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Acrylate Monomers Market by Type (Methyl Acrylate Monomers, Butyl Acrylate Monomers, Ethyl Acrylate Monomers, 2 Ethyl Hexyl Acrylate Monomers (2-EHA Monomers), Others), by Application (Adhesives & Sealants, Printing Inks, Paints & Coatings, Plastics, Others) by End-user (Automotive, Textiles, Construction, Oil and Gas, Others) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Acrylate Monomers Market Analysis

Polymer flooding is a technology for enhanced oil recovery from existing mature oilfields. Some of the existing commonly used water-soluble polymers, hydrolysed polyacrylamide, and poly acrylamide are not suitable for high temperature, high salinity, and high flow rate injection of these substances into the oil well. However, in recent decades, studies have demonstrated that acrylamide upon copolymerization with functional acrylate monomers, especially methyl acrylate, enhances physical properties such as temperature resistance and salt resistance of polymers used for flooding the reservoir. Though it’s in an experimental stage the results are quite promising and may find commercialization of acrylate monomers use in oil and gas industry.  

Acrylate Monomers Market

Acrylate monomers are derived from acrylic acid, which is derived from petrochemicals. Acrylate monomers are toxic and harmful if directly exposed to them. Recent technological advancements have enabled successful formulations of bio-based or plant-based acrylic monomers and polymers. These monomers have various potential commercial applications, similar to those of conventional acrylate monomers. They are anticipated to become alternative to the existing petrochemical-based acrylate monomers.

Growing at a moderate CAGR of around 7.23% post COVID 19, Acrylate Monomers market is expected to generate revenue of around USD 12,171.50 million by the end of 2027. The cumulative growth opportunity presented by the global Acrylate Monomers over the forecast period will be whopping USD 71,686.48 million.

Interesting Facts about Acrylate Monomers Industry

  • Acrylate Monomers are very important in order to lend desired properties in host of products across large number of end-user industries
  • Acrylate Monomers produce polymers with excellent physical and chemical properties such as hardness, strength and brittle
  • If not handled, stored and controlled, Acrylate Monomers exhibit self-polymerizing capabilities
  • Acrylate Monomers are produced commercially by treating acrylic acid with relevant alcohol in the presence of catalysts
  • Major raw materials used in production of Acrylate Monomers today are crude oil derived products

Manufacturers of acrylate monomers are focused on the production of acrylic products with inexpensive formulations. The market is price sensitive. Therefore, any formulation that helps in reduction of cost for acrylic acid or resins with high product performance is expected to create growth opportunities in the acrylate monomer market. Manufacturers are trying to develop acrylic resins in alliance with OEM manufacturers, designers, and merchandisers. Mergers and acquisitions and expansion in new geographies are estimated to be key market opportunities for the growth of acrylate monomer sector.

Broad Spectrum of Applications to be Major Growth Driving factor for Acrylate Monomers

Adhesives bind various materials to similar or different substrates. Application of adhesives and sealants are widespread in various industries such as paper and packaging, building and construction, transportation, consumer products, leather and footwear, and others. Adhesives and sealants, despite the environmental restrictions, have exhibited a positive growth trend, especially in the U.S. Due to the adhesives characteristics properties it is possible to make use of lighter material in auto manufacturing. According to the American Chemistry Council, the auto industry has been benefited by the increase in use of adhesives.

Acrylate monomers, especially butyl acrylate, 2- hydroxyethyl acrylate, acrylic acid, and 2- ethylhexyl acrylate are used for emulsion polymerization of pressure sensitive adhesives. Use of the acrylate monomers in adhesives enhance the physical and chemical properties of the adhesives. Experimental analysis has shown the positive effect of the usage of acrylate monomers in adhesive performance, especially in terms of its tackiness, peel strength, and shear strength. Specialty acrylate monomers and methacrylate are used in structural adhesives to enhance adhesion and cohesion to metal, increased bond strength, improved mechanical properties and toughness. Usage of basic acrylates or methacrylates in adhesives resins enhances adhesion to plastics.

Since acrylate monomers enhance the properties of different types of adhesives such as anaerobic adhesives, structural adhesives, and pressure sensitive additives, their use in formulation of adhesives and sealants is expected to drive the market for acrylate monomer in the near future.

Raw Materials Price Volatility to be major obstacle in growth of Acrylate Monomers industry

Raw materials such as coal, crude oil, natural gas, and cellulose are employed in the manufacture of raw materials of acrylate monomers. Acrylic acid serves as the starting point in acrylic chains. These products are petrochemical derivatives. Therefore, they are subject to the volatility in prices and supply of crude oil. Constant variation in prices of crude oil puts extra pressure on the manufacturers of acrylic products, as it escalates the cost of products. These additional costs are reflected in the final price of products. However, manufacturers refrain from increasing prices of their products fearing loss of market share.

Fluctuation in prices of crude oil has a cascading effect on downstream activities. This affects the prices of acrylate monomer products. Thus, volatility in prices of raw materials and competing uses of raw materials are anticipated to hamper the acrylate monomer market during the forecast period. Typically, crude oil is used to meet feedstock requirement. This makes the acrylic acid used in the acrylate monomers vulnerable to fluctuation in prices of oil and gas.

Volatile and unstable global markets have widespread implications on the manufacturing companies. Rise in costs of energy and unexpected fluctuations in prices of raw materials along with associated obstacles destabilize supply chains and make it difficult for manufacturers to stay focused.

Frequently asked questions about global Acrylate Monomers industry

COVID 19 has brought down construction and automotive industry in 2020 with almost over 20% decline compared to previous year. This in turn resulted into decline of over 13.47% in demand for Acrylate Monomers. However, demand is likely to restore in 2021 with revival in construction and automotive industry

Asia Pacific is the largest regional market with highest share in the total volume of Acrylate Monomers consumed in 2020

Constant ups and down in raw materials prices and environmental concern associated with the raw materials is likely to be remain major factor hindering the growth of Acrylate Monomers industry

Paints & coatings segments dominated the consumption of Acrylate Monomers

Construction and automotive segments dominated the consumption of Acrylate Monomers

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Published Date:  Nov 2021
Category:  Chemicals
Report ID:   60438
Report Format:   PDF
Pages:   120
Rating:    4.4 (57)
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