Acrylic Monomer Market 2022-2027: Growing Demand in Construction and Automotive Industry

Reports and data

Acrylic Monomers Market Size – USD 7.84 Billion in 2019, Growth – CAGR of 5.7%, Trends – High demand from APAC region.

Global Acrylic Monomers Market is Expected to Reach USD 12.23 Billion by 2027, According to New Report »

— by reports and data

NEW YORK CITY, NEW YORK, USA, November 21, 2022 /EINPresswire.com/ — The Global Acrylic Monomers Market is expected to reach $12.23 billion by 2027, according to a new report from Reports and Data. Growing demand for methacrylate monomers across various industries coupled with the need for durable paints and coatings will drive the market growth. The application of methacrylate monomers as coatings used in various industries such as architecture, automotive, and other industries will encourage the growth of the market.

Rising automotive production and demand for durable products are driving the growth of the market. In terms of application, perhaps the most widespread use of acrylic monomer is in automotive gaskets and seals due to the growing need for oil resistant rubber materials. The growing need to reduce fuel consumption and increase the combustion temperature in the engine compartment is also having a positive impact on the market.

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Main companies: main participants are New Japan Chemical Co Ltd., BASF SE, The Dow Chemical Company, Hitachi Chemical Co. Ltd, Evonik Industries AG, Kuraray Co. Ltd, Arkema Group, Nippon Shokubai Co. Ltd, KH Chemicals and Mitsubishi Chemical Corporation, among others.

Other key findings from the report suggest

Methacrylate monomers are also used to compose methacrylate adhesives, which are formed from elastomers and toughening agents. Methacrylates are available in a range of cure speeds that exhibit superior low temperature impact performance. High strength bonds can be achieved with a variety of materials, especially plastics.
The application of paints and coatings accounts for the largest market share of 31.4% in 2019. Acrylic paints contain one or more methacrylate-based products, which enable paints and coatings to be applied efficiently while producing a durable and long-lasting coating. This helps protect the surface from sunlight, rain and other factors that can cause the layers to degenerate.
Acrylic fiber is formed by the addition of acrylonitrile polymerization. The fiber offers resistance to microbiological attack, ultraviolet degradation, bleach and weak alkalis. They also offer good thermal stability and high stability against bleaching agents.
Asia-Pacific dominated the acrylic monomer market. China is the largest producer of the product across the world due to growing demand from domestic and international markets. High investments in the textile and apparel industry are propelling the demand for the product in Indonesia and India.

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Segments covered in the report:

Product Outlook (Revenue, USD Billion; 2017-2027)

Methyl acrylate monomers
Butyl acrylate monomers
Ethyl acrylate monomers
2 ethylhexyl acrylate monomers (2-EHA monomers)
Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Adhesives and sealants
Printing inks
Paints and coatings
Plastics
Others

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The global acrylic monomers market is segmented into:

North America (United States, Canada, Mexico)
Europe (Italy, UK, Germany, France, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Key questions addressed in the report:

What are the dominant factors influencing the growth of the industry?
During the forecast period, which market segment is expected to grow the most?
What are the risks and challenges facing the industry?
In the coming years, which area is expected to dominate the market?
Who are the main market players?
What kinds of strategic business plans have they developed?

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