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Global Butyl Acrylate Market Report By Purity (High Purity, Common Purity), By Application (Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Plastic Additives, Textiles, Others (Paper & Pulp, Leather Processing, etc.) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214010
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Butyl Acrylate Market Overview
The key driver impacting the butyl acrylate market is the rapidly growing usage across paints, surface coatings, adhesives & sealants in the construction and automotive industries. For instance, As per the Oxford economics, Global Construction 2030 report, it is estimated that the total volume of construction output will increase by 85% to $15.5 trillion globally by 2030. The growth is majorly driven by three countries China, the US, and India, and these countries are responsible for 57% of all global growth. Moreover, the massive demand for adhesives and carpet backing compounds from the construction & automotive sectors is also estimated to be a prominent determinant that adds a boost to the market. Whereas with regards to volume,the market was calculated XX Metric Kilo Tons in 2019 and foreseen to grow with a CAGR of XX% during 2020-2026.
The rapidly growing automotive industry and escalating industrialization in all emerging countries are likely to enhance market demand in the forecast period. Butyl acrylate is majorly utilized in formulating water-based acrylic emulsions for industrial coatings and adhesives majorly used in automobiles. For instance, According to the Crescendo Worldwide Organization, automobile production in 2019 globally was estimated as 92 MN Vehicles, and it is expected to grow by a CAGR of 20.78% by 2028. However, the high cost of butyl acrylate may hamper the global butyl acrylate industry in the long run. Also, strict government rules and guidelines for the production and disposal of butyl acrylate is negatively impacting the market.
The current industry trends, such as rising urbanization together with growing demand from the textile, paints, and coatings industry, are expected to provide beneficial market opportunities for the key market players in the coming years.
The butyl acrylate market is vast, with a large number of local and global players. The key leaders follow many strategies to boost their market position, such as extending product portfolio, acquisitions, expansions, mergers, and product innovations to make more substantial their market share at the global scale. For instance, In January 2019, Adani Group and BASF SE and Adani Group have signed a memorandum of understanding (MoU) to assess joint investment in the acrylics value chain. The main objective of this mutual agreement is to extend its product portfolio together with expanding its chemicals production. The important players included in the report are ARKEMA S.A., BASF S.E, NIPPON SHOKUBAI CO., LTD, DOWDUPON INC., SunVic Chemical Holdings Corporation, LG CHEM LTD., TAOGOSEI CO., LTD., Mitsubishi Chemical Corporation, and DOWDUPON INC.
In this research report, the butyl acrylate market is segmented by purity, applications, and region.
Analysis by Purity:
By purity, the report is categorized into high purity and common purity. The common purity dominates the purity segment in 2019 with a maximum market share of 50%. It is due to the expanding demand for butyl acrylate from paints, inks, and adhesives manufacturing industries. Moreover, there is a rising utilization of common butyl acrylate for cleaning products, amphoteric surfactants, antioxidant agents, aqueous resins, and dispersions for papers and textiles is expected to create more demand in the coming year.
Analysis by Applications:
By applications, the report is categorized into paints & coatings, adhesives & sealants, chemical synthesis, plastic additives, textiles, and others (paper & pulp, leather processing, etc.).The paints and coatings dominate the application segment in 2019 with a maximum market share of 30%. It is due to the rising demand for butyl acrylate monomers, which are majorly used in preparing water-based acrylic emulsions for industrial and architectural coatings. Moreover, the rapidly growing construction sector leads to more demand for paints and coatings, thus, contributing to the growth of the paints and coatings segment in the forecast period.
Analysis by Region:
In the regional outlook of the global butyl acrylate market, the Asia Pacific region dominates with a maximum market share of 50% in 2019. The Asia Pacific region is majorly driven by China is followed by India and Japan. It is due to the increase in automotive car production and expansion of the construction sector. Moreover, the rapidly growing urbanization and industrialization lead to GDP growth across developing nations like India and China, thus contributing to the butyl acrylate market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Purity
The key driver impacting the butyl acrylate market is the rapidly growing usage across paints, surface coatings, adhesives & sealants in the construction and automotive industries. For instance, As per the Oxford economics, Global Construction 2030 report, it is estimated that the total volume of construction output will increase by 85% to $15.5 trillion globally by 2030. The growth is majorly driven by three countries China, the US, and India, and these countries are responsible for 57% of all global growth. Moreover, the massive demand for adhesives and carpet backing compounds from the construction & automotive sectors is also estimated to be a prominent determinant that adds a boost to the market. Whereas with regards to volume,the market was calculated XX Metric Kilo Tons in 2019 and foreseen to grow with a CAGR of XX% during 2020-2026.
