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Redding, California - November 8, 2024

Acrylate Market to Reach $18.31 Billion by 2031

Acrylate Market Size, Share, Forecast, & Trends Analysis by Product (Butyl Acrylate, Methyl Acrylate, Ethyl Acrylate), Grade, Application (Plastics {PVC}, Synthetic Resins), End User (Building & Construction {Commercial}, Automotive)—Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled 'Acrylate Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the acrylate market is expected to reach $18.31 billion by 2031, at a CAGR of 7.4% from 2024 to 2031.

The growth of this market is driven by the increasing demand for adhesives and sealants applications, rising use of acrylate in the paints and coatings industry, and increasing demand for polyethylene. In addition, rising use in medical and healthcare applications and increasing demand from emerging economies are expected to create market growth opportunities for the stakeholders in this market. Moreover, the increasing demand for low-VOC and eco-friendly acrylate products and growing focus on high-performance acrylates for automotive coatings are major trends in the acrylate market

Key Players

The acrylate market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the acrylate market are BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Kuraray Co., Ltd.(Japan), Nippon Shokubai Co., Ltd. (Japan), Arkema S.A. (France),The Dow Chemical Company (U.S.), Sasol Limited (South Africa), KH Chemicals BV (Netherlands), LG Chem, Ltd. (South Korea), SIBUR International GmbH (Austria), and Polysciences, Inc. (U.S.).

The acrylate market is segmented based on product, grade, application, and end user. This study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the products studied in this report, in 2024, the butyl acrylate segment is expected to dominate the acrylate market. The wide range of applications, including adhesives, paints, coatings, and automotive contribute to the segment’s dominant position in the acrylate market. Furthermore, the expansion of construction and automotive industries, technological advancements, and rising demand for pressure-sensitive adhesives are expected to boost the demand for this segment.

Among the grades studied in this report, the standard grade segment is anticipated to hold the dominant position, with a large share of the acrylate market in 2024. The widespread applications and growing demand from construction sector, along with advantages such as cost-effectiveness and balanced performance supports the segment's dominance in the acrylate market.

Among the applications studied in this report, the adhesives & sealants segment is anticipated to hold the dominant position, with a large share of the acrylate market in 2024. The solid bonding capabilities, fast-setting times, adaptability across various applications, and rising demand for flexible & high-performance adhesives contribute to the segment’s dominant position in the acrylate market.

Among the end users studied in this report, the buildings & construction segment is anticipated to hold the dominant position, with a large share of the acrylate market in 2024. The global trend of increasing urbanization and population is significantly boosting the demand for residential, commercial, and infrastructure projects, primarily contributing to the segment’s dominant position in the acrylate market. Furthermore, the rising trend of green buildings, increasing investments in infrastructure development, and technological advancements are expected to support the growth of this market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, Spain, Italy, U.K., Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa ((South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa).

In 2024, Asia-Pacific is expected to dominate the acrylate market. The dominating share of this regional market can be attributed to several factors, such as growing population, easy availability of raw materials, and rapid industrialization and urbanization. Additionally, supporting government policies for infrastructure development further contributes to the regional market growth. Furthermore, in 2024, China is expected to account for the largest share of the acrylate market in this region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6082

Key Questions Answered in the Report

What is the value of revenue generated from the sale of acrylate?
At what rate is the global demand for acrylate projected to grow for the next five to seven years?
What is the historical market size and growth rate for the acrylate market?
What are the major factors impacting the growth of this market at a global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product, grade, application, and end user segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the acrylate market?
Who are the major players in the acrylate market? What are their specific product offerings in this market?
What recent developments have taken place in the acrylate market? What impact have these strategic developments created on the market?

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Redding, California - November 8, 2024

Acrylate Market to Reach $18.31 Billion by 2031

Acrylate Market Size, Share, Forecast, & Trends Analysis by Product (Butyl Acrylate, Methyl Acrylate, Ethyl Acrylate), Grade, Application (Plastics {PVC}, Synthetic Resins), End User (Building & Construction {Commercial}, Automotive)—Global Forecast to 2031

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