"Growing application of butyl acrylate is likely to propel the market in upcoming years."
The global acrylate market is segmented by product types into butyl acrylate, ethyl acrylate, methyl acrylate, and 2- ethyl hexyl acrylate. Butyl acrylate is widely used in the production of acrylic polymers, paints, inks, polyethylene, textiles, adhesives, and papers. Adhesives, coatings, and textiles are the major contributor to the growing demand for butyl acrylate across the globe.
"Paints & Coatings industry expected to register highest CAGR in upcoming years."
The global acrylate market is segmented on application into adhesives & sealants, paints & coatings, plastic additives, chemical synthesis, textiles, and others (leather processing, paper & pulp, etc.).
The packaging end-use industry dominated the global acrylates market in 2017
For the purpose of the study, the global acrylates market is segmented into packaging, consumer goods, building & construction, automotive, and others. Among the considered segments, packaging dominated the market in terms of revenue contribution, followed by chemical synthesis and plastic additives. In addition, the packaging segment is expected to record a significant CAGR during the forecast period.
"Asia Pacific dominated the global acrylate market and is expected to maintain its pole position in upcoming years."
In the base year 2017, Asia Pacific was observed as the largest market for Acrylate. In 2017, the total market for the Asia Pacific was more than 30% and was expected to maintain its dominance in the forecast period from 2018 to 2026. Furthermore, owing to the presence of developing countries such as China & India, the Asia Pacific is expected to register the highest growth rate as compared to other regions.
"Highly fragmented market owing to the presence of various large and small scale companies."
The global acrylate market is highly fragmented owing to the presence of various large and small companies. Arkema, BASF SE, Evonik Industries, Formosa Petrochemical Corporation, LG Chem, Mitsubishi Chemical Corporation, Nippon Shokubai Co. Ltd., SASOL Ltd., SIBUR, and The Dow Chemical Company are a few key players operating in the global acrylate market.
Market Synopsis
Historical & Forecast Period
Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period between 2018 and 2026is considered for the CAGR calculation.
Report Scope
The report enlightens the thorough outline of the global acrylate market by categorizing the market into different segment given below:
Segmentation By Product Type Segment (2016-2026; US$ Mn)
• Butyl Acrylate
• Ethyl Acrylate
• Methyl Acrylate
• 2- Ethyl Hexyl Acrylate
By Application Segment (2016-2026; US$ Mn)
• Paints & Coatings
• Adhesives & Sealants
• Chemical Synthesis
• Plastic Additives
• Textiles
• Others (Paper & Pulp, Leather Processing, etc.)
By End-Use Segment (2016-2026; US$ Mn)
• Packaging
• Consumer Goods
• Building & Construction
• Automotive
• Others
Geography Segment (2016–2026; US$ Mn)
• North America (the United States and Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (China, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (GCC, Rest of MEA)
This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global acrylate market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.
Frequently asked questions :
The market for Acrylates Market is expected to reach US$ XX Bn by 2026.
The Acrylates Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2021.
Competitive Landscape, ArkemaJBASF SE, Evonik Industries, Formosa Petrochemical Corporation, LG Chem are some of the major players in the global market.
