Global Acrylic Esters Market – Industry Analysis and Forecast 2019-2026


Posted December 29, 2020 by akashy

Global Acrylic Esters Market was valued US$ 7.57 Bn in 2019, and expected to reach US$ $ 12.57 Bn by 2026, at CAGR of 6.5 % during forecast period.
 
Global Acrylic Esters Market was valued US$ 7.57 Bn in 2019, and expected to reach US$ $ 12.57 Bn by 2026, at CAGR of 6.5 % during forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



Acrylic Esters is projected to be the fastest growing market due to increasing acceptance of acrylate esters for producing adhesives, synthetic resins, synthetic rubbers and water-based paints. Acrylic ester are 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 of the 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.

Rising construction industry has driven the demand for the acrylate esters market. Demand for coating from construction industry and expansion of butyl acrylates in China are factors driving the global acrylic ester market. In addition, 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 paint and coating industry is driving the growth of acrylate esters market.

Fluctuation in raw material prices is expected to be challenging for the growth of the acrylate esters market.
Rising population and the construction are the key factors to grow the Acrylic ester market in Asia Pacific region. Asia-Pacific dominated global acrylic ester market owing to high demand for the surface coating materials in various industry. Furthermore, rising derivatives utilization in surfactants, coatings, personal care products and adhesives will dominate the global market during the forecast period in Asia Pacific region.

Key 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 total market for Acrylic Esters. The analysis in this 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.

for more info:https://www.maximizemarketresearch.com/market-report/global-acrylic-esters-market/22900/

Scope of Acrylic Esters Market:

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
• Detergents
• Textiles
Global Acrylic Esters Market, by Region

• North America
• Europe
• Asia Pacific
• 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.
• Nippon Shokubai Co. Limited,
• The Dow Chemical Company.
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Last Updated December 29, 2020