The global demand for Acrylate Market is presumed to reach the market size of nearly USD 17.64 BN by 2030 from USD 9.95 BN in 2022 with a CAGR of 7.42% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Ton in 2022 and forecast to touch XX Kilo Ton by 2030 with a CAGR of XX% during 2023-2030.
Acrylate refers to a group of chemical compounds that contain the acrylate functional group (-COO-). These compounds are derived from acrylic acid or methacrylic acid and are commonly used in various industrial and commercial applications. These are known for their versatility, as they can be easily polymerized to form acrylic polymers or copolymers, which have a wide range of properties and applications.
Market Dynamics
The acrylate market is driven by various factors that contribute to its growth and demand. The construction industry plays a significant role as these compounds are widely used in adhesives, sealants, and coatings, which are essential in construction activities. The acrylate market is experiencing significant growth due to increasing demand for paints and coatings across industries such as automotive, aerospace, and furniture. This surge in demand is driven by the need for high-quality and durable finishes in these sectors. Additionally, the textile and fibre industry utilizes them for fabric coatings and sizing agents, contributing to market growth. The packaging industry's expansion, particularly in the food and beverage sector, fuels the demand for acrylate-based adhesives and coatings. The medical and dental applications, including dental adhesives and denture materials, are driven by advancements in healthcare and dental technology. Technological advancements in acrylate production processes and formulations, along with environmental regulations promoting sustainable solutions, are additional factors driving market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of acrylate. The growth and trends of Acrylate Industry provide a holistic approach to this study.
Market Segmentation
This section of the acrylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Chemistry
- Butyl Acrylate
- Ethyl Acrylate
- 2-Ethyl Hexyl Acrylate
- Methyl Acrylate
- Other Chemistries
By Application
- Paints, Coatings, & Printing Inks
- Plastics
- Adhesives & Sealants
- Fabrics
- Other Applications
By End-Use Industry
- Building & Construction
- Packaging
- Consumer Goods
- Automotive
- Textiles
- Bio-Medical
- Cosmetic & Personal Care
- Other End-Use Industries
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Acrylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Acrylate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the acrylate market include Arkema S.A. (France), BASF SE (Germany), Dow Inc. (US). Nippon Shokubal Co., Ltd. (Japan), Evonik (Germany), LG Chem (South Korea), Mitsubishi Chemical Group Corporation (Japan), Sasol (South Africa), Sibur (Russia), Wannua Chemical Group Co. Ltd. (China). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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