The global acrylic esters market in terms of value is projected to reach $17,580 million by 2019. The global consumption for acrylic esters is projected to register a CAGR of 4.4% in the forecast period.
Acrylic esters find various applications in surface coatings, adhesives & sealants, plastic additives, detergents, and textiles. Growing end-use application of superabsorbent polymers in the emerging markets, expansions by the market players and commercialization of bio-based acrylic esters will lead the acrylic esters and its derivatives market. This market intelligence report on ‘Global Acrylic esters Market’ makes an effort to estimate the market of acrylic esters by types, applications, and regions in terms of both, value and volume.
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The report categorizes Acrylic esters into the following types:
- Acrylic Esters
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- 2-Ethylhexyl Acrylate
- Others
2. Acrylic Esters by Application
- Surface coatings
- Adhesives & sealants
- Plastic additives
- Detergents
- Textiles
- Others
“Asia-Pacific: The Biggest Market of Acrylic esters”
The Asia-Pacific region was the world’s largest market for acrylic esters both, in terms of volume and value in 2013. China is the key consumer of acrylic esters in Asia-Pacific. Various expansions and new product developments in the acrylic esters industry and the growing applications of super absorbent polymers have in turn made the region a potential growth market for acrylic esters and its market.
Expansion and new product development are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are investing in research and development to develop new products to abide by the environmental regulation.
Key companies like Arkema SA (France), BASF SE (Germany), Evonik Industries (Germany), LG Chem Ltd. (South Korea), Momentive Specialty Chemicals Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), OJSC Sibur Holding (Russia), Sasol Ltd. (South Africa), Nippon Shokubai Co. Limited (Japan), The Dow Chemical Company (U.S.), are the most active and important players of the global acrylic esters industry.
