Acrylate Monomers Market - Growth, Trends, and Forecasts (2019 - 2024)

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 the Middle East & Africa)

Market Snapshot

Market Summary - Acrylate Monomers Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key 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 of 2019 - 2024. 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 in 2018 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

Butyl Acrylate Type to Dominate the Market

  • Butyl acrylate monomers are used in manufacturing paints and adhesives, cosmetics and personal care products, plastics, detergents and cleaners, and paper.
  • Acrylic resins based on butyl acrylate monomers exhibit high weather resistance and durability. For these reasons, they are the preferred compositions for architectural and industrial coatings.
  • The growing market for paints and coatings in countries, like India and China, is also expected to drive the demand for butyl acrylate monomers.
  • Increasing demand for polyethylene in Asia and North America is likely to boost the acrylic monomers market.
Segmentation - Acrylate Monomers Market

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Asia-Pacific Region to Dominate the Market

Asia-Pacific accounted for the major market share in 2018 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.

Regional growth rate - Acrylate Monomers Market

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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.

Major Players

  1. BASF SE
  2. NIPPON SHOKUBAI CO., LTD
  3. Mitsubishi Chemical Corporation
  4. Evonik Industries AG

* Complete list of players covered available in the table of contents below

Market Concentration - Acrylate Monomers Market

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 Porters 5 Force 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. 4.5 Trade Analysis

    6. 4.6 Price Trends

  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 DowDuPont Inc.

      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

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