The global Acrylate Market was valued at USD 7.99 billion in 2021 and is predicted to reach USD 9.35 billion by 2026 with a compound annual rate of 8.5% from 2021 to 2026.
A strong call for acrylate in adhesive and paint applications and coatings are the driving force behind the acrylate industry worldwide. The major fashion seen in the acrylate industry is the rising customer preference for acrylic-based emulsions over oil-based goods. This change is primarily attributed to the benefits of these products, which include short drying time, colorfastness, wear and water resistance, and environmental friendliness. Furthermore, water-based paints are durable, stable under extreme conditions and free of volatile organic compounds (VOCs), which encourages their application in interior and exterior wall coverings.
Acrylic acid is an organic compound that has a characteristic acidic or acidic odor. A large part of this compound is employed as a filler to obtain acrylate esters. Acrylate esters have a broad spectrum of uses. Bio-based acrylates represent enormous potential for players in the acrylate industry, in terms of diversifying their product portfolio and escalating their industry share. This can be mainly attributed to allergic skin diseases associated with the main acrylates. The renewable and non-toxic nature of bio-based variants should create a number of opportunities in the coming years. Businesses develop and industry processes to produce it from petrochemical products. Owing to the escalation in the cost of oil worldwide, makers are utilizing bio-based techniques to produce this unsaturated carboxylic acid and acrylates from renewable resources. Applications in detergents, adult incontinence and personal care products have contributed to the escalated call for acrylic acid.
Recent Developments
BASF newly introduced 2-propylheptyl acrylate, a latest raw material. This milestone shows the firm's continued expansion of its portfolio.
Sartomer Europe introduces latest acrylate solutions that allow higher performance for 3D printed systems, specialty coatings and inks.
Acrylate Market Drivers
Factors driving expansion are the rising call for superabsorbent polymers, the widespread use of acrylic-based goods in growing nations like Asia Pacific, and rising businesses like adhesives and sealants. Strict government regulations are imposed on the use of this organic compound due to growing environmental concerns in areas such as North America, Europe, etc. to protect the environment and avoid occupational exposure. Large amount of butyl acrylate employed in the automotive businesses, which will drive the expansion of the industry. Another factor driving industry expansion is the limitations of VOC emissions in the country.
Due to possible limitations, its expansion is limited. Strict government guidelines on acrylate removal are also acting as a limiting factor for this industry expansion.
Producers focus on research and development to find the organic roots needed for production in order to increase their industry share and size. Also, the commercialization of bio-based compounds and the saturated call for PMMA resins in various businesses would open the doors for investors to invest, creating many opportunities for expansion in the near future. Many new applications have emerged as a result of commercialization of manufacturing techniques for bio-based products. The sector has enormous potential in the future, as it would create a range of applications, especially in businesses such as surfactants, surface coatings, adhesives and sealants, plastic additives and comonomers, etc. Therefore, understanding the sector would provide insight into the entire segment, and thus help stakeholders make strategic decisions.
Strict regulations relating to production of acrylate will be a major challenge to the industry expansion.
Acrylate Market - By Form
2 - Ethyl hexyl acrylate is the quickest rising kind owing to its major features and chemical structure.
Acrylate Market - By Application
Paints and coatings are predicted to be the largest and fastest application of acrylate during the foreseen period. High potential in the construction sector due to changes in lifestyles, infrastructure development and escalated disposable income, as well as escalated renovation and renovation activities have supported the paints & coatings industry. Escalated auto sales also provided expansion potential for acrylate in automotive paints and coatings.
Acrylate Market - By End-use
The packaging uses acrylates in paper coatings, consumer goods coatings and as dispersants in inks employed in textile printing and printing on packaged products, among others. The expansion of e-commerce has fuelled the expansion of the packaging industry, which in turn led to the expansion of the acrylate industry.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The Asia-Pacific acrylate industry is the largest and fastest growing industry due to the growing population and disposable income leading to strong expansion in the packaging industry. In addition, escalated industrialization, urbanization, and the rise of residential construction have resulted in the expansion of acrylate in the paint and coatings segment. Globally, APAC was the largest acrylate industry in 2020 and is predicted to continue the trend during the foreseen period. This can be mainly attributed to the presence of established actors, the escalated call for water-based paints and coatings, and the increase in infrastructure development activities, which has led to the call for acrylates. Considering the future industry scenario, China is predicted to dominate the region's industry, generating $ 6,805.0 million worth of revenue in 2025. The country's high-volume downstream manufacturing capabilities and level rise Life and per capita income would stimulate call for acrylic formulations, which act as building blocks for thousands of intermediate polymers employed in surface coatings, textiles, adhesives, and plastics.
Asia-Pacific was the largest income-generating region that is predicted to continue to dominate income sources until 2025. Latin America and the Middle East and Africa are the region that will be the fastest growing at a notable annual rate over the same period, offering many expansion prospects. The factors driving expansion in the region are the widespread adoption of renewable roots for production and growing businesses, such as coatings, sealants, adhesives, etc. Furthermore, Latin America and the Middle East and Africa have lucrative opportunities for the production of crude compounds due to the presence of the world's largest petrochemical sites. These factors have the effect of stimulating call in Latin America, and the Middle East and Africa.
The major players operating in the industry are, 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).
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
Global Acrylate Market By Region, From 2021-2026( USD Billion )
Global Acrylate Market By Chemistry, From 2021-2026( USD Billion )
Global Butyl Acrylate Market By Region, From 2021-2026( USD Billion )
Global Ethyl Acrylate Market By Region, From 2021-2026( USD Billion )
Global Methyl Acrylate Market By Region, From 2021-2026( USD Billion )
Global Acrylate Market By Application, From 2021-2026( USD Billion )
Global Paints & Coatings Market By Region, From 2021-2026( USD Billion )
Global Adhesives Market By Region, From 2021-2026( USD Billion )
Global Fabrics Market By Region, From 2021-2026( USD Billion )
Global Acrylate Market By End-Use Industry, From 2021-2026( USD Billion )
Global Packaging Market By Region, From 2021-2026( USD Billion )
Global Consumer Goods Market By Region, From 2021-2026( USD Billion )
Global Building & Construction Market By Region, From 2021-2026( USD Billion )
Global Automotive Market By Region, From 2021-2026( USD Billion )
