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Comprehensive Butyl Acrylate Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Butyl Acrylate Market
Butyl Acrylate Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of butyl acrylate has seen a robust growth in the past few years. The market value is expected to rise from $5.17 billion in 2024 to $5.55 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 7.2%. This substantial growth during the historic period is backed by factors such as demand from the construction and building sector, growth in the automotive industry, the expansion of the packaging industry, economic development, increased urbanization, and infrastructural evolution.
Butyl Acrylate Market Size Forecast: What's the Projected Valuation by 2029?
The market for butyl acrylate is anticipated to experience significant expansion in the coming years, reaching a valuation of $7.22 billion in 2029 with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to the growth during the forecast period include demand from various end-use sectors, economic development, progression in technology, price and accessibility of raw materials, as well as environmental regulations. Noteworthy trends for the forecast period consist of technological innovations, improvements in manufacturing technologies, a surge in mergers and acquisitions, along with creative product introductions.
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What Are the Drivers Transforming the Butyl Acrylate Market?
The growth of the butyl acrylate market is anticipated to be driven by the expansion of the automotive sector. This sector comprises the conception, structuring, production, endorsing, and selling of motor vehicles, which includes cars, trucks, buses, motorcycles, among others. Factors contributing to the growth of the automotive sector include beneficial economic conditions, government incentives and regulations, shifts in consumer desires, and changes in living patterns. In the manufacturing of resilient coatings and adhesives that offer durability and visual appeal, butyl acrylate is utilized in the automotive industry. For instance, the European Automobile Manufacturers Association, located in Belgium, stated in May 2023 that there was a significant increase of 5.7% in the global production of motor vehicles, reaching 85.4 million units in 2022, compared to 2021. Consequently, the growth of the butyl acrylate market is fueled by the expansion of the automotive industry.
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What Long-Term Trends Will Define the Future of the Butyl Acrylate Market?
Primary businesses in the butyl acrylate sector are enhancing their emphasis on the creation of acrylic acid facilities in order to accommodate burgeoning demand and guarantee enduring profitability. For example, BASF SE, a chemical company based in Germany, launched a new acrylic production site at its Zhanjiang Verbund location in China in March 2023. The facility will boast an annual production capacity of 400,000 metric tons of butyl acrylate (BA), 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA), and will also house glacial acrylic acid (GAA) plants. The objective of this enlargement is to satisfy the escalating demand for acrylics in various sectors, such as hygiene, paint, and coatings across China and Asia. Acrylic acid is a vital component used in the construction of superabsorbent polymers, while butyl acrylate and 2-ethylhexyl acrylate are fundamental raw materials required for producing adhesives and coatings.
Which Segments in the Butyl Acrylate Market Offer the Most Profit Potential?
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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Which Firms Dominate the Butyl Acrylate Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Butyl Acrylate Market?
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.
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