Acrylate Market Size, Trends, Analysis, and Outlook By Chemistry (Butyl Acrylate, Ethyl Acrylate, 2-Ethyl Hexyl Acrylate, Methyl Acrylate, Others), By Application (Paints and Coatings, Plastics, Adhesives & Sealants, Fabrics, Printing Inks, Others), By End-User (Construction, Packaging, Consumer Goods, Automotive, Textiles, Personal Care, Others), by Country, Segment, and Companies, 2024-2032
The Acrylate Market is forecast to reach USD 24.8 Billion in 2032, registering a growth rate of 7.519% from current market size of USD 13.9 Billion in 2024. The Acrylate market is driven by its wide application in coatings, adhesives, and textiles. The growing construction and automotive industries, which use acrylate-based coatings and adhesives, significantly influence market demand. Additionally, the increasing use of acrylates in textile manufacturing for water-resistant and durable fabrics supports market growth. Technological advancements in acrylate production and formulation enhance product performance and application scope. The market trends towards sustainable and eco-friendly products encourage the development of bio-based acrylates, aligning with environmental regulations and consumer preferences. The Acrylate market is driven by its wide application in coatings, adhesives, and textiles. The growing construction and automotive industries, which use acrylate-based coatings and adhesives, significantly influence market demand. Additionally, the increasing use of acrylates in textile manufacturing for water-resistant and durable fabrics supports market growth. Technological advancements in acrylate production and formulation enhance product performance and application scope. The market trends towards sustainable and eco-friendly products encourage the development of bio-based acrylates, aligning with environmental regulations and consumer preferences.
Acrylate Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Acrylate market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Acrylate" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Acrylate industry.
Key market trends defining the global Acrylate demand in 2024 and Beyond
The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.
Acrylate Market Segmentation- Industry Share, Market Size, and Outlook to 2032
The Acrylate industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Acrylate companies scaling up production in these sub-segments with a focus on emerging countries.
Key strategies adopted by companies within the Acrylate industry
Leading Acrylate companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Acrylate companies.
Acrylate Market Study- Strategic Analysis Review
The Acrylate market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Acrylate Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Acrylate industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.
Acrylate Country Analysis and Revenue Outlook to 2032
The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.
North America Acrylate Market Size Outlook- Companies plan for focused investments in a changing environment
The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Acrylate market segments. Similarly, strong market demand encourages Canadian Acrylate companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.
Europe Acrylate Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Acrylate industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Acrylate market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.
Asia Pacific Acrylate Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Acrylate in Asia Pacific. In particular, China, India, and South East Asian Acrylate markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.
Latin America Acrylate Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Acrylate Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Acrylate market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Acrylate.
Acrylate Market Company Profiles
The global Acrylate market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Arkema S.A., BASF SE, Dow Inc, Eternal Materials Co. Ltd, Evonik Industries AG, Hihang Industry Co. Ltd, Jurong Group, KH Chemicals, Labdhi Chemicals, LG Chem Ltd, Lobha Chemie Pvt. Ltd, Merck KGaA, Mitsubishi Chemical Group Corp, National Industrialization Co., Nippon Shokubai Co. Ltd, Parsol Chemicals Ltd, Resonac Corp, Sasol Ltd, Shanghai Huayi Acrylic Acid Co. Ltd, SIBUR, TCI Chemicals, The Kuraray Group, Toagosei Co. Ltd, Wanhua Chemical Group Co. Ltd
Recent Acrylate Market Developments
The global Acrylate market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Acrylate Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
Market Segmentation:
By Chemistry
Butyl Acrylate
Ethyl Acrylate
2-Ethyl Hexyl Acrylate
Methyl Acrylate
Others
By Application
Paints and Coatings
Plastics
Adhesives & Sealants
Fabrics
Printing Inks
Others
By End-User
Construction
Packaging
Consumer Goods
Automotive
Textiles
Personal Care
Others
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Companies
Arkema S.A.
BASF SE
Dow Inc
Eternal Materials Co. Ltd
Evonik Industries AG
Hihang Industry Co. Ltd
Jurong Group
KH Chemicals
Labdhi Chemicals
LG Chem Ltd
Lobha Chemie Pvt. Ltd
Merck KGaA
Mitsubishi Chemical Group Corp
National Industrialization Co.
Nippon Shokubai Co. Ltd
Parsol Chemicals Ltd
Resonac Corp
Sasol Ltd
Shanghai Huayi Acrylic Acid Co. Ltd
SIBUR
TCI Chemicals
The Kuraray Group
Toagosei Co. Ltd
Wanhua Chemical Group Co. Ltd
Formats Available: Excel, PDF, and PPT