The global Acrylate Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Chemistry (Butyl Acrylate, Ethyl Acrylate, 2-Ethyl Hexyl Acrylate, Methyl Acrylate, Others), By Application (Paints and Coatings, Plastics, Adhesives & Sealants, Fabrics, Printing Inks, Others), By End-User (Construction, Packaging, Consumer Goods, Automotive, Textiles, Personal Care, Others).
Acrylates are a class of monomers derived from acrylic acid or methacrylic acid, widely used in the production of polymers, adhesives, coatings, and elastomers. Due to their versatility, ease of polymerization, and tunable properties, acrylates find applications in diverse industries such as construction, automotive, electronics, and healthcare. In polymer synthesis, acrylates serve as building blocks for acrylic resins, acrylic fibers, and superabsorbent polymers, offering exceptional transparency, weatherability, and chemical resistance. Further, in adhesives and sealants, acrylates provide strong bonding, flexibility, and durability for various substrates and applications. With continuous advancements in polymer chemistry and processing technologies, acrylates play a pivotal role in driving innovation and product development, meeting the evolving needs of modern industries for high-performance materials.
The market report analyses the leading companies in the industry including Arkema S.A., BASF SE, Dow Inc, Eternal Materials Co. Ltd, Evonik Industries AG, Hihang Industry Co. Ltd, Jurong Group, KH Chemicals, Labdhi Chemicals, LG Chem Ltd, Lobha Chemie Pvt. Ltd, Merck KGaA, Mitsubishi Chemical Group Corp, National Industrialization Co., Nippon Shokubai Co. Ltd, Parsol Chemicals Ltd, Resonac Corp, Sasol Ltd, Shanghai Huayi Acrylic Acid Co. Ltd, SIBUR, TCI Chemicals, The Kuraray Group, Toagosei Co. Ltd, Wanhua Chemical Group Co. Ltd, and others.
A prominent trend in the Acrylate market is the increasing demand for UV-curable acrylates in printing and coating applications. UV-curable acrylates offer fast curing times, excellent adhesion, and high chemical resistance, making them ideal for applications such as UV printing, UV coatings, and adhesives. With the growing popularity of UV-curable technologies in various industries including packaging, automotive, electronics, and signage, there's a rising demand for acrylate-based formulations that enable efficient and eco-friendly production processes. This trend is driving the development of innovative UV-curable acrylate formulations tailored to meet the specific performance and sustainability requirements of different applications.
A key driver in the Acrylate market is the growth in construction and infrastructure development activities worldwide. Acrylates find extensive use in construction materials such as adhesives, sealants, coatings, and polymer-modified mortars due to their excellent bonding strength, weather resistance, and durability. With increasing urbanization, population growth, and investments in infrastructure projects such as residential buildings, commercial complexes, roads, bridges, and stadiums, there's a growing demand for acrylate-based construction solutions. The expansion of construction and infrastructure development, particularly in emerging economies, is driving the demand for acrylates in the global market.
Amidst the evolving market dynamics, there exists a significant opportunity for Acrylate manufacturers to develop bio-based and sustainable alternatives to traditional petroleum-derived acrylates. With growing concerns about environmental sustainability and regulatory pressures to reduce carbon footprint, there's a rising demand for eco-friendly acrylate solutions that minimize reliance on fossil fuels and reduce greenhouse gas emissions. By investing in research and development, companies can explore renewable feedstocks such as plant-based oils, biomass, and waste streams to produce bio-based acrylates with comparable performance to their petrochemical counterparts. Furthermore, there's potential to innovate in manufacturing processes that utilize green chemistry principles and renewable energy sources to enhance the sustainability of acrylate production. By addressing the market demand for bio-based and sustainable acrylate alternatives, companies can differentiate themselves and capture new opportunities in the Acrylate industry.
In the Acrylate Market, the Butyl Acrylate segment is the largest. Butyl acrylate is a crucial monomer used in the production of various acrylic polymers and copolymers, making it a cornerstone of the acrylics industry. Its dominance can be attributed to its versatile applications across a wide range of end-use sectors, including coatings, adhesives, sealants, textiles, and construction materials. Butyl acrylate-based polymers exhibit excellent properties such as flexibility, weatherability, adhesion, and water resistance, making them ideal for coatings and adhesives formulations. Additionally, the widespread adoption of butyl acrylate in the manufacturing of emulsion polymers for architectural and industrial coatings drives its demand in the construction and automotive sectors. With its extensive usage in diverse applications and its role as a key building block in acrylic resin production, the Butyl Acrylate segment maintains its dominance in the Acrylate Market.
Among the applications in the Acrylate Market, the Plastics segment is the fastest-growing. Acrylates play a crucial role in the production of various plastic materials and polymers due to their excellent properties such as transparency, impact resistance, weatherability, and chemical resistance. The Plastics segment experiences rapid growth due to the increasing demand for acrylate-based polymers in industries such as automotive, packaging, electronics, and consumer goods. Acrylate polymers are widely used in plastic molding processes such as injection molding, extrusion, and thermoforming to manufacture a wide range of plastic products, including packaging materials, automotive parts, electronic devices, and household goods. Moreover, the versatility of acrylate-based plastics and their ability to be tailored to specific performance requirements further drive their adoption in diverse applications. With ongoing innovations in polymer chemistry, advancements in processing technologies, and the expanding applications of acrylate-based plastics in various industries, the Plastics segment is poised for sustained rapid growth, solidifying its position as a key driver in the Acrylate Market.
