Global Butyl Acrylate Market to Reach $11.5 Billion by 2030
The global market for Butyl Acrylate estimated at US$7.6 Billion in the year 2023, is expected to reach US$11.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. I-Butyl Acrylate, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the N-Butyl Acrylate segment is estimated at 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 9.2% CAGR
The Butyl Acrylate market in the U.S. is estimated at US$2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2030.
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