HOME Top Market Reports 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 to 2022

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 to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: CH 5456

 

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The acrylate market was valued at USD 6.86 Billion in 2016 and is projected to reach USD 9.88 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022. The high demand for acrylate in adhesives and paints & coatings applications is driving the acrylate market across the globe.

Objectives of the Study

  • To define, describe, and forecast the acrylate market on the basis of type, application, and end-use industry
  • To analyze and forecast the size of the acrylate market, in terms of volume and value
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To forecast the acrylate market size with respect to five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, regional expansions, and R&D in the acrylate market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Years considered for this report

2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

Research Methodology

This study estimates the size of the acrylate market for 2017 and projects its growth by 2022. It provides a detailed qualitative and quantitative analysis of the acrylate market. Secondary sources, such as Hoovers, Bloomberg Business Week, and Factiva, among others have been used to identify and collect information useful for this extensive, commercial study of the acrylate market. Primary sources such as experts from related industries and suppliers of acrylate have been interviewed to obtain and verify critical information and assess future prospects of the acrylate market.

Acrylate Market

To know about the assumptions considered for the study, download the pdf brochure

The key players profiled in the report 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).

Target Audience:

  • Manufacturers of Acrylate
  • Chemical Suppliers
  • Traders, Distributors, and Suppliers of Acrylate
  • Raw Material Suppliers
  • Government and Research Organizations
  • Industry Associations

“This study answers several questions for stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. It also provides a competitive landscape of the acrylate market”.

Scope of the Report:

The acrylate market has been segmented as follows:

Acrylate Market, by Form:

  • Butyl Acrylate
  • Ethyl Acrylate
  • 2- Ethyl Hexyl Acrylate
  • Methyl Acrylate

Acrylate Market, by Application:

  • Paints & Coatings
  • Plastics
  • Adhesives
  • Fabrics
  • Others

Acrylate Market, by End-Use Industry:

  • Packaging
  • Consumer Goods
  • Building & Construction
  • Textiles
  • Automotive
  • Others

Acrylate Market, by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The market has further been analyzed for the key countries in each of these regions.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the rest of Asia Pacific acrylate market into Australia and New Zealand

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Years Considered for the Study
    1.3 Currency
    1.4 Package Size
    1.5 Research Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in the Acrylate Market
    4.2 Acrylate Market, By End-Use Industry
    4.3 Acrylate Market, By Application and Country
    4.4 Acrylate Market, By Region
    4.5 Acrylate Market, By Chemistry

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Impact Analysis
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Use of Acrylates in Adhesives
                    5.3.1.2 High Demand of Acrylates in Paints
                    5.3.1.3 High Demand of Acrylates in Water-Based Emulsions
           5.3.2 Restraints
                    5.3.2.1 Environmental and Health Hazards
           5.3.3 Opportunities
                    5.3.3.1 Emerging Commercialization of Bio-Based Acrylic Acid
           5.3.4 Challenges
                    5.3.4.1 Volatility in Raw Material Prices
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry

6 Macro Economic Indicators (Page No. - 44)
    6.1 Introduction
    6.2 Real GDP Growth Rate Forecast of Major Economies
    6.3 Textile Industry
    6.4 Automotive Industry
    6.5 Construction Industry
           6.5.1 Construction Industry in North America
           6.5.2 Construction Industry in Europe
           6.5.3 Trends and Forecast of Construction Industry in Asia-Pacific

7 Acrylate Market, By Chemistry (Page No. - 48)
    7.1 Introduction
    7.2 Butyl Acrylate
           7.2.1 N Butyl Acrylate
           7.2.2 T Butyl Acrylate
           7.2.3 I Butyl Acrylate
    7.3 2-Ethyl Hexyl Acrylate
    7.4 Methyl Acrylate
    7.5 Ethyl Acrylate

