Insights into the Acrylic Esters Market size which is expanding with a 12.5% CAGR from 2024 - 2031
The "Acrylic Esters Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Acrylic Esters market is anticipated to grow at an annual rate of 12.5% from 2024 to 2031.
This entire report is of 157 pages.
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Acrylic Esters Market Analysis
The global Acrylic Esters market is expected to experience significant growth due to the increasing demand for these chemicals in various applications such as adhesives, paints, coatings, and textiles. Major factors driving revenue growth include technological advancements, expanding end-use industries, and rising investments in research and development. Key players like Arkema SA, BASF SE, and Evonik Industries dominate the market, with a strong focus on product innovation and expanding their market presence globally. The main findings of the report highlight the growth opportunities and challenges in the Acrylic Esters market, recommending strategies for companies to capitalize on this growing industry.
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The global Acrylic Esters market is segmented by type, including Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, and 2-EH Acrylate, with applications such as Surface Coatings, Adhesives and Sealants, Plastic Adhesives, Detergents, Textiles, and Others. The market is driven by the increasing demand for acrylic esters in various industries due to their excellent adhesive and chemical properties. However, regulatory and legal factors specific to market conditions, such as environmental regulations and safety standards, play a crucial role in shaping the market landscape. Companies operating in this market need to stay informed and compliant with these regulations to ensure sustainable growth and profitability. Overall, the Acrylic Esters market is expected to witness steady growth in the coming years, driven by its versatile applications and increasing demand in various end-use industries.
Top Featured Companies Dominating the Global Acrylic Esters Market
The global acrylic esters market is highly competitive with several key players operating in the market. Some of the prominent companies in the acrylic esters market include Arkema SA (France), BASF SE (Germany), Evonik Industries (Germany), LG Chem Ltd. (South Korea), Momentive Specialty Chemicals Inc. (US), Mitsubishi Chemical Holdings Corporation (Japan), OJSC Sibur Holding (Russia), Sasol Ltd. (South Africa), and Nippon Shokubai Co. Limited (Japan).
These companies use acrylic esters in various applications such as adhesives, paints, coatings, textiles, and plastics among others. They offer a wide range of acrylic esters products to cater to the diverse needs of their customers. These companies invest heavily in research and development to introduce innovative products and technologies in the market, thereby driving the growth of the acrylic esters market.
Arkema SA, for example, reported sales revenue of approximately €8.7 billion in 2020. BASF SE reported sales revenue of around €59.1 billion in the same year. Evonik Industries had sales revenue of approximately €12.2 billion in 2020. LG Chem Ltd. reported sales revenue of approximately KRW 30.9 trillion in 2020. These companies contribute significantly to the growth of the acrylic esters market through their extensive product offerings, strong customer base, and strategic partnerships.
Overall, the acrylic esters market is expected to witness significant growth in the coming years, driven by factors such as increasing demand for eco-friendly products, growing industrialization, and rising consumer awareness about sustainable products. The key players in the market are focused on expanding their product portfolio, enhancing their production capacities, and strengthening their distribution channels to capitalize on the growing opportunities in the acrylic esters market.
Arkema SA (France)BASF SE (Germany)Evonik Industries (Germany)LG Chem Ltd. (South Korea)Momentive Specialty Chemicals Inc. (US)Mitsubishi Chemical Holdings Corporation (Japan)OJSC Sibur Holding (Russia)Sasol Ltd. (South Africa)Nippon Shokubai Co. Limited (Japan)
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Acrylic Esters Segment Analysis
Acrylic Esters Market, by Application:
Surface CoatingsAdhesives and SealantsPlastic AdhesivesDetergentsTextilesOthers
Acrylic esters are widely used in various applications such as surface coatings, adhesives and sealants, plastic adhesives, detergents, textiles, and others. In surface coatings, acrylic esters provide durability, weather resistance, and gloss retention. In adhesives and sealants, they offer strong bonding properties. In plastic adhesives, acrylic esters improve adhesion to various substrates. In detergents, they enhance cleaning performance. In textiles, acrylic esters provide water repellency and wrinkle resistance. The fastest growing application segment in terms of revenue is surface coatings, driven by the increasing demand for high-performance coatings in various industries.
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Acrylic Esters Market, by Type:
Methyl AcrylateEthyl AcrylateButyl Acrylate2-EH Acrylate
Acrylic esters like Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, and 2-EH Acrylate are widely used in industries such as adhesives, coatings, and textiles due to their excellent properties like fast curing, good adhesion, and high durability. Methyl Acrylate is known for its high reactivity, Ethyl Acrylate for its flexibility, Butyl Acrylate for its weather resistance, and 2-EH Acrylate for its chemical resistance. These different types of acrylic esters cater to various industrial requirements, thereby boosting the demand for acrylic esters in the market. Their versatile applications and unique properties make them essential components in various manufacturing processes.
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Regional Analysis:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The acrylic esters market is witnessing significant growth in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. North America, particularly the United States and Canada, is expected to dominate the market due to the increasing demand for acrylic esters in various applications such as adhesives, paints, and coatings. Europe, specifically Germany, France, the U.K., and Italy, is also projected to have a substantial market share, driven by the growing automotive and construction industries. In Asia-Pacific, countries like China, Japan, South Korea, and India are anticipated to show significant growth in the market. Latin America, including Mexico, Brazil, Argentina, and Colombia, is expected to witness a rise in the demand for acrylic esters due to the flourishing construction sector. Meanwhile, the Middle East & Africa region, with countries like Turkey, Saudi Arabia, and UAE, is also projected to contribute to the market growth. The market share of acrylic esters is expected to be highest in North America and Europe, followed closely by Asia-Pacific and Latin America, while the Middle East & Africa region is expected to have a smaller market share percentage.
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