Pulished Date August, 2019
ID: 8382
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Acrylate Market by Chemistry (Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate), Application (Paints & Coatings, Adhesives, Fabrics), End-use Industry (Packaging, Consumer Goods, Building & Construction, Automotive), Region - Global Forecast (2018-2022)

Pulished: August, 2019
ID: 8382
Pages: 170

Tags: Tag2, Tag_3

Acrylate Market Overview

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.

Acrylate Market Drivers and Restraints

Drivers

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

  • By Chemistry 

Based on the Chemistry, the Acrylate Market is divided into-

  1. Butyl Acrylate
  2. Ethyl Acrylate
  3. Methyl Acrylate

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.

  • By Application

Based on the Application, the Acrylate Market is divided into-

  1. Paints & Coatings
  2. Adhesives
  3. Fabrics

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.

  • By End-use Industry

Based on the end-use industry, the Acrylate Market is divided into-

  1. Packaging
  2. Consumer Goods
  3. Building & Construction
  4. Automotive

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

  • This report gives a full analysis of the Acrylate Market and how it is evolving during the forecast period (2018-2023).
  • In this report, the Acrylate Market has been segmented by the chemistry, application, end-use industry and the region which would give a better understanding of where exactly the market is headed and what is driving its growth.
  • The report addresses in detail the key market challenges, drivers and restraints and how prevalent they are in a particular geographical area and time.
  • Full Porter’s Five Forces Analysis has been done for the user to get a better idea of the market and the opportunity that exists during the forecast period in the market.
  • The key insights given in this report will help the reader in making better investment decisions through a better understanding of the market.

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                             

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by chemistry ,  by application , by end use industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Acrylate Market By Region, From 2018-2023 ( USD Billion )
  2. Global Acrylate Market By Chemistry, From 2018-2023 ( USD Billion )
  3. Global Butyl Acrylate Market By Region, From 2018-2023 ( USD Billion )
  4. Global Ethyl Acrylate Market By Region, From 2018-2023 ( USD Billion )
  5. Global Methyl Acrylate Market By Region, From 2018-2023 ( USD Billion )
  6. Global Acrylate Market By Application, From 2018-2023 ( USD Billion )
  7. Global Paints & Coatings Market By Region, From 2018-2023 ( USD Billion )
  8. Global Adhesives Market By Region, From 2018-2023 ( USD Billion )
  9. Global Fabrics Market By Region, From 2018-2023 ( USD Billion )
  10. Global Acrylate Market By End-Use Industry, From 2018-2023 ( USD Billion )
  11. Global Packaging Market By Region, From 2018-2023 ( USD Billion )
  12. Global Consumer Goods Market By Region, From 2018-2023 ( USD Billion )
  13. Global Building & Construction Market By Region, From 2018-2023 ( USD Billion )
  14. Global Automotive Market By Region, From 2018-2023 ( USD Billion )

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