Acrylate Market Insights on Trends, Drivers and Opportunities by 2022 & key players - Acrylate Marketinclude Arkema (France), BASF SE (Germany), The Dow Chemical Company (US), SIBUR (Russia), NIPPON SHOKUBAI CO. LTD. (Japan).

Acrylate Market Size and Growth Rate:
Acrylate Market was valued at USD 6.58 billion in 2016 and projected to reach USD 9.82 billion by 2022 growing at a CAGR of 6.1% during the forecast period 2018 to 2022.

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. It can be easily polymerized and also 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 with the use of carbon monoxide, nickel carbonyl, acetylene and butyl alcohol.

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Acrylate Market Growth 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 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.

Geographic Insights of Acrylate Market:
As of 2016, the growth in developed regions such as Western Europe, Japan and North America has been 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.

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Key Market Players of Acrylate Market:
Major players actively participating in Global Acrylate Marketinclude 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).

Acrylate Market Key Segmentation:

By Chemistry:
• Butyl Acrylate
o N Butyl Acrylate
o T Butyl Acrylate
o I Butyl Acrylate
• 2-Ethyl Hexyl Acrylate
• Methyl Acrylate
• Ethyl Acrylate

By Application:
• Paints & Coatings
o Paints
o Coatings
• Plastics
o Plastic Manufacturing
o Plastic Additives
• Fabrics
o Woven Fabric
o Non-Woven Fabric & Leather
• Adhesives & Sealants
o Adhesives
o Sealants
• Others

By End-Use Industry:
• Packaging
o Coatings for Packaging
o Adhesives for Packaging
o Other Packaging Applications
• Consumer Goods
o Coatings
o Adhesives
o Other Consumer Goods
• Building & Construction
o Paints & Coatings
o Adhesives
o Other Building & Construction Materials
• Textiles
• Automotive
• Others
o Water Treatment Industry
o Others

By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

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