Global Acrylic Ester Market By Type (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-Ethyl Hexyl Acrylate, Others) By Application (Surface Coatings, Adhesives & Sealants, Plastic Additives, Textiles, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global Acrylic Ester Market accounted for USD 7621.8 million in 2016 and is projected to grow at a CAGR of 6.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Acrylic esters are acrylic acid based polymers which are used in water-based coating solutions. It has replaced solvent based paints and sealants.
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High thermal stability and oil resistance are key features of acrylic esters. There is a growing demand for acrylic ester in surface coatings, adhesives & sealants, plastic additives and textiles industrial activity, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers and Restraint:
- High demand of coatings in construction sector
- Increasing demand of water-based coatings
- Expansions of butyl acrylates in China
- High fluctuations in raw material prices
- Health hazards by acrylic Easter
The global acrylic ester market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in acrylic ester market include Arkema SA, BASF SE, Sibur Holding, Evonik Industries, Hexion, LG Chem, Mitsubishi Chemical Holdings Corporation, Nippon Shokubai Co. Ltd., Sasol Ltd., The Dow Chemical Company, Momentive Specialty Chemicals Inc., Sahara PCC, CPJ Technologies and many more.
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On The Basis Of Type: - methyl acrylate, ethyl acrylate, butyl acrylate, 2-ethyl hexyl acrylate and others.
On The Basis Of Application: - surface coatings, adhesives & sealants, plastic additives, textiles and others.
On The Basis Of Geography, the acrylic ester market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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