Acrylic Acids & Esters Market 2025-2033 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Key Insights

The size of the Acrylic Acids & Esters Market was valued at USD XXX Million in 2023 and is projected to reach USD 0.00 Million by 2032, with an expected CAGR of XXX% during the forecast period. The Acrylic Acids & Esters Market concentrates on the creation and use of acrylic acid and its derivatives, like acrylic esters, which are vital raw materials across various sectors. Acrylic acid is mainly utilized in the manufacturing of superabsorbent polymers (SAPs), coatings, adhesives, paints, sealants, textiles, and plastics. Acrylic esters, such as butyl acrylate, ethyl acrylate, and methyl acrylate, are utilized in producing emulsions, paints, coatings, adhesives, and plastics because of their excellent qualities like flexibility, strength, and resistance to water. The market is propelled by the increasing demand in sectors like construction, automotive, textiles, and healthcare, where acrylic-based materials are favored for their versatility and effectiveness. The increasing demand for water-based coatings, sustainable paints, and eco-friendly adhesives is driving the market, as acrylics are viewed as safer and more environmentally friendly than solvent-based options. Furthermore, the growth of emerging markets and technological improvements in production methods are driving the expansion of the Acrylic Acids & Esters Market. With ongoing global industrialization and the emphasis on high-performance, sustainable materials by industries, this market is projected to grow considerably.

Acrylic Acids & Esters Market Concentration & Characteristics

The market is highly concentrated, with a few major players accounting for a significant share. The key companies include Arkema, BASF, LG Chem LTD., and Dow Chemical Company. The market is characterized by innovation and technological advancements, driven by the need to improve product performance and efficiency. The market is influenced by regulations governing the use and handling of acrylic acids and esters, as well as the availability of product substitutes.

Acrylic Acids & Esters Market Trends

The growing demand for environmentally friendly and sustainable products is driving the development of bio-based acrylic acids and esters. The increasing use of acrylic acids and esters in the construction industry, particularly in roofing and flooring applications, is another key trend shaping the market. The rising demand from emerging economies, such as China and India, is expected to further boost market growth in the coming years.

Key Region or Country & Segment to Dominate the Market

Asia Pacific is expected to dominate the acrylic acids & esters market, driven by the rapid urbanization and industrialization in the region. China is the largest consumer of acrylic acids and esters in the world, followed by India. The paints and coatings segment is expected to account for the largest share of the market, owing to the increasing demand for these products in the construction and automotive industries.

Acrylic Acids & Esters Market Product Insights Report Coverage & Deliverables

The report provides comprehensive coverage of the acrylic acids & esters market, including market size, market share, and growth projections. It also includes detailed analysis of market trends, drivers, and challenges. The report delivers insights into key market segments and product types, as well as a competitive landscape analysis of major players.

Acrylic Acids & Esters Market Analysis

The market size of acrylic acids and esters is expected to reach USD 28 Billion by 2028. The market is driven by the increasing demand from end-use industries such as paints and coatings, adhesives, and plastics. Asia Pacific is the largest market for acrylic acids and esters, followed by Europe and North America.

Acrylic Acids & Esters Market Regional Insights

North America: U.S. dominates the North American market, accounting for a major share of the regional demand. The growth is attributed to the increasing demand from the construction and automotive industries.

Europe: Germany is the largest market for acrylic acids and esters in Europe, followed by France and Italy. The growth is driven by the increasing demand for paints and coatings, as well as the rising use of acrylic acids and esters in the automotive industry.

Asia Pacific: China is the largest market for acrylic acids and esters in Asia Pacific, followed by India. The growth is driven by the rapid urbanization and industrialization in the region. The increasing demand from the construction and automotive industries is further fueling the market growth.

Driving Forces: What's Propelling the Acrylic Acids & Esters Market

• Increasing demand for paints and coatings
• Growing use in adhesives and plastics applications
• Rising consumption in personal care products
• Technological advancements and innovation
• Emerging trends in bio-based products

Challenges and Restraints in Acrylic Acids & Esters Market

• Fluctuations in raw material prices
• Environmental regulations and safety concerns
• Competition from product substitutes

Emerging Trends in Acrylic Acids & Esters Market

• Development of bio-based acrylic acids and esters
• Increasing demand from emerging economies
• Growing use in construction industry
• Rising focus on sustainable products

Acrylic Acids & Esters Industry News

• In October 2023, Lummus Technology acquired the licensing and marketing rights for ester-grade acrylic acid technology and acrylates process technology from Air Liquide Engineering & Construction.
• In May 2022, Arkema announced plans to expand its acrylic acid production capacity in France to meet the growing demand from the paints and coatings industry.

Leading Players in the Acrylic Acids & Esters Market

• Arkema 
• BASF 
• LG Chem 
• SunVic Chemical 
• Dow Chemical 
• Myriant Corporation 
• Momentive Specialty Chemicals

Acrylic Acids & Esters Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. UK
  • 2.2. Germany
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
  • 2.6. Russia
• 3. Asia Pacific
  • 3.1. China
  • 3.2. India
  • 3.3. Japan
  • 3.4. South Korea
  • 3.5. Australia
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
• 5. MEA
  • 5.1. UAE
  • 5.2. Saudi Arabia
  • 5.3. South Africa