Acrylate Monomers Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Acrylate Monomers market, detailing market size, segmentation, regional dynamics, trends, and forecasts for the period 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $8.50 Billion |
| CAGR (2023-2033) | 5.2% |
| 2033 Market Size | $14.27 Billion |
| Top Companies | BASF SE, Mitsubishi Chemical Corporation, Dow Chemical Company, SABIC, Hexion Inc. |
| Last Modified Date | 15 Nov 2024 |
Acrylate Monomers Market Report (2023 - 2033)
Acrylate Monomers Market Overview
What is the Market Size & CAGR of Acrylate Monomers market in 2023?
Acrylate Monomers Industry Analysis
Acrylate Monomers Market Segmentation and Scope
Request a custom research report for industry.
Acrylate Monomers Market Analysis Report by Region
Europe Acrylate Monomers Market Report:
Europe, with a market size of $2.40 billion in 2023, is anticipated to grow to $4.03 billion by 2033, reflecting a vigorous CAGR of 5.53% as well. The ongoing shift towards green and sustainable products amidst extensive regulations enhances the adoption of acrylate-based applications in various industries.Asia Pacific Acrylate Monomers Market Report:
The Asia Pacific region holds the largest market share in the Acrylate Monomers market, valued at approximately $1.60 billion in 2023. This region is anticipated to grow to $2.69 billion by 2033, representing a healthy CAGR of 5.51%. The increasing demand from developing economies, coupled with a robust manufacturing sector, contributes significantly to this growth.North America Acrylate Monomers Market Report:
North America exhibits a significant market valuation of $3.24 billion in 2023, with expectations to expand to $5.44 billion by 2033, marking a CAGR of 5.53%. The region's advanced technological landscape and stringent regulations on product quality and sustainability continue to drive the acrylate monomers demand.South America Acrylate Monomers Market Report:
In South America, the Acrylate Monomers market is valued at $0.47 billion in 2023 and is projected to reach $0.79 billion by 2033, with a CAGR of about 5.26%. This growth is driven by the rising automotive and construction industries in countries like Brazil and Argentina, fostering demand for adhesive and coating applications.Middle East & Africa Acrylate Monomers Market Report:
This region is projected to grow from a market size of $0.78 billion in 2023 to $1.32 billion in 2033, with a CAGR of 5.37%. The growth is fueled by increasing infrastructural investments and urbanization in key markets like the UAE and South Africa.Request a custom research report for industry.
Acrylate Monomers Market Analysis By Type
Global Acrylate Monomers Market, By Type Market Analysis (2023 - 2033)
Ethyl acrylate dominates the market, with a size of $5.44 billion in 2023, projected to rise to $9.14 billion by 2033, maintaining a significant market share of 64.03%. Butyl acrylate follows with a market size of $2.19 billion, expected to reach $3.68 billion by 2033, constituting 25.77% of the market. Methyl acrylate, while smaller, contributes with $0.87 billion in 2023 and is likely to grow to $1.46 billion, representing 10.20% of the share.
Acrylate Monomers Market Analysis By Application
Global Acrylate Monomers Market, By Application Market Analysis (2023 - 2033)
The paints and coatings application leads the market with a size of $3.63 billion in 2023, anticipated to reach $6.10 billion by 2033 (42.73% market share). Adhesives, valued at $1.76 billion, will grow to $2.95 billion, capturing a 20.7% market share. The textiles application currently represents a share of 13.37% with an increase from $1.14 billion to $1.91 billion in the same timeframe.
Acrylate Monomers Market Analysis By Polymerization Method
Global Acrylate Monomers Market, By Polymerization Method Market Analysis (2023 - 2033)
Free radical polymerization dominates the acrylate monomers market with a size of $7.34 billion in 2023, expected to expand to $12.31 billion by 2033, retaining an 86.30% share. Ionic polymerization, while smaller at $1.16 billion initially, is projected to grow to $1.95 billion, capturing a 13.70% market share.
Acrylate Monomers Market Analysis By End User Industry
Global Acrylate Monomers Market, By End-User Industry Market Analysis (2023 - 2033)
The construction industry is the largest consumer of acrylate monomers, consuming $5.44 billion in 2023 and expected to grow to $9.14 billion by 2033, maintaining a 64.03% market share. Following this, the automotive sector, with an estimated size of $2.19 billion, is projected to reach $3.68 billion, signifying 25.77% share by 2033.
Acrylate Monomers Market Analysis By Geography
Global Acrylate Monomers Market, By Geography - Overview Market Analysis (2023 - 2033)
Geographically, North America and Europe represent considerable portions of the market, collectively accounting for significant shares due to advanced technological infrastructure and strong regulations on product standards. In Asia Pacific, rapid industrialization coupled with burgeoning demand in key sectors indicates a strong growth trajectory in the coming years.
Acrylate Monomers Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Acrylate Monomers Industry
BASF SE:
A top chemical company that operates in the acrylates segment, renowned for its research and development capabilities, producing a wide range of high-performance acrylate products.Mitsubishi Chemical Corporation:
This key player offers various grades of acrylate monomers and is focused on innovation and sustainability in producing acrylic products and solutions.Dow Chemical Company:
Known for its extensive portfolio of acrylate products, Dow Chemical emphasizes eco-friendly processes and cutting-edge technology in its manufacturing operations.SABIC:
This global leader in diversified chemicals leverages its extensive knowledge to develop high-performance acrylate solutions, catering to various industries.Hexion Inc.:
Specializes in resins and specialized chemicals, Hexion's acrylate monomers are integral in producing high-quality coatings and adhesives.We're grateful to work with incredible clients.
