Press release
Butyl Acrylate Market Report 2024: Global Industry Overview, Key Trends, and Future Projections
Butyl Acrylate Market Report Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16003&type=smp
According to The Business Research Company's, The butyl acrylate market size has grown strongly in recent years. It will grow from $4.85 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to construction and building industry demand, automotive industry growth, packaging industry expansion, economic growth, urbanization, and infrastructure development.
The butyl acrylate market size is expected to see strong growth in the next few years. It will grow to $6.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to demand from end-use industries, economic growth, technological advancements, raw material availability and prices, and environmental regulations. Major trends in the forecast period include technological innovations, advances in production technologies, increased mergers and acquisitions, and innovative product offerings.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/butyl-acrylate-global-market-report
Market Drivers and Trends:
The expansion of the automotive sector is expected to propel the growth of the butyl acrylate market going forward. The automotive sector encompasses the design, development, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, buses, motorcycles, and other types of vehicles. The expansion of the automotive sector is due to improved economic conditions, government incentives and regulations, consumer preferences, and lifestyle changes. Butyl acrylate is used in the automotive sector to manufacture high-performance coatings and adhesives that provide durability and aesthetic finishes. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, the global production of motor vehicles reached 85.4 million units in 2022, reflecting a notable increase of 5.7% compared to 2021. Therefore, the expansion of the automotive industry is driving the growth of the butyl acrylate market.
Major companies operating in the butyl acrylate market are increasing their focus on developing acrylic acid facilities to meet growing demand and ensure long-term profitability. The expansion of a new plant refers to the process of improving the capacity or capability of a manufacturing or production facility. For instance, in March 2023, BASF SE, a Germany-based chemical company, inaugurated a new acrylic production facility at its Zhanjiang Verbund site in China. The complex will have an annual capacity of 400,000 metric tons of butyl acrylate (BA) and 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA) alongside glacial acrylic acid (GAA) plants. This expansion aims to meet the growing demand for acrylics in various industries across China and Asia, including hygiene, paint, and coatings. Acrylic acid is essential for producing superabsorbent polymers, while butyl acrylate and 2-ethylhexyl acrylate are crucial raw materials for adhesive and coating manufacturing.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
China Petroleum and Chemical Corporation, ExxonMobil Corporation, BASF SE, Bharat Petroleum Corporation Limited, The Dow Chemical Company, LyondellBasell Industries Holdings B.V, LG Chem Ltd., Mitsubishi Chemical Holdings, Wanhua Chemical Group Co. Ltd., Evonik Industries AG, Sasol Limited, Arkema Chemicals SA, Formosa Plastics Corporation, Sibur, Nippon Shokubai Co Ltd, Satellite Chemical Co Ltd, TCI Chemicals Pvt. Ltd., JBN SERVICES, Oswal Udhyog Group, Vizag Chemical, Otto Chemie Pvt Ltd, Dhalop Chemicals, KR Chemicals
Butyl Acrylate Market 2024 Key Insights:
• The butyl acrylate market size is expected to see strong growth in the next few years. It will grow to $6.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Automotive Sector Expansion Fuels Growth In The Butyl Acrylate Market
• Strategic Expansion In Butyl Acrylate Market To Meet Growing Demand
• North America was the largest region in the butyl acrylate market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16003&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Butyl Acrylate Market Report 2024: Global Industry Overview, Key Trends, and Future Projections here
News-ID: 3707845 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Chem
Global Hydrogen Peroxide Market 2019-2024 By Key Companies Solvay ,Evonik ,Perox …
The research study on Global Hydrogen Peroxide Market organizes the overall perspective of the Hydrogen Peroxide industry. This incorporates upcoming flow of the Hydrogen Peroxide market together with an extensive analysis of recent industry statistics. It describes the Hydrogen Peroxide market size as well as factors controlling market growth. Likewise, the report explains various challenges which affect Hydrogen Peroxide market expansion. The report reviews economic prominence of the Hydrogen Peroxide industry…
Global Dimethyl Oxalate Market By Top Players Qiyuan Chem, Youlian Chem, Vertell …
The Dimethyl Oxalate market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Dimethyl Oxalate industrial chain, this report mainly elaborate the definition, types, applications and major players of Dimethyl Oxalate market in details. Deep…
Global Hydrogen Peroxide (CAS 7722-84-1) Market Insights, Forecast to 2025| Pero …
Researchmoz added Most up-to-date research on "Global Hydrogen Peroxide (CAS 7722-84-1) Market Insights, Forecast to 2025" to its huge collection of research reports.
This report researches the worldwide Hydrogen Peroxide (CAS 7722-84-1) market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Hydrogen Peroxide (CAS 7722-84-1) breakdown data by manufacturers, region, type and application, also analyzes…
hydrogen peroxide Market Report 2018 Companies included Solvay, Evonik, Arkema, …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Global Trimethyl Acetaldehyde Market 2017 Top Manufacturers - Jusheng Tech, Liye …
To begin with, the report defines the Trimethyl Acetaldehyde market and segments it based on the most important dynamics, such as applications, geographical/regional markets, and competitive scenario. Macroeconomic and microeconomic factors environments that currently prevail and also those that are projected to emerge are covered in this report.
Download Free Sample Report @ https://www.fiormarkets.com/report-detail/62238/request-sample
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and…
Allantoin Market 2017- Ashland, Akema, Clariant, Rita Corp, Jinyuan Lide Chem, S …
Apex Research, recently published a detailed market research study focused on the " Allantoin Market" across the global, regional and country level. The report provides 360° analysis of " Allantoin Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Allantoin industry, and estimates the…
