Methyl Acrylate Market Report and Forecast 2024-2032

According to the report, the global methyl acrylate market is projected to grow at a CAGR of 4% between 2024 and 2032 reaching a value of around USD 576.99 million by 2032. Aided by the escalating demand for superabsorbent polymers and its multifaceted applications across a spectrum of industries, the market is expected to grow significantly by 2032.

Methyl acrylate is an organic compound, a colourless liquid primarily used in the production of numerous polymers and co-polymers. Recognised for its excellent adhesive and plasticising qualities, it plays an instrumental role in various products such as adhesives, paints, textiles, and coatings. Beyond these primary attributes, methyl acrylate is also appreciated for its fast-drying nature, which has spurred its adoption in quick-setting applications and in enhancing the tactile characteristics of certain products.

The rising global demand for more efficient and versatile adhesive solutions is among the principal drivers propelling the methyl acrylate market growth. With the evolution of industries such as construction, automotive, and electronics, the need for better adhesive and sealant materials has become paramount. These sectors have identified methyl acrylate as an optimal solution due to its exceptional bonding capabilities, especially in environments that demand quick and robust adherence.

Furthermore, the coating and paint industry's continual transformation, aiming for improved durability and resilience against environmental factors, has resulted in a boosted methyl acrylate market demand. When used in paint formulations, this compound not only enhances the paint's adhesion to diverse surfaces but also accentuates its resistance to ultraviolet rays and general wear.

The textile industry is another noteworthy consumer of methyl acrylate. Given the contemporary trend towards more flexible and durable fabric materials, especially in sportswear and outdoor gear, methyl acrylate's integration has proven pivotal. Its ability to provide fabrics with a soft finish without compromising on strength makes it a sought-after ingredient in modern textile manufacturing processes.

Another dimension influencing the methyl acrylate market outlook is its budding use in the realm of sustainable products. As industries globally pivot towards greener and more eco-friendly solutions, the potential for methyl acrylate in producing biodegradable plastics and other sustainable materials has been gaining traction. This not only underscores its versatility but also its alignment with the planet's future needs.

Market Segmentation

The market can be divided based on application, end use, and region.

Market Breakup by Application

• Surface Coatings
• Chemical Synthesis
• Adhesives and Sealants
• Plastic Additives
• Detergents
• Textiles
• Others

Market Breakup by End Use

• Automobile
• Packaging
• Building and Construction
• Personal Care and Cosmetic
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global methyl acrylate market. Some of the major players explored in the report are as follows:

• Arkema SA
• LG Chem Ltd.
• BASF SE
• Shanghai Huayi Acrylic Acid Co., Ltd.
• Nippon Shokubai Co., Ltd.
• SIBUR International GmbH
• Others