Global Butyl Acrylate Ester Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Butyl Acrylate Ester Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Butyl Acrylate Ester falls under the category of unsaturated hydrocarbons. Butyl Acrylate Ester is available in clear colorless liquid and has a characteristic fruity odor, colorless and hygroscopic crystalline solid. Furthermore, the Butyl Acrylate Ester is soluble in organic solvents but shows limited solubility in water, and also exhibits less density than water. Butyl Acrylate Ester can readily polymerize and further exhibits a wide range of properties depending upon the reaction condition and monomer selection. Butyl Acrylate Ester is manufactured and formulated by different processes and reactions such as carbon monoxide, nickel carbonyl, acetylene, and butyl alcohol react together to make Butyl Acrylate Ester. Commercially Butyl Acrylate Ester is available in different types and formulations and manufacturers tailor-made the formulation according to the end-user needs.

Market Overview:

The latest research study on the global Butyl Acrylate Ester market finds that the global Butyl Acrylate Ester market reached a value of USD 5340.82 million in 2022. It’s expected that the market will achieve USD 6632.68 million by 2028, exhibiting a CAGR of 3.68% during the forecast period.

Advantages of Butyl Acrylate Ester

Butyl Acrylate Ester is classified as an unsaturated hydrocarbon. It is a colorless, hygroscopic crystalline solid that appears as a translucent colorless liquid with a distinct fruity odour. Besides, Butyl Acrylate Ester has solubility in organic solvents, but has reduced water solubility and lower density than water. Butyl Acrylate Ester is easy to polymerize and exhibits various properties depending on reaction conditions and monomers used. Butyl Acrylate Ester can impart a variety of desirable properties to polymeric materials, such as color stability, heat resistance, aging resistance, transparency, low temperature flexibility, enhanced weather resistance, and acid and alkali resistance. Butyl Acrylate Ester has different degrees of hardness, durability, viscosity and temperature resistance. Therefore, the outstanding advantages of this organic compound will make its application in the future will continue to increase. All in all, Butyl Acrylate Ester has many advantages that contribute to its popularity.

Increased demand in the construction industry

Butyl Acrylate Ester is the most important type of acrylate known and is widely popular for its hardness, sturdiness, high temperature resistance and high strength. Mainly used in the manufacture of thermoplastic compounds. The demand for Butyl Acrylate Ester is primarily driven by the construction industry as it is heavily used in paints, surface coatings, adhesives and sealants in the construction and automotive industries. Increasing demand for Butyl Acrylate Ester is expected in developing countries as the GDP of these countries is growing at a higher rate. This is expected to boost the automotive and construction industries in developing countries. Due to the high demand for adhesives and carpet backing compounds in the architectural and automotive industries, Butyl Acrylate Ester is ideal for surface coating applications and can be used to formulate waterborne acrylic emulsions for architectural and industrial coatings. The increasing demand from construction activities is therefore expected to strongly drive the growth of the Butyl Acrylate Ester market.

Fierce competition

There are a large number of Butyl Acrylate Ester producers in the world, and their competitiveness levels are roughly the same, which will affect the bargaining power of major players in the industry and require more research and development to form a unique competitive advantage. However, many international companies have rich experience in the field of Butyl Acrylate Ester and have a strong brand image, which will raise the entry threshold of the industry and limit the number of new entrants. Competition within the Butyl Acrylate Ester industry has intensified as key manufacturers and suppliers of the Butyl Acrylate Ester industry compete across the globe. Suppliers adopt strategies such as price competition to maintain market competitiveness. At the same time, local suppliers in developing countries are offering stiff competition to global players based on product pricing. Moreover, small companies or small retailers are entering the industry in large numbers as it does not require a huge amount of capital or investment to venture into the Butyl Acrylate Ester business. However, this may lead to a proliferation of substandard or duplicate products, thereby hampering competition in the market, as the original Butyl Acrylate Ester manufacturers are forced to lower product prices, ultimately affecting their profit margins and sales volume. Therefore, intense competition is not conducive to the sustainable development of the Butyl Acrylate Ester industry.

Region Overview:

In 2021, the share of the Butyl Acrylate Ester market in China stood at 46.97%.

Company Overview:

BASF, Satellite Chemical, Dow were the top 3 players in the Butyl Acrylate Ester market in 2022, taking up a market share of 33.57% together.

Segmentation Overview:

By type, Above 99.5% segment accounted for the largest share of the market in 2021.

Application Overview:

By application, the Adhesives & Sealants segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Butyl Acrylate Ester market covered in Chapter 3:

Satellite Chemical
Wanhua Chemical
Lanzhou Petrochemical (CNPC)
Jurong Group
Mitsubishi Chemical
CNOOC
Sasol
Shenyang Chemical
KAITAI
LG Chem
HUAYI
Handsome Chemical
TOAGOSEI
Arkema
Dow
BASF
SANMU
Hongxin Chemical
Formosa
NIPPON SHOKUBAI

In Chapter 4 and Chapter 14.2, on the basis of types, the Butyl Acrylate Ester market from 2018 to 2029 is primarily split into:

Above 99.5%
Below 99.5%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Butyl Acrylate Ester market from 2018 to 2029 covers:

Adhesives & Sealants
Plastics
Paint & Coatings
Textiles
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)