According to Value Market Research, the global butyl acrylate market was valued at around USD 60 million in 2019 and is estimated to grow at a CAGR of about 29.6% during the forecast period of 2020-2026.
The rapidly growing automotive industry and escalating industrialization in all emerging countries are likely to enhance market demand in the forecast period. Butyl acrylate is majorly utilized in formulating water-based acrylic emulsions for industrial coatings and adhesives majorly used in automobiles. For instance, According to the Crescendo Worldwide Organization, automobile production in 2019 globally was estimated as 92 MN Vehicles, and it is expected to grow by a CAGR of 20.78% by 2028. However, the high cost of butyl acrylate may hamper the global butyl acrylate industry in the long run. Also, strict government rules and guidelines for the production and disposal of butyl acrylate is negatively impacting the market.
The current industry trends, such as rising urbanization together with growing demand from the textile, paints, and coatings industry, are expected to provide beneficial market opportunities for the key market players in the coming years.
The butyl acrylate market is vast, with a large number of local and global players. The key leaders follow many strategies to boost their market position, such as extending product portfolio, acquisitions, expansions, mergers, and product innovations to make more substantial their market share at the global scale. For instance, In January 2019, Adani Group and BASF SE and Adani Group have signed a memorandum of understanding (MoU) to assess joint investment in the acrylics value chain. The main objective of this mutual agreement is to extend its product portfolio together with expanding its chemicals production. The important players included in the report are ARKEMA S.A., BASF S.E, NIPPON SHOKUBAI CO., LTD, DOWDUPON INC., SunVic Chemical Holdings Corporation, LG CHEM LTD., TAOGOSEI CO., LTD., Mitsubishi Chemical Corporation, and DOWDUPON INC.
In this research report, the butyl acrylate market is segmented by purity, applications, and region.
Analysis by Purity:
By purity, the report is categorized into high purity and common purity. The common purity dominates the purity segment in 2019 with a maximum market share of 50%. It is due to the expanding demand for butyl acrylate from paints, inks, and adhesives manufacturing industries. Moreover, there is a rising utilization of common butyl acrylate for cleaning products, amphoteric surfactants, antioxidant agents, aqueous resins, and dispersions for papers and textiles is expected to create more demand in the coming year.
Analysis by Applications:
By applications, the report is categorized into paints & coatings, adhesives & sealants, chemical synthesis, plastic additives, textiles, and others (paper & pulp, leather processing, etc.).The paints and coatings dominate the application segment in 2019 with a maximum market share of 30%. It is due to the rising demand for butyl acrylate monomers, which are majorly used in preparing water-based acrylic emulsions for industrial and architectural coatings. Moreover, the rapidly growing construction sector leads to more demand for paints and coatings, thus, contributing to the growth of the paints and coatings segment in the forecast period.
Analysis by Region:
In the regional outlook of the global butyl acrylate market, the Asia Pacific region dominates with a maximum market share of 50% in 2019. The Asia Pacific region is majorly driven by China is followed by India and Japan. It is due to the increase in automotive car production and expansion of the construction sector. Moreover, the rapidly growing urbanization and industrialization lead to GDP growth across developing nations like India and China, thus contributing to the butyl acrylate market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Purity
- High Purity
- Common Purity
- Paints & Coatings
- Adhesives & Sealants
- Chemical Synthesis
- Plastic Additives
- Textiles
- Others (Paper & Pulp, Leather Processing, etc.)
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . BUTYL ACRYLATE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Purity
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL BUTYL ACRYLATE MARKET ANALYSIS BY PURITY
6.1 Overview by Purity
6.2 Historical and Forecast Data
6.3 Analysis by Purity
6.4 High Purity Market by Regions
6.5 Common Purity Market by Regions
7 . GLOBAL BUTYL ACRYLATE MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Paints & Coatings Market by Regions
7.5 Adhesives & Sealants Market by Regions
7.6 Chemical Synthesis Market by Regions
7.7 Plastic Additives Market by Regions
7.8 Textiles Market by Regions
7.9 Others (Paper & Pulp, Leather Processing, etc.) Market by Regions
8 . GLOBAL BUTYL ACRYLATE MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE BUTYL ACRYLATE COMPANIES
9.1. Butyl Acrylate Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF BUTYL ACRYLATE INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. ARKEMA S.A.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. BASF S.E
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. NIPPON SHOKUBAI CO.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. LTD, DOWDUPON INC.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. SunVic Chemical Holdings Corporation
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. LG CHEM LTD.
