The Global Acrylate Market is projected to reach a value of over USD 12.3 billion by 2027 at a CAGR of around 5.2%.
Acrylate is esters, salts and conjugate base of acrylic acid and its derivatives. A large part of this chemical compound is employed as a filler to obtain acrylate ester. Acrylates contain vinyl groups directly attached to the carbonyl carbon. These monomers are of interest because they are bifunctional. The vinylgroup is susceptible to polymerization and the carboxylate group carries myriad functionality. Acrylates is a monomer in polymer plastics, forming the acrylate polymers. Acrylates easily form polymers.
Market Driver:
Acrylate adhesives provide excellent environmental resistance and fast-setting times when compared to other resins systems. They are created by polymerizing acrylic or methyl acrylic acids through a reaction with a suitable catalyst. acrylate adhesives cure through a free radical mechanism. While they are usually supplied in a two-component form, they do not typically require mixing. The catalyst, accelerator, or hardener can be applied to one surface and the acrylic resin to the other surface. Acrylate adhesives are used in construction, automotive and many other applications. Thus, the growing demand for acrylate adhesives is likely to drive the global acrylate market during the assessment period.
Market Opportunities:
The bio-based acrylic acid is used as a raw material for the production of paints and coatings, due to the rapidly increasing pressure from consumers and regulatory authorities, to reduce the environmental impact caused by the increasing usage of synthetic products. Moreover, increasing demand for bio-based superabsorbent polymers and rising demand for bio-based polymer in healthcare applications is also likely to drive the demand for bio-based acrylic acid. The growing interest in newer renewable technologies is driven by - the need to meet well-defined sustainability agendas and improved coating performance, which can be obtained by the usage of bio-based raw materials, like bio-acrylic acid. Thus, the emerging commercialization of bio-based acrylic acid in the various application is likely to create a new market opportunity for manufacturers acrylate.
The report on the Acrylate market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Type, Application, End-use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Acrylate Market, by Form
Acrylate Market, by Application
Acrylate Market, by End-Use Industry
Acrylate Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ACRYLATE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY