Global Acrylic Monomer Market Size, Share, Analysis Report - Forecast 2032

Acrylic Monomer Market Insights

A latest report by Market Research Store estimates that the Global Acrylic Monomer Market was valued at USD 9.28 Billion in 2023 and is expected to reach USD 16.01 Billion by 2032, with a CAGR of 5.6% during the forecast period 2024-2032. The report Acrylic Monomer Market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

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Acrylic Monomer Market: Overview

The growth of the acrylic monomer market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The acrylic monomer market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the acrylic monomer market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Type, Application, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global acrylic monomer market is estimated to grow annually at a CAGR of around 5.6% over the forecast period (2024-2032).
• In terms of revenue, the global acrylic monomer market size was valued at around USD 9.28 Billion in 2023 and is projected to reach USD 16.01 Billion by 2032.
• The market is projected to grow at a significant rate due to increasing demand from end-use industries like paints and coatings, adhesives and sealants, and plastics, coupled with the rising preference for water-based acrylic coatings due to environmental concerns.
• Based on the Type, the Butyl Acrylate segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Application, the Paints and Coatings segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Acrylic Monomer Market: Report Scope

This report thoroughly analyzes the acrylic monomer market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

Acrylic Monomer Market: Dynamics

Key Growth Drivers

The Acrylic Monomer market in India is experiencing robust growth driven by the expanding paints and coatings industry, fueled by infrastructure development, construction activities, and increasing automotive production, as acrylic monomers are key components in these applications. The growing demand from the adhesives and sealants sector, driven by packaging, construction, and industrial applications, also significantly contributes to market expansion. Furthermore, the increasing use of acrylics in the plastics and elastomers industries for various products like sheets, films, and impact modifiers is a major growth engine. The rising demand from the textile industry for acrylic fibers and coatings, along with the expanding use of acrylics in the healthcare sector for medical devices and adhesives, further supports market growth.

Restraints

Despite the strong growth drivers, the Acrylic Monomer market in India faces certain restraints. Fluctuations in the price and availability of key raw materials, primarily propylene and acrylic acid, which are derived from crude oil, can significantly impact production costs and market volatility. Stringent environmental regulations concerning the production, handling, and disposal of acrylic monomers and their derivatives can increase operational costs and necessitate investments in cleaner technologies. Furthermore, the availability of alternative monomers and polymers for some applications might limit the exclusive reliance on acrylics. Economic downturns, particularly in the construction, automotive, and manufacturing sectors, can also dampen demand for acrylic monomers.

Opportunities

The Acrylic Monomer market in India presents numerous opportunities for expansion and innovation. The increasing focus on water-based and environmentally friendly acrylic coatings and adhesives aligns with stricter environmental regulations and growing consumer preference for sustainable products. The development of high-performance acrylic monomers with enhanced properties like weather resistance, adhesion, and flexibility can cater to specialized application needs. Furthermore, the growing demand for acrylics in emerging applications such as 3D printing resins, energy storage components, and advanced composites offers significant future potential. The "Make in India" initiative can encourage domestic production of acrylic monomers and reduce reliance on imports. The expanding construction and infrastructure sectors in Tier-II and Tier-III cities also present new regional demand.

Challenges

The Acrylic Monomer market in India faces challenges related to ensuring a stable and cost-competitive supply of raw materials. Adhering to increasingly stringent environmental regulations regarding emissions and waste management requires ongoing investment and technological upgrades. Maintaining competitiveness against international producers in terms of both price and quality is crucial. Building technical expertise in the production and application of a wide range of acrylic monomers and their derivatives is also essential. Furthermore, navigating the complex regulatory landscape for the chemical industry in India can pose operational hurdles. The market also needs to adapt to potential shifts in demand based on technological advancements in end-use industries and the development of alternative materials. Finally, ensuring the safe handling and transportation of these potentially hazardous chemicals is paramount.

Acrylic Monomer Market: Segmentation Insights

The global acrylic monomer market is segmented based on Type, Application, and Region. All the segments of the acrylic monomer market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Type, the global acrylic monomer market is divided into Butyl Acrylate, Ethyl Acrylate, Ethylhexyl Acrylate, Methyl Acrylate.

On the basis of Application, the global acrylic monomer market is bifurcated into Paints and Coatings, Plastics, Adhesives, Printing Inks, Other Applications.

Acrylic Monomer Market: Regional Insights

The Asia-Pacific (APAC) region dominates the global acrylic monomer market, accounting for the largest revenue share due to rapid industrialization, extensive manufacturing capabilities, and high demand from end-use industries such as paints & coatings, adhesives, and textiles. In 2023, APAC held over 50% of the market, with China as the primary driver, supported by its massive chemical production capacity, booming construction sector, and government initiatives promoting domestic manufacturing. India and Japan also contribute significantly, driven by growing automotive and electronics industries.

North America and Europe follow, with demand fueled by advanced applications in automotive coatings and renewable energy technologies, though their market growth is slower due to stringent environmental regulations. The Middle East & Africa and Latin America show moderate growth, supported by infrastructure development and increasing investments in petrochemicals. APAC’s dominance is projected to persist, bolstered by rising urbanization, expanding industrial base, and innovations in sustainable acrylic monomers.

Acrylic Monomer Market: Competitive Landscape

The acrylic monomer market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global Acrylic Monomer Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• BASF SE
• NIPPON SHOKUBAI Co. Ltd
• Dow Inc.
• Arkema
• LG Chem Ltd.

