Butyl Acrylate Market to Witness Huge Growth in The Future | NIPPON SHOKUBAI CO., LTD., TOAGOSEI CO., LTD., Mitsubishi Chemical Corporation

This market research report endows with significant and meaningful market insights for the business by taking into consideration various factors. Even a number of steps have been utilized in this report for gathering, analysing and recording the data and information. With a systematic problem analysis, model building and fact-finding, Butyl Acrylate Market report lends a hand to businesses in decision-making and managing marketing of goods and services. This market report gives illustrations of the CAGR values for the historic year 2018, the base year 2019, and the forecast for the year 2020-2026.

In- depth Analysis of the Report: -

Global butyl acrylate market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026. The high growth of this market is due to the Rising demand of water-based coatings which is estimated to influence market positively. The report contains data of the base year 2018 and historic year 2017.

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Methodologies utilized to evaluate the market-:

Research analysts and experts have utilized excellent market research tools such as SWOT analysis, Porter's Five Forces analysis, PEST analysis, and Primary and Secondary research analysis to define, describe and evaluate the competitive landscape of the Butyl Acrylate Market

Key vendors operating in the market:

Few of the major competitors currently working in the global butyl acrylate market are NIPPON SHOKUBAI CO., LTD., TOAGOSEI CO., LTD., Mitsubishi Chemical Corporation, SUNVIC CHEMICAL, Formosa Plastics Corporation, OSWAL UDHYOG, Wanhua Chemical Group Co.,Ltd., LyondellBasell Industries N.V, Exxon Mobil Chemicals, DOW, DuPont, Houston North Emmaus Community, Inc., Panjiva, Inc., INVISTA., NAN YA PLASTICS CORPORATION among others.

Market Analysis by Segmentation

By Product

o I-Butyl Acrylate
o N-Butyl Acrylate
o T-Butyl Acrylate

By Purity

o High Purity
o Common Purity

By Application

o Paints and Coatings
o Adhesives and Sealants
o Chemical Synthesis
o Plastic Additives
o Textiles
o Others

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:

o Rising demand of water-based coatings can boost the market growth
o Rising demand from construction activity are expected to drive the butyl acrylate market
o High amount of butyl acrylate used in automotive industries which will fuel the market growth
o Limitations on VOC emission plastics in the country is another factor uplifting the market growth

Market Restraints:

o High cost of butyl acrylate can impede the growth of this market
o Stringent government guidelines about the disposal of butyl acrylate also acts as a restricting factor for this market growth
o Stringent rules regarding production of butyl acrylate will hinder the market growth

Recent Developments in the Market:

o In January 2019, Adani Group and BASF SE have signed a memorandum of understanding (MoU) to evaluate joint investment in the acrylics value chain. The main aim for this agreement is to expand their product portfolio along with expanding their chemicals production, and also their ability to deliver renewable power.

o In May 2018, Indian Oil Corporation Limited has signed an agreement with Mitsubishi Chemical Corporation to license its proprietary acrylic acid and acrylic acid ester manufacturing technology. The main aim of this deal is to expand their product portfolio and to meet with the growing demand of their customers.

Highlights of the Study

1. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
2. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
3. Key parameters which are driving this market and restraining its growth
4. What all challenges manufacturers will face as well as new opportunities and threats faced by them.
5. Learn about the market strategies that are being adopted by your competitors and leading organizations

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