Acrylic Acids & Esters Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2025 – 2034
Report ID: GMI4141
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Acrylic Acids & Esters Market
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Acrylic Acids & Esters Market Size
The global acrylic acids & esters market produced notable revenues in 2024 with a projected decent CAGR from 2025-2034 driven by the increase in a variety of end-use industries, including paints and coatings, adhesives, textiles, and personal care applications. For instance, in February 2025, LG Chem entered the global market with eco-friendly raw materials made from vegetable oils. It produced bio-acrylic acid with an annual prototype output of 100 metric tons.
It was used in cosmetics, and in super absorbent polymers for diapers, adhesives, coatings, and eco-friendly paints. Acrylics and their ester derivatives are key chemical intermediates, used extensively because of their outstanding properties in the final products (such as water resistant, durable, and flexible). A rapid increase in 'demand' is occurring in the construction and automotive sectors with manufacturers actively seeking cost-effective, high-performance polymers.
As global awareness for sustainability grows, companies are moving towards greener production systems and bio-based acrylates, accelerating progression into new markets. A continued rise in urbanization, particularly over the next decade in emerging economies, will further fuel demand for acrylic-based materials in infrastructure, consumer goods, and increasingly packaging applications.
The raw materials prices are currently volatile, and the impact of production processes also adds complication for producers, possessing risk. That said, innovations in processes are ongoing and R&D investments are further equipping long-term market increase. Conventional and emergent players continue to improve production and supply capabilities, both influencing the acrylic acids & esters market and expanding through the next decade.
Acrylic Acids & Esters Market Trends
The most important trend is the transition towards sustainability and bio-based acrylics. Environmental and regulatory pressures are compelling manufacturers to develop greener alternatives to standard petrochemical-based monomers. Bio-acrylic acids manufactured from renewable resources such as glycerol and lactic acid have been of greatest interest among the bio-acrylics. There is growing interest in water-based or low-VOC alternatives in applications which may include paints, adhesives, and sealants. These constituents can be regarded as "green" options for manufacturers, enabling producers to develop products to meet the stricter environmental regulations being imposed in established and developing markets.
There will also be continued progress in polymer chemistry, which may result in a novel range of functional acrylate copolymers with qualities such as UV stability, heat strength, and mechanical properties. The copolymers have potential applications in high-performance coatings, electronics, and biomedical devices. Innovations in the areas of smart materials and responsive polymers mean the demand for specialty materials in packaging, textiles, and the automotive industry will continue to grow. The emergence of digital production and Industry 4.0 technology in chemical manufacturing should also assist in making supply chain processes, quality control, and the management of raw materials that are changing the nature of manufacturing.
Acrylic Acids& Esters Market Analysis
The methyl acrylate derivative segment in the acrylic acids & esters market accounted for a significant portion in 2024 and is likely to hold steady growth through 2034. Methyl acrylate is an important building block in the manufacture of polymers used in both industrial and consumer goods. Due to its properties of strong adhesion and flexibility, methyl acrylate has been used in textiles, adhesives, sealants, and paints. Methyl acrylate's use is its fast polymerization rates and compatibility with a vast array of co-monomers, for manufacturers to develop customized products for various uses.
As shown by the uptick in demand for water-based, environmentally friendly coatings which are aligned with stricter, global environmental regulations, and with a low VOC (volatile organic compound) emissions profile, methyl acrylate is coming to the fore, as strong interest is developed around alkyl acrylate derivatives.
Furthermore, critical interest developed in methyl acrylate derivatives is paired with good news in that due to favorable tack and peel strength, methyl acrylate derivatives are finding increasing uses in pressure-sensitive adhesives (PSAs) and emulsions. While innovation continues in the (new) polymer technologies with market growth, we anticipate that the methyl acrylate derivative segment will be the segment that pushes the industry in terms of improvements aimed at developing cost-effective approaches.
Paints and coatings application segment in the acrylic acids & esters market is projected to represent a sizable portion through 2034. Acrylic esters are useful in formulating both architectural and industrial coatings, with good durability, weatherability, and gloss retention. Construction economies currently are at their highest level globally because of increased construction activities in developing world countries such as India, China, and various parts of Southeast Asia.
The demand for high-performance coatings for all types of construction work today has surged. Similarly, the automotive and marine industries globally have seen a rise in acrylic-based coatings that provide resistance to corrosion, chemicals, and UV degradation. A noted trend in the paints and coatings segment has been the transition to water-based and low-VOC formulations, making them much more eco-friendly and adhering to important emission laws given their passage on global and national levels.
Asia Pacific acrylic acids & esters market held the largest share in 2024 benefitting from the demand for acrylic-based products across multiple regions, such as construction, automotive, packaging, and personal care. Rapid urbanization, an industrial base, and a growing middle class in that region have created a large consumer market. China, India, Japan, and South Korea are all consumers and producers of several acrylic acid derivatives and they have a manufacturing base, with policies in place to encourage industrial growth.
China accounts for the largest portion of domestic consumption and global production of acrylic acid and esters; many national manufacturers are increasing output capabilities to meet national and international demand. The rising investment in real estate and infrastructure in Southeast Asia is producing and complicating the opportunity for more USA-based acrylic acid and esters manufacturing as it increases consumption of paints, adhesives, and sealants.
Acrylic Acids & Esters Market Share
Major companies involved in the acrylic acids & esters industry include:
In the acrylic acids & esters market, companies have implemented a multi-faceted strategy to strengthen their position in the market. First, the major corporations are heavily investing in research and development to innovate and commercialize sustainable or bio-based alternatives to acrylates. In addition to addressing sustainability on a global scale, this will develop alternative revenue streams at a time of high sustainability concern in many areas of the world.
Second, the leading companies are using strategic mergers, acquisitions, and joint ventures to expand their geographic and customer reach. Additionally, companies target capacity expansion, particularly in the Asia Pacific to secure stable supply and cost efficiency as acrylic acid demand (and profitability) is predicted to be higher than in other regions in the future.
Acrylic Acids & Esters Industry News