According to a recently conducted research about the global acrylates market, as an overall, it is projected to reach approximately 5,686 thousand tons by the end of 2023, increasing at a CAGR of around 3% per year in the period 2017-2023.
The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Although acrylates are predominantly used for the production of polyacrylates and inks, the analysis considers the application of acrylates across various industries. In particular, the largest share of acrylates consumption is for the production of polyacrylates, which experienced a volume growth of about 6% per year. Meanwhile, the chemical's application for other plastics has been growing with the highest rate of about 7.78% per year.
Regionally, the largest global acrylates market was North East Asia, which accounted for about 40% of the total in volume terms. In comparison, Africa was the smallest global acrylates market during the analyzed period and is expected to remain such in the medium term.
Acrylates are highly dependent on the development of end-use markets such as coatings, paints, plastics, adhesives & sealants, printing inks and others. Based on type of functional group, the fastest growing one on the global acrylates market is 2 ethyl hexyl acrylate.
One of the leading trends on the global acrylates market is connected with the rapidly increasing application of acrylates in the paints and coatings industry. The increasing infrastructural developments and the expanding construction industry are just some of the factors, supporting the continuously evolving paints and coatings industry.
In combination with the increasing disposable incomes and the growing renovation and refurbishment activities, the global acrylates market has been growing in the past few years. As a matter of fact, since acrylate coatings withstand hydrolysis and exhibit low absorption of ultraviolet light, they offer excellent resistance to weathering and chemicals. As a result, the demand for acrylic binder market has increased.
Geographically, North East Asia was the leading region for the global acrylate monomers market, while Asia Pacific and Africa, on the other hand, were the fastest- growing markets. In North America, the acrylates market usually follows GDP and over the past few years the consumption in the region increased. Particularly in Europe, the availability of 2-ethylhexyl acrylate, ethyl acrylate and methyl acrylate was limited in 2017. This was a result from the explosion and consequent fire at BASF's Ludwigshafen site in mid-October.
Key Topics Covered
2. Executive Summary
3. Characteristics of Acrylates
4. State of the Global Demographics and Economy
5. Overview and Analysis of the Global Acrylates Market
6. Overview and Analysis of the Global Production of Acrylates
7. Characteristics and Analysis of the Global Prices of Acrylates
8. Overview and Analysis of the Global Imports of Acrylates
9. Overview and Analysis of the Global Exports of Acrylates
10. Balance Between Supply and Demand on the Global Acrylates Market
- Evonik Degussa
- Gazprom Neftekhim Salavat
- Saudi Acrylic Monomer
- Dow Chemical
- Beijing Dongfang Pc
- Formosa Plastics Corp.
- Jiangmen Handsome
- Jiujiang Chemical Plant
- Nantong Zhongtai Chemical
- Panjin Liaohe Chem. Group
- Petrochina Jilin Pc
- Shandong Hongxin Chem.
- Shenyang Paraffin Chem.
- Wanzhou Pc
- Zhejiang Satell. Pc
- Zhenghe Group
- Idemitsu Kosan
- Mitsubishi Chemical
- Nippon Shokubai
- LG Chemical
- Bharat Petroleum Corp.
- Indian Oil Corp.
- Reliance Ind.
- BASF Petronas Chem.
- Singapore Acrylic
For more information about this report visit https://www.researchandmarkets.com/research/h69755/the_global?w=4