Acrylates Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Industry Outlook

Growing application of butyl acrylate is likely to propel the market in upcoming years

The global acrylate market is segmented based on 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, adhesive and papers. Adhesives, coatings and textile are the major contributor for the growing demand of butyl acrylate across the globe.

Paints & Coatings industry expected to register highest CAGR in upcoming years

The global acrylate market segmented based on application into adhesives & sealants, paints & coatings, plastic additives, chemical synthesis, textiles and others (leather processing, paper & pulp, , etc.).

Packaging end-use industry dominated the global acrylates market in 2020

For the purpose of the study, global acrylates market 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, packaging segment expected to record significant CAGR during the forecast period.

Asia Pacific dominated the global acrylate market and expected to maintain its pole position in upcoming years

In base year 2020, Asia Pacific was observed as the largest market for Acrylate. In 2020, the total market for Asia Pacific was more than 30% and expected to maintain its dominance in forecast period from 2021 to 2029. Furthermore, owing to the presence of developing countries such as China & India, Asia Pacific expected to register the highest growth rate as compared to other regions.

Highly fragmented market owing to presence of various large and small scale companies

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 few key players operating in the global acrylate market.

Historical & Forecast Period

Our study analyzed each market segment during the period of 2019 to 2029 with 2020 as the base year. Forecast period between 2021 and 2029 considered for the CAGR calculation.

This research report describes leading continents and their major countries, along with profiles of key players operating in 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 global acrylate market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.

Key questions answered in this report

• What are the current market trends in the acrylate market and valuable opportunities for the players?
• How the regulations affect global as well as the regional markets?
• Which are the prominent and recent innovations in the market?
• Which is the most lucrative region for investment?
• What is the market size and trends in emerging markets?
• Which are the major product types of acrylate and their market sizes?
• Which are the leading players and their market position?

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