Acrylic Monomer Market Overview

The Acrylic Monomer Market reached a valuation of US$ 9.4 Billion in 2023 and is projected to grow to US$ 15.6 Billion by 2031, reflecting a robust CAGR of 6.72% during the forecast period from 2024 to 2031. This sector is undergoing significant transformations due to evolving market dynamics.

Insights and Market Analysis

According to DataM Intelligence’s latest report, businesses aiming to enhance market entry and increase the return on investment for their campaigns can benefit from data-driven insights, including SWOT analysis and strategic intelligence.

Market Composition and Drivers

The acrylic monomer market includes crucial components like methyl methacrylate (MMA), butyl acrylate, and ethyl acrylate, which are essential in creating acrylic polymers utilized in paints, coatings, adhesives, textiles, and plastics. The demand is increasingly influenced by stringent environmental regulations, leading to a shift towards high-performance, UV-curable, and low-VOC formulations, alongside innovations in catalysts and bio-based feedstock developments.

Recent Developments

Notable advancements in the industry include:

• The commissioning of a 150 ktpa bio-MMA plant in Europe utilizing CO2-derived feedstock to reduce carbon emissions.
• Introduction of next-generation low-emission butyl acrylate grades with improved adhesion properties for waterborne coatings.
• A strategic joint venture between a petrochemical leader and a biotech company focused on enzyme-catalyzed acrylic monomer synthesis.
• Expansion of ethyl acrylate production capacity in China by 100 ktpa to satisfy increased demand from the adhesive and hygiene markets.
• Innovation in continuous-flow polymerization catalysts, achieving a 20% reduction in energy consumption during monomer production.

Key Market Players

Major firms propelling the Acrylic Monomer Market include:

• BASF SE
• Arkema Group
• Dow Inc.
• Evonik Industries AG
• Mitsubishi Chemical Corporation
• Nippon Shokubai Co., Ltd.
• LG Chem
• SABIC
• Formosa Plastics Corporation
• Mitsui Chemicals, Inc.

Segmentation Insights

The market is segmented based on:

• By Product: Includes Methyl Acrylate Monomers, Butyl Acrylate Monomers, Ethyl Acrylate Monomers, and others.
• By Application: Comprises plastics, adhesives, synthetic resins, acrylic fibers, building materials, and more.
• By End-User: Categorized into paints and coatings, construction, automotive, consumer goods, and several others.

Regional Overview

The Acrylic Monomer Market analysis covers various regions:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Germany, France, and more)
• Asia-Pacific (India, China, Japan, etc.)
• South America (Brazil, Argentina, etc.)
• Middle East & Africa (UAE, South Africa, etc.)

FAQs and Contact Information

Common inquiries in the Acrylic Monomer Market include:

• What factors are driving growth?
• Which companies are innovating and capturing market share?
• How are regulations affecting market dynamics?
• Which regions are expected to grow the fastest?
• What challenges could impede market growth?

For more detailed analysis and assistance, reach out to:

DataM Intelligence
Contact: Sai Kiran
Email: [email protected]
Phone: +1 877 441 4866
Website: datamintelligence.com