Report Description
Acrylate Monomers Market-
Market Size and Growth-
Global acrylate monomers market is expected to reach USD 14.25 billion by 2033, growing at a CAGR of around 5.7% during the forecast period.
The acrylate monomers market refers to the industry involved in the production, distribution, and utilization of a group of chemicals known as acrylate monomers. These monomers are essential building blocks for various polymer-based products, including coatings, adhesives, sealants, and elastomers. Here's an analysis of the acrylate monomers market:
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Market Overview:
- The acrylate monomers market is driven by the demand for polymer-based materials in industries such as construction, automotive, packaging, electronics, and textiles.
- Acrylate monomers exhibit desirable properties such as fast curing, adhesion, flexibility, weatherability, and chemical resistance, making them versatile for a wide range of applications.
- Key applications of acrylate monomers include acrylic coatings for architectural and industrial purposes, pressure-sensitive adhesives for tapes and labels, and sealants for construction and automotive applications.
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Market Drivers:
- Growth in End-Use Industries: Increasing demand for acrylate-based products in construction, automotive, electronics, and packaging industries drives the growth of the acrylate monomers market.
- Advancements in Technology: Ongoing research and development efforts lead to the development of new formulations and applications for acrylate monomers, expanding their market opportunities.
- Shift Towards Water-Based Formulations: Growing environmental concerns and regulatory restrictions on volatile organic compounds (VOCs) drive the adoption of water-based acrylic formulations, boosting the demand for acrylate monomers as key ingredients.
- Rising Construction Activities: Construction projects worldwide, including residential, commercial, and infrastructure developments, fuel the demand for acrylic-based coatings, sealants, and adhesives, thereby driving the acrylate monomers market.
- Increasing Disposable Income: Rising disposable income levels in emerging economies contribute to higher spending on durable goods, automotive products, and consumer electronics, driving demand for acrylate-based materials.
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Market Challenges:
- Volatility in Raw Material Prices: Fluctuations in the prices of raw materials such as ethylene, propylene, and acrylic acid impact the production costs of acrylate monomers, affecting profit margins for manufacturers.
- Stringent Environmental Regulations: Regulatory requirements related to VOC emissions, hazardous waste disposal, and worker safety pose challenges for manufacturers in the acrylate monomers market, necessitating compliance measures and investments in sustainable practices.
- Competition from Substitutes: Acrylate monomers face competition from alternative materials such as epoxies, polyurethanes, and silicones, which offer similar properties and performance characteristics in certain applications.
- Impact of COVID-19 Pandemic: The COVID-19 pandemic disrupted supply chains, reduced industrial activities, and dampened consumer demand, leading to short-term challenges for the acrylate monomers market. However, recovery is expected as economic conditions improve.
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Regional Analysis:
- The acrylate monomers market is geographically diverse, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Asia Pacific dominates the market, driven by rapid industrialization, urbanization, and infrastructure development in countries such as China, India, and Southeast Asian nations.
- North America and Europe also hold significant market shares, supported by established manufacturing industries and stringent quality standards.
In summary, the acrylate monomers market is driven by the demand for polymer-based materials in various end-use industries, technological advancements, and increasing construction activities worldwide. While facing challenges such as raw material price volatility and regulatory compliance, the market offers opportunities for growth through innovation, sustainability initiatives, and strategic partnerships.
Acrylate Monomers Market- NOVA Chemicals analysis-
NOVA Chemicals is a prominent player in the acrylate monomers market, known for its innovative solutions, extensive product portfolio, and global presence. Here's an analysis of NOVA Chemicals in the context of the acrylate monomers market:
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Company Overview:
- NOVA Chemicals is a leading producer of plastics and chemicals, with a focus on ethylene and polyethylene production.
- The company operates manufacturing facilities in North America and Europe, serving customers in various industries, including packaging, consumer goods, automotive, and construction.
- NOVA Chemicals is committed to sustainability and innovation, with a focus on developing advanced materials and technologies to meet evolving customer needs.
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Market Presence:
- NOVA Chemicals has a significant presence in the acrylate monomers market through its production of acrylic acid and its derivatives, which are essential raw materials for acrylate monomers.
- The company supplies acrylic acid to manufacturers of acrylate monomers, which are further processed into coatings, adhesives, sealants, and other polymer-based products.
- NOVA Chemicals' global manufacturing and distribution network ensures reliable supply and support for customers in diverse industries across regions.
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Product Portfolio:
- NOVA Chemicals offers a range of acrylic acid and acrylate monomers tailored to meet specific customer requirements and application needs.
- The company's acrylic acid and acrylate monomers find applications in coatings, adhesives, sealants, textiles, and personal care products, among others.
- NOVA Chemicals' products are known for their high quality, consistency, and performance, contributing to customer satisfaction and loyalty.
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Technological Innovation:
- NOVA Chemicals invests in research and development to enhance its product offerings, improve process efficiency, and develop new applications for acrylic acid and acrylate monomers.
