Authored By: Sarah
11 Jul 2024

 Acrylic Acid Derivatives Market to grow by USD 4767.26 million between 2024-2028

According to a research report “ Acrylic Acid Derivatives Market” by Product (Acrylic ester, Acrylic polymer, Others) Application (Surface coatings, Adhesives and sealants, Plastic additives, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4767.26 million at a CAGR of  5.56% during the forecast period. The acrylic acid derivatives market experiences significant growth, particularly in the surface coating sector. Acrylic esters serve as essential binders in water-borne coatings, which are increasingly replacing solvent-borne alternatives due to their lower volatile organic compound (VOC) emissions. Regulatory bodies, such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), have imposed restrictions on the use of VOC-containing and harmful products, thereby driving increased consumption of acrylic derivatives in industrial coatings and insulation applications..

Browse market data tables, figures, and in-depth TOC on “Acrylic Acid Derivatives Market” by Product (Acrylic ester, Acrylic polymer, Others) Application (Surface coatings, Adhesives and sealants, Plastic additives, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.

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By Product, the Acrylic ester segment is projected to dominate the market size in 2024.

Acrylic acid derivatives, specifically acrylic resins, are essential components in the production of binders and film-forming agents for both water-based and solvent-based paints. These derivatives significantly improve paint film attributes, such as adhesion, durability, and weather resistance. Acrylic-based paints, renowned for their quick drying time and superior color retention, dominate various markets, including architectural and automotive coatings. Architectural coatings, including interior and exterior paints, benefit from acrylic resins' protective and decorative properties. In the automotive sector, acrylic resins are utilized in primers, basecoats, and clearcoats due to their excellent adhesion, corrosion resistance, and environmental durability.

By Application, Surface coatings  segment is expected to hold the largest market size for the year 2024.

The acrylic ester segment, driven by the production of methyl acrylate, ethyl acrylate, butyl acrylate, and ethyl hexyl acrylate, dominated the global acrylic acid derivatives market in 2023. Acrylic acid serves as a crucial raw material in the synthesis of acrylic esters. These derivatives are integral to various industries, including plastic additives, textiles, sealants, surface coatings, and adhesives. The expansion of the construction and automotive sectors, leading to increased demand for paints and coatings, presents significant growth prospects for the acrylates market. Furthermore, the enhancement of hygiene products necessitates greater adhesive usage, thereby boosting the demand for acrylic esters worldwide during the forecast period.

APAC is forecasted to hold the largest market size by region in 2024.

The APAC region holds a commanding market position in the global acrylic acid derivatives industry, accounting for approximately XX% of the total revenue. This dominance is primarily driven by robust demand in China and India. The sector's growth is fueled by expanding applications in surfactants, coatings, personal care, and adhesives. Additionally, the preference for high-quality acrylic acid derivatives with functional monomers in surface coating applications further bolsters the region's market leadership.

The Acrylic Acid Derivatives Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Arkema Group
  • BASF SE
  • CHEMRA GmbH
  • Clariant International Ltd.
  • Dow Chemical Co.
  • Evonik Industries AG
  • LG Corp.
  • Merck KGaA
  • Mitsubishi Chemical Corp.
  • Nippon Shokubai Co. Ltd.
  • PCC SE
  • PTT Global Chemical Public Co. Ltd.
  • Resonac Holdings Corp.
  • SIBUR Holding PJSC
  • Solventis Ltd.
  • Sumitomo Seika Chemicals Co. Ltd.
  • Tecnon OrbiChem Ltd.
  • The Lubrizol Corp.
  • Toagosei Co. Ltd.
  • Westlake Corp.
.

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Research Analysis Overview

The Acrylic Acid Derivatives market encompasses a wide range of high-performance materials derived from acrylic acid and its esters, including acrylate esters and acrylamide. These organic compounds play a significant role in various industries, such as consumer products and industrial applications. Acrylic polymers, formed through the polymerization of acrylic acid and its derivatives, are integral components of water-borne coatings, water-resistant coatings, and sealants and adhesives. Acrylate esters, specifically methacrylate and ethylene esters, are essential in the production of superabsorbent polymers, synthetic rubbers, and textiles. Acrylamide, another acrylic acid derivative, is used as a monomer in the synthesis of polyacrylamide, which is employed as a thickener, flocculant, and sizing agent in various industries. Acrylic acid derivatives also find extensive applications in renewable energy sources, such as in the production of polymer formulations for solar panels and wind turbines. The versatility of these organic compounds makes them indispensable in the manufacturing of detergent, plastic additives, and surface coatings, including paints and polymer formulations. The global market for acrylic acid derivatives is expected to grow significantly due to their increasing demand in various industries.

Market Research Overview

The Acrylic Acid Derivatives market encompasses a wide range of organic compounds derived from acrylic acid, including butyl acrylate, ethyl acrylate, methyl acrylate, and acrylamide. These derivatives play a significant role in various industries, such as the energy sectors, healthcare, electronics, construction, and consumer products. Simulation tools and computational modeling are utilized in the catalyst development process for producing biocompatible materials, water-soluble polymers, and high-performance materials. Acrylate esters, such as acrylic ester derivatives, are used in the production of paints and coatings, including water-borne coatings and water-resistant coatings. Additionally, acrylic polymers and acrylic esters are employed in textiles, synthetic rubbers, and plastic manufacturing. Other applications include adult incontinence products, detergents, plastic additives, sealants and adhesives, surface coatings, and polymer formulations. Renewable energy sources, such as ethylene, are increasingly being used in the production of acrylic monomers, providing a sustainable alternative to traditional sources.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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