Acrylate Monomer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Global Acrylate Monomer Market: Introduction
Acrylate monomers are salts or esters that come from an acrylic acid. Acrylate monomers are the building blocks used in the production of acrylate polymers which are based on structure of acrylic acid. Mainly acrylate monomers are derivatives of acrylic acid. Acrylate monomers are mainly esters which contain vinyl groups. Acrylate monomers are synthesized through direct esterification of alcohols or polyols, the esterification process is carried in the presence of acrylic acid or methaacrylic acid. Acrylate monomers are generally flammable and have pungent odor. Acrylate monomers have high durability, high flexibility, gloss and high UV resistance. Acrylate monomers also offer toughness, clarity, chemical & moisture resistance and light & weather resistance Acrylate monomers are available in different types such as methyl acrylate, butyl acrylate, ethyl acrylate, 2-ethyl hexyl acrylate etc. Acrylate monomers are widely used in coatings, especially in water based coating formulation. Mainly acrylate monomers are used for producing acrylate polymers which are widely used in adhesives, cosmetics and paints & coatings. Besides it acrylate monomers find their applications in various industries such as paints & coatings, adhesives & sealants, printing inks and plastic & polymers among others. Acrylate monomers are toxic and are highly reactive.
Global Acrylate Monomer Market: Dynamics
Increasing consumption of paints & coatings is estimated as a primary driving factor responsible for the growth of acrylate monomer market. Growth in the urban population has given rise to construction activities in developing countries. Increasing construction activities has elevated the demand for architectural as well as decorative paints & coatings. Also, growing industrialization has up surged the demand for industrial coatings. The aforementioned factors have increased the consumption of paints & coatings, which in turn is bolstering the growth of global acrylate monomer market. Rising number of environmental regulations over VOC emissions especially related to solvent borne coatings has increased the demand for water-based coatings, which is expected to have positive impact on the market growth. Rising industrial activities and growth in automotive production has boosted the demand for adhesives & sealants which in turn is expected positively influence the market growth. The demand for printing ink is estimated up rise owing to the growth in packaging industry, thus rise in consumption of printing inks is expected to propel the demand for acrylate monomers. Textile industry growth is also expected to create positive outlook for acrylate monomer market. However the toxicity and hazards associated with acrylate monomers is anticipated to act as restraining factor for the market growth.
Global Acrylate Monomer Market: Segmentation
The global acrylate monomer market is segmented on the basis of its product type and application
The global acrylate monomer market is segmented on the basis of its product type:
The global acrylate monomer market is segmented on the basis of its application:
Global Acrylate Monomer Market: Regional Outlook
Increase in population, rising urbanization and increased spending capabilities has increased the number of construction activities in Asia Pacific region, especially in countries such as India and China. Growth in building & construction activities has up surged the consumption of paints & coatings in the region. Industries such as textile, adhesives, polymer and printing inks are also growing in Asia Pacific region. Owing to the aforementioned factors Asia Pacific can be attributed as prominent market for acrylate monomer market. In the regions such as Europe and North America there shifting preference towards the adoption of water-based coatings owing to the rising number stringent environmental regulations. The predominance of paints & coatings makes Europe & North America a substantial market for acrylate monomer. Regions such as Latin America and Middle East & Africa can be considered as promising market for acrylate owing to the industrial growth and rise in construction activities.
Global Acrylate Monomer Market: Key Participants
Examples of some of the market participants operating in the global Acrylate Monomer market are:
BASF SE, Arkema Group, Dow Inc., LG Chem, Evonik Industries AG, Hexion Corporation, ExxonMobil, Kuraray Co. Ltd., Nippon Shokubai Co., Ltd., Mitsubishi Chemicals, New Japan Chemical Co. Ltd and Hitachi Chemical Co. Ltd among others.
The Acrylate monomer market research report presents a comprehensive assessment of the Acrylate monomer market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Acrylate monomer market research report provides analysis and information according to Acrylate monomer market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
The Acrylate monomer Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Acrylate monomer market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Acrylate monomer market segments and geographies.
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