ACRYLATE MARKET TO REACH USD 12.3 BILLION BY 2027 | CAGR 5.2% – FORENCIS RESEARCH

Global Acrylate Market: Key Highlights

• According to the new market research report “Acrylate Market by Form (Butyl Acrylate, Ethyl Acrylate, 2- Ethyl Hexyl Acrylate, and Methyl Acrylate), by Application (Paints & Coatings, Plastics, Adhesives, Fabrics), by End-Use Industry (Packaging, Consumer Goods, Building & Construction, Textiles, Automotive), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global Acrylate market is estimated to reach USD 12.3 Billion by 2027 at a CAGR of around 5.2% during the review period.
• Arcylate is largely used in paints and  coating application. Increase in the demand for acrylate-based emulsions, which act as binders, solvents, pigments, and additives in various types of paints.
• Acrylates polymer are composed of two or more monomers containing acrylic acid or methacrylic acid or one of their esters
• They are known for improved flow, suitability, and reliable nature. Excellent finish, gloss, UV resistance, light weight and transparency are the important trends and factors, which are driving the market positively.

Global Acrylate Market: Key Market Dynamics

• The growing demand for acrylate adhesives is likely to drive the global acrylate market during the assessment period.
• The high demand for acrylate in adhesives and paints & coatings applications is driving the acrylate market across the globe.
• Moreover, the emerging commercialization of bio-based acrylic acid in the various application is likely to create a new market opportunity for manufacturers acrylate.

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Global Acrylate Market: Regional Overview

• Asia-Pacific

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.

• Europe

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.:

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:

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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