Market Size of Acrylate Monomers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acrylate Monomers Market Analysis
The market for acrylate monomers is expected to grow at a CAGR of over 5% during the forecast period.
COVID-19 had a negative influence on the market for acrylate monomers. It was mostly owing to the enforced limits, as well as large-scale shutdowns of manufacturing units of adhesives, paints and coatings, and a variety of other products that used acrylate monomers as a primary component in manufacture. However, with rising demand for the goods, since the restrictions were lifted, the market for acrylate monomers is also growing and is likely to continue a similar trajectory over the projection period.
- 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. Also, the increasing demand for polyethylene and the increasing demand for methyl acrylate for the water treatment process is expected to drive the market forward.
- However, concerns regarding the toxicity of acrylate monomers are expected to restrain the market.
- Production of plant oil-based acrylic monomers is likely to act as an opportunity for the market of acrylate monomers to grow during the forecast period.
- Asia-Pacific dominated the global market with the largest consumption from countries such as China and India.
