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Acrylate Monomers Market Revenue, Price, Gross Margin, Industry Analysis 2025
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A number of players are tapping on opportunities emerging from inexpensive formulations for developing a range of high-performance specialty acrylate monomers. This has been a proven strategy to consolidate their shares in the coming years. They also opt for mergers and acquisitions in numerous unexplored geographic regions to find new revenue streams.
The global acrylate monomer market stood at US$6,987.9 million in 2016 and is projected to expand at a CAGR of 5.4% during 2017 to 2025. The worldwide market is anticipated to reach a valuation of US$11,112.3 million by the end of 2025.
The major product types of acrylate monomers are butyl acrylate, methyl acrylate monomer, ethyl acrylate, 2 ethyl hexyl acrylate monomer (2-EHA monomer or 2-Ethylhexyl acrylate). Of all the types, butyl acrylates and 2-Ethylhexyl acrylate are prominent segments. This is attributed to their widespread applications in various formulations in the paints and coatings industry.
Regionally, Asia Pacific is the most attractive market and accounted for the leading share of the global market in 2016. The regional market is likely to emerge as a prominent pace throughout the forecast period. The growth will be fueled by the substantial demand for acrylate monomers in various end-use industries. The attractiveness of the region will also be driven the robust strides registered by key emerging economies and a staggering rise in middle class population in countries such as China and India.
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Widespread Applications in Paints and Coating Industry to Accentuate Growth
The widespread application of acrylate monomers formulations in making paints, inks, and coatings is a primary factor driving the market. The extensively rising use of acrylate monomers in water based coatings is accentuating the growth of the acrylate monomers market over the assessment period. Furthermore, the market will benefit increasingly from the prominent demand for water-based paints or coatings in various developed regions. The substantial use of water-based paints for household purposes is bolstering the uptake.
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