- The company collaborates with customers, industry partners, and academic institutions to innovate and develop sustainable solutions that address market trends and challenges.
- NOVA Chemicals' focus on innovation strengthens its competitive position in the acrylate monomers market and enables it to provide value-added solutions to customers.
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Sustainability Initiatives:
- NOVA Chemicals is committed to sustainability and environmental stewardship, integrating principles of circular economy and resource efficiency into its operations.
- The company focuses on reducing emissions, optimizing energy consumption, and minimizing waste generation throughout its value chain.
- NOVA Chemicals' sustainable practices resonate with customers and stakeholders, contributing to its reputation as a responsible supplier in the acrylate monomers market.
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Market Strategy:
- NOVA Chemicals adopts a customer-centric approach, focusing on understanding customer needs, providing technical support, and delivering reliable products and services.
- The company leverages its expertise in polymer chemistry and process technology to develop customized solutions that meet the specific requirements of customers in various industries.
- NOVA Chemicals' strong market presence, technical capabilities, and commitment to sustainability position it as a preferred supplier in the acrylate monomers market.
In summary, NOVA Chemicals plays a significant role in the acrylate monomers market, offering high-quality products, innovative solutions, and sustainable practices that meet the evolving needs of customers worldwide.
Geographical Analysis- Global Market Regional Analysis
What is the Report key Matric point?
Report Metric |
Details |
Market Study Available for Years |
2017–2030 Customize as per Requirement |
Base year Considered |
2020 Customize as per Requirement |
Historical Period |
2017- 2019 |
Forecast Period |
2021–2030 Customize as per Requirement |
Forecast Units |
Value (USD Million, Billion) As per Market |
Segments Covered |
Type, Application, and
Region- Customize as per Requirement |
Geographies Covered |
North America, Europe, Asia Pacific, Latin America, Middle East Africa and RoW- Customize as per Requirement |
Key Segments
Key Segments are Covered in Our Report
By Product
• Butyl Acrylate Monomer
• Methyl Acrylate Monomer
• 2-Ethyl Hexyl Acrylate Monomer
• Ethyl Acrylate Monomer
By Application
• Paints & Coatings
• Adhesives & Sealants
• Plastics
By End-User
• Automotive
• Textiles
• Construction
• Oil & Gas
Market Segments Covered in the Report (Additional can be Customized)
Table of Content
Table of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2033
Chapter 3. Indicative Metrics
Chapter 4. Acrylic Monomers Market Segmentation & Impact Analysis
4.1. Acrylic Monomers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing Demand for Polyethylene
4.2.2.2. Increasing Use of High Performance Formulation Paints
4.2.3. Market restraints analysis
4.2.3.1. Concerns Regarding the Toxic Effects of Acrylate Monomers
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession InfluenceChapter 5. Acrylic Monomers Market By Product Insights & Trends
5.1. Product Dynamics & Market Share, 2019 & 2027
5.2. Methyl Acrylate Monomers
5.2.1. Market estimates and forecast, 2023-2033 (USD Billion )
5.2.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
5.3. Butyl Acrylate Monomers
5.3.1. Market estimates and forecast, 2023-2033 (USD Billion )
5.3.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
5.4. Ethyl Acrylate Monomers
5.4.1. Market estimates and forecast, 2023-2033 (USD Billion )
5.4.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
5.5. 2 Ethyl Hexyl Acrylate Monomers (2-EHA Monomers)
5.5.1. Market estimates and forecast, 2023-2033 (USD Billion )
5.5.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
5.6. Others
5.6.1. Market estimates and forecast, 2023-2033 (USD Billion )
5.6.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )Chapter 6. Acrylic Monomers Market By Application Insights & Trends
6.1. Application Dynamics & Market Share, 2019 & 2027
6.2. Adhesives & Sealants
6.2.1. Market estimates and forecast, 2023-2033 (USD Billion )
6.2.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
6.3. Printing Inks
6.3.1. Market estimates and forecast, 2023-2033 (USD Billion )
6.3.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
6.4. Paints & Coatings
6.4.1. Market estimates and forecast, 2023-2033 (USD Billion )
6.4.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
6.5. Plastics
6.5.1. Market estimates and forecast, 2023-2033 (USD Billion )
6.5.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )
6.6. Others
6.6.1. Market estimates and forecast, 2023-2033 (USD Billion )
6.6.2. Market estimates and forecast, By Region, 2023-2033 (USD Billion )Chapter 7. Acrylic Monomers Market By End User Insights & Trends
7.1. End User Dynamics & Market Share, 2019 & 2027
7.2. Automotive
7.2.1. Market estimates and forecast, 2023-2033 (USD Billion )
7.2.2. Market estimates and forecast, by region, 2023-2033 (USD Billion )
7.3. Textiles
7.3.1. Market estimates and forecast, 2023-2033 (USD Billion )
7.3.2. Market estimates and forecast, by region, 2023-2033 (USD Billion )
7.4. Construction
7.4.1. Market estimates and forecast, 2023-2033 (USD Billion )
7.4.2. Market estimates and forecast, by region, 2023-2033 (USD Billion )
7.5. Oil and Gas
7.5.1. Market estimates and forecast, 2023-2033 (USD Billion )
7.5.2. Market estimates and forecast, by region, 2023-2033 (USD Billion )
7.6. Others
7.6.1. Market estimates and forecast, 2023-2033 (USD Billion )
7.6.2. Market estimates and forecast, by region, 2023-2033 (USD Billion )Chapter 8. Acrylic Monomers Market Regional Outlook
8.1. Acrylic Monomers Market share By Region, 2019 & 2027
8.2. North America
8.2.1. North America Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.2.2. North America Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.2.3. North America Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.2.4. North America Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.2.5. U.S.
