(MENAFN- America News Hour) Acrylate Monomers Market which delivers detailed overview of the global acrylate monomers market in terms of market segmentation by product type, application, end user industry, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Acrylate Monomers Market Statistics –
USD 7 billion revenue in 2022 The market size is projected to record a valuation of over USD 15 billion by 2035 The acrylate monomer industry is slated to observe 6% growth rate through 2023-2035
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The global acrylate monomers market is estimated to occupy a large amount of revenue by growing at a CAGR of 6% during the forecast period, i.e., 2023 – 2035, owing to the rising demand for water-based acrylate coatings in place of solvent-based coatings, and increasing use of the product in the plastics industry. Along with this, growing investments in construction activities leading to the need for high-performance formulations in paints is also expected to accelerate the growth of the market in the upcoming years. Between 2020-2025, the construction sector is calculated to grow by more than 4 percent. In addition, from 2020 to 2030, the growth in construction output was valued at about 3 percent per annum.
The market is segmented by product type, application and end user. Based on product type, the methyl acrylate segment is anticipated to occupy the largest share during the forecast period on the back of the high usability of the chemical in medical and dental applications. Additionally, by application, the plastics segment is projected to grab the largest share over the forecast period attributing to the surging use of acrylate plastics as a substitute of glass for increasing life and reducing weight of the product.
Geographically, the global acrylate monomers market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to grab the largest share in the market during the forecast period attributing to the high use of acrylate monomers in automobile, construction and textile industries in the region. Moreover, the market in North America region is assessed to witness noteworthy growth in the future owing to the surging demand for acrylate in the paint and coating industry, and high production of ethyl acrylate.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
According to a recent study by Research Nester, the acrylate monomers market size is anticipated to surpass USD 15 Bn by 2035 and is projected to expand at a CAGR of over 6% from 2023 to 2035.
Major players include in the global acrylate monomers market:
Arkema, Inc., BASF SE, The Dow Company, Eastman Chemical Company, Mitsubishi Corporation, Estron Chemical Inc., Evonik Industries AG, Sumitomo Chemical Co., Ltd., LG Chem Ltd., Kuraray Co., Ltd,
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Increasing Application of the Product in the Plastics Industry Worldwide to Drive Market Growth
The plastics produced from acrylate monomers have high tensile strength, and are resistance to ultraviolet radiation and weathering. In addition, the plastics made from this material have excellent aesthetic appeal and are available in a wide range of colors. This is anticipated to significantly drive market growth in the near future.
However, harmful impact of acrylate monomers is expected to operate as key restraint to the growth of the global acrylate monomers market over the forecast period.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global acrylate monomers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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