Press release
Global Acrylic Monomers Market worth hit USD 11,124 million by 2025 | Key Players-Mitsubishi chemical holdings corporation, Hitachi Chemical Co. New Japan Chemical Co., Ltd., LG Chem, Kuraray Co. Ltd., Rohm and haas, Formosa Plastics Corporation
Acrylic Monomers Market
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Key Market Competitors: Global Acrylic Monomers Market
The key players operating in the global acrylate monomers market are –
• BASF SE
• The Dow Chemical Company
• Mitsubishi chemical holdings corporation
• Hitachi Chemical Co.
The other players in the market are-New Japan Chemical Co., Ltd, LG Chem, Kuraray Co. Ltd., Rohm and Haas, Formosa Plastics Corporation. , Kailash Company., Saudi Acrylic Monomer Company Limited, Methacrylate Producers Association, Methacrylate Producers Association, Petrochem Middle East India Private Limited, United Ink & Varnish Company Private Limited, Premier Pigments and Chemicals. D.R. Dyechem India Private Limited, Modern Industrial Plastics among other.
Market Analysis: Global Acrylic Monomers Market
The Global Acrylic Monomers Market is expected to reach USD 11,124 million by 2025, from USD 7,012 million in 2017 growing at a CAGR of 5.7% during the forecast period of 2018 to 2025.
Market Definition: Global Acrylic Monomers Market
Acrylate monomers are the esters which comprises of vinyl group and have a different range of applications such as coatings, paints, plastics, adhesives & sealants, printing inks and textiles. Acrylate monomers are generated by direct esterification of polyol or alcohol. This esterification is done with meth acrylic acid or acrylic acid.
The important application of acrylate monomers is in the paints and coating industry. Better durability and UV resistance, high flexibility and gloss are the major properties of acrylates that influence their consumption. Some acrylate monomers have a different functional group attached to the carbon atom and relates to the type of functional group they are diversified as butyl acrylate, methyl acrylate, ethyl acrylate monomers.
In 2017, Dow chemical company signed an agreement for coatings and silicones market in Saudi Arabia, where it was beneficial in expansion of economic diversification and advanced manufacturing development plan.
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Market Drivers:
Raising demand of acrylic monomers in hygienic products, detergents and waste water treatment chemicals.
Utilization of acrylate monomers for the improvement of operational efficiency for water based coatings.
Major revenue contributor in the field of paints & coatings and adhesives & sealants industry.
Segmentation: Global Acrylic Monomers Market
By Product (Butyl Acrylate Monomer, Methyl Acrylate Monomer, 2-Ethyl Hexyl Acrylate Monomer, Ethyl Acrylate Monomer),
By Type (Acrylamide & Meth Acrylamide, Acrylate, Acrylic Acids & Salts, Acrylonitrile, Bisphenol Acrylics and Methacrylate),
By Application (Paints & Coatings, Adhesives & Sealants, Plastics, Printing Inks, others),
BY Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Reasons to Purchase this Report:
• Current and future of Global Acrylic Monomers Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Competitive Landscape: Global Acrylic Monomers Market
The global acrylate monomers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes global acrylate monomers market shares of global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Governments across the globe are investing significantly in the development of pipeline infrastructure in developing countries such as India, China and Brazil. In 2018, BASF Petronas expanded its market in Kuantan, Malaysia with a wide range production of acrylic acid and butyl acrylate.
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