Albany – NY, Sept. 26, 2017 (GLOBE NEWSWIRE) — Transparency Market Research has published a new report titled “Acrylate Monomers Market (Product: Butyl Acrylate Monomer, Methyl Acrylate Monomer, 2-Ethyl Hexyl Acrylate Monomer, Ethyl Acrylate Monomer, and Other Acrylate Monomers; Application: Paints & Coatings, Adhesives & Sealants, Plastics, Printing Inks, and Other Applications) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025” According to the report, the global acrylate monomers market was valued at US$ 6,987.9 Mn in 2016 and is estimated to reach US$ 11,112.3 Mn by 2025, expanding at a CAGR of 5.4 % between 2017 and 2025.
Acrylate monomers, a group of monomers which include butyl acrylate, methyl acrylate, ethyl acrylate and 2-ethyl hexyl acrylate monomers are generally used in the paints & coatings applications. The key properties such as UV curability, weather resistance and adhesiveness make them ideal products that are suitable for a wide array of applications. The demand for acrylate monomers is high in the paints & coatings and adhesives & sealants applications. The rising market domain, known as super absorbent polymers is one of the major drivers of acrylate monomers. Asia Pacific is a key market and a major consumer of acrylate monomer. The demand for water based coatings also propel the growth of acrylate monomers market across the globe.
Global acrylate monomers market has been segmented in terms of product, application and geography. Product segment has been categorized into butyl acrylate, methyl acrylate, ethyl acrylate, and 2-ethyl hexyl acrylate monomers. The acrylate monomers market, by application has been categorized into paints & coatings, adhesives & sealants, plastics, printing inks and other applications. The market for acrylate monomers has been analyzed in North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Asia Pacific accounts for a major share in the global acrylate monomers market driven by the robust expansion of leading end-user industries, such as construction and infrastructure industry, automotive industry, and textile industry. North America held a significant share of the acrylate monomer market. Rising demand from the paints and coating industry in North America is estimated to drive the market in the region during the forecast period. The acrylate monomers market in Europe region is moving towards a change with the increase in consumption of methyl acrylate monomers. There has been a decrease in consumption of butyl acrylate monomers in the past few years owing to the unpredictable events took place in the European chemical industry. Middle East & Africa pose an attractive growth platform for the acrylate monomers market with the solid oil & gas sector. The growth opportunities in Latin America, with key players moving towards the region, offers attractive growth for the acrylate monomers market in the region for the next coming years. Stringent regulations in the developed regions associated with the emission of volatile organic compounds are projected to boost the demand for acrylate monomers in the region in the next few years. Latin America and Middle East & Africa are estimated to witness high demand for acrylate monomers in the near future.
Key players profiled in the report include BASF SE, The Dow Chemical Company, Arkema S.A., Mitsubishi Chemical Holding, Hitachi Chemical Co. Ltd, New Japan Chemical Co. Ltd, Evonik Industries AG, LG Chem, and Kuraray Co. Ltd.
The global acrylate monomers market has been segmented as follows:
Acrylate Monomers Market – Product Analysis
- Butyl Acrylate Monomer
- Methyl Acrylate Monomer
- Ethyl Acrylate Monomer
- 2 Ethyl hexyl acrylate Monomer (2-EHA Monomer)
- Others
Acrylate Monomers Market – Application Analysis
- Paints & Coatings
- Adhesives & Sealants
- Plastics
- Printing Inks
- Others
Acrylate Monomers Market – Regional Analysis
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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