The acrylic acids esters market is projected to grow from USD 10,981 million in 2024 to USD 17,767.9 million by 2032, expanding at a CAGR of 6.2%.
REPORT ATTRIBUTE
DETAILS
Historical Period
2020-2024
Base Year
2024
Forecast Period
2025-2032
Acrylic Acids Esters Market Size 2024
USD 10,981 Million
Acrylic Acids Esters Market, CAGR
6.2%
Acrylic Acids Esters Market Size 2032
USD 17,767.9 Million
The acrylic acids esters market grows driven by rising demand in adhesives, coatings, and paints across construction and automotive sectors. Increasing industrialization and urbanization fuel the need for high-performance, durable materials, boosting ester consumption. Manufacturers focus on developing eco-friendly and low-VOC formulations to comply with stringent environmental regulations. Technological advancements in polymerization techniques enhance product efficiency and versatility. Growing use in personal care and textile industries further supports market expansion. These factors collectively accelerate innovation and adoption of acrylic acid esters, positioning the market for sustained growth throughout the forecast period.
The acrylic acids esters market spans key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific leads with the largest market share due to rapid industrialization and urbanization. North America and Europe follow, driven by advanced industries and stringent environmental regulations. Latin America and the Middle East & Africa show steady growth supported by expanding construction and automotive sectors. Key players such as BASF SE, Arkema Group, The Dow Chemical Company, Nippon Shokubai, and LG Chem actively compete across these regions, focusing on innovation and sustainability to capture market opportunities.
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The acrylic acids esters market is projected to grow from USD 10,981 million in 2024 to USD 17,767.9 million by 2032, expanding at a CAGR of 6.2%.
Rising demand in adhesives, coatings, and paints within construction and automotive sectors fuels market growth by boosting the need for durable, high-performance materials.
Manufacturers prioritize eco-friendly and low-VOC formulations to comply with stringent environmental regulations, accelerating adoption across industries.
Technological advancements in polymerization enhance product efficiency and versatility, enabling customized solutions for textiles, personal care, and other applications.
Asia Pacific leads with 35% market share due to rapid industrialization and urbanization, followed by North America (28%) and Europe (25%) driven by advanced industries and regulatory frameworks.
The market faces challenges from raw material price volatility and supply chain disruptions, impacting production planning and cost structures.
Increasing regulatory compliance pressures companies to invest in sustainable production processes, balancing environmental concerns with cost efficiency to maintain competitiveness.
Market Drivers
Rising Demand in Adhesives and Coatings Industries
The acrylic acids esters market benefits from growing consumption in adhesives, paints, and coatings, particularly in construction and automotive sectors. These esters enhance product durability, flexibility, and resistance to weathering, making them ideal for protective coatings. Urbanization and infrastructure development increase demand for advanced materials with superior performance. It also supports manufacturers in producing eco-friendly, low-VOC formulations that comply with environmental standards. The trend towards high-performance adhesives fuels consistent market growth.
For instance, BASF uses acrylic esters to formulate protective industrial and marine coatings that offer enhanced UV resistance and durability, which significantly extend the lifespan of treated surfaces.
Innovation in polymerization and esterification processes improves the quality and versatility of acrylic acid esters. The market leverages advancements to develop specialized esters with enhanced properties such as faster curing times and better adhesion. These improvements reduce production costs and expand application areas, including textiles and personal care products. It enables manufacturers to meet specific customer requirements and regulatory demands. Enhanced product efficiency accelerates adoption across diverse end-use industries.
For instance, Eastman Chemicals utilizes reactive distillation processes allowing simultaneous reaction and separation, boosting efficiency and lowering costs in producing methyl and ethyl acrylates.
Growing Environmental Regulations and Sustainability Focus
Stringent environmental regulations push manufacturers to adopt sustainable practices in acrylic acids esters production. It drives the shift towards low-VOC and bio-based esters that reduce ecological impact while maintaining product performance. Companies invest in green chemistry and cleaner production technologies to minimize hazardous emissions. Consumer preference for environmentally responsible products further accelerates market adoption. This regulatory pressure ensures continuous innovation focused on sustainability throughout the market.
Expanding Applications Across End-Use Industries
The acrylic acids esters market expands its footprint in diverse industries such as textiles, personal care, and packaging. These esters improve flexibility, clarity, and durability in products ranging from coatings to cosmetics. Rising disposable incomes and urban lifestyles increase demand for high-quality consumer goods that rely on acrylic esters. It supports manufacturers in exploring new application segments and customizing products accordingly. The broadening application scope ensures long-term market growth and resilience.
