Global Butyl Acrylate Market Projected to Surpass $7.22 Billion by 2029 with 6.8% Annual Growth

What combination of drivers is leading to accelerated growth in the butyl acrylate market?
The development and enlargement of the automotive industry is predicted to fuel the growth of the butyl acrylate market in the future. The automotive sphere involves the creation, growth, production, promotion, and sale of motor vehicles, including a variety of cars, trucks, buses, motorcycles and other kinds of vehicles. The proliferation of the automotive industry is attributed to a boost in economic status, government incentives and regulations, changes in consumer preferences, and alterations in lifestyles. Butyl acrylate, within the automotive arena, is utilized to produce robust coatings and adhesives that offer long-lasting durability and pleasing aesthetic finishes. For instance, data from the European Automobile Manufacturers Association, an auto manufacturers association based in Belgium, indicates that global motor vehicle production reached a mark of 85.4 million units in 2022, showcasing a significant rise of 5.7% when compared to 2021, in May 2023. Hence, the thriving automotive industry is seen as the main driver behind the growth of the butyl acrylate market.

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What is the projected compound annual growth rate (CAGR) of the butyl acrylate market from 2025 to 2034, and what factors influence it?
The butyl acrylate market has been experiencing a robust growth in the past few years. It is projected to escalate from a value of $5.17 billion in 2024 to $5.55 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. A variety of factors account for this significant increase during the historic period, including the demand from the construction and building industry, the advancement of the automotive industry, the expansion in the packaging industry, economic expansion, the process of urbanization, and the progress in infrastructure development.

The market for butyl acrylate is predicted to witness robust growth in the coming years, expanding to an estimated $7.22 billion by 2029 at a compound annual growth rate (CAGR) of 6.8%. The predicted expansion within the forecast period is largely due to factors like increased demand from end-use industries, economic advancement, progress in technology, availability and pricing of raw materials, and environmental legislations. Significant trends projected for this period encompass technological breakthroughs, enhancements in production methodologies, a surge in merger and acquisition activities, and the introduction of innovative products.

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How are the latest trends influencing the growth of the butyl acrylate market?
Top companies in the butyl acrylate market are shifting their attention towards building acrylic acid infrastructures to cater to the rising demand and safeguard long-term profits. To illustrate, BASF SE, a chemical company centered in Germany, unveiled a fresh acrylic production facility at its Zhanjiang Verbund site in China in March 2023. With the capacity to produce 400,000 metric tons of butyl acrylate (BA) and 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA), as well as having glacial acrylic acid (GAA) plants, the complex is poised to address the escalating demand for acrylics across various sectors in China and Asia, such as hygiene, paint, and coatings. Acrylic acid is a key component in making superabsorbent polymers, while butyl acrylate and 2-ethylhexyl acrylate are fundamental raw materials for the creation of adhesives and coatings.

What are the major segments of the butyl acrylate market and their role in driving growth?
The butyl acrylate market covered in this report is segmented -

1) By Product Type: I-Butyl Acrylate, N-Butyl Acrylate, T-Butyl Acrylate
2) By Purity: High Purity, Common Purity
3) By Application: Paints And Coatings, Adhesives And Sealants, Chemical Synthesis, Plastic Additives, Textiles, Other Applications

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North America was the largest region in the butyl acrylate market in 2024. The regions covered in the butyl acrylate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the butyl acrylate market?
Major companies operating in the butyl acrylate market are 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

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What Is Covered In The Butyl Acrylate Global Market Report?

•Market Size Forecast: Examine the butyl acrylate market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the butyl acrylate market for a structured understanding.
•Key Players Overview: Analyze major players in the butyl acrylate market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the butyl acrylate market.
•Segment Contributions: Evaluate how different segments drive overall growth in the butyl acrylate market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the butyl acrylate market.
•Industry Challenges: Identify potential risks and obstacles affecting the butyl acrylate market.
•Competitive Landscape: Review strategic developments in the butyl acrylate market, including expansions, agreements, and new product launches.

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