Aug 14, 2017   SOURCE: BusinessWire

$9.88 Billion Acrylate Market 2017 by Chemistry, Application, End-Use Industry & Regions - Global Forecast to 2022 - Research and Markets

The "Acrylate Market by Chemistry (Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate), Application (Paints & Coatings, Adhesives, Fabrics), End-use Industry (Packaging, Consumer Goods, Building & Construction, Automotive), Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The acrylate market was valued at USD 6.86 billion in 2016 and is projected to reach USD 9.88 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022.

The increasing demand for acrylate in end-use industries such as packaging, consumer goods, building & construction, automotive and textiles is driving the acrylate market. Acrylic monomers possess properties such as flexibility, hardness, and gloss and are thus suitable for a wide variety of applications in these end-use industries. Environmental and health issues posed by acrylate monomers are restraining the market.

Paints & coatings is projected to be the largest and fastest-growing application among all applications. Growing demand for water-based coatings due to increasing environmental concerns has propelled the growth of acrylates in paints & coatings. In addition, growth in residential and construction and renovation has further led to the growth in this application.

The packaging end-use industry segment is leading the acrylate market and is projected to grow at the highest CAGR during the forecast period. The growth of this segment of the market can be attributed to the increased use of acrylate for fabrics, plastics, paper, and metals in the form of packaging.

The Asia Pacific acrylate market is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for paints & coatings in the region from the growing construction industries as a result of growing middle class populations, rapid urbanization, and increasing purchasing power of consumers. Consumer goods and packaging end-use industries in the region also fuel the demand for acrylate in the Asia Pacific region contributing to the growth of the acrylate market.

Market Dynamics

Drivers

  • Increasing Use of Acrylates in Adhesives
  • High Demand of Acrylates in Paints
  • High Demand of Acrylates in Water-Based Emulsions

Restraints

  • Environmental And Health Hazards

Opportunities

  • Emerging Commercialization of Bio-Based Acrylic Acid

Challenges

  • Volatility in Raw Material Prices

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macro Economic Indicators

7 Acrylate Market, By Chemistry

8 Acrylate Market, By Application

9 Acrylate Market, By End-Use Industry

10 Acrylate Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Air Liquide
  • Arkema
  • Basf
  • Evonik Industries
  • Formosa Plastics Corporation
  • Jiangsu Jurong Chemical & Industrial Co. Ltd.
  • Lg Chem.
  • Loba Chemie Pvt.Ltd
  • Merck Millipore
  • Mitsubishi Chemical Corporation.
  • Nippon Shokubai Co., Ltd.
  • Polysciences Inc.
  • Sasol Limited
  • Saudi Acrylic Monomer Company Limited
  • Shanghai Huayi Acrylic Acid Co., Ltd.
  • Shanghai Lang Chemical Co., Ltd
  • Shenyang Chemical Co Ltd
  • Sibur
  • Synthomer
  • Taixing Jurong Chemical Co., Ltd.
  • Tci America
  • the Dow Chemical Company
  • Toagosei Co., Ltd.
  • Wanhua Chemical Group Co., Ltd.
  • Zhejiang Satellite Petrochemical Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/research/27g5z4/acrylate_market