Global Acrylate Market: Key Highlights
Global Acrylate Market: Key Market Dynamics
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Global Acrylate Market: Regional Overview
Asia-Pacific is expected to account the largest market share in the acrylate market, followed by Europe and North America. The highest market share in arcylate market of this region is mainly attributed to the the growing populations and disposable incomes which are leading to the high growth of the packaging end-use industry. Furthermore, growing industrialization, urbanization, and booming residential construction have resulted in the growth of acrylate in the paints & coatings segment.
A notable growth is observed in the European market due to the growing awareness and concern about the health care products. It is estimated that the rising disposable income in the consumer goods segment has propelled the market to witness a rapid growth in the region. Owing to these factors, Germany, the U.K., and Italy are projected to be the major contributors to the market during the forecast period.
Global Acrylate Market: Key Players Overview
BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide. In January 2018, a joint venture was established by BASF SE, a major player in the acrylates market, and Adani Group (India), with an investment of about $2.2 billion for a manufacturing complex in Gujarat, India.
Arkema SA engaged in the manufacturing of both industrial chemicals and performance products. The company operates through four business segments namely, advanced material, coating solutions, adhesives, and intermediates. Through these business segments, Arkema SA offers market solutions such as 3D printing, adhesives & sealants, automotive & transportation, building & construction, coating, paints, inks, composite & advanced materials, electronics & electricals, oil & gas, cooling & refrigeration and many others. Arkema SA has its strong presence globally sales over 55 countries with approximately 144 manufacturing sites, 6 research & development sites.
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