Market Trends
Increasing Adoption of Sustainable and Bio-Based Esters
The acrylic acids esters market witnesses a significant shift toward sustainable and bio-based alternatives. Manufacturers respond to environmental concerns and regulatory pressures by developing esters derived from renewable resources. These eco-friendly esters reduce carbon footprint while maintaining performance standards across applications. It encourages innovation in green chemistry and expands the product portfolio. Growing consumer awareness about sustainability drives demand for such products in coatings, adhesives, and personal care sectors. This trend strengthens the market’s alignment with global environmental goals.
For instance, BASF has introduced bio-based esters derived from vegetable oils that serve as effective, biodegradable solvents in coatings and adhesives, reducing environmental impact without sacrificing performance.
Integration of Advanced Polymerization Technologies
The market leverages advanced polymerization techniques to enhance product quality and tailor acrylic acids esters for specific applications. Improved control over molecular weight distribution and polymer architecture optimizes performance parameters such as adhesion, flexibility, and durability. It enables producers to offer customized solutions for diverse industries including automotive, construction, and textiles. The use of cutting-edge catalysts and reactors reduces production time and costs. Continuous technological upgrades position the market for increased efficiency and broader application potential.
For instance, Arkema has developed tailored polymerization processes that allow customization of acrylic esters for high-performance textile finishes, increasing durability without compromising fabric feel.
Expansion of Applications in Personal Care and Textiles
The acrylic acids esters market expands its presence in the personal care and textile industries, driven by demand for high-performance, safe ingredients. It provides flexibility, gloss, and water resistance in cosmetic formulations and fabric finishes. Rising consumer focus on product aesthetics and durability supports ester adoption in shampoos, lotions, and apparel coatings. Manufacturers tailor esters to meet regulatory standards and enhance sensory properties. The broadening application scope diversifies revenue streams and strengthens market resilience.
Growing Demand for Low-VOC and High-Performance Products
Regulatory mandates and consumer preferences drive the acrylic acids esters market toward low-VOC formulations without compromising product performance. It fosters innovation in solvent-free and waterborne esters that reduce environmental impact. These high-performance esters offer superior adhesion, weather resistance, and durability, meeting industry standards. Adoption in architectural coatings, automotive finishes, and industrial adhesives accelerates market growth. The focus on environmentally compliant products positions the market for sustainable long-term expansion.
Market Challenges Analysis
Volatility in Raw Material Prices and Supply Chain Disruptions
The acrylic acids esters market faces challenges due to fluctuations in raw material prices, particularly acrylic acid and alcohol derivatives. Supply chain disruptions caused by geopolitical tensions, natural disasters, or logistical constraints further exacerbate cost instability. It impacts manufacturers’ production planning and profit margins, leading to price volatility in finished products. Limited availability of high-quality raw materials forces companies to seek alternative sources, increasing operational complexity. Managing these uncertainties requires strategic procurement and inventory management to maintain market competitiveness.
Stringent Regulatory Compliance and Environmental Concerns
Regulatory frameworks impose strict limits on emissions, volatile organic compounds (VOCs), and hazardous substances in acrylic acids esters production. It compels manufacturers to invest heavily in process modifications and pollution control technologies, increasing operational costs. Compliance with varying regional regulations complicates global market operations, affecting product formulation and approval timelines. Environmental concerns over chemical waste and toxicity raise public scrutiny, influencing market acceptance. Companies must balance regulatory demands with cost efficiency to sustain growth and reputation.
Market Opportunities
Emerging Demand in High-Growth End-Use Industries
The acrylic acids esters market benefits from expanding applications in rapidly growing sectors such as automotive, construction, and personal care. It offers opportunities to develop specialized esters that enhance product performance, including improved durability, flexibility, and aesthetic appeal. Rising urbanization and infrastructure development fuel demand for advanced coatings and adhesives. Increasing consumer awareness of product quality and safety drives adoption in cosmetics and textiles. Targeting these high-growth segments allows manufacturers to diversify their portfolios and capture new revenue streams.
Advancements in Sustainable and Green Chemistry Solutions
Growing environmental concerns create opportunities for the acrylic acids esters market to innovate in bio-based and low-VOC ester formulations. It encourages manufacturers to invest in green chemistry technologies that reduce environmental impact while meeting regulatory standards. Development of renewable raw material sources opens pathways to differentiate products and gain competitive advantage. Collaborations with research institutions and sustainable material suppliers support these initiatives. Embracing sustainability enhances brand reputation and meets increasing consumer demand for eco-friendly products, driving long-term market growth.
Market Segmentation Analysis:
By Product Type
The acrylic acids esters market segments into key product types including acrylic acid, methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethylhexyl acrylate, and others. Each product serves distinct functions across applications, with butyl acrylate and 2-ethylhexyl acrylate commanding significant demand due to their flexibility and weather resistance properties. It supports manufacturers in tailoring formulations for coatings, adhesives, and plastics. Methyl and ethyl acrylates find extensive use in polymer production, enhancing mechanical and chemical properties. Diversification of product types enables the market to meet varied industry requirements.
For instance, Mitsubishi Chemical Corporation, which uses butyl acrylate as a crucial raw material in adhesives, coatings, and acrylic rubber, emphasizing its versatility in fiber processing and plastics.
By Application
Applications such as adhesives & sealants, paints & coatings, plastics, textiles, surfactants, and others drive the acrylic acids esters market’s growth. It fuels innovation in adhesives and coatings by improving adhesion, durability, and resistance to environmental factors. Plastics and textile industries benefit from esters that enhance flexibility, clarity, and water repellence. Surfactants leverage acrylic esters to improve performance in detergents and personal care products. Expanding application areas provide opportunities for customized ester solutions and market expansion.
For instance, Arkema produces a broad range of acrylic esters used in adhesives and coatings, focusing on innovations for enhanced durability and environmental resistance.
By End-User Industry
Construction, automotive, packaging, consumer goods, and other industries represent major end users in the acrylic acids esters market. It supports the construction sector with high-performance coatings and sealants that improve durability and weather resistance. Automotive manufacturers rely on esters for lightweight coatings and adhesives that enhance fuel efficiency. Packaging benefits from acrylic esters that offer clarity and barrier properties. Consumer goods industries use these esters to improve product aesthetics and functionality. The wide end-user base sustains steady demand and diversified growth opportunities.
Segments:
Based on Product Type
Acrylic Acid
Methyl Acrylate
Ethyl Acrylate
Butyl Acrylate
2-Ethylhexyl Acrylate
Others
Based on Application
Adhesives & Sealants
Paints & Coatings
Plastics
Textiles
Surfactants
Others
Based on End-User Industry
Construction
Automotive
Packaging
Consumer Goods
Others
Based on the Geography:
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Regional Analysis
North America
North America holds a 28% share of the acrylic acids esters market, driven by strong industrial growth and technological innovation. It benefits from established automotive, construction, and personal care industries demanding high-performance esters. Manufacturers focus on developing eco-friendly and low-VOC products to comply with stringent environmental regulations. The presence of major chemical producers and advanced research facilities supports product development and customization. Growing consumer awareness about sustainability further accelerates market adoption. It maintains leadership through continuous innovation and strategic investments.
Europe
Europe commands a 25% share of the acrylic acids esters market, supported by stringent regulatory frameworks and sustainability initiatives. It leads in adopting bio-based and green esters to reduce environmental impact across applications such as coatings, adhesives, and textiles. The region’s construction and automotive sectors actively integrate advanced materials to meet performance and environmental standards. It fosters collaborations between industry and research organizations to drive innovation. Strong demand for sustainable personal care and packaging products also fuels market growth. Europe remains a key hub for regulatory-driven product development.
Asia Pacific
Asia Pacific captures the largest share at 35% of the acrylic acids esters market, fueled by rapid urbanization, industrialization, and rising disposable incomes. It witnesses expanding applications in construction, automotive, textiles, and consumer goods sectors. China, India, and Southeast Asian countries drive demand through infrastructure development and growing manufacturing bases. It attracts investments from global and local manufacturers to establish production facilities and R&D centers. The focus on affordable yet high-quality products supports market expansion. Emerging environmental regulations encourage sustainable product innovation across the region.
Latin America and Middle East & Africa
Latin America and Middle East & Africa collectively hold a 12% share of the acrylic acids esters market, driven by growing construction and automotive industries. It benefits from increasing investments in infrastructure and consumer goods manufacturing. The regions face challenges from fluctuating raw material prices but focus on leveraging local resources and partnerships. Demand for sustainable products grows steadily, promoting adoption of low-VOC and bio-based esters. Market participants prioritize expanding distribution networks and enhancing product portfolios to capture emerging opportunities. These regions present moderate yet promising growth potential.
