Global Acrylic Monomers Market, By Product (Butyl Acrylate Monomer, Methyl Acrylate Monomer, 2-Ethyl Hexyl Acrylate Monomer, Ethyl Acrylate Monomer), Type (Acrylamide and Meth Acrylamide, Acrylate, Acrylic Acids and Salts, Acrylonitrile, Bisphenol Acrylics and Methacrylate), Application (Paints and Coatings, Adhesives and Sealants, Plastics, Printing Inks, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Market Analysis and Insights of Acrylic Monomers Market
The acrylic monomers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market will to grow at a CAGR of 5.4% in the above-mentioned forecast period.
Acrylic monomers basically consist of vinyl group and carboxylic acid and are basically used to form acrylate polymers that have a similar structure to acrylic acid. They are used to prepare products such as paints, logos, fake eyeballs, among others. They possess superior properties such as the durability, UV resistance, gloss, and high flexibility which is why they are used in the textile, construction, automotive, and painting industry.
The factors such as expanding demand for plastics as a dissolvable in end-user industry and rubber manufacturing and development within the sum of ordinances on confining hydrocarbons oil substance in propellant are the root cause fueling up the market growth rate in the forecast period of 2022 to 2029. In addition to this, the factors expected to cushion the growth of the market are accelerating market for acrylic monomers and mounting consumption of butyl acrylate as a solution coupled with superior properties of acrylic monomers such as durability, UV resistance, gloss, and high flexibility within the forecast period. Additionally, the advance in investigation ventures to expand the chemical substance of acrylic monomers by definition paints and coatings are further expected to cushion the overall markets growth in the forecast period of 2022 to 2029. Furthermore, the significant increase in the demand from the textile industry and growing developments in the construction and infrastructure industry in emerging economies are expected to foster the growth of the acrylic monomers market. On the other hand, concerns regarding the toxic effects of acrylate monomers is also expected to hamper the market’s growth within the forecasted period.
The manufacturers focus on research and development to discover the bio-based roots are estimated to generate numerous opportunities for the market. On the flip side, the stringent policies confining its use due to marked toxic nature caused by direct exposure are projected to pose as a major challenge to the growth of the acrylic monomers market.
This acrylic monomers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on acrylic monomers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Acrylic Monomers Market Scope and Market Size
The acrylic monomers market is segmented on the basis of product, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the acrylic monomers market is segmented into butyl acrylate monomer, methyl acrylate monomer, 2-ethyl hexyl acrylate monomer, ethyl acrylate monomer.
- On the basis of type, the acrylic monomers market is segmented into the acrylamide and meth acrylamide, acrylate, acrylic acids and salts, acrylonitrile, bisphenol acrylics and methacrylate.
- On the basis of application, the acrylic monomers market is segmented into paints and coatings, adhesives & sealants, plastics, printing inks and others.
Acrylic Monomers Market Country Level Analysis
The acrylic monomers market is analyzed and market size, volume information is provided by product, type and application as referenced above.
The countries covered in the acrylic monomers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the acrylic monomers market owing to the excellent production of acrylate and ethyl acrylate and well established distribution channel in the region in the forecast period of 2022 to 2029. Asia-Pacific on the other hand, will continue to however show lucrative growth within the forecast period owing to the growing application and demand from industries due to increasing the use of compounds in surfactants, coatings, personal care goods, and adhesives.
The country section of the acrylic monomers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acrylic Monomers Market Share Analysis
The acrylic monomers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acrylic monomers market.
Some of the major players operating in the acrylic monomers market report are BASF SE, Dow, Mitsubishi Chemical Holdings Corporation, Hitachi Ltd., New Japan Chemical Co., Ltd, LG Chem, Kuraray Co. Ltd., Formosa Plastics Corporation., Kailash Group., SAMCO, Methacrylate Producers Association Inc., Petrochem, DuPont, Applied Science, Inc., Asahi Kasei Corporation, United Ink, Premier Pigments and Chemicals, and Modern Industrial Plastics among others.