Acrylic Monomer Market Breakdown: Segmentation, Growth Factors, and Distribution Channels (2024-2031) - BASF SE, Arkema Group, Dow Inc.

Acrylic Monomer Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Acrylic Monomer market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Acrylic Monomer market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Acrylic Monomer Market reached US$ 9.4 Billion in 2023 and is expected to reach US$ 15.6 Billion by 2031, growing with a CAGR of 6.72% during the forecast period 2024-2031.

What is Acrylic Monomer Market?

Acrylic monomers are a class of organic compounds characterized by the presence of an acrylic functional group, which typically includes a vinyl group (C=C) and a carboxylate or ester group. These monomers serve as key building blocks in the production of various polymers and copolymers, widely used in coatings, adhesives, sealants, and plastics due to their excellent transparency, durability, and chemical resistance. Common types of acrylic monomers include methyl methacrylate (MMA), ethyl acrylate, and butyl acrylate. The polymerization of these monomers can be achieved through different methods, including free radical, anionic, or cationic polymerization, enabling the creation of materials with tailored properties for specific applications.

Key Players:

Profiles of some of the major players in the global Acrylic Monomer market, which include:

BASF SE, Arkema Group, Dow Inc., Evonik Industries AG, Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd., LG Chem, SABIC, Formosa Plastics Corporation and Mitsui Chemicals, Inc.

Industry Development:

On August 18, 2021, Dow announced its investment in methyl acrylate manufacturing at its St. Charles Operations in Louisiana, USA, as part of a strategy to enhance the reliability and availability of raw materials through centralized production capacity. The new facility, with a nameplate capacity of 50 kilotons, is expected to be operational in the first half of 2022. This expansion aims to support global growth while specifically addressing the increasing demand for methyl acrylate in North America.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Acrylic Monomer market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product: Methyl Acrylate Monomers, Butyl Acrylate Monomers, Ethyl Acrylate Monomers, 2 Ethyl Hexyl Acrylate Monomers (2-EHA Monomers), Others.

By Application: Plastic, Adhesives and Sealants, Synthetic Resins, Acrylic Fibers, Building Materials, Fabrics, Acrylic Rubber, Others.

By End-User: Paints and Coatings, Building and Construction, Automotive, Consumer Goods, Packaging, Water Treatment, Marine, Aerospace, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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