Press release
Polyacrylate Market is Anticipated to Grow at a CAGR of 5.47% to Generate Revenue 24.84 Billion Forecast by 2025 to 2034
Polyacrylate Market
Some key reasons for the growth are:
• The surge in construction expenditures, combined with growing per capita income, has led to considerable expansion in the paints & coatings sector, which is simultaneously propelling the growth of the polyacrylate market.
• Increasing consumer consciousness about sustainability and a variety of uses for polyacrylates are contributing to market growth.
• The increasing need for sustainable materials is propelling the growth of the polyacrylate market.
• The increasing popularity of environmentally friendly and water-based paint and coating formulations is contributing to market demand.
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What Are Polyacrylates?
Polyacrylates are a class of polymers derived from acrylic acid or its esters, known for their flexibility, transparency, and ability to absorb water. They are used in various applications, including paints, adhesives, textiles, and superabsorbent polymers (SAPs). Polyacrylates are polymers made from acrylate monomers (specifically acrylic acid esters) through polymerization. Polyethyl acrylate and polymethyl acrylate are two of the most common examples. The basic building block of polyacrylates is acrylic acid, which is esterified (reacts with alcohol) to form acrylate monomers. The molecular weight and monomer makeup can be adjusted to provide numerous performance traits.
Key Players in Market:
The top market competitors are launching novel, innovative offerings to meet changing consumer demands and to grow and endure.
Several of the main participants are:
• Arkema
• BASF SE
• DowDupont
• Evonik Industries AG
• Kao Corporation
• LG Chem Ltd.
• Lucite International
• Mitsubishi Chemical Group Corporation
• RSD Polymers Pvt Ltd.
• Sanyo Chemical
• Sasol
• Sibur
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Key Highlights of Polyacrylate Market:
• Based on chemistry, the butyl acrylate segment dominated the market in 2024, as butyl acrylate is a key raw material used to produce a variety of coatings, including wood, industrial, and architectural coatings.
• Based on the end-use industry, in 2024, the consumer goods segment had the fastest rate of growth across all segments due to their use in a variety of coatings and are commonly used in home appliances to enhance their appearance and offer protection.
• Asia Pacific is projected to register the highest CAGR of 6.6% throughout the forecast period. The region presents an attractive investment opportunity for acrylate manufacturers, driven by the availability of low-cost labor and raw materials.
• North America holds a significant share of the polyacrylate market, driven by the increasing demand for absorbent polymers in advanced, feature-rich end-use products.
Segmental Overview:
• The polyacrylate market is primarily segmented based on application, chemistry, end-use industry, and region.
• In 2024, the butyl acrylate segment, based on chemistry, fully dominated the market as it is an essential raw material for manufacturing various coatings, such as those for wood, industrial use, and architectural applications.
• By end-use industry, the consumer goods segment exhibited the highest CAGR in 2024, as polyacrylates are frequently utilized in coatings for various consumer products to improve their appearance and offer protection.
By Chemistry Outlook (Revenue - USD Billion, 2020-2034)
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-Ethyl Hexyl Acrylate
• Others
By Application Outlook (Revenue - USD Billion, 2020-2034)
• Plastics
• Fabrics
• Adhesives & Sealants
• Paints, Coatings, & Printing Inks
• Others
By End-Use Industry Outlook (Revenue - USD Billion, 2020-2034)
• Cosmetics & Personal Care
• Consumer Goods
• Textiles
• Building & Construction
• Automotive
• Packaging
• Bio-Medical
• Others
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Regional Analysis:
• North America
o Chemistry Outlook
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-Ethyl Hexyl Acrylate
• Others
o Applications Outlook
• Plastics
• Fabrics
• Adhesives & Sealants
• Paints, Coatings, & Printing Inks
• Others
o End-Use Industry Outlook
• Cosmetics & Personal Care
• Consumer Goods
• Textiles
• Building & Construction
• Automotive
• Packaging
• Bio-Medical
• Others
• Europe
o Chemistry Outlook
• Methyl Acrylate
• Ethyl Acrylate
• Butyl Acrylate
• 2-Ethyl Hexyl Acrylate
• Others
o Applications Outlook
• Plastics
• Fabrics
• Adhesives & Sealants
• Paints, Coatings, & Printing Inks
• Others
o End-Use Industry Outlook
• Cosmetics & Personal Care
• Consumer Goods
• Textiles
• Building & Construction
• Automotive
• Packaging
• Bio-Medical
• Others
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