The acrylate monomers market is anticipated to experience significant growth opportunities in the upcoming years. This market growth is on the back of the recovery of construction industry around the world. This recovery is possible with the increasing use of the acrylate monomers in coatings and paints that have been integral to construction undertakings.
The savvy players in the acrylate monomers market have been establishing a partnership with OEM merchandisers, designers, and manufacturers. The key objective of this partnership is the development of acrylic products with the use of inexpensive formulations. Expansion in the new geographies and mergers and acquisitions are some of the prominent factors to drive growth opportunities in the market.
The water-based coatings are likely to create considerable demand opportunities in the acrylate monomers market. This rising demand is due to the capacity of these monomers for the improvement of different physical properties of formulation. According to the data provided by the Paint Quality Institute, the water-based coatings or paints have been estimated to account for around 80% of the household paints, in the developed regions.
On the other hand, the regulations related to the application of acrylate monomers are creating obstacles in the market growth. These obstacles are related to the hazards and toxicity associated with direct exposure to the substances.
As per the research report by Transparency Market Research, the acrylate monomers market is estimated to reach a CAGR of 5.4% and gain a valuation of US$ 11,112.3 Mn. during the forecast period from 2017 to 2025.
Increasing Popularity of Water-based Paints Due to Extensive Application Projected to Fuel Growth Opportunities in Acrylate Monomers Market
The acrylate monomers market has been impacted by the recuperation of the development area. This is an outcome of the broad application of acrylate monomers in coatings and paints for various development endeavors. Especially, water-based coatings display a significant interest for the acrylate monomers due to their capabilities to improve the actual properties of the development plans. According to the Paint Quality Institutes, the water-based coatings or paints represent practically around 80% of the family paints.
The increasing use of the acrylate monomers plans for coatings, inks, and paints making serve as a crucial factor to boost growth opportunities in the market. The growing utilization of the acrylate monomers in the water-based coatings complements the development of the market during the forecast period. Further, the acrylate monomers market is anticipated to progress with increasing interest for the water-based coatings or paints in different development areas. Owing to these factors, the acrylate monomers market has been anticipated to bolster demand opportunities in the upcoming years.
Some of the key players operating in the acrylate monomers market include LG Chem., BASF SE, New Japan Chemical Co Ltd., Arkema S.A., Mitsubishi Chemical Holding, Hitachi Chemical Co. Ltd, Kuraray Co. Ltd., Evonik Industries AG, and The Dow Chemical Company.
Asia Pacific Region Projected to Contribute with Major Portion in Acrylate Monomers Market
The acrylate monomers market has been spread across various geographical regions around the world including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The Asia Pacific region is predicted to hold an attractive position in the market in the forthcoming years. This market dominance is on the back of the growing count of different end-use industries, for example, textile, automotive, and construction. Further, the emergence of middle-class population in India and China is also serving as a key driver to boost growth opportunities in the regional market. In addition to this, the rapid economic development has been anticipated to increase growth impetus in the acrylate monomers market.
The acrylate monomers market in the North America region is expected to be driven by the rising demand for the water-based coatings from the paint & coatings sector.
The global acrylate monomers market is divided into:
- Global Acrylate Monomers Market, by Product Analysis
- Butyl Acrylate Monomer
- Methyl Acrylate Monomer
- 2 Ethyl Hexyl Acrylate Monomer
- Ethyl Acrylate Monomer
- Global Acrylate Monomers Market, by Application Analysis
- Paints & Coatings
- Adhesives & Sealants
- Printing Inks
- Global Acrylate Monomers Market, by Regional Analysis
- North America
- The U. S.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America
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