Acrylic Acids & Esters Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4141
Acrylic Acids & Esters Market size is predicted to witness substantial gains in the forecast timespan owing to its increasing utilization for manufacturing chemical intermediates. Acrylic acid is widely used for producing acrylate esters which have applications in adhesive, detergent, coatings and plastic industries thereby, fortifying industry growth.
Acrylic acids & esters market size from adhesive and sealants application is forecasted to witness substantial gains in the estimated timespan owing to its utilization in adhesive and sealants industry. Global adhesive and sealant market growth is anticipated to witness significant gains over 4.5% by 2023. The product owing to fast setting time and high-performance properties have applications in the adhesive and sealant industry thereby, enhancing market size.
Methyl acrylate market size is forecasted to grow at the end of 2025. The product owing to high water and sunlight resistant properties have applications in latex paint formulations. Increasing paints demand owing to growing construction activities globally will have a positive impact on acrylic acids & esters market demand.
Ethyl acrylate market size is anticipated to witness substantial gains at the end of 2025. Wastewater treatment chemicals industry size is forecasted to grow over USD 35 billion by 2023. The product functions as a chemical intermediate for manufacturing wastewater treatment chemicals. Stringent governmental regulations for treating such water from industrial sources will fortify wastewater treatment chemicals which in turn would enhance industry size.
Butyl acrylate market size is forecasted to grow at the end of 2025. The product functions as a monomer in the polymerization reaction. The polymers and co polymers derived from butyl acrylate offers high cohesive strength to pressure sensitive adhesives. Pressure sensitive adhesive industry size is anticipated to witness substantial gains over 5% by 2024. Increasing pressure sensitive adhesives demand for packaging purposes will positively impact industry growth.
Polyacrylic acid market size is forecasted to grow by 2025. The polyacrylate polymer is used for manufacturing diapers owing to water absorbing properties. Global baby diaper market is anticipated to grow over 6% by 2022. Increasing baby diaper demand due to rising awareness for maintaining hygiene will foster product demand.
Global acrylic acids & esters market size from surface coatings application is forecasted to witness significant gains in the estimated time period. The product owing to high impact toughness and weatherability is utilized for manufacturing coatings. Global paints & coatings market is forecasted to grow at 5% by 2027. Increasing coatings demand for automotive and industrial sectors will propel industry growth.
Global market size from detergent application is anticipated to witness significant gains by 2025. The products including ethyl acrylate and butyl acrylate owing to cleaning properties is utilized as an additive in liquid detergents. Global liquid detergent market size is projected to grow over 5% by 2025. Growing expenditure on home care products would propel cleansing agents demand which in turn will enhance market size.
North America led by Mexico, Canada and the U.S. acrylic acids & esters market size is projected to witness significant gains by 2025. The product owing to strong and efficient bonding properties is used for joining wooden furniture. Increasing wood joining adhesive demand for construction purposes in the region will amplify industry growth.
Fluctuating crude oil prices can impact acrylic acid production costs and may hamper industry profitability which may affect market price trends. The product if left untreated may lead to groundwater contamination leading to serious health effects. However, technological advancements for producing bio acrylic acid may foster industry growth.
Europe driven by UK, Spain, Italy, France and Germany market size is projected to amplify at the end of 2025. The products including ethyl acrylate and butyl acrylate owing to weather resistant properties is used for manufacturing coatings. Increasing coatings demand to prevent corrosion problems will positively impact market growth.
Asia Pacific market led by South Korea, Japan, India and China acrylic acids & esters market size is projected to witness significant gains at the end of 2025. The products’ polymers owing to their flexible and tough nature are used for manufacturing plastics. Growing plastics demand for packaging purposes in the region will foster industry growth.
Acrylic acids & esters market share is fragmented with major players includes Arkema, BASF, LG Chem LTD., SunVic Chemical Holdings Limited, Dow Chemical Company, Myriant Corporation and Momentive Specialty Chemicals. Manufacturers are focussing on expansion by executing joint ventures, mergers & acquisitions, and strategic alliance owing to increasing product applications in watwer treatment, plastic, and coating industries which may amplify market growth.
By Derivative Type, 2014-2025 (Kilo Tons) (USD Million)
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- Polyacrylic acid
By Application, 2014-2025 (Kilo Tons) (USD Million)
- Surface coatings
- Adhesives & Sealants
- Water treatment
- Plastic additives
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- LG Chem LTD.
- SunVic Chemical Holdings Limited
- Dow Chemical Company
- Myriant Corporation
- Momentive Specialty Chemicals
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