8 Acrylate Market, By Application (Page No. - 53)
    8.1 Introduction
    8.2 Paints & Coatings
           8.2.1 Paints
           8.2.2 Coatings
    8.3 Plastics
           8.3.1 Plastic Manufacturing
           8.3.2 Plastic Additives
    8.4 Fabrics
           8.4.1 Woven Fabric
           8.4.2 Non-Woven Fabric & Leather
    8.5 Adhesives & Sealants
           8.5.1 Adhesives
           8.5.2 Sealants
    8.6 Others

9 Acrylate Market, By End-Use Industry (Page No. - 58)
    9.1 Introduction
    9.2 Packaging
           9.2.1 Coatings for Packaging
           9.2.2 Adhesives for Packaging
           9.2.3 Other Packaging Applications
    9.3 Consumer Goods
           9.3.1 Coatings
           9.3.2 Adhesives
           9.3.3 Other Consumer Goods
    9.4 Building & Construction
           9.4.1 Paints & Coatings
           9.4.2 Adhesives
           9.4.3 Other Building & Construction Materials
    9.5 Textiles
    9.6 Automotive
    9.7 Others
           9.7.1 Water Treatment Industry
           9.7.2 Others

10 Acrylate Market, By Region (Page No. - 63)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 Australia
             10.2.5 South Korea
             10.2.6 Taiwan
             10.2.7 Rest of Asia-Pacific
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Germany
             10.4.2 U.K.
             10.4.3 Italy
             10.4.4 France
             10.4.5 Netherlands
             10.4.6 Russia
             10.4.7 Belgium
             10.4.8 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 112)
     11.1 Introduction
     11.2 Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Dynamic Differentiators
             11.2.3 Innovators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio (For All 25 Players)
             11.3.2 Business Strategy Excellence (For All 25 Players)
     11.4 Market Share Analysis
             11.4.1 BASF
             11.4.2 The DOW Chemical Company
             11.4.3 Arkema
             11.4.4 Nippon Shokubai Co. Ltd
             11.4.5 LG Chem.

12 Company Profile (Page No. - 118)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     12.1 BASF
     12.2 Arkema
     12.3 The DOW Chemical Company
     12.4 Evonik Industries
     12.5 Nippon Shokubai Co., Ltd.
     12.6 Sibur
     12.7 LG Chem.
     12.8 Sasol Limited
     12.9 Formosa Plastics Corporation
     12.10 Mitsubishi Chemical Corporation.
     12.11 Others
             12.11.1 Air Liquide
             12.11.2 Merck Millipore
             12.11.3 Synthomer
             12.11.4 Polysciences Inc.
             12.11.5 Saudi Acrylic Monomer Company Limited
             12.11.6 Shanghai Huayi Acrylic Acid Co., Ltd.
             12.11.7 Shenyang Chemical Co Ltd
             12.11.8 TCI America
             12.11.9 Taixing Jurong Chemical Co., Ltd.
             12.11.10 Toagosei Co., Ltd.
             12.11.11 Wanhua Chemical Group Co., Ltd.
             12.11.12 Jiangsu Jurong Chemical & Industrial Co. Ltd.
             12.11.13 Loba Chemie Pvt.Ltd
             12.11.14 Shanghai Lang Chemical Co., Ltd
             12.11.15 Zhejiang Satellite Petrochemical Co., Ltd

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 150)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (111 Tables)