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The acrylic acids esters market features strong competition among global chemical manufacturers focused on innovation, quality, and sustainability. Leading players such as BASF SE, Arkema Group, and The Dow Chemical Company invest heavily in research and development to enhance product performance and develop eco-friendly formulations. It drives market growth by introducing bio-based and low-VOC esters that meet evolving regulatory standards. Regional players like Shenyang Chemical and Jiangsu Jurong Chemical strengthen their presence through localized production and cost advantages. The market’s competitive landscape emphasizes strategic partnerships, capacity expansions, and technology upgrades. It compels companies to optimize supply chains and improve customer service to maintain market share. Continuous innovation and responsiveness to environmental demands remain critical for success in this dynamic market.
Recent Developments
On March 21, 2024, SIBUR acquired JSC Acrylate, the only CIS-based producer of acrylic acid and its esters, from ATEK Group. This acquisition strengthens SIBUR’s position in the acrylic acid esters market in Russia and the CIS region.
In July 2025, BASF achieved mechanical completion of its acrylics complex at the Zhanjiang Verbund site in China.
In January 2024, Arkema obtained ISCC+ certification for its acrylic acid and ester production facility in Taixing, Jiangsu Province, China. This milestone underscores Arkema’s commitment to sustainable practices in its acrylics production chain.
In June 2025, Dow announced the sale of its 50% stake in DowAksa Advanced Composites Holdings BV to its joint venture partner, Aksa Akrilik Kimya Sanayii A.Ş. The transaction, valued at $125 million, reflects Dow’s strategic focus on core business areas.
Market Concentration & Characteristics
The acrylic acids esters market exhibits a moderately concentrated competitive landscape dominated by a few global chemical manufacturers such as BASF SE, Arkema Group, and The Dow Chemical Company. It benefits from the presence of established players investing heavily in research, innovation, and sustainable product development to maintain market leadership. Regional producers contribute to market diversity by focusing on localized production and cost-effective solutions. The market’s characteristics include continuous technological advancements that improve product performance and expand application areas across adhesives, coatings, textiles, and personal care industries. It faces pressures from stringent environmental regulations, prompting companies to develop low-VOC and bio-based esters. Supply chain complexities and raw material price volatility further shape market dynamics. The interplay between global players’ scale advantages and regional firms’ agility defines the market structure, fostering innovation while maintaining competitive pricing and customer responsiveness.
Report Coverage
The research report offers an in-depth analysis based on Product Type, Application, End-User Industry and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
The acrylic acids esters market will expand due to increased demand in construction and automotive sectors.
Manufacturers will focus more on developing sustainable and bio-based ester products.
Technological innovations will improve product performance and broaden application areas.
Regulatory pressures will drive adoption of low-VOC and eco-friendly formulations.
Asia Pacific will continue to lead growth driven by rapid urbanization and industrialization.
North America and Europe will emphasize green chemistry and regulatory compliance.
Personal care and textile industries will present new growth opportunities.
Supply chain resilience will become a critical focus for market players.
Strategic partnerships and capacity expansions will intensify competition.
Customization and innovation will remain key factors for market success.
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Q: What is the current size of the acrylic acids esters market?
The acrylic acids esters market is valued at USD 10,981 million in 2024 and is expected to grow significantly by 2032, reflecting strong demand globally.
What factors are driving the growth of the acrylic acids esters market?
Rising demand in adhesives, coatings, and paints across construction and automotive sectors, plus focus on eco-friendly, low-VOC formulations and technological advancements, drive market growth.
What are the key segments within the acrylic acids esters market?
Key segments include product types like butyl acrylate and methyl acrylate, applications in adhesives, coatings, textiles, and end-user industries such as construction and automotive.
What are some challenges faced by the acrylic acids esters market?
Raw material price volatility, supply chain disruptions, and stringent regulatory compliance increase production costs and complicate product formulation and market operations globally.
Who are the major players in the acrylic acids esters market?
Major players include BASF SE, Arkema Group, The Dow Chemical Company, Nippon Shokubai, LG Chem, Mitsubishi Chemical Corporation, and Evonik Industries, among others.
About Author
Shweta Bisht
Healthcare & Biotech Analyst
Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.
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