Acrylic Esters Market Size by Product, Type, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Global Acrylic Esters Market was valued at US$ 10.39 Bn in 2023 and expected to reach US$ $ 16.15 Bn by 2030, at a CAGR of 6.5% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Acrylic Esters is projected to be the fastest-growing market due to the increasing acceptance of acrylate esters for producing adhesives, synthetic resins, synthetic rubbers, and water-based paints. Acrylic ester is acrylic acid-based polymers used in water-based coating solutions in various applications, such as construction, textiles, adhesives, detergents, and others. It has replaced solvent-based paints and sealants. This has been driving the demand for chemicals in the industry. Oil resistance and high thermal stability are key features of acrylic esters. Its non-toxic nature is responsible for growing adoption in various industries. It is used as building blocks for industrial polymers.
The rising construction industry has driven the demand for the acrylate esters market. Demand for coating from the construction industry and expansion of butyl acrylates in China are factors driving the global acrylic ester market. In addition, the slow recovery of the U.S. housing market and variation in raw material prices are hampering growth in the market. Demand for PPMA resins and commercial production of bio-based acrylic acid derivatives are expected to create better opportunities in the market. There is a rising demand for super-absorbent polymers in the market.
Butyl acrylate is used as a soft monomer to improve the toughness and temperature properties. Expanding demand of butyl acrylate in the paint and coating industry is driving the growth of the acrylate esters market.
Fluctuation in raw material prices is expected to be challenging for the growth of the acrylate esters market.
Rising population and construction are the key factors to grow the Acrylic ester market in the Asia Pacific region. Asia-Pacific dominated the global acrylic ester market owing to the high demand for surface coating materials in various industries. Furthermore, rising derivatives' utilization in surfactants, coatings, personal care products, and adhesives will dominate the global market during the forecast period in the Asia Pacific region.
The key market companies profiled in Global Acrylic Esters Market Report are Arkema SA, BASF SE, Evonik Industries, LG Chem Ltd., Momentive Specialty Chemicals Inc., Mitsubishi Chemical Holdings Corporation, OJSC Sibur Holding, Sasol Ltd., Nippon Shokubai Co. Limited, and The Dow Chemical Company.
The report covers the total market for Acrylic Esters. The analysis in the report is based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Acrylic Esters Market Scope: Inquire before buying
| Acrylic Esters Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 10.39 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 6.5% | Market Size in 2030: | US $ 16.15 Bn. |
| Segments Covered: | by Product | Methyl Acrylate Ethyl Acrylate Butyl Acrylate 2-EH Acrylate |
|
| by Type | Surface Coatings Adhesives & Sealants Plastic additives Detergents Textiles |
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Acrylic Esters Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Acrylic Esters Market, Key Players:
1. Arkema SA
2. BASF SE
3. Evonik Industries
4. LG Chem Ltd.
5. Momentive Specialty Chemicals Inc.
6. Mitsubishi Chemical Holdings Corporation
7. OJSC Sibur Holding
8. Sasol Ltd.
9. Myriant Corporation
10. The Lubrizol Corporation
11. Basic Acrylic Monomer Manufacturers Inc (BAMM)
12. Paari chem resouces LLP
13. Parchem fine and speciality chemicals
14. Nippon Shokubai Co. Limited,
15. The Dow Chemical Company.
Frequently Asked Questions:
1. Which region has the largest share in Global Acrylic Esters Market?
Ans: Asia Pacific region holds the highest share in 2023.
2. What is the growth rate of Global Acrylic Esters Market?
Ans: The Global Acrylic Esters Market is growing at a CAGR of 6.5% during forecasting period 2024-2030.
3. What is scope of the Global Acrylic Esters market report?
Ans: Global Acrylic Esters Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Acrylic Esters market?
Ans: The important key players in the Global Acrylic Esters Market are – Arkema SA, BASF SE, Evonik Industries, LG Chem Ltd., Momentive Specialty Chemicals Inc., Mitsubishi Chemical Holdings Corporation, OJSC Sibur Holding, Sasol Ltd.,
5. What is the study period of this market?
Ans: The Global Acrylic Esters Market is studied from 2023 to 2030.