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. TAOGOSEI CO., LTD.
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Mitsubishi Chemical Corporation
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. DOWDUPON INC.
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Purity (Kilo Tons and USD MN)
- High Purity Market by Geography (Kilo Tons and USD MN)
- Common Purity Market by Geography (Kilo Tons and USD MN)
- Analysis Market by Application (Kilo Tons and USD MN)
- Paints & Coatings Market by Geography (Kilo Tons and USD MN)
- Adhesives & Sealants Market by Geography (Kilo Tons and USD MN)
- Chemical Synthesis Market by Geography (Kilo Tons and USD MN)
- Plastic Additives Market by Geography (Kilo Tons and USD MN)
- Textiles Market by Geography (Kilo Tons and USD MN)
- Others (Paper & Pulp, Leather Processing, etc.) Market by Geography (Kilo Tons and USD MN)
- Global Butyl Acrylate Market by Geography (Kilo Tons and USD MN)
- North America Market Analysis (Kilo Tons and USD MN)
- United State Market Analysis (Kilo Tons and USD MN)
- Canada Market Analysis (Kilo Tons and USD MN)
- Mexico Market Analysis (Kilo Tons and USD MN)
- Europe Market Analysis (Kilo Tons and USD MN)
- Europe Market Estimate by Country (Kilo Tons and USD MN)
- United Kingdom Market Analysis (Kilo Tons and USD MN)
- France Market Analysis (Kilo Tons and USD MN)
- Germany Market Analysis (Kilo Tons and USD MN)
- Italy Market Analysis (Kilo Tons and USD MN)
- Russia Market Analysis (Kilo Tons and USD MN)
- Spain Market Analysis (Kilo Tons and USD MN)
- Rest of Europe Market Analysis (Kilo Tons and USD MN)
- Asia Pacific Market Analysis (Kilo Tons and USD MN)
- China Market Analysis (Kilo Tons and USD MN)
- Japan Market Analysis (Kilo Tons and USD MN)
- India Market Analysis (Kilo Tons and USD MN)
- South Korea Market Analysis (Kilo Tons and USD MN)
- Australia Market Analysis (Kilo Tons and USD MN)
- Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
- Latin America Market Analysis (Kilo Tons and USD MN)
- Brazil Market Analysis (Kilo Tons and USD MN)
- Argentina Market Analysis (Kilo Tons and USD MN)
- Peru Market Analysis (Kilo Tons and USD MN)
- Chile Market Analysis (Kilo Tons and USD MN)
- Rest of Latin America Market Analysis (Kilo Tons and USD MN)
- Middle East & Africa Market Analysis (Kilo Tons and USD MN)
- Saudi Arabia Market Analysis (Kilo Tons and USD MN)
- UAE Market Analysis (Kilo Tons and USD MN)
- Israel Market Analysis (Kilo Tons and USD MN)
- South Africa Market Analysis (Kilo Tons and USD MN)
- Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Butyl Acrylate Report
- Market Research Process
- Market Research Methodology
- Global Butyl Acrylate Market Size, by Region (Kilo Tons and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Purity
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Purity (Kilo Tons and USD MN)
- High Purity Market by Geography (Kilo Tons and USD MN)
- Common Purity Market by Geography (Kilo Tons and USD MN)
- Global Market Analysis by Application (Kilo Tons and USD MN)
- Paints & Coatings Market by Geography (Kilo Tons and USD MN)
- Adhesives & Sealants Market by Geography (Kilo Tons and USD MN)
- Chemical Synthesis Market by Geography (Kilo Tons and USD MN)
- Plastic Additives Market by Geography (Kilo Tons and USD MN)
- Textiles Market by Geography (Kilo Tons and USD MN)
- Others (Paper & Pulp, Leather Processing, etc.) Market by Geography (Kilo Tons and USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above list covers the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments