Butyl Acrylate Global Market Report 2024

The butyl acrylate market size has grown strongly in recent years. It will grow from $4.85 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historic period can be attributed to several factors, including the demand from the construction and building industry, growth in the automotive sector, expansion of the packaging industry, overall economic growth, urbanization trends, and infrastructure development initiatives.

The butyl acrylate market size is expected to see strong growth in the next few years. It will grow to $6.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. In the forecast period, growth is expected to be driven by factors such as demand from end-use industries, overall economic growth, technological advancements, availability and pricing of raw materials, and compliance with environmental regulations. Major trends anticipated during this time include technological innovations, advancements in production technologies, an increase in mergers and acquisitions, and the introduction of innovative product offerings.

The butyl acrylate market is poised for growth due to the expansion of the automotive sector. This sector encompasses various aspects such as the design, development, manufacturing, marketing, and sale of motor vehicles such as cars, trucks, buses, and motorcycles. The sector's growth is fueled by factors such as improved economic conditions, government incentives, consumer preferences, and lifestyle changes. Butyl acrylate finds significant use in this sector for manufacturing high-performance coatings and adhesives, offering durability and aesthetic finishes. For instance, in May 2023, global motor vehicle production reached 85.4 million units in 2022, showing a notable increase of 5.7% compared to 2021, as reported by the European Automobile Manufacturers Association. This expansion in the automotive industry is a key driver for the growth of the butyl acrylate market.

Leading companies in the butyl acrylate market are ramping up their efforts to develop acrylic acid facilities to meet rising demand and ensure sustained profitability. This involves enhancing manufacturing or production facilities' capacity or capability. For example, in March 2023, BASF SE inaugurated a new acrylic production facility at its Zhanjiang Verbund site in China, with an annual capacity of 400,000 metric tons of butyl acrylate (BA) and 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA) alongside glacial acrylic acid (GAA) plants. This expansion is geared towards meeting the increasing demand for acrylics across industries in China and Asia, including hygiene, paint, and coatings. Acrylic acid is vital for producing superabsorbent polymers, while butyl acrylate and 2-ethylhexyl acrylate are essential raw materials for adhesive and coating manufacturing.

In April 2024, BASF SE partnered with Youyi Group Co. Ltd by signing a Letter of Intent (LoI) to supply butyl acrylate and 2-ethylhexyl acrylate from its Zhanjiang Verbund site, aiming to address the growing demand for adhesive materials in China and strengthen their collaboration. Youyi Group Co. Ltd. is a China-based adhesive tape manufacturer that utilizes butyl acrylate.

Major companies operating in the butyl acrylate market are China Petroleum and Chemical Corporation, ExxonMobil Corporation, BASF SE, Bharat Petroleum Corporation Limited, The Dow Chemical Company, LyondellBasell Industries Holdings B.V, LG Chem Ltd., Mitsubishi Chemical Holdings, Wanhua Chemical Group Co. Ltd., Evonik Industries AG, Sasol Limited, Arkema Chemicals SA, Formosa Plastics Corporation, Sibur, Nippon Shokubai Co Ltd, Satellite Chemical Co Ltd, TCI Chemicals Pvt. Ltd., JBN SERVICES, Oswal Udhyog Group, Vizag Chemical, Otto Chemie Pvt Ltd, Dhalop Chemicals, KR Chemicals.

North America was the largest region in the butyl acrylate market in 2023. The regions covered in the butyl acrylate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the butyl acrylate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Butyl acrylate, characterized by its colorless liquid form and fruity odor, is primarily utilized in polymer and copolymer production. It's an acrylate ester derived from acrylic acid and butanol, finding extensive use in the manufacturing of paints, coatings, adhesives, and textiles.

The main types of butyl acrylate products include I-butyl acrylate, N-butyl acrylate, and T-butyl acrylate. I-butyl acrylate, a specific isomer, is employed in specialized applications requiring distinct properties such as lower reactivity and specific chemical behaviors. It is available in varying purities such as high purity and common purity, suitable for applications in paints, coatings, adhesives, sealants, chemical synthesis, plastic additives, textiles, and other industries.

The butyl acrylate market research report is one of a series of new reports that provides butyl acrylate market statistics, including the butyl acrylate industry global market size, regional shares, competitors with the butyl acrylate market share, detailed butyl acrylate market segments, market trends, and opportunities, and any further data you may need to thrive in the butyl acrylate industry. These butyl acrylate market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The butyl acrylate market consists of sales of nonwovens, acrylic polymers, rubber products, and modifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.