Acrylate Monomers Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Type (Butyl Acrylate, Ethyl acrylate, 2-Ethylhexylacrylate, and Methyl acrylate), by Application (Paints and Coatings, Plastics, Adhesives, Printing Inks, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Market Summary - Acrylate Monomers Market

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The market for acrylate monomers is expected to grow at a CAGR of over 5% during the forecast period. Major factors driving the market studied are the growing demand for high formulation paints and polyethylene. However, concerns regarding the toxicity of acrylate monomers are expected to restrain the market.

  • Butyl acrylate type dominated the market and it is expected to witness growth during the forecast period owing to the increasing demand in developing countries.
  • Increasing investment in construction activities in Asia-pacific is likely to increase the demand for high-performance formulations in paints, which, in turn, is expected to drive the market growth.
  • Increasing demand for polyethylene in China is likely to drive the demand for acrylate monomers
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries, such as China and India.

Scope of the Report

The acrylate monomers market report include:

Type
Butyl Acrylate
Ethyl Acrylate
Ethylhexyl Acrylate
Methyl Acrylate
Application
Paints and Coatings
Plastics
Adhesives
Printing Inks
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
Italy
United Kingdom
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Plastics to Dominate the Market

  • The plastics made from acrylate monomers are tough and highly transparent, with excellent resistance to ultraviolet radiation and weathering.
  • They are generally used as a substitute to glass, to reduce weight, increase life, increase flexibility, reduce cost, and impart attractiveness.
  • The monomers, such as methyl methacrylate, are made to react in the presence of a catalyst, producing acrylic plastic polymers. These plastics are generally available in three forms: flat sheets, elongated shapes (rods and tubes), and molding powder.
  • The plastics can be colored, molded, cut, drilled, and formed. These properties make it ideal for many applications, including airplane windshields, skylights, automobile taillights, and outdoor signs.
  • The major sectors for the application of these plastics are architecture and construction (window and door profiles, canopies, panels, facade design), lighting (LED lights), automotive and transportation (car windows, motorcycle windshields, interior and exterior panels, fenders), electronics, and healthcare.
  • Major developing nations, such as China, India, ASEAN countries, and countries in South America, are experiencing growth in construction activities and automotive production at a faster rate, owing to increasing disposable income, higher living standards, and urbanization, leading to increasing demand for acrylic products.
  • The market for these plastics is expected to grow in some ASEAN countries, such as Indonesia and Singapore, due to their emergence as tourist destinations, leading to the rise in demand for acrylate plastics, over the forecast period.
Acrylate Monomers Market Revenue Share

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China Country to Dominate the Asia-Pacific Region

  • Asia-Pacific accounted for the major market share and is expected to continue dominating the market during the forecast period.
  • The key factors driving the Asia-Pacific market are positive trends for paints and coatings in India and China owing to the increasing investment in construction industry.
  • High demand for polypropylene in China is also likely to drive the acrylic monomers market in the Asia-Pacific region.
  • China is one of the fastest growing economies, globally, and almost all the end-user industries are growing, owing to the increasing population, living standards, and per capita income.
  • This growth in investments has lead to the increase in construction activities, as well as with electronics, plastics, and paints, in turn leading to an expected increase in the demand for acrylate monomers, over the forecast period.
  • Over the next 30 years China’s working-age population will shrink by approximately 180 million. The International Labor Organization (ILO) forecasts that China’s projected labor shortfall in 2030 will be equivalent to 24% of its current working-age population.
  • As a result of these factors, the acrylate monomers market is expected to experience moderate growth in the initial years of forecast period.
Acrylate Monomers Market Regional Trends

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Competitive Landscape

The acrylic monomers market is moderately fragmented with the market share being divided among several companies. Some of the key players include BASF SE, Nippon Shokubai Co. Ltd, Mitsubishi Chemical Corporation, and Evonik Industries AG, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Use of High Performance Formulation Paints

      2. 4.1.2 Increasing Demand for Polyethylene

    2. 4.2 Restraints

      1. 4.2.1 Concerns Regarding the Toxic Effects of Acrylate Monomers

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Butyl Acrylate

      2. 5.1.2 Ethyl Acrylate

      3. 5.1.3 Ethylhexyl Acrylate

      4. 5.1.4 Methyl Acrylate

    2. 5.2 Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Plastics

      3. 5.2.3 Adhesives

      4. 5.2.4 Printing Inks

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 Italy

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema Group

      2. 6.4.2 Dow

      3. 6.4.3 BASF SE

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 Lucite International

      6. 6.4.6 NIPPON SHOKUBAI CO. LTD

      7. 6.4.7 Labdhi Chemicals

      8. 6.4.8 KH Chemicals

      9. 6.4.9 Mitsubishi Chemical Corporation.

      10. 6.4.10 Hitachi Chemical Co. Ltd

      11. 6.4.11 Kuraray Co. Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Number of Production Units in Saudi Arabia

* List Not Exhaustive

** Subject to Availability

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