The Global Acrylic Monomer Market is Segmented as Follows:

By Type

• Butyl Acrylate
• Ethyl Acrylate
• Ethylhexyl Acrylate
• Methyl Acrylate

By Application

• Paints and Coatings
• Plastics
• Adhesives
• Printing Inks
• Other Applications

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Market Evolution

This section evaluates the market position of the product or service by examining its development pathway and competitive dynamics. It provides a detailed overview of the product's growth stages, including the early (historical) phase, the mid-stage, and anticipated future advancements influenced by innovation and emerging technologies.

Porter’s Analysis

Porter’s Five Forces framework offers a strategic lens for assessing competitor behavior and the positioning of key players in the acrylic monomer industry. This section explores the external factors shaping competitive dynamics and influencing market strategies in the years ahead. The analysis focuses on five critical forces:

• Competitive Rivalry
• Threat of New Entrants
• Threat of Substitutes
• Supplier Bargaining Power
• Buyer Bargaining Power

Value Chain & Market Attractiveness Analysis

The value chain analysis helps businesses optimize operations by mapping the product flow from suppliers to end consumers, identifying opportunities to streamline processes and gain a competitive edge. Segment-wise market attractiveness analysis evaluates key dimensions like product categories, demographics, and regions, assessing growth potential, market size, and profitability. This enables businesses to focus resources on high-potential segments for better ROI and long-term value.

PESTEL Analysis

PESTEL analysis is a powerful tool in market research reports that enhances market understanding by systematically examining the external macro-environmental factors influencing a business or industry. The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors. By evaluating these dimensions, PESTEL analysis provides a comprehensive overview of the broader context within which a market operates, helping businesses identify potential opportunities and threats.

• Political factors assess government policies, stability, trade regulations, and political risks that could impact market operations.
• Economic factors examine variables like inflation, exchange rates, economic growth, and consumer spending power to determine market viability.
• Social factors explore cultural trends, demographics, and lifestyle changes that shape consumer behavior and preferences.
• Technological factors evaluate innovation, R&D, and technological advancements affecting product development and operational efficiencies.
• Environmental factors focus on sustainability, climate change impacts, and eco-friendly practices shaping market trends.
• Legal factors address compliance requirements, industry regulations, and intellectual property laws impacting market entry and operations.

Import-Export Analysis & Pricing Analysis

An import-export analysis is vital for market research, revealing global trade dynamics, trends, and opportunities. It examines trade volumes, product categories, and regional competitiveness, offering insights into supply chains and market demand. This section also analyzes past and future pricing trends, helping businesses optimize strategies and enabling consumers to assess product value effectively.

Acrylic Monomer Market: Company Profiles

The report identifies key players in the acrylic monomer market through competitive landscape and company profiles, evaluating their offerings, financial performance, strategies, and market positioning. It includes a SWOT analysis of the top 3-5 companies, assessing strengths, weaknesses, opportunities, and threats. The competitive landscape highlights rankings, recent activities (mergers, acquisitions, partnerships, product launches), and regional footprints using the Ace matrix. Customization is available to meet client-specific needs.

Regional & Industry Footprint

This section details the geographic reach, sales networks, and market penetration of companies profiled in the acrylic monomer report, showcasing their operations and distribution across regions. It analyzes the alignment of companies with specific industry verticals, highlighting the industries they serve and the scope of their products and services within those sectors.

Ace Matrix

This section categorizes companies into four distinct groups—Active, Cutting Edge, Innovator, and Emerging—based on their product and business strategies. The evaluation of product strategy focuses on aspects such as the range and depth of offerings, commitment to innovation, product functionalities, and scalability. Key elements like global reach, sector coverage, strategic acquisitions, and long-term growth plans are considered for business strategy. This analysis provides a detailed view of companies' position within the market and highlights their potential for future growth and development.

Research Methodology

The qualitative and quantitative insights for the acrylic monomer market are derived through a multi-faceted research approach, combining input from subject matter experts, primary research, and secondary data sources. Primary research includes gathering critical information via face-to-face or telephonic interviews, surveys, questionnaires, and feedback from industry professionals, key opinion leaders (KOLs), and customers. Regular interviews with industry experts are conducted to deepen the analysis and reinforce the existing data, ensuring a robust and well-rounded market understanding.

Secondary research for this report was carried out by the Market Research Store team, drawing on a variety of authoritative sources, such as:

• Official company websites, annual reports, financial statements, investor presentations, and SEC filings
• Internal and external proprietary databases, as well as relevant patent and regulatory databases
• Government publications, national statistical databases, and industry-specific market reports
• Media coverage, including news articles, press releases, and webcasts about market participants
• Paid industry databases for detailed market insights

Market Research Store conducted in-depth consultations with various key opinion leaders in the industry, including senior executives from top companies and regional leaders from end-user organizations. This effort aimed to gather critical insights on factors such as the market share of dominant brands in specific countries and regions, along with pricing strategies for products and services.

To determine total sales data, the research team conducted primary interviews across multiple countries with influential stakeholders, including:

• Distributors
• Marketing, Brand, and Product Managers
• Procurement and Production Managers
• Sales and Regional Sales Managers, Country Managers
• Technical Specialists
• C-Level Executives

These subject matter experts, with their extensive industry experience, helped validate and refine the findings. For secondary research, data was sourced from a wide range of materials, including online resources, company annual reports, industry publications, research papers, association reports, and government websites. These various sources provide a comprehensive and well-rounded perspective on the market.

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