Global Acrylic Esters Market was valued at US$ 7.57 Bn in 2019 and expected to reach US$ $12.57 Bn by 2026, at a CAGR of 6.5% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Acrylic Esters is projected to be the fastest-growing market due to the increasing acceptance of acrylate esters for producing adhesives, synthetic resins, synthetic rubbers, and water-based paints. Acrylic ester is acrylic acid-based polymers used in water-based coating solutions in various applications, such as construction, textiles, adhesives, detergents, and others. It has replaced solvent-based paints and sealants. This has been driving the demand for chemicals in the industry. Oil resistance and high thermal stability are key features of acrylic esters. Its non-toxic nature is responsible for growing adoption in various industries. It is used as building blocks for industrial polymers.
The rising construction industry has driven the demand for the acrylate esters market. Demand for coating from the construction industry and expansion of butyl acrylates in China are factors driving the global acrylic ester market. In addition, the slow recovery of the U.S. housing market and variation in raw material prices are hampering growth in the market. Demand for PPMA resins and commercial production of bio-based acrylic acid derivatives are expected to create better opportunities in the market. There is a rising demand for super-absorbent polymers in the market.
Butyl acrylate is used as a soft monomer to improve the toughness and temperature properties. Expanding demand of butyl acrylate in the paint and coating industry is driving the growth of the acrylate esters market.
Fluctuation in raw material prices is expected to be challenging for the growth of the acrylate esters market.
Rising population and construction are the key factors to grow the Acrylic ester market in the Asia Pacific region. Asia-Pacific dominated the global acrylic ester market owing to the high demand for surface coating materials in various industries. Furthermore, rising derivatives’ utilization in surfactants, coatings, personal care products, and adhesives will dominate the global market during the forecast period in the Asia Pacific region.
The key market companies profiled in Global Acrylic Esters Market Report are Arkema SA, BASF SE, Evonik Industries, LG Chem Ltd., Momentive Specialty Chemicals Inc., Mitsubishi Chemical Holdings Corporation, OJSC Sibur Holding, Sasol Ltd., Nippon Shokubai Co. Limited, and The Dow Chemical Company.
The report covers the total market for Acrylic Esters. The analysis in the report is based on the Porter’s five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
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Global Acrylic Esters Market, by Type
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-EH Acrylate
Global Acrylic Esters Market, by Application
• Surface Coatings
• Adhesives & Sealants
• Plastic additives
Global Acrylic Esters Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in Global Acrylic Esters Market:
• Arkema SA
• BASF SE
• Evonik Industries
• LG Chem Ltd.
• Momentive Specialty Chemicals Inc.
• Mitsubishi Chemical Holdings Corporation
• OJSC Sibur Holding
• Sasol Ltd.
• Myriant Corporation
• The Lubrizol Corporation
• Basic Acrylic Monomer Manufacturers Inc (BAMM)
• Paari chem resouces LLP
• Parchem fine and speciality chemicals
• Nippon Shokubai Co. Limited,
• The Dow Chemical Company.
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