Acrylate Market is a growing market with an average CAGR of 6.4 % during the forecast period. As of 2018, the Acrylate Market industry is valued at 7.77 billion USD, and it is estimated to reach 10.60 billion USD by the year 2023. Asia- Pacific (APAC) region is the largest market for bromine and is also expected to be the fastest growing market throughout the forecast period.
The acrylate market is expected to be driven owing to the high demand for acrylate in applications such as plastics, adhesives, and paints & coatings.
Significant industrial development in the APAC region coupled with rising disposable income in the area in driving the growth in the APAC region.
Restraints
The key restraining factor in the acrylate market is the environmental and health hazards and government regulations to minimize the dangers.
Acrylate Market Segmentation Analysis
Based on the Chemistry, the Acrylate Market is divided into-
Based on the chemistry, the Butyl Acrylate segment is expected to have the largest market share throughout the forecast period. Butyl acrylate has the most significant demand among all acrylate types and is majorly used in textiles, papers, paints, inks, and adhesives. It can be used in cleaning agents, antioxidants, surfactants, aqueous resins, and elastomers, among others.
Based on the Application, the Acrylate Market is divided into-
Based on the application, the Paints & Coatings segment has the highest growth rate as well as the highest market share of the Acrylate Market as of 2018, and it is projected to remain so throughout the forecast period. Great potential in the construction sector due to changing lifestyles, infrastructural developments, increasing disposable incomes, an increase in renovation & refurbishment activities has supported the paints & coatings market. Increase in sales of automotive has also provided growth potential for acrylate in automotive paints & coatings.
Based on the end-use industry, the Acrylate Market is divided into-
Based on the end-use industry, the Packaging segment has the largest market share as well as the highest growth rate. The packaging uses acrylates in paper coating, consumer goods coatings, and as dispersants in inks used in printing textiles and printing on packaged goods, among others. Growing e-commerce has propelled growth in the packaging end-use industry, in turn resulting in the growth of the acrylate market.
Acrylate Market Geographical Analysis
The Acrylate Market in the Asia Pacific (APAC) region is expected to grow at the highest growth rate during the forecast period. APAC region also holds the largest market share of the Acrylate Market. It is due to the growing populations and increasing disposable incomes, which has led people to buy more packaged goods, rampant growth of e-commerce, which has led to the high growth of the packaging end-use industry. Besides, growing industrialization, urbanization, and booming residential construction have resulted in the growth of acrylate in building & development as well as in automotive segments.
Acrylate Market Key Players
Major companies in the Acrylate Market include BASF SE (Germany), Arkema (France), The Dow Chemical Company (US), Evonik Industries (Germany), NIPPON SHOKUBAI CO. LTD. (Japan), SIBUR (Russia), LG Chem (South Korea), SASOL Limited (South Africa), Formosa Petrochemical Corporation (Taiwan), and Mitsubishi Chemical Corporation (Japan).
Acrylate Market Report Key Highlights
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Chemistry
5.1.1 Introduction
5.1.2 Butyl Acrylate
5.1.3 Ethyl Acrylate
5.1.4 Methyl Acrylate
5.1.5 Y-o-Y Growth Analysis, By Chemistry
5.1.6 Market Attractiveness Analysis, By Chemistry
5.1.7 Market Share Analysis, By Chemistry
5.2 Application
5.2.1 Introduction
5.2.2 Paints & Coatings
5.2.3 Adhesives
5.2.4 Fabrics
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Type
5.3 End-use Industry
5.3.1 Introduction
5.3.2 Packaging
5.3.3 Consumer Goods
5.3.4 Building & Construction
5.3.5 Automotive
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Chemistry
6.1.3.3 By Application
6.1.3.4 By End-use Industry
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Chemistry
6.1.4.3 By Application
6.1.4.4 By End-use Industry
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Chemistry
6.1.5.3 By Application
6.1.5.4 By End-use Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE (Germany)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Arkema (France)
8.3 The Dow Chemical Company (US)
8.4 Evonik Industries (Germany)
8.5 NIPPON SHOKUBAI CO. LTD. (Japan)
8.6 SIBUR (Russia)
8.7 LG Chem (South Korea)
8.8 SASOL Limited (South Africa)
8.9 Formosa Petrochemical Corporation (Taiwan)
8.10 Mitsubishi Chemical Corporation (Japan)
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
