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Pulished Date August, 2021
ID: 12008
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Acrylic Esters Market Segmentation by Type (Methyl Acrylate, Ethyl Acrylate, 2-Ethyl Hexyl Acrylate, Butyl Acrylate, and Others); By Application (Adhesives & Sealants, Surface Coatings, Textiles, Plastic Additives, and Others); and Region - Industry Forecast of 2021 to 2026

Pulished: August, 2021
ID: 12008
Pages: 180

Global Acrylic Ester Market Size and Growth:

The global Acrylic Esters Market was worth US$ 9.145 billion in 2021, and it is estimated to reach a valuation of US$ 11.2 billion by the end of 2026, expanding at a CAGR of 6.2% during 2021 and 2026. Majorly, the acrylic esters relate numerous desirable qualities to polymeric materials include heat & aging resistance, color stability & clarity, low-temperature flexibility, and good weather ability. Acrylic esters comprise various characteristics like glass transition temperature, which helps the polymer change its state from a brittle system to a soft state. Acrylic Esters are derived from acrylic acid, which are used as building blocks for n number of polymer formulations. Acrylic Esters are being utilized as a raw material in paint, acrylic rubbers & fibers, adhesives, and many more. Depending on alpha- unsaturated and beta-unsaturated carboxyl structures, these are reactive, flammable, and volatile liquids. Numerous industries are using acrylic ester due to its non-toxic nature. Acrylic Esters are also well known for their oil resistance and high thermal stability.

Acrylic Esters Market Trends:

The market is augmented to witness huge growth due to the growing demand for bio-based acrylic acid since numerous acrylic manufacturers tend to deviate from crude oil feedstocks that were actually hitting unsustainable levels.

Recent Developments in the Acrylic Esters Market:

On February 12, 2021, BASF SE announced that it would increase the prices for all Styrene Acrylic and Acrylic dispersions due to their escalating raw material costs, availability of esters, and also rising costs for manufacturing.

Acrylic Esters Market Drivers:

Escalating demand for bio-based acrylic acid and also increasing the need for the acrylic ester in surface coatings are the major factors that drive the growth of the Acrylic Market. In recent years many industries have adopted several technologies, mainly, biotransformation technology in order to produce acrylates and acrylic acids from renewable resources. Moreover, manufacturers of acrylic acid are deviating from crude oil feedstocks despite oil prices globally hit unsustainable levels. Recent research by various firms declared that present global polymer and biobased chemical production is witnessed to be approximately 90 million tonnes. Due to these factors, there would be an escalating demand for bio-based acrylic acid in the next coming years. On the other hand, acrylic surface coatings are widely utilized in paints, coatings, OEM products, and special purpose coatings and were jotted for their magnificent color retention and inertness when uncovered from environmental conditions. Furthermore, acrylic ester provides durability and brightness in color, heat & aging power and good weather ability drives the increasing need for acrylic ester in surface coatings to include varnishes, drying oil, and paints.

Acrylic Esters Market Restraints:

One of the restraints of the acrylic ester market is that acrylic acids are highly irritating to the skin and respiratory system and also corrosive. There would be a massive injury if it is being disposed of in the eyes, and high exposure may lead to pulmonary edema. These are the major restraints that would hamper the market growth during the forecast period.

Opportunities in the Acrylic Esters Market:

The acrylic esters tend to have remarkable growth in the next coming years since these were made use for the purpose of construction, textiles, paints, and many more. The increasing demand for butyl acrylate in paints firms would propel the market growth and act as an opportunity during the forecast period.

Challenges in the Acrylic Esters Market:

Increasing prices of the raw materials due to disruptions in the supply chain and the nature of acrylic ester were the major challenges that hinder the acrylic ester market growth during the forecast period.

Acrylic Ester Market Segmentation:

By Type

· Methyl Acrylate 

· Ethyl Acrylate 

· 2-Ethyl Hexyl Acrylate 

· Butyl Acrylate 

· Others

On the basis of type, the acrylic esters market is segmented into Methyl Acrylate, Ethyl Acrylate, 2-Ethyl Hexyl Acrylate, Butyl Acrylate, and others. Among these segments, methyl acrylate is estimated to be mostly used in the market it is because of its acrid odor and colorless nature. It is mostly in pharmaceuticals that act as a reagent for the synthesis of various intermediates. Thus, the growing demand for methyl acrylate would drive the acrylic ester market growth during the forecast period.