Table 1 Ecotoxilogical Properties
Table 2 Environmental Hazard Levels
Table 3 Environmental Properties
Table 4 Trends and Forecast of Real GDP Growth Rates From 2016 to 2021
Table 5 Motor Vehicle Production
Table 6 Contribution of Construction Industry to GDP in North America, By Country USD Billion
Table 7 Contribution of Construction Industry to GDP in Europe, By Country USD Billion
Table 8 Contribution of Construction Industry to GDP in Asia-Pacific, By Country USD Billion
Table 9 Acrylates Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 10 Acrylates Market Size, By Chemistry, 2015–2022 (USD Million)
Table 11 Properties of N Butyl Acrylate
Table 12 Properties Of T Butyl Acrylate
Table 13 Properties of I Butyl Acrylate
Table 14 Properties of 2-Ethyl Hexyl Acrylate
Table 15 Properties of Methyl Acrylate
Table 16 Properties of Ethyl Acrylate
Table 17 Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 18 Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 19 Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 20 Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 21 Global Acrylate Market Size, By Region, 2015–2022 (Kiloton)
Table 22 Global Acrylate Market Size, By Region, 2015–2022 (USD Million)
Table 23 Asia-Pacific: Acrylate Market Size, By Country, 2015–2022 (Kiloton)
Table 24 Asia-Pacific: Acrylate Market Size, By Country, 2015–2022 (USD Million)
Table 25 Asia-Pacific: Acrylate Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 26 Asia-Pacific: Acrylate Market Size, By Chemistry, 2015–2022 (USD Million)
Table 27 Asia-Pacific: Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 28 Asia-Pacific: Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 29 Asia-Pacific: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 30 Asia-Pacific: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 China Acrylate Production Plants
Table 32 China: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 33 China: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 India: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 35 India: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Japan: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 37 Japan: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 Australia: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 39 Australia: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 South Korea: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 41 South Korea: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 42 Taiwan: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 43 Taiwan: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 44 Rest of Asia-Pacific: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 45 Rest of Asia-Pacific: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 North America: Acrylate Market Size, By Country, 2015–2022 (Kiloton)
Table 47 North America: Acrylate Market Size, By Country, 2015–2022 (USD Million)
Table 48 North America: Acrylate Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 49 North America: Acrylate Market Size, By Chemistry, 2015–2022 (USD Million)
Table 50 North America: Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 51 North America: Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 52 North America: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 53 North America: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 54 U.S.: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 55 U.S.: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 56 Canada: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 57 Canada: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 58 Mexico: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 59 Mexico: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 60 Europe: Acrylate Market Size, By Country, 2015–2022 (Kiloton)
Table 61 Europe: Acrylate Market Size, By Country, 2015–2022 (USD Million)
Table 62 Europe: Acrylate Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 63 Europe: Acrylate Market Size, By Chemistry, 2015–2022 (USD Million)
Table 64 Europe: Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 65 Europe: Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 66 Europe: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 67 Europe: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Germany: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 69 Germany: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 70 U.K.: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 71 U.K.: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 72 Italy: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 73 Italy: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 74 France: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 75 France: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 76 Netherlands: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 77 Netherlands: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 78 Russia: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 79 Russia: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 80 Belgium: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 81 Belgium: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 82 Rest of Europe: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 83 Rest of Europe: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 84 Middle East & Africa: Acrylate Market Size, By Country, 2015–2022 (Kiloton)
Table 85 Middle East & Africa: Acrylate Market Size, By Country, 2015–2022 (USD Million)
Table 86 Middle East & Africa: Acrylate Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 87 Middle East & Africa: Acrylate Market Size, By Chemistry, 2015–2022 (USD Million)
Table 88 Middle East & Africa: Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 89 Middle East & Africa: Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 90 Middle East & Africa: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 91 Middle East & Africa: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 92 Saudi Arabia: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 93 Saudi Arabia: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 94 UAE.: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 95 UAE.: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 96 Rest of Middle East & Africa: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 97 Rest of Middle East & Africa: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 98 South America: Acrylate Market Size, By Country, 2015–2022 (Kiloton)
Table 99 South America: Acrylate Market Size, By Country, 2015–2022 (USD Million)
Table 100 South America: Acrylate Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 101 South America: Acrylate Market Size, By Chemistry, 2015–2022 (USD Million)
Table 102 South America: Acrylate Market Size, By Application, 2015–2022 (Kiloton)
Table 103 South America: Acrylate Market Size, By Application, 2015–2022 (USD Million)
Table 104 South America: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 105 South America: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 106 Brazil: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 107 Brazil: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 108 Argentina: Acrylate Market Size, By Form, 2015–2022 (Kiloton)
Table 109 Argentina: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 110 Rest of South America: Acrylate Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 111 Rest of South America: Acrylate Market Size, By End-Use Industry, 2015–2022 (USD Million)


List of Figures (39 Figures)

