According to ChemAnalyst report, “Butyl Acrylate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional demand, 2015-2035”, The Butyl Acrylate market is expected to witness considerable growth by reaching 6.5 million tonnes in 2035, growing at a healthy CAGR of 4.91% in the next ten years. Surging use of Butyl Acrylate in end use industries such as paints & coatings, adhesives, and other end-use industries, is likely to boost the Butyl Acrylate market in the upcoming years. Butyl acrylate readily polymerizes and exhibits a wide range of characteristics depending on the reaction circumstances and monomer utilized.
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.
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.
Due to the unprecedented outbreak of COVID-19 in 2020, the Butyl Acrylate market showcased a downward trajectory around the globe. Several industries, businesses, and manufacturing units were severely affected across the world due to the nationwide lockdowns imposed by the leading government authorities. However, as the situation started normalising, restrictions were eased, and the market growth observed an uptrend owing to the increased demand from the downstream industries.
Among different regions, the Asia Pacific region accounts for the largest share in the Butyl Acrylate market and is likely to maintain its dominance until the forecast period. China, being one of the leading producers of Butyl Acrylate, is likely to boost its manufacturing due to its increased demand from the downstream sectors, which will further accelerate the Butyl Acrylate market across the globe in the upcoming years.
Butyl Acrylate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional demand 2015-2035”, 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.
“The rapidly increasing demand from the flourishing paints & coatings and automotive industry is expected to boost the Butyl Acrylate market in the forecast period until 2035. Consistently growing demand for Butyl Acrylate monomers in the formulation of water-based acrylic emulsions for architectural and industrial coatings, growing demand for water-based coatings as well as its widespread use in automotive industry is likely to augment its market in the next few years. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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