The acrylate market size was valued at USD 11.82 billion in 2023 and is expected to hit USD 19.96 billion by 2032, growing at a CAGR of 6% from 2023 to 2032.
Key Takeaways
- The North America region contributed more than 38% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By product type, the methyl acrylate segment has held the largest market share of 32% in 2022.
- By product type, the butyl acrylate segment is anticipated to grow at a remarkable CAGR of 7.5% between 2023 and 2032.
- By grade, the standard grade segment generated over 34% of revenue share in 2022.
- By grade, the chemical grade segment is expected to expand at the fastest CAGR over the projected period.
- By application, the adhesives & sealants segment generated over 25% of revenue share in 2022.
- By application, the personal care products segment is expected to expand at the fastest CAGR over the projected period.
- By end use, the construction imaging segment generated over 35% of revenue share in 2022.
- By end use, the paints & coatings segment is expected to expand at the fastest CAGR over the projected period.
The Acrylate Market is a dynamic sector that has witnessed substantial growth in recent years. Acrylates, a group of chemical compounds derived from acrylic acid, have found widespread applications across various industries, including adhesives, coatings, textiles, and construction. The market’s robust expansion can be attributed to several key growth factors.
One major driving force behind the flourishing Acrylate Market is the increasing demand in the adhesives and sealants industry. Acrylate-based adhesives offer superior bonding properties, versatility, and durability, making them preferred choices for diverse applications. As industries continue to emphasize efficiency and longevity in their products, the demand for high-performance adhesives has risen, propelling the growth of the Acrylate Market.
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Furthermore, the construction industry has emerged as a significant contributor to the market’s expansion. Acrylate-based products play a pivotal role in construction applications, such as coatings, sealants, and waterproofing materials. The global infrastructure development boom has spurred the need for innovative and sustainable construction solutions, creating a favorable environment for the Acrylate Market to thrive.
In addition to its role in traditional industries, the Acrylate Market has experienced a surge in demand from emerging sectors like medical devices and electronics. Acrylate polymers offer desirable characteristics such as biocompatibility and electrical insulation, making them essential components in the manufacturing of medical devices and electronic products. This diversification of applications has further fueled the market’s growth, opening up new avenues for acrylate-based products.
Environmental considerations also contribute to the market’s evolution, with a growing emphasis on eco-friendly and sustainable materials. Acrylates have witnessed advancements in their formulations, leading to the development of low-VOC (volatile organic compound) and water-based products. This eco-friendly approach aligns with the increasing global awareness of environmental issues and regulatory pressures, positioning the Acrylate Market as a key player in the transition towards greener solutions.
Product Type
The Acrylate Market encompasses a diverse range of products, grades, applications, and end uses, reflecting its versatility in various industries. In terms of product types, the market is characterized by different acrylic compounds, including but not limited to methyl acrylate, ethyl acrylate, butyl acrylate, and others. Each of these products offers distinct properties and applications, contributing to the overall dynamism of the market.
Grade
In assessing the market by grade, variations in the quality and specifications of acrylate products become apparent. Different grades cater to specific industrial requirements, ensuring a tailored approach to diverse applications. This segmentation allows manufacturers and consumers to make informed choices based on the desired performance characteristics.
Application
Acrylates find application across a wide spectrum of industries, including adhesives, sealants, coatings, textiles, and more. The adhesive and sealant segment benefits from the bonding properties of acrylates, while the coatings industry utilizes them for their protective and aesthetic qualities. The diverse applications highlight the adaptability of acrylates in meeting the demands of various sectors.
End Use
the end-use segmentation of the Acrylate Market further emphasizes its significance in different sectors of the economy. Industries such as construction, automotive, textiles, and healthcare incorporate acrylates into their processes, underscoring the widespread utility and importance of these compounds.
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Acrylate Market Players
- BASF SE
- The Dow Chemical Company
- Arkema S.A.
- Evonik Industries AG
- Mitsubishi Chemical Corporation
- Nippon Shokubai Co., Ltd.
- Sartomer (a part of Arkema)
- H.B. Fuller Company
- Toagosei Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- LG Chem
- DIC Corporation
- Hitachi Chemical Co., Ltd.
- Formosa Plastics Corporation
- Kuraray Co., Ltd.
Segments Covered in the Report
By Product Type
- Methyl acrylate
- Ethyl acrylate
- Butyl acrylate
- 2-ethylhexyl acrylate
- Others
By Grade
- Standard grade
- Technical grade
- Chemical grade
- Pharmaceutical grade
By Application
- Adhesives & sealants
- Paints & coatings
- Textiles
- Plastics
- Paper & paperboard
- Personal care products
- Others
By End Use
- Construction
- Automotive
- Packaging
- Textile
- Paints & coatings
- Adhesives & sealants
- Personal care
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Acrylate Market
5.1. COVID-19 Landscape: Acrylate Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Acrylate Market, By Product Type
8.1. Acrylate Market Revenue and Volume Forecast, by Product Type, 2023-2032
8.1.1. Methyl acrylate
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Ethyl acrylate
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Butyl acrylate
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. 2-ethylhexyl acrylate
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Acrylate Market, By Grade
9.1. Acrylate Market Revenue and Volume Forecast, by Grade, 2023-2032
9.1.1. Standard grade
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Technical grade
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Chemical grade
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Pharmaceutical grade
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Acrylate Market, By Application
10.1. Acrylate Market Revenue and Volume Forecast, by Application, 2023-2032
10.1.1. Adhesives & sealants
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Paints & coatings
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Textiles
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Plastics
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Paper & paperboard
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Personal care products
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. Others
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Acrylate Market, By End Use
11.1. Acrylate Market Revenue and Volume Forecast, by End Use, 2023-2032
11.1.1. Construction
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Automotive
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. Packaging
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
11.1.4. Textile
11.1.4.1. Market Revenue and Volume Forecast (2020-2032)
11.1.5. Paints & coatings
11.1.5.1. Market Revenue and Volume Forecast (2020-2032)
11.1.6. Adhesives & sealants
11.1.6.1. Market Revenue and Volume Forecast (2020-2032)
11.1.7. Personal care
11.1.7.1. Market Revenue and Volume Forecast (2020-2032)
11.1.8. Others
11.1.8.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Acrylate Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by End Use (2020-2032)
Chapter 13. Company Profiles
13.1. BASF SE
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. The Dow Chemical Company
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Arkema S.A.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Evonik Industries AG
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Mitsubishi Chemical Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Nippon Shokubai Co., Ltd.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Sartomer (a part of Arkema)
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. H.B. Fuller Company
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Toagosei Co., Ltd.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Sumitomo Chemical Co., Ltd.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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