Figure 1 Acrylate Market Segmentation
Figure 2 Acrylates Market: Research Methodology
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Acrylates Market: Data Triangulation
Figure 6 Butyl Acrylate to Dominate Acrylate Market Between 2017 and 2022
Figure 7 Paints & Coatings to Dominate Acrylate Market Between 2017 and 2022
Figure 8 Packaging End-Use Industry to Dominate Acrylate Market Between 2017 and 2022
Figure 9 Asia-Pacific Dominated Acrylate Market in 2016
Figure 10 China to Be Largest Market for Acrylate Market Between 2017 and 2022
Figure 11 Emerging Economics to Offer Lucrative Growth Potential for Market Players Between 2017 and 2022
Figure 12 Packaging to Be the Fastest-Growing End-Use Industry in Acrylate Market, 2017–2022
Figure 13 Paints & Coatings to Be the Largest Application in Acrylate Market
Figure 14 Asia-Pacific Accounted for Largest Share of the Acrylate Market
Figure 15 Butyl Acrylate to Account for the Largest Market Share, During Forecast Period
Figure 16 Overview of the Factors Governing Acrylate Market
Figure 17 Drivers, Restraints, Opportunities and Challenges
Figure 18 Porter’s Five Forces Analysis
Figure 19 World Textile Trade Data, 2005–2014
Figure 20 World Textile Exporters, 2015
Figure 21 Butyl Acrylates to Dominate the Acrylates Market During the Forecast Period
Figure 22 Paints & Coatings to Dominate the Acrylate Market During the Forecast Period
Figure 23 Packaging End-Use Industry to Dominate the Acrylate Market
Figure 24 China to Register Fastest Growth in Acrylate Market
Figure 25 Asia-Pacific to Be the Largest Market for Acrylate
Figure 26 China Dominates Asia-Pacific Acrylate Market
Figure 27 Germany Dominates Acrylate Market in Europe
Figure 28 Construction Sector Driving Acrylate Market in Middle East & Africa
Figure 29 Packaging Industry to Drive the Acrylate Market
Figure 30 Competitive Leadership Mapping, 2016
Figure 31 Acrylate Market Share Analysis, 2016
Figure 32 BASF: Company Snapshot
Figure 33 Arkema: Company Snapshot
Figure 34 The DOW Chemical: Company Snapshot
Figure 35 Evonik Industries: Company Snapshot
Figure 36 Nippon Shokubai Co., Ltd.: Company Snapshot
Figure 37 Sibur: Company Snapshot
Figure 38 LG Chem.: Company Snapshot
Figure 39 Sasol Limited: Company Snapshot

The acrylate market is projected to reach USD 9.88 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022. The acrylate market is expected to be driven owing to the high demand for acrylate in applications such as plastics, adhesives, and paints & coatings.

On the basis of chemistry, the acrylate market has been segmented into butyl acrylate, ethyl acrylate, methyl acrylate, and 2 ethyl hexyl acrylate. 2 ethyl hexyl acrylate is the fastest-growing type due to its superior properties and chemical structure. Butyl acrylate has the largest 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.

On the basis of application, the acrylate market has been segmented into paints & coatings, plastics, adhesives, fabrics, and other applications. Paints & coatings is expected to be the largest and fastest-growing application of acrylate during the forecast period. High potential in the construction sector due to changing lifestyles, infrastructural developments, and increasing disposable incomes, and increase in renovation & refurbishment activities has supported the paints & coatings market. Increase in sales of automotive have also provided growth potential for acrylate in automotive paints & coatings.

On the basis of end-use industry, the acrylate market has been classified into packaging, consumer goods, textiles, building & construction, automotive, and others. The packaging end-use industry is the largest and fastest-growing segment. 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.

Based on region, the acrylate market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific acrylate market is the largest and fastest- growing market, due to the growing populations and disposable incomes which are leading to the high growth of the packaging end-use industry. In addition, growing industrialization, urbanization, and booming residential construction have resulted in the growth of acrylate in the paints & coatings segment.

Acrylate Market

The key restraining factor in the acrylate market is the environmental and health hazards. Moreover, companies such as, 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) are expected to undertake initiatives to manufacture bio based acrylates that are compliant with environmental regulations.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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