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Butyl Acrylate Market Size, Growth | Global Analysis Reports, 2015 to 2035 | ChemAnalyst
Butyl Acrylate Market is anticipated to witness a significant growth by reaching 6.5 million tonnes in 2035, growing at a CAGR of 4.91% in the next ten years.
Butyl Acrylate is a well-known form of acrylic esters, exhibiting wide range of applications owing to its desirable characteristics such as hardness, low temperature flexibility, high temperature resistance, color stability, and acid-base resistance. As of 2021, worldwide demand for butyl acrylate is catered by production capacity of approximately 4.8 million tonnes which is anticipated to further grow with increasing expansions and installation of new production capacities across the globe backed by increasing demand in numerous end use industries.
Continued growth in the construction sector which spur the need for paints, coatings, and other Butyl Acrylate applications viz., adhesives & sealants would strongly drive the global Butyl Acrylate market in the forthcoming years. It seems that due to initiatives taken by the government in terms of favorable policies increased focus on reducing VOC emission plastics in environment would also prompt Butyl Acrylate market demand, worldwide. In addition, high demand for water-borne coatings and films in the buildings with superior properties including high stability, water, and heat resistance etc. is on the rise which is swelling the overall Butyl Acrylate consumption.
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Butyl Acrylate Market is segmented on the basis of end use, sales channel, and region. Based on end-uses, the Butyl Acrylate market is segregated into acrylate copolymers, paints & coatings, adhesive & sealants, and others. The Paints & Coatings sector is likely to show an upward trend around the globe in coming years, owing to its high demand for automotive and construction industry.
Some of the major players operating in Butyl Acrylate market are BASF SE, Arkema S.A, Dow Chemical Company, Nippon Shokubai Co., Ltd., TASNEE, Shanghai Huayi Group, Formosa Plastics Corporation, Satellite Chemical Co Ltd, Wanhua Chemical, LG Chem Ltd., and others.