Market Overview:
The global acrylic acid and ester market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for acrylic acid and esters in automotive, coating, chemical, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Acrylic acid is a carboxylic acid with the chemical formula CH2=CHCOOH. It is a colorless liquid that is soluble in water, ethanol, and ether. Acrylic acid is produced industrially by the oxidation of propene.
Esters of acrylic acid are known as acrylic esters. These esters are used as monomers in the manufacture of polymers known as acrylics. Acrylics are thermoplastic materials that can be molded into shapes when heated and then cooled.
Acrylic Acid:
Acrylic acid is an organic compound derived from acrylic fibers and the second most widely used plastic. It is a colorless, odorless solid that dissolves in water to form an acrylamide salt. The salts can be further converted to acrylic acid monomers by chemical or enzymatic hydrolysis.
Acrylic Ester:
Acrylic ester is a chemical compound derived from acrylic acid. It is primarily used to manufacture polyacrylic acid, which in turn is used to produce various industrial and consumer products such as adhesives, sealants, coatings & paints removers, solvents for dry cleaning machines and detergents among others.
Application Insights:
The global acrylic acid and ester market has been segmented on the basis of application into automotive, coating, chemical, and others. The automotive application segment accounted for a revenue share of over 40% in 2017. This is attributed to the growing demand for lightweight vehicles with high performance that require low cost materials such as plastics.
Global acrylic acid.
Acrylic acid is used in polymer modification applications to produce polymers with enhanced properties such as heat resistance & strength along with excellent flexibility & transparency which are further utilized in various end-use industries including electronics & semiconductors where plastic components are used extensively owing to their light weight characteristics along with good electrical conductivity which helps reduce overall weight of electronic devices resulting in improved fuel efficiency coupled.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Paint Holdings Co., Ltd.; Lanxess AG; and BASF SE has led to a high demand for acrylic acid esters in this region. In addition, growing automotive industry coupled with increasing per capita income is anticipated to fuel product consumption in APAC during the forecast period.
Europe accounted for more than 25% of global share in 2017 owing to rising demand from coating application segment due mainly to technological advancements observed across various industries including automotive, construction, packaging among others since last few years.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, textiles, automotive, and construction is expected to drive the acrylic acid and ester market growth.
- Rising demand for lightweight vehicles is anticipated to boost the use of acrylic acid in automotive applications.
- Growing infrastructure development activities across the globe are projected to propel the need for adhesives and sealants, which in turn is expected to fuel the acrylic acid market growth.
- Stringent environmental regulations regarding VOC emissions are likely to create opportunities for waterborne coatings over solvent-based coatings, thereby driving the acrylic acid market growth over forecast period. 5 Emerging economies such as China and India are anticipated to offer lucrative opportunities for players operating in this market owing to rising disposable income levels of consumers coupled with growing demand from various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Acid and Ester Market Research Report
By Type
Acrylic Acid, Acrylic Ester
By Application
Automotive, Coating, Chemical, Others
By Companies
BASF, DOW, Nippon Shokubai, Akema, Formosa, LG Chem, Mitsubishi Chem, Toagosei, Sasol, Hexion, BASF, Jurong Chem, HUAYI, Satellite, Basf-YPC, Sanmu Group, Kaitai Petr, CNOOC, ChemChina, CNPC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Acid and Ester Market Report Segments:
The global Acrylic Acid and Ester market is segmented on the basis of:
Types
Acrylic Acid, Acrylic Ester
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Coating, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DOW
- Nippon Shokubai
- Akema
- Formosa
- LG Chem
- Mitsubishi Chem
- Toagosei
- Sasol
- Hexion
- BASF
- Jurong Chem
- HUAYI
- Satellite
- Basf-YPC
- Sanmu Group
- Kaitai Petr
- CNOOC
- ChemChina
- CNPC
Highlights of The Acrylic Acid and Ester Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acrylic Acid
- Acrylic Ester
- By Application:
- Automotive
- Coating
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic Acid and Ester Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic acid and esters are two types of chemicals that are used in the production of acrylics. Acrylic acid is a white, water-soluble solid that is used to make the plastic material acrylonitrile butadiene styrene (ABS). Esters are a type of chemical compound that consists of one or more hydrocarbons attached to an oxygen atom. They can be found in many different products, including cosmetics and cleaning supplies.
Some of the key players operating in the acrylic acid and ester market are BASF, DOW, Nippon Shokubai, Akema, Formosa, LG Chem, Mitsubishi Chem, Toagosei, Sasol, Hexion, BASF, Jurong Chem, HUAYI, Satellite, Basf-YPC, Sanmu Group, Kaitai Petr, CNOOC, ChemChina, CNPC.
The acrylic acid and ester market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylic Acid and Ester Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acrylic Acid and Ester Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylic Acid and Ester Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acrylic Acid and Ester Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acrylic Acid and Ester Market Size & Forecast, 2020-2028
4.5.1 Acrylic Acid and Ester Market Size and Y-o-Y Growth
4.5.2 Acrylic Acid and Ester Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Acrylic Acid
5.2.2 Acrylic Ester
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Coating
6.2.3 Chemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylic Acid and Ester Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acrylic Acid and Ester Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Acrylic Acid
9.6.2 Acrylic Ester
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Coating
9.10.3 Chemical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Acrylic Acid
10.6.2 Acrylic Ester
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Coating
10.10.3 Chemical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Acrylic Acid
11.6.2 Acrylic Ester
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Coating
11.10.3 Chemical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Acrylic Acid
12.6.2 Acrylic Ester
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Coating
12.10.3 Chemical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Acrylic Acid
13.6.2 Acrylic Ester
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Coating
13.10.3 Chemical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acrylic Acid and Ester Market: Competitive Dashboard
14.2 Global Acrylic Acid and Ester Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DOW
14.3.3 Nippon Shokubai
14.3.4 Akema
14.3.5 Formosa
14.3.6 LG Chem
14.3.7 Mitsubishi Chem
14.3.8 Toagosei
14.3.9 Sasol
14.3.10 Hexion
14.3.11 BASF
14.3.12 Jurong Chem
14.3.13 HUAYI
14.3.14 Satellite
14.3.15 Basf-YPC
14.3.16 Sanmu Group
14.3.17 Kaitai Petr
14.3.18 CNOOC
14.3.19 ChemChina
14.3.20 CNPC
