Acrylates are basically the esters or salts of acrylic acids, which are made from the acrylate monomer, that generally consists of esters containing vinyl groups, which are two carbon atoms double bonded to one another and directly joined to the carbonyl carbon of the ester group. These compounds have a wide array of beneficial traits such as transparency, toughness, super-absorbency, hardness, and flexibility, owing to which, they are extensively used in various applications such as those pertaining to cosmetics, paints and coatings, diapers, orthopedics, textiles, and adhesives.



“One of the major factors propelling the demand for these compounds is the increasing number of infrastructural development projects and construction activities”, on account of the rapid urbanization and growing population levels in several countries around the world. The rapid construction of numerous multi-storey buildings and various refurbishment and renovation works have massively boosted the requirement of acrylate-based paints and coatings throughout the world. This is mainly due to the beneficial characteristics of these coatings such as the presence of almost zero volatile organic compounds (VOCs), stability at high temperature ranges, and high durability.

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“The other major factor responsible for the increasing sales of acrylates is the ballooning requirement of acrylic esters in adhesives and sealants across the world”. Due to these factors, the revenue attained from the worldwide sales of acrylates was $10,949.9 million in 2018 and this number is predicted to rise to $12,593.8 million in 2024. Furthermore, “the global acrylates market will demonstrate a CAGR of 4.9% between 2019 and 2024”, as per the forecasts of the market research firm, P&S Intelligence.


Globally, APAC was the largest acrylates market in 2018, and it is expected to maintain the trend during the forecast period. This can be mainly attributed to the presence of established players, increase in the demand for water-based paints & coatings, and rise in infrastructure development activities, which has spearheaded the demand for acrylates. Considering the future industry scenario, China is expected to lead the region’s market, generating revenue worth $6,805.0 million in 2024.The country’s high-volume downstream product manufacturing capabilities and rising living standards and per capita income would boost the demand for acrylic formulations, which act as the building blocks for thousands of polymer intermediates used in surface coatings, textiles, adhesives, and plastics.