Acrylate Market size was valued at USD 10,400 million in 2022 and is projected to reach USD 14,700 million by 2033, growing at a CAGR of 6.5% during the forecast period.
The manufacturing, distribution, and consumption of acrylate compounds are all included in the global industry known as the acrylate market. Acrylates are a class of compounds that are generated from methacrylic or acrylic acid, which are widely employed in many different applications because of their adaptable nature.
Acrylates are widely used in a variety of industries, including construction materials, adhesives, textiles, paints, sealants, and plastics. They have a reputation for having outstanding adherence, toughness, flexibility, and resistance to weathering and chemicals. Products based on acrylic are utilized in several industries, including as consumer goods, automotive, electronics, packaging, and healthcare.
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Acrylate Market Dynamics Driver:
Growing building and infrastructure projects
The demand for acrylates has increased recently due to important nations like China and India experiencing rapid industrialization and urbanization. High-performance materials are needed in the architecture and construction sector for both decorative and protective applications. For use in building and construction, acrylate-based solutions including paint, coatings, adhesives, and sealants need to have exceptionally consistent quality and performance at a reasonable price. Consequently, the building and construction sector is experiencing a rise in demand for acrylate-based technologies.
Limitation: Risks to the environment and health
Acrylates are harmful to the environment and human health. It is extremely risky and might result in chronic poisoning to utilize acrylic acids and monomers as raw materials for the synthesis of polymers and copolymers. Acrylic monomers, such methyl acrylates, have been shown to exert systemic and embryotoxic effects even at low concentrations. Moreover, acrylates can induce skin allergies in people and have moderate to low acute toxicity in fish, algae, and daphnia.
By Application
• Paints & Coatings
• Plastics
• Adhesives & Sealants
• Fabrics
By End-use Industry
• Building & Construction
• Packaging
• Consumer Goods
• Automotive
• Textiles
• Biomedical
North America scope in Acrylate Market:
The acrylate market in North America is highly promising due to its wide range of uses in many industries, including paints & coatings, adhesives, textiles, and construction. The area is well-served by modern infrastructure, cutting-edge technology, and a strong emphasis on R&D. The industry is expanding due to the growing demand for sustainable and eco-friendly solutions, and acrylics are becoming more and more popular due to their performance and versatility.
Top Companies in the Acrylate Market
• Dow Chemical Company
• BASF SE
• Arkema SA
• Mitsubishi Chemical Corporation
• Nippon Shokubai Co., Ltd.
• LG Chem Ltd.
• Evonik Industries AG
• Sabur Holding PJSC
• Formosa Plastics Corporation
• Hexion Inc.
Regional Analysis for Acrylate Market:
For a comprehensive understanding of market dynamics, the global Acrylate market is analyzed across key geographies. Each of these regions is analyses based on market research findings for the key countries in the region for a macro-level understanding of the market.
This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the global Acrylate market.
Frequently Requested Questions:
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