Acrylate Market Analysis, Industry Trends, Segment and Future Growth to 2022(Arkema, BASF SE, Evonik Industries, The Dow Chemical Company, SIBUR, NIPPON SHOKUBAI, SASOL Limited, LG Chem, Mitsubishi Chemical Corporation, and Formosa Petrochemical Corporati

Global Acrylate Market Size:

According to our report, The Global Acrylate Market value predicted to reach 9.82 Billion USD by 2022 growing at a significant CAGR of 6.1% during 2017 to 2022.

Global Acrylate Market Overview:

Acrylate belongs to the category of unsaturated hydrocarbons. Butyl acrylate is available in a clear colorless liquid and has a characteristic crystalline solid odor, fruity, colorless and hygroscopic. In addition, butyl acrylate is soluble in organic solvents but has limited solubility in water as it has lower density than water. Butyl acrylate can be easily polymerized and has a wide range of properties depending on the reaction conditions and the choice of monomer. Butyl acrylate is manufactured and formulated by various processes and reactions such as carbon monoxide, nickel carbonyl, acetylene and butyl alcohol react to form butyl acrylate. Commercial butyl acrylate is available in various types and formulations and makes the formulation according to the needs of the end user. Butyl acrylate has been widely adopted in various applications, such as the formulation of adhesives and sealants, paints and coatings, the processing of plastics, textiles and is also used in waters. In addition, butyl acrylate is used commercially for the formulation and synthesis of co-polymers and homo-polymers such as acrylic acid and its unsaturated esters, salts, amides and polyesters. The different monomer concentration during butyl acrylate-based acrylic polymer formulations provides excellent properties such as low temperature flexibility, superior light and weather resistance, and improved heat resistance. These properties make the solution a material of choice in paint and coating formulation. Butyl acrylate is also used in cleaning products, paper finishes and antioxidants. The double bond present in the compound allows rapid reactivity and allows this product to be adopted as a chemical intermediate.

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Drivers and Restraints:

In recent years, there has been an increase in production and consumption of butyl acrylate for many applications and is expected to follow a similar trend and trend in the coming years. It is estimated that the introduction of renewable and innovative production processes, combined with the growing demand in the petrochemical industry, has a positive influence on market developments. Changing lifestyles and infrastructural changes, increasing disposable income has led to an increase in renewal and renovation activities and construction plans that have pushed development into this application. In addition, the increase in demand and the considerable increase in the automotive industry and the increasing industrialization in all emerging countries have also stimulated growth in the paint and coatings market. Innovative production approaches have enabled the recycling of these compounds and have been successful in reducing the costs and potential risks taken into account in their manufacture and application. This will help the market grow in the long run. In addition, increased butyl acrylate production recently developed by major shareholders in value chain technology is helping to drive growth over the forecast period. In addition, manufacturers have increased their R & D activities that allow the use of the butyl acrylate product in various innovative applications. However, there is a chance of an excess supply of butyl acrylate in the industry due to excessive capacity building by manufacturers from a gap between supply and demand and thus lower final prices. In addition, it is likely that strict government guidelines on the elimination and production of the compound due to its biodegradable property not affected the growth of the industry during the forecast period.

Geographic Segmentation:

Based on geography, Global Acrylate Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa and Asia Pacific. As of 2016, the growth in developed regions such as Western Europe, Japan and North America will be driven by the expansion of industries like automotive, and construction. The Asia Pacific and Latin America region will also register rapid growth due increasing demand for adhesives and resins and increase in manufacturing units mainly in the emerging economies such as China and India. In addition, increasing population and disposable incomes are prominent factors supporting for the growth of the industry. Middle East and Africa is also projected to also expand with a significant CAGR over the forecast period.

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Key Players in Global Barium Nitrate Market:

Major players actively participating in Global Acrylate Market include Arkema (France), BASF SE (Germany), Evonik Industries (Germany), The Dow Chemical Company (US), SIBUR (Russia), NIPPON SHOKUBAI CO. LTD. (Japan), SASOL Limited (South Africa), LG Chem (South Korea), Mitsubishi Chemical Corporation (Japan), and Formosa Petrochemical Corporation (Taiwan).

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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