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Acrylate Market size was valued at US$ 14,873.4 Million in 2023 and is anticipated to grow at a CAGR of 5.3% from 2024-2030. The acrylate market is a significant and dynamic segment of the global chemicals industry that deals with the production and distribution of acrylates, which are a group of compounds derived from acrylic acid. Acrylates find widespread applications in various industries due to their easy processability and exceptional properties such as good impact toughness and resistance to breakage, transparency, elasticity, fairly good heat, and oil resistance. These compounds are used to produce a wide range of products, including adhesives, coatings, sealants, textiles, and more. The most common types of acrylates include methyl acrylate, ethyl acrylate, butyl acrylate, and 2-ethylhexyl acrylate, each having its own unique set of properties and applications. The paints and coatings industry is a significant consumer of acrylates, contributing to the rapid growth of the acrylate market.
The rising demand for durable and weather-resistant coatings in the construction, automotive, and industrial sectors is driving the need for acrylate-based formulations. Moreover, Acrylates are widely used in the production of adhesives and sealants due to their excellent bonding properties and adhesion to different substrates, which has led to a rise in their demand in the expanding adhesives and sealants industries. Furthermore, increasing focus on bio-based acrylates as a more sustainable alternative to traditional petroleum-based acrylates is presenting potential opportunities for the growth of the acrylate market. However, the usage of acrylates in some applications may be restricted due to rising environmental concerns as well as safety issues associated with their use and handling, which would subsequently restrain the expansion acrylate market. key manufacturers are focusing on the development of innovative solutions to contribute to market growth. For instance, in April 2023, Arkema launched its Incellion range of sustainable waterborne acrylic solutions for high-capacity anodes, cathode primers, and ceramic-coated separators.
Study Period
2024-2030Base Year
2023CAGR
5.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The rising construction activities are majorly driving factors for the growth of acrylate market. The construction industry's growth, driven by urbanization and infrastructure development, is creating a higher demand for acrylates in cement and mortar formulations. Acrylates are used as additives to improve workability and durability in construction materials. Ongoing research and development efforts have resulted in the development of advanced acrylate formulations with enhanced properties, further expanding their application scope and driving market growth. Moreover, the packaging industry's evolution, particularly in flexible packaging solutions, has driven the demand for acrylates used in adhesives and coatings for packaging materials such as films and foils. Furthermore, acrylates are used as additives in plastics to improve impact resistance, flexibility, and UV stability.
Acrylate market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region is witnessing rapid growth in the Acrylate Market, driven by the booming industrial sector and construction activities. Countries like China, India, Japan, and South Korea are major contributors to the regional market. The region's large population, rising disposable income, and urbanization are increasing the demand for consumer goods, automotive, and construction materials, leading to higher consumption of acrylates. Europe is another important market for acrylates, with countries like Germany, France, and the United Kingdom leading the demand. The implementation of sustainability initiatives and stringent regulations for environmental protection also drive the demand for bio-based acrylates, ultimately contributing to the growth of the acrylate market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
5.3% |
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By Type |
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By Application |
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Acrylate market was valued at US$ 14,873.4 Million in 2023 and is anticipated to grow at a CAGR of 5.3% over 2024-2030.
Rising focus on R&D and product innovation, emerging markets, and collaboration with end-use industries are some of the factors that create potential opportunities for the growth of the acrylate market.
The development of bio-based and eco-friendly acrylate polymers and increasing demand for waterborne acrylates are some of the major trends in the acrylate market.
Nippon Shokubai Co., Ltd., Sasol Limited, LG Chem., Mitsubishi Chemical Corporation, The DOW Chemical Company, Formosa Plastics Corporation, SIBUR, Arkema Group, Evonik Industries, BASF SE, KURARAY CO., LTD are a few companies operating in acrylate market.
| 1.Executive Summary |
| 2.Global Acrylate Market Introduction |
| 2.1.Global Acrylate Market - Taxonomy |
| 2.2.Global Acrylate Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Acrylate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Acrylate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Acrylate Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Butyl Acrylate |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ethyl Acrylate |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Methyl Acrylate |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Acrylate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Paints and Coating |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Adhesives and Sealants |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Printing Inks |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Plastics |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Buildings and Constructions |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Textiles |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Cosmetics and Personal Care |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Automotive |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Pharmaceuticals |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. Other Applications |
| 6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 7.Global Acrylate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Acrylate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Butyl Acrylate |
| 8.1.2.Ethyl Acrylate |
| 8.1.3.Methyl Acrylate |
| 8.1.4.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Paints and Coating |
| 8.2.2.Adhesives and Sealants |
| 8.2.3.Printing Inks |
| 8.2.4.Plastics |
| 8.2.5.Buildings and Constructions |
| 8.2.6.Textiles |
| 8.2.7.Cosmetics and Personal Care |
| 8.2.8.Automotive |
| 8.2.9.Pharmaceuticals |
| 8.2.10.Other Applications |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Acrylate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Butyl Acrylate |
| 9.1.2.Ethyl Acrylate |
| 9.1.3.Methyl Acrylate |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Paints and Coating |
| 9.2.2.Adhesives and Sealants |
| 9.2.3.Printing Inks |
| 9.2.4.Plastics |
| 9.2.5.Buildings and Constructions |
| 9.2.6.Textiles |
| 9.2.7.Cosmetics and Personal Care |
| 9.2.8.Automotive |
| 9.2.9.Pharmaceuticals |
| 9.2.10.Other Applications |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Acrylate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Butyl Acrylate |
| 10.1.2.Ethyl Acrylate |
| 10.1.3.Methyl Acrylate |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Paints and Coating |
| 10.2.2.Adhesives and Sealants |
| 10.2.3.Printing Inks |
| 10.2.4.Plastics |
| 10.2.5.Buildings and Constructions |
| 10.2.6.Textiles |
| 10.2.7.Cosmetics and Personal Care |
| 10.2.8.Automotive |
| 10.2.9.Pharmaceuticals |
| 10.2.10.Other Applications |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Acrylate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Butyl Acrylate |
| 11.1.2.Ethyl Acrylate |
| 11.1.3.Methyl Acrylate |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Paints and Coating |
| 11.2.2.Adhesives and Sealants |
| 11.2.3.Printing Inks |
| 11.2.4.Plastics |
| 11.2.5.Buildings and Constructions |
| 11.2.6.Textiles |
| 11.2.7.Cosmetics and Personal Care |
| 11.2.8.Automotive |
| 11.2.9.Pharmaceuticals |
| 11.2.10.Other Applications |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Acrylate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Butyl Acrylate |
| 12.1.2.Ethyl Acrylate |
| 12.1.3.Methyl Acrylate |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Paints and Coating |
| 12.2.2.Adhesives and Sealants |
| 12.2.3.Printing Inks |
| 12.2.4.Plastics |
| 12.2.5.Buildings and Constructions |
| 12.2.6.Textiles |
| 12.2.7.Cosmetics and Personal Care |
| 12.2.8.Automotive |
| 12.2.9.Pharmaceuticals |
| 12.2.10.Other Applications |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Nippon Shokubai Co., Ltd. |
| 13.2.2.Sasol Limited |
| 13.2.3.LG Chem. |
| 13.2.4.Mitsubishi Chemical Corporation |
| 13.2.5.The DOW Chemical Company |
| 13.2.6.Formosa Plastics Corporation |
| 13.2.7.SIBUR |
| 13.2.8.Arkema Group |
| 13.2.9.Evonik Industries |
| 13.2.10.BASF SE |
| 13.2.11.KURARAY CO., LTD |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.