The global market for Acrylic Esters is estimated at US$8.9 Billion in 2023 and is projected to reach US$13.0 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the acrylic esters market is driven by several factors. Advances in polymerization and production technologies are enhancing the quality and performance of acrylic esters, making them more competitive and expanding their application scope. The increasing demand from end-use industries such as construction, automotive, textiles, and packaging is propelling market growth, as these sectors rely on acrylic esters for their superior properties. For instance, the construction industry uses acrylic esters in paints, coatings, and adhesives due to their durability and resistance to weathering. Similarly, the automotive industry benefits from their use in high-performance coatings that protect vehicles from environmental damage. The shift towards environmentally friendly products is also boosting the market for waterborne and bio-based acrylic esters, as they comply with regulatory standards and meet consumer preferences for sustainable solutions. Additionally, rapid industrialization and urbanization in emerging economies are creating new opportunities for market expansion. Increased investments in infrastructure and manufacturing in regions such as Asia-Pacific and Latin America are driving demand for acrylic ester-based products. Furthermore, strategic collaborations and partnerships among key players in the chemical industry are fostering innovation and enabling the development of new applications and formulations. These collaborations are crucial for addressing the evolving needs of end-users and ensuring the continuous evolution and growth of the acrylic esters market.
The growth in the acrylic esters market is driven by several factors. Advances in polymerization and production technologies are enhancing the quality and performance of acrylic esters, making them more competitive and expanding their application scope. The increasing demand from end-use industries such as construction, automotive, textiles, and packaging is propelling market growth, as these sectors rely on acrylic esters for their superior properties. For instance, the construction industry uses acrylic esters in paints, coatings, and adhesives due to their durability and resistance to weathering. Similarly, the automotive industry benefits from their use in high-performance coatings that protect vehicles from environmental damage. The shift towards environmentally friendly products is also boosting the market for waterborne and bio-based acrylic esters, as they comply with regulatory standards and meet consumer preferences for sustainable solutions. Additionally, rapid industrialization and urbanization in emerging economies are creating new opportunities for market expansion. Increased investments in infrastructure and manufacturing in regions such as Asia-Pacific and Latin America are driving demand for acrylic ester-based products. Furthermore, strategic collaborations and partnerships among key players in the chemical industry are fostering innovation and enabling the development of new applications and formulations. These collaborations are crucial for addressing the evolving needs of end-users and ensuring the continuous evolution and growth of the acrylic esters market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Surface Coatings Application segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 6.6%. The Adhesives & Sealants Application segment is also set to grow at 4.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.4 Billion in 2023, and China, forecasted to grow at an impressive 9.3% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acrylic Esters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylic Esters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acrylic Esters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Arkema Group, BASF SE, Dow Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 11 Featured):
- Arkema Group
- BASF SE
- Dow Inc.
- Evonik Industries AG
- LG Chem
- Mitsubishi Chemical Holdings Corporation
- Nippon Shokubai Co., Ltd.
- Sasol Ltd.
- Sibur Holding PJSC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Arkema Group
- BASF SE
- Dow Inc.
- Evonik Industries AG
- LG Chem
- Mitsubishi Chemical Holdings Corporation
- Nippon Shokubai Co., Ltd.
- Sasol Ltd.
- Sibur Holding PJSC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 224 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 8.9 Billion |
Forecasted Market Value ( USD | $ 13 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |