Butyl Acrylate Market on Path to Hit $6.93 Billion by 2029 at 6.1% CAGR

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Butyl Acrylate Market Outlook: What Size And CAGR Are Anticipated By 2025?
The size of the butyl acrylate market has seen robust growth in the past few years. It is projected to increase from $5.17 billion in 2024 to $5.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.7%. Factors such as demand from the construction and building sector, progress in the automotive industry, expansion in the packaging industry, economic prosperity, urbanization, and progress in infrastructure have driven growth in the previous period.

What Is the Expected CAGR for the Butyl Acrylate Market Growth Through 2029?
The market for butyl acrylate is projected to witness significant expansion in the coming years, reaching a size of $6.93 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.1%. Factors contributing to this growth over the forecast period include demand from relevant industries, economic development, technological progress, the cost and availability of raw materials, along with environmental regulations. Future trends predicted for this period include technological breakthroughs, advancements in manufacturing technologies, a surge in mergers and acquisitions, and the introduction of innovative products.

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What Are the Primary Drivers Behind Butyl Acrylate Market Growth?
The butyl acrylate market's growth trajectory is anticipated to be influenced significantly by the expansion of the automotive sector. This sector comprises the design, production, marketing, and sale of motorized vehicles, inclusive of cars, trucks, motorbikes, buses, and various other types of vehicles. Factors contributing to the growth of the automotive industry include enhanced economic conditions, supportive government schemes and regulations, shifts in consumer choices, and lifestyle evolution. The application of butyl acrylate lies in the manufacture of durable and aesthetically pleasing coatings and adhesives within the automotive sector. For instance, statistics from the European Automobile Manufacturers Association, an automotive manufacturing association based in Belgium, revealed that motor vehicle production worldwide hit 85.4 million units in 2022. This figure marked a significant growth rate of 5.7% compared to 2021. Consequently, the bourgeoning automotive industry can be seen as a catalyst for the growth of the butyl acrylate market.

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What Are the Key Segments Driving Butyl Acrylate Market 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

What Are the Technological Trends Impacting the Butyl Acrylate Market?
Top firms in the butyl acrylate market are increasingly focusing on the development of acrylic acid facilities to cater for the rising demand and secure sustainable profitability. For example, in March 2023, BASF SE, a reputable chemical company based in Germany, launched a new acrylic manufacturing facility in its Zhanjiang Verbund site in China. The facility boasts an annual production capacity of 400,000 metric tons of butyl acrylate (BA), 100,000 metric tons of 2-ethylhexyl acrylate (2-EHA), and incorporates glacial acrylic acid (GAA) plant. This growth initiative targets to fulfil the surging demand for acrylics in multiple industries across China and Asia, such as hygiene, paint, and coatings sectors. Acrylic acid is a vital component in the production of superabsorbent polymers, while butyl acrylate and 2-ethylhexyl acrylate serve as critical raw materials in the production of adhesives and coatings.

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Who Are the Major Competitors in the Global 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

Which Region Dominates the Butyl Acrylate Market Share in 2025?
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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