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Acrylate - Global Market Trajectory & Analytics

  • ID: 5029951
  • Report
  • April 2021
  • Region: Global
  • 284 pages
  • Global Industry Analysts, Inc
Global Acrylate Market to Reach $11.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Acrylate estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$11.4 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Butyl Acrylate, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ethyl Acrylate segment is readjusted to a revised 4.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 8% CAGR

The Acrylate market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

2- Ethyl Hexyl Acrylate Segment to Record 5.6% CAGR

In the global 2- Ethyl Hexyl Acrylate segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • Air Liquide SA
  • Arkema
  • BASF SE
  • DowDupont Inc.
  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Jiangsu Jurong Chemical Co., Ltd.
  • LG Chem
  • Loba Chemie Pvt.Ltd
  • Merck KgaA
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai Co., Ltd.
  • Polysciences, Inc.
  • Sahara PCC
  • Sasol Ltd.
  • Shanghai Huayi Acrylic Acid Co., Ltd.
  • Shanghai Lang Chemical Co., Ltd
  • Shenyang Chemical Co Ltd
  • SIBUR Holding
  • Synthomer Plc
  • Taixing Jurong Chemical Co., Ltd.
  • TCI America
  • Toagosei Co., Ltd.
  • Wanhua Chemical Group Co., Ltd
  • Zhejiang Satellite Petrochemical Co., Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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