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Acrylate Market Share

Report ID: GMI6223
Published Date: Jul 2023
Report Format: PDF

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Acrylate Market Share

Major players operating in the acrylate market are :

Arkema SA
BASF SE
Dow Inc.
Evonik Industries AG
Mitsubishi Chemical Corporation
LG Chem Ltd.
Nippon Shokubai Co., Ltd.
Hexion Inc.
SIBUR Holding PJSC
Formosa Plastics Corporation.

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They also emphasize R&D investments to introduce innovative products and garner maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for acrylate was valued at around USD 11.3 billion in 2022 and is estimated to reach USD 17.8 billion by 2032, owing to the increasing demand for packaging products.

The standard grade segment held a 45% market share in 2022 and is expected to grow at a lucrative pace by 2032 as the product is widely used in coating, adhesive, sealant, and textile applications.

The U.S. acrylate market accounted for USD 2.4 billion in 2022 and is anticipated to expand at a rapid pace in the near future, owing to expanding construction, automotive, and packaging industries across the region.

Arkema SA, BASF SE, Dow Inc., Evonik Industries AG, Mitsubishi Chemical Corporation, LG Chem Ltd., Nippon Shokubai Co., Ltd., Hexion Inc., SIBUR Holding PJSC, and Formosa Plastics Corporation.