The acrylate market was valued at USD 7.99 billion in 2022 and is predicted to reach USD 9.35 billion by 2028 with a compound annual rate of 8.5% from 2023-2028

A strong call for acrylate in adhesive and paint applications and coatings is the driving force behind the acrylate industry worldwide. The major fashion seen in the acrylate industry is the rising customer preference for acrylic-based emulsions over oil-based goods. This change is primarily attributed to the benefits of these products, which include short drying time, colorfastness, wear, water resistance, and environmental friendliness. Furthermore, water-based paints are durable, stable under extreme conditions, and free of volatile organic compounds (VOCs), which encourages their application in interior and exterior wall coverings.

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Challenges in the Acrylate Market:

Strict regulations relating to the production of acrylate will be a major challenge to the industry expansion.

Acrylate Market Segmentation:

Acrylate Market - By Application

Paints and coatings
Plastics
Adhesives
Fabrics
Others
Paints and coatings are predicted to be the largest and fastest application of acrylate during the foreseen period. High potential in the construction sector due to changes in lifestyles, infrastructure development, and escalated disposable income, as well as escalated renovation and renovation activities, have supported the paints & coatings industry. Escalated auto sales also provided expansion potential for acrylate in automotive paints and coatings.

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Acrylate Market - By End-use

Packaging
Consumer goods
Building and Construction
The packaging uses acrylates in paper coatings, consumer goods coatings and as dispersants in inks employed in textile printing and printing on packaged products, among others. The expansion of e-commerce has fuelled the expansion of the packaging industry, which in turn led to the expansion of the acrylate industry.

Acrylate Market - By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Recent Developments:

BASF newly introduced 2-propylheptyl acrylate, the latest raw material. This milestone shows the firm's continued expansion of its portfolio.

Sartomer Europe introduces the latest acrylate solutions that allow higher performance for 3D printed systems, specialty coatings, and inks.

Acrylate Market Key Players:

BASF SE (Germany)
Arkema (France)
The Dow Chemical Company (US)
Evonik Industries (Germany)
NIPPON SHOKUBAI CO. LTD. (Japan)
SIBUR (Russia), LG Chem (South Korea)
SASOL Limited (South Africa)
Formosa Petrochemical Corporation (Taiwan)
Mitsubishi Chemical Corporation (Japan)
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