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.
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.
Table of Contents
1. Executive Summary2. Butyl Acrylate Market Characteristics3. Butyl Acrylate Market Trends and Strategies32. Global Butyl Acrylate Market Competitive Benchmarking33. Global Butyl Acrylate Market Competitive Dashboard34. Key Mergers and Acquisitions in the Butyl Acrylate Market
4. Butyl Acrylate Market - Macro Economic Scenario
5. Global Butyl Acrylate Market Size and Growth
6. Butyl Acrylate Market Segmentation
7. Butyl Acrylate Market Regional and Country Analysis
8. Asia-Pacific Butyl Acrylate Market
9. China Butyl Acrylate Market
10. India Butyl Acrylate Market
11. Japan Butyl Acrylate Market
12. Australia Butyl Acrylate Market
13. Indonesia Butyl Acrylate Market
14. South Korea Butyl Acrylate Market
15. Western Europe Butyl Acrylate Market
16. UK Butyl Acrylate Market
17. Germany Butyl Acrylate Market
18. France Butyl Acrylate Market
19. Italy Butyl Acrylate Market
20. Spain Butyl Acrylate Market
21. Eastern Europe Butyl Acrylate Market
22. Russia Butyl Acrylate Market
23. North America Butyl Acrylate Market
24. USA Butyl Acrylate Market
25. Canada Butyl Acrylate Market
26. South America Butyl Acrylate Market
27. Brazil Butyl Acrylate Market
28. Middle East Butyl Acrylate Market
29. Africa Butyl Acrylate Market
30. Butyl Acrylate Market Competitive Landscape and Company Profiles
31. Butyl Acrylate Market Other Major and Innovative Companies
35. Butyl Acrylate Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Butyl Acrylate Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on butyl acrylate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for butyl acrylate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The butyl acrylate market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: I-Butyl Acrylate; N-Butyl Acrylate; T-Butyl Acrylate2) By Purity: High Purity; Common Purity
3) By Application: Paints And Coatings; Adhesives And Sealants; Chemical Synthesis; Plastic Additives; Textiles; Other Applications
Key Companies Mentioned: China Petroleum and Chemical Corporation; ExxonMobil Corporation; BASF SE; Bharat Petroleum Corporation Limited; The Dow Chemical Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | August 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 5.17 Billion |
| Forecasted Market Value ( USD | $ 6.76 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
