Global Acrylate Monomers Market was valued US$ US$ XX Mn. in 2019 and is expected to reach US$ US$ 11,225.5 Mn. by 2027, at a CAGR of 5.6% during a forecast period.
Global Acrylate Monomers Market
Introduction and Market Dynamics
Acrylate monomers used to form acrylate polymers are based on the structure of acrylic acid, which consists of a vinyl group and a carboxylic acid ester terminus or a nitrile. The report study has analysed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Global Acrylate Monomers Market was valued US$ US$ XX Mn. in 2019 and is expected to reach US$ US$ 11,225.5 Mn. by 2027, at a CAGR of 5.6% during a forecast period. The paints and coatings segment held the largest market share in 2019, accounting for nearly 46% of the market.
The demand for acrylate monomers within the paints and coatings industry is growing owing to the technical developments within the production process and choice of high-quality raw materials for manufacturing acrylate coatings. Acrylics are broadly used as acrylic solution polymers and acrylic emulsions. Acrylate monomers are generally used as binding agents because of their properties like coloration balance, transparency, and weather resistance. The increasing consciousness about the damaging effects of artificial or solvent-primarily based coatings on health and surroundings has increased the demand for water-based totally coatings. The rising demand for water-based acrylate coatings is predicted to have an affirmative impact on the global acrylate monomers market throughout the forecast period. Some attributes of acrylate monomers account for the specific chemistries that can be given to cease products inside the coatings inks and adhesives industry. Notable of them contain remarkable water resistance capacity, wonderful weatherability, outstanding scratch resistance, and low temperature flexibility.
The striking UV curability and noteworthy adhesiveness properties exhibited by those monomers open it several excessive-performance applications in the paints and coatings industry. For example, the increasing demand for acrylate monomers for ultraviolet and electron beam curing of inks and coatings is enhancing the overall market. Instead, the appearance of bio-based totally or plant oil-based acrylate monomers in the market have allayed the concerns substantially. Mounting efforts to commercialize such products are opening up favourable potentialities in the market. Besides, the appreciably emerging use of acrylate monomers in polymer flooding technology as an advanced oil recovery method in the oil and gas sector is also supplying an extremely good fillip to the boom of the market. In unique, they find applications in amending the physical properties of acrylamides, together with for boosting the temperature and salt resistance ability of the polymers use within the method.
However, stringent policies confining its use due to marked toxic nature caused by direct exposure is a critical aspect impeding the uptake of acrylate monomers formulations on many industries.
Global Acrylate Monomers Market Segment analysis
The paints and coatings segment held the major market share in 2019, accounting for nearly 46% of the market. The most popular paints and coatings are water- based acrylic coatings that are utilized in numerous end-user segments. Environmental concerns regarding the impact of VOCs on air high-quality have led to the substitution of solvent coatings with water-based totally coatings. Water-based acrylate copolymers utilized in coatings offer amazing scrub and stain-resistance, superior pigment wetting, tack-free capacity, and advanced water barrier properties.
Global Acrylate Monomers Market Regional analysis
Asia pacific was projected at US$XX Mn.in 2019 and is expected to reach a value of US$ XX Mn.by 2027. Asia Pacific region is compelled by means of the healthy expansion of leading end-user industries, together with production and infrastructure industry, automotive industry, and fabric industry. The boom within the region is driven with the aid of the sturdy increase of some of end-use industries consisting of construction, automobile, and f textile. Powered with the aid of the rapid economic improvement and the occurrence of a huge middle-class populace in China and India, the acrylate monomers marketplace in Asia Pacific is witnessing speedy growth. Furthermore, rising industrialization, urbanization, and booming residential construction have resulted in the growth of acrylate inside the paints & coatings segment.
North America held a noteworthy share of the acrylate monomer marketplace. Mounting demand for from the paints and coating industry in North America is anticipated to thrust the market in the region at some point of the forecast period. Growing demand from the paints and coating industry in North America is expected to promote the market in the region all through the estimated period.
The acrylate monomers market in Europe region is shifting towards a change with the rise in consumption of methyl acrylate monomers. There has been a reduction in consumption of butyl acrylate monomers within the past few years thanks to the changeable events took place within the European chemical industry.
The objective of the report is to present a comprehensive analysis of the Global Acrylate Monomers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Acrylate Monomers Market dynamics, structure by analysing the market segments and projects the Global Acrylate Monomers Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Acrylate Monomers Market make the report investor’s guide.
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Scope of the Global Acrylate Monomers Market
Global Acrylate Monomers Market, By Product
• Methyl Methacrylate
• Butyl Methacrylate
• Ethyl Methacrylate
• Allyl Methacrylate
• Glycidyl Methacrylate
• Cyclohexyl Methacrylate
• Stearyl Methacrylate
• Lauryl Methacrylate
Global Acrylate Monomers Market, By Application
• Architecture & Construction
• Paints And Coatings Industry
• Advertisement & Communication
Global Acrylate Monomers Market, By Regions
• North America
• South America
• Middle East and Africa (MEA)
Key Players operating the Global Acrylate Monomers Market
• Mitsubishi Chemical
• Evonik Industries
• The DOW Chemical Company
• Sumitomo Chemical
• LG Chem
• Eastman Chemical Company
• Nippon Shokubai
• Estron Chemical
• Miwon Specialty Chemical
• Fushun Anxin Chemical
• Chi Mei Corporation
• Gantrade Corporation
• Ted Pella
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