By application:

· Adhesives & Sealants 

· Surface Coatings 

· Textiles 

· Plastic Additives  

· Others

On the basis of application, the acrylic ester market is segmented into adhesives & sealants, surface coatings, textiles, plastic additives, and others. Besides the other segments, adhesives & sealants act as a major dominant role in the acrylic market since these are absolutely necessary for transportation, construction, and consumer goods. Acrylic ester is broadly used in adhesives and sealants due to its enhanced flexibility that propels the demand of the market. 

Acrylic Ester Regional Analysis:

 The Acrylic Ester Report includes the segmentation of Regions:

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

The Asia Pacific tends to dominate the market, with almost 35% market share in the acrylic ester market. It is owing to the huge demand in various firms for surface coating materials that drives the market growth in the Asia Pacific region. Additionally, Asia Pacific is also estimated to be the fastest-growing region owing to the increasing demand for acrylic ester, huge industrialization, and development towards infrastructure, mainly in India and China. At the same time, North America and Europe are estimated to have 4.6% & 4% CAGR, respectively. Despite this, Middle East & Africa tend to have a significant CAGR respectively during the forecast period.

Impact of COVID-19 on Acrylic Esters Market:

Covid-19 (novel Corona Virus Disease), which outbreak in early 2020, has been turned out as a global pandemic crisis with 15 million population getting infected and has already created the loss of over 600 thousand deaths at the global level.

It is owing to the increased emphasis on preventing the spread of covid-19 and considering the transmission measures to prevent the movement and interactions between the humans and also to prevent the spread of disease. Unfortunately, this is adversely impacted the wide range of industries and created shut down of businesses due to less or zero returns or investments. These industries are likely to take a longer time than expected to cover. The acrylic esters have also witnessed a decline in early April. One of the factors that hamper the market growth is the reduction in raw material and labor shortages.

Acrylic Esters Market Key Players:

The companies covered in the report include:

  1. BASF SE

  2. Nippon Shokubai Co. Ltd.

  3. Evonik Industries

  4. LG Chem Ltd.

  5. Hexion Inc.

  6. Mitsubishi Chemical Holdings Corporation

  7. CJSC Sibur Holding

  8. The DOW Chemical Company

  9. Arkema SA

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Acrylic Esters Market , By Type                          

                                6.1.1 Methyl Acrylate    

                                6.1.2 Ethyl Acrylate        

                                6.1.3 2-Ethyl Hexyl Acrylate        

                                6.1.4 Butyl Acrylate        

                                6.1.5 Others      

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.7 Y-o-Y Growth Rate Analysis              

                                6.1.8 Market Attractiveness Index           

                6.2 Acrylic Esters Market , By Application                              

                                6.2.1 Adhesives & Sealants         

                                6.2.2 Surface Coatings   

                                6.2.3 Textiles    

                                6.2.4 Plastic Additives   

                                6.2.5 Others      

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 BASF SE                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Nippon Shokubai Co. Ltd.                     

                8.3 Evonik Industries                     

                8.4 LG Chem Ltd.                             

                8.5 Hexion Inc.                 

                8.6 Mitsubishi Chemical Holdings Corporation                    

                8.7 CJSC Sibur Holding                   

                8.8 The DOW Chemical Company                             

                8.9 Arkema SA                  

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                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 Service, Type and 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 analyzing 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 Acrylic Esters  Market By Region, From 2021-2026 ( USD Billion )

  2. Global Acrylic Esters  Market By Type, From 2021-2026 ( USD Billion )

  3. Global Methyl Acrylate Market By Region, From 2021-2026 ( USD Billion )

  4. Global Ethyl Acrylate Market By Region, From 2021-2026 ( USD Billion )

  5. Global 2-Ethyl Hexyl Acrylate Market By Region, From 2021-2026 ( USD Billion )

  6. Global Butyl Acrylate Market By Region, From 2021-2026 ( USD Billion )

  7. Global Others Market By Region, From 2021-2026 ( USD Billion )

  8. Global Acrylic Esters  Market By Application, From 2021-2026 ( USD Billion )

  9. Global Adhesives & Sealants Market By Region, From 2021-2026 ( USD Billion )

  10. Global Surface Coatings Market By Region, From 2021-2026 ( USD Billion )

  11. Global Textiles Market By Region, From 2021-2026 ( USD Billion )

  12. Global Plastic Additives Market By Region, From 2021-2026 ( USD Billion )

  13. Global Others Market By Region, From 2021-2026 ( USD Billion )

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