In the Acrylate Market, the Construction segment is the largest. Acrylates find extensive usage in the construction industry for various applications, including adhesives, sealants, coatings, and elastomers. The dominance of the Construction segment can be attributed to the widespread adoption of acrylate-based materials in building and infrastructure projects worldwide. Acrylate-based adhesives and sealants are used for bonding and sealing applications in construction, providing strong adhesion, weather resistance, and durability. Acrylate-based coatings are applied to surfaces to enhance their aesthetics, protect against corrosion, and improve durability, making them indispensable in architectural coatings and protective coatings for infrastructure. Additionally, acrylate-based elastomers are utilized in construction sealants and gaskets due to their flexibility, elongation, and resistance to weathering and chemicals. With the continual growth of the construction industry, driven by urbanization, infrastructure development, and the demand for sustainable building materials, the Construction segment maintains its dominance in the Acrylate Market.
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Arkema S.A.
BASF SE
Dow Inc
Eternal Materials Co. Ltd
Evonik Industries AG
Hihang Industry Co. Ltd
Jurong Group
KH Chemicals
Labdhi Chemicals
LG Chem Ltd
Lobha Chemie Pvt. Ltd
Merck KGaA
Mitsubishi Chemical Group Corp
National Industrialization Co.
Nippon Shokubai Co. Ltd
Parsol Chemicals Ltd
Resonac Corp
Sasol Ltd
Shanghai Huayi Acrylic Acid Co. Ltd
SIBUR
TCI Chemicals
The Kuraray Group
Toagosei Co. Ltd
Wanhua Chemical Group Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Acrylate Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Acrylate Market Size Outlook, $ Million, 2021 to 2032
3.2 Acrylate Market Outlook by Type, $ Million, 2021 to 2032
3.3 Acrylate Market Outlook by Product, $ Million, 2021 to 2032
3.4 Acrylate Market Outlook by Application, $ Million, 2021 to 2032
3.5 Acrylate Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Acrylate Industry
4.2 Key Market Trends in Acrylate Industry
4.3 Potential Opportunities in Acrylate Industry
4.4 Key Challenges in Acrylate Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Acrylate Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Acrylate Market Outlook by Segments
7.1 Acrylate Market Outlook by Segments, $ Million, 2021- 2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
8 North America Acrylate Market Analysis and Outlook To 2032
8.1 Introduction to North America Acrylate Markets in 2024
8.2 North America Acrylate Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Acrylate Market size Outlook by Segments, 2021-2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
9 Europe Acrylate Market Analysis and Outlook To 2032
9.1 Introduction to Europe Acrylate Markets in 2024
9.2 Europe Acrylate Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Acrylate Market Size Outlook by Segments, 2021-2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
10 Asia Pacific Acrylate Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Acrylate Markets in 2024
10.2 Asia Pacific Acrylate Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Acrylate Market size Outlook by Segments, 2021-2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
11 South America Acrylate Market Analysis and Outlook To 2032
11.1 Introduction to South America Acrylate Markets in 2024
11.2 South America Acrylate Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Acrylate Market size Outlook by Segments, 2021-2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
12 Middle East and Africa Acrylate Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Acrylate Markets in 2024
12.2 Middle East and Africa Acrylate Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Acrylate Market size Outlook by Segments, 2021-2032
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arkema S.A.
BASF SE
Dow Inc
Eternal Materials Co. Ltd
Evonik Industries AG
Hihang Industry Co. Ltd
Jurong Group
KH Chemicals
Labdhi Chemicals
LG Chem Ltd
Lobha Chemie Pvt. Ltd
Merck KGaA
Mitsubishi Chemical Group Corp
National Industrialization Co.
Nippon Shokubai Co. Ltd
Parsol Chemicals Ltd
Resonac Corp
Sasol Ltd
Shanghai Huayi Acrylic Acid Co. Ltd
SIBUR
TCI Chemicals
The Kuraray Group
Toagosei Co. Ltd
Wanhua Chemical Group Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Acrylate Market Size is valued at $12.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.1% to reach $21.8 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Arkema S.A., BASF SE, Dow Inc, Eternal Materials Co. Ltd, Evonik Industries AG, Hihang Industry Co. Ltd, Jurong Group, KH Chemicals, Labdhi Chemicals, LG Chem Ltd, Lobha Chemie Pvt. Ltd, Merck KGaA, Mitsubishi Chemical Group Corp, National Industrialization Co., Nippon Shokubai Co. Ltd, Parsol Chemicals Ltd, Resonac Corp, Sasol Ltd, Shanghai Huayi Acrylic Acid Co. Ltd, SIBUR, TCI Chemicals, The Kuraray Group, Toagosei Co. Ltd, Wanhua Chemical Group Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume