Acrylate Monomers Market to Undertake Strapping Growth During 2024

Transparency Market Research observes the global acrylate monomers market to be price sensitive that has compelled key players to develop acrylic products with inexpensive formulations. Despite this, some of the key players such as Arkema S.A., Evonik Industries, and the Dow Chemical Company have announced upping of prices of their products. Generally, manufacturers of acrylate monomers are partnering with OEM manufacturers, designers, and merchandisers to develop cost effective acrylic resins. As a rule of thumb, formulations that can help reduce the cost of acrylic acid or resins without impact on their performance is anticipated to create growth opportunities in the acrylate monomers market.

Read Report Overview @

Mergers and acquisitions and expansion in new geographies have been envisaged to open growth opportunities in the global acrylate monomer market, notes the study.Transparency Market Research foresees the global acrylate monomer market to attract a revenue of US$11,112.3 mn by the end of 2025 from US$6,987.9 mn in 2016, expanding at 5.4% CAGR between 2017 and 2025.
Based on product, the global acrylate monomers market is categorized into butyl acrylate, methyl acrylate, ethyl acrylate, 2-ethyl hexyl acrylate, and others. Of them, butyl acrylate and 2-ethyl hexyl acrylate are commonly used in the paint & coating industry.

Geography-wise, Asia Pacific holds the leading share in the global acrylate monomers market driven by a number of favorable factors.

“The extensive use of acrylate monomers in paints and coatings is chiefly driving the global acrylate monomers market. In particular, the demand for water based coatings is positively influencing the demand for acrylate monomers. This is because the use of acrylate monomers in water-based coatings enhances the physical properties of the formulation. In addition, it provides better water resistance, low temperature flexibility, and excellent weathering and sunlight resistance,” explains the author of the study. As per the Paint Quality Institute, water-based paints or coatings constitute almost 80% of paints sold for household use, in developed regions.

Acrylate monomers display properties of UV curability, weather resistance, and adhesiveness that make them suitable for a wide array of applications. Apart from this, superior durability and UV resistance, high flexibility, and gloss are the key properties of acrylate monomers that have boosted their demand.

Acrylate monomers find extensive scope in polymer flooding technology used in the oil and gas sector. Studies reveal that acrylamide upon copolymerization with functional acrylate monomers enhance the physical properties such as temperature resistance and salt resistance of polymers that are used for flooding the reservoir. Though still in experimental stage, the results obtained so far are quite promising on grounds of which acrylate monomers may find commercial applications in the oil and gas industry.

Request to view Sample Report:

On the downside, acrylate monomers are subject to regulations as they are toxic and direct exposure to these substances is harmful. This is restraining the growth of the market to some extent. Nevertheless, recent advances have led to successful formulation of bio-based or plant-based acrylate monomers. These formulations have potential for commercial applications, and are anticipated to become alternative to existing petrochemical-based acrylate monomers.





About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Wood Adhesives and Binders Market to Perceive Substantial Growth During 2020 The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the global wood adhesive and binders market is estimated to reach a valuation of US$ 17.7 bn by the end of the forecast period in 2020. The CAGR is projected to expand at 4.4% between 2014 to 2020. The furniture and subcomponents segment under the application category is estimated to lead the market by attaining 5% CAGR during the forecast period. As per geography, North America leads the global market. The region is witness larger consumption of wood adhesive and binders market in the recent past. Increasing Demand in Construction Industry Could Boost the Market Wood adhesive and binders have a significant role in making cabinets, windows, doors, flooring, plywood, and various other structural panels. The use of wood adhesive and binders is widely seen in furniture and construction areas. As the construction market is estimated to increase at a CAGR of 4.7% during 2016 to 2020, which will significantly boost the demand for wood adhesive and binders during the same period. Rising population in emerging nations, require residential facilities thus propelling the construction and infrastructure market, which will further boost the demand for wood adhesive and binders market. Asia Pacific being the major region where building and construction industry have significantly growing 2015 to 2020. Environmental Concerns May Restrain the Wood Adhesive and Binders Market to Grow at its Full Potential Petroleum based feedstock like vinyl, styrene butadiene, urea, acetate, phenols, acrylates, and polyurethanes helps in manufacturing wood adhesive and binders. As these petroleum feedstock’s are highly dependent on crude oil, even a minute fluctuation in the crude oil prices affects the raw material required to manufacture wood adhesive and binders. Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3045 Additionally, with the emission of volatile organic compounds (VOC) while manufacturing wood adhesive and binders highly affects the environment and create various health risks. The increasing environmental concerns may restrict the market from attaining its full potential. Thus to mitigate these harmful effects number of governments are bring regulation to restrict the amount of gasses releases while manufacturing adhesives and binders which will help the market to grow in coming years. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the glob...
Keep reading

Water Pump Market - Global Industry Analysis , Share 2023 | TMR

Albany, New York, May 29, 2017: Transparency Market Research (TMR) announces a new report on the global water pump market. The report, titled ‘Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023,’ profiles the historical development of the market to derive useful patterns regarding the way the market has developed in the recent past. Based on a solid database of past and present data, reliable projections regarding the future growth trajectory of the global water pump market have been provided in the report. The report provides readers with a comprehensive picture of the global water pump market, making it a must-have accessory for interested parties in the market. Browse Market Research Report @ http://www.transparencymarketresearch.com/water-pump-market.html Water pumps have been a necessity in human development and have played a key role in the development of human civilization itself. In recent years, the global w...
Keep reading