Butyl Acrylate Market Outlook – 2028
Butyl acrylate is an acrylic monomer from the acrylic esters group, which is obtained from acrylic acid for providing performance properties to a wide range of polymers. All the processes are based on the principle called esterification. Various catalysts, conditions, systems, recycle of alcohol and quality of finished product are involved in the processes. Technology available for the manufacturing of acrylic esters is limited. Many of the manufacturing facilities uses the Nippon Shokubai process for manufacturing butyl acrylate monomer, however, a large-scale manufacturers of acrylic acid & acrylic esters do not reveal their technology. Butyl acrylate monomers have several properties which are desirable to polymeric materials such as color stability, heat resistance, aging resistance, clarity, low temperature flexibility, enhanced weather ability as well as acid and base resistance. Butyl acrylate has characteristics such as hardness, durability, tackiness, and temperature resistance to varying degrees.
Covid-19 Impact analysis
- Restrictions already in place due to COVID-19 have limited the supply chain operations worldwide. Due to halt on logistics, the transportation of the materials was not possible.
- The production factories were forced to shut down due to implementation of lockdown in several places. Thus, there were huge financial losses to the manufactures and many had to shut down their businesses.
- The demand from various sectors such as automotive sectors and textiles industries have drastically decreased. As a result, the butyl acrylate market has suffered a loss during the epidemic.
Top Impacting factors
Rise in usage of butyl acrylate monomers in formulating water-based acrylic emulsions for architectural and industrial coatings will drive the market in the upcoming years and the rise in the demand for water-based coatings can boost the market growth during the forecast years. The usage of butyl acrylate in high amount in automotive industries is expected to fuel the market growth in the upcoming years. The high cost of butyl acrylate can dampen the growth of this market. Moreover, strict guidelines from the government about the disposal of butyl acrylate will also restrict the growth of this market.
Market Trends
Agreements
- In January 2019, Adani Group and BASF SE have signed a memorandum of understanding (MoU) to assess joint investment in the acrylics value chain. Their main aim for this agreement is to expand their product portfolio adjacent to expanding their chemicals production as well as their ability to deliver renewable power.
- In May 2018, Indian Oil Corporation Limited agreed to license its patented acrylic acid and acrylic acid ester production technology to Mitsubishi Chemical Corporation. Their main aim is to expand their product portfolio and meet the growing demand of the customers.
- In China, new butyl acrylate manufacturing plants has been established. They have planned to expand their capacity due to the sudden increase in demand from automotive and construction industries. The new acrylic acid & acrylic ester plants are established by major Europe-based raw materials manufacturers such as BASF SE & AKEMA S.A.
Key Benefits of the Report
- This study presents the analytical depiction of the butyl acrylate industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the butyl acrylate market share.
- The current market is quantitatively analyzed to highlight the butyl acrylate market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed butyl acrylate market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the butyl acrylate report
- Who are the leading market players active in the butyl acrylate market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Upcoming Report specific
- What is "butyl acrylate"?
- What does "butyl acrylate" allow organizations to achieve?
- What will be the anticipated growth rates for your own butyl acrylate Market economy altogether and also for every segment inside?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
Butyl Acrylate Market Report Highlights
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