Global Acrylate Global Market Report 2023: Increased Use of Dispersive Adhesives Fuels Growth

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08 Jun, 2023, 12:15 ET

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DUBLIN, June 8, 2023 /PRNewswire/ -- The "Global Acrylate Market by Chemistry, Application (Paints & Coatings, Plastics, Adhesives & Sealants, Fabrics), End-use Industry (Building & Construction, Packaging, Consumer Goods, Automotive, Textiles, Biomedical), & Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The acrylate market is projected to reach USD 14.7 billion by 2028, at a CAGR of 6.4% from USD 10.8 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing building and construction sectors, which further drives the demand for acrylates. China is the largest producer of acrylates in the region.

The growing demand for acrylates in China is mainly driven by the expanding building and construction, packaging, and consumer goods sectors, which have increased the demand for acrylates in various industries.

Ethyl Acrylate segment is expected to account for the second-largest share in 2022.

Ethyl acrylate (EA) is the ethyl ester of acrylic acid, produced through the esterification of acrylic acid with ethanol in the presence of acid catalysts. It is a colorless liquid with a pungent odor and is used in the production of resins, rubbers, plastics, textiles, non-woven fibers, paints, and denture materials. Ethyl acrylate is also used as a reagent in the synthesis of various pharmaceutical intermediates.

Adhesives & sealants is expected to be the second-fastest growing application type for acrylate market during the forecast period, in terms of value.

Acrylates are widely used in water-based adhesives. The increase in the use of emulsion and dispersion adhesives is driving the use of acrylates. The VOC emission regulations will decrease the use of solvent-based adhesives and increase the adoption of water-based adhesives, thus benefiting the acrylate market.

Based on region, Asia Pacific region was the largest market for acrylate in 2022, in terms of value.

Asia Pacific was the largest market for global acrylate in terms of value in 2022. The market in Asia Pacific is being driven by innovation, industrial expansion, and technological developments in the region, which are fueling the consumption of acrylate. The growth of the market is also expected to be supported by the improving global economy. China is a key market in Asia Pacific and is expected to witness high growth during the forecast period due to the high use of acrylate in various end-use industries in the region.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Acrylate Market, by Chemistry6.1 Introduction6.2 Butyl Acrylate6.2.1 Used in the Production of Coatings, Adhesives, and Sealants6.2.2 N-Butyl Acrylate6.2.3 T-Butyl Acrylate6.2.4 I-Butyl Acrylate6.3 Ethyl Acrylate6.3.1 Used in the Production of Paints, Plastics, and Pharmaceutical Intermediates6.4 Methyl Acrylate6.4.1 Used in Synthetic Carpets, Pharmaceutical Products, and Acrylic Fibers6.5 2-Ethylhexyl Acrylate6.5.1 Used in the Production of Acrylic Polymers6.6 Other Chemistries

7 Acrylate Market, by Application7.1 Introduction7.2 Paints & Coatings and Printing Inks7.2.1 Increased Use of Paints and Inks to Fuel Demand for Acrylate Monomers7.3 Plastics7.3.1 High Production of Polymers and Plastics to Boost Demand for Acrylates7.4 Adhesives & Sealants7.4.1 Growth of Construction and Automotive Industries to Increase Demand for Dispersive Adhesives7.5 Fabrics7.5.1 Rise in Textile Industry to Drive Demand for Acrylates7.6 Other Applications

8 Acrylate Market, by End-use Industry8.1 Introduction8.2 Packaging8.2.1 Use of Acrylic Adhesives in Packaging to Drive Market8.3 Consumer Goods8.3.1 Increasing Use of Coatings, Fabrics, and Inks to Fuel Demand for Acrylates8.4 Building & Construction8.4.1 Increasing Use of Acrylic Sealants in Construction Activities to Propel Market8.5 Automotive8.5.1 Resistance to Abrasion and Environmental Factors to Fuel Demand for Acrylate Monomers8.6 Textiles8.6.1 Use of Acrylic Fibers in the Textile Industry to Drive Market8.7 Biomedical8.7.1 Use of Acrylate Monomers in Targeted Drug Delivery to Propel Market8.8 Cosmetics & Personal Care8.8.1 Increasing Use of Cosmetics to Fuel Demand for Acrylates8.9 Other End-use Industries

9 Acrylate Market, by Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/67lnon

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SOURCE Research and Markets