As per the ChemAnalyst report titled “Global Butyl Acrylate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, 2015-2032,” the Butyl Acrylate market is projected to witness a significant surge, reaching approximately 6000 thousand tonnes by 2032. This growth is expected at a CAGR of 4.48% during the forecast period, driven by the escalating demand from end-use industries such as Acrylate Copolymers, Paints and Coatings, and Adhesives and Sealants.
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The Acrylate Copolymers sector is anticipated to be a major driving force for the Butyl Acrylate market. These copolymers find applications as solvents in various downstream industries, including paints and coatings, adhesives, and the construction and automotive sectors. Additionally, the increasing use of Butyl Acrylate in the paints and coatings segment is expected to contribute significantly to market growth. This segment is poised to maintain its dominance in the Butyl Acrylate market due to its expanding applications in the construction and automotive industries, coupled with the transition from old coatings to water-based paints and coatings.
The continuous rise in demand from the construction sector, influencing the need for paints, coatings, and other applications of Butyl Acrylate such as adhesives and sealants, is expected to propel the global Butyl Acrylate market in the coming years. Government initiatives promoting favorable policies aimed at reducing volatile organic compound (VOC) emissions into the environment are also likely to stimulate Butyl Acrylate market demand globally. Furthermore, there is a growing requirement for water-based coatings and films in buildings, featuring enhanced properties such as high stability, water and heat resistance, which is anticipated to further drive the Butyl Acrylate market in the forecast period.
The global Butyl Acrylate market is segmented based on end-use, sales channel, and region. In terms of region, Asia Pacific dominates the market in consumption, accounting for approximately 55% in 2022 and is expected to maintain its dominance in the years to come. The rising utilization of Butyl Acrylate in paints, coatings, sealants, and adhesives within the building and construction industry is likely to fuel demand in this region.
Based on end-user industries, the global Butyl Acrylate market includes Acrylate Copolymers, Paints and Coatings, Adhesives and Sealants, and Others. The Acrylate Copolymers industry holds a dominant position in the Butyl Acrylate market and is projected to further grow in the forecast period. Another significant consumer is the Paints and Coatings industry, driven by increasing demand across various applications in automotive, construction, industrial, and other sectors.
The key players in the Butyl Acrylate market, as outlined in the report, include BASF SE, Dow Chemical Company, Arkema, LG Chem Ltd., Formosa Plastics Corporation, Saudi Acrylic Monomers Company (SAMCO), Shanghai Huayi Acrylic Acid Co., Ltd, PETRONAS Chemicals Group Berhad (PCG), Zhejiang Satellite Petrochemical Co., Ltd., Oita Chemical, Nippon Shokubai Co., Ltd., Bharat Petroleum Corporation Limited, and others.
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https://www.chemanalyst.com/industry-report/butyl-acrylate-market-58
Mr. Karan Chechi, Research Director with TechSci Research, emphasized, “The continuously expanding demand from the Acrylate Copolymers and paints & coatings industries is predicted to drive the Butyl Acrylate market until 2032. The consistent rise in demand for Butyl Acrylate monomers in the formulation of water-based acrylic emulsions for domestic and industrial coatings, coupled with the increasing demand for water-based coatings and its extensive application in the automotive industry, are expected to boost the Butyl Acrylate market in the forthcoming years.”
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