8.2.5.1. U.S. Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.2.5.2. U.S. Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.2.5.3. U.S. Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.2.5.4. U.S. Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.2.6. Canada
8.2.6.1. Canada Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.2.6.2. Canada Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.2.6.3. Canada Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.2.6.4. Canada Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3. Europe
8.3.1. Europe Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.2. Europe Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.3. Europe Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.4. Europe Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3.5. Germany
8.3.5.1. Germany Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.5.2. Germany Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.5.3. Germany Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.5.4. Germany Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3.6. U.K.
8.3.6.1. U.K. Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.6.2. U.K. Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.6.3. U.K. Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.6.4. U.K. Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3.7. France
8.3.7.1. France Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.7.2. France Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.7.3. France Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.7.4. France Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3.8. BENELUX
8.3.8.1. BENELUX Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.8.2. BENELUX Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.8.3. BENELUX Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.8.4. BENELUX Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.3.9. Rest of Europe
8.3.9.1. Rest of Europe Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.3.9.2. Rest of Europe Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.3.9.3. Rest of Europe Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.3.9.4. Rest of Europe Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.4. Asia-Pacific
8.4.1. Asia Pacific Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.4.2. Asia Pacific Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.4.3. Asia Pacific Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.4.4. Asia Pacific Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.4.5. China
8.4.5.1. China Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.4.5.2. China Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.4.5.3. China Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.4.5.4. China Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.4.6. Japan
8.4.6.1. Japan Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.4.6.2. Japan Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.4.6.3. Japan Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.4.6.4. Japan Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.4.7. South Korea
8.4.7.1. South Korea Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.4.7.2. South Korea Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.4.7.3. South Korea Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.4.7.4. South Korea Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.4.8. Rest of APAC
8.4.8.1. Rest of Europe Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.4.8.2. Rest of Europe Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.4.8.3. Rest of Europe Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.4.8.4. Rest of Europe Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.5. Latin America
8.5.1. Latin America Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.5.2. Latin America Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.5.3. Latin America Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.5.4. Latin America Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.5.5. Brazil
8.5.5.1. Brazil Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.5.5.2. Brazil Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.5.5.3. Brazil Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.5.5.4. Brazil Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.5.6. Rest of LATAM
8.5.6.1. Rest of LATAM Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.5.6.2. Rest of LATAM Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.5.6.3. Rest of LATAM Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.5.6.4. Rest of LATAM Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.6. Middle East and Africa
8.6.1. Middle East and Africa Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.6.2. Middle East and Africa Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.6.3. Middle East and Africa Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.6.4. Middle East and Africa Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.6.5. Saudi Arabia
8.6.5.1. Saudi Arabia Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.6.5.2. Saudi Arabia Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.6.5.3. Saudi Arabia Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.6.5.4. Saudi Arabia Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.6.6. UAE
8.6.6.1. UAE Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.6.6.2. UAE Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.6.6.3. UAE Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.6.6.4. UAE Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )
8.6.7. Rest of MEA
8.6.7.1. Rest of MEA Acrylic Monomers Market estimates and forecast, 2023-2033, (USD Billion )
8.6.7.2. Rest of MEA Acrylic Monomers Market estimates and forecast By Product Type, 2017–2027, (USD Billion )
8.6.7.3. Rest of MEA Acrylic Monomers Market estimates and forecast by Application, 2017–2027, (USD Billion )
8.6.7.4. Rest of MEA Acrylic Monomers Market estimates and forecast by End User, 2017–2027, (USD Billion )Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor LandscapeChapter 10. Company Profiles
10.1. New Japan Chemical Co Ltd.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. BASF SE
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. The Dow Chemical Company
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Hitachi Chemical Co. Ltd
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Evonik Industries AG
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. Kuraray Co. Ltd
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Arkema Group
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Nippon Shokubai Co. Ltd
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. KH Chemicals
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. Mitsubishi Chemical Corporation
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives
Key Players
Top Key Players in Acrylic Monomers Market
• NOVA Chemicals
• Dow
• ARKEMA-R.S.A FOOT
• Mitsubishi Chemical Group
• Formosa Plastics Corporation, U.S.A.
• AGC Pharma Chemicals
• chevron phillips
• BASF Coatings Services S.A.
• Bayer Consumer Care AG
• Reliance Industries Limited
• Evonik Industries AG Procurement Building
• Other Key Players