Butyl Acrylate Market to Expand with Significant CAGR During 2026



According to a new research report titled ‘Butyl Acrylate Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 by Transparency Market Research (TMR), the global butyl acrylate market is projected to expand at a CAGR of 5.0% from 2018 to 2026. In terms of volume, the global butyl acrylate market is expected to reach 4,840.3 kilo tons by 2026. Growth of automotive and construction industries drives the global butyl acrylate market. The butyl acrylate market in Asia Pacific is estimated to expand at a CAGR of 5.2% during the forecast period owing to the presence of a large number of acrylic acid and acrylic ester manufacturers in the region. In terms of purity, the high purity segment held significant share of the market in 2017.

Read Report Overview @

Rise in demand for high purity butyl acrylate monomers to manufacture acrylic resins

Based on purity, the global butyl acrylate market has been divided into high purity and common purity. Butyl acrylate has outstanding properties which makes it a preferred material for manufacturing water-based coatings and adhesive materials. Butyl acrylate has high strength and rigidity, excellent chemical resistance, and thermal endurance for use in high temperature applications. High purity butyl acrylate products are used in formulating resins and engineering plastics for car interiors and engine components. Butyl acrylate with common purity monomers are lab scale chemical synthesis of polymers.

Paints & coatings application to dominate global butyl acrylate market

Based on application, the butyl acrylate market has been segregated into paints & coatings, adhesives & sealants, chemical synthesis, plastic additives, textiles, and others. The others segment includes pulp & paper applications and leather processing. The paints & coatings segment holds major share of the butyl acrylate market. This trend is likely to continue during the forecast period owing to its applications in construction and automotive industries and rise in replacement of existing coatings with water-based paints & coatings. Butyl acrylate has properties, such as high hardness, durability, and enhanced weather ability, which make the material a preferred choice for automotive coating applications. The adhesives & sealants segment held large share of the global butyl acrylate market in 2017. Rise in usage of butyl acrylate to manufacture adhesives & sealants is attributed to the increase in demand for pressure adhesive tapes for packaging applications to replace traditional plastics such as PVC. This is expected to boost the demand for butyl acrylate in adhesives & sealants in the near future. The plastic additives segment held considerable share of the butyl acrylate market in 2017. Butyl acrylate resins are used to manufacture switchgear, connector technology, and electronics related products, as these are heat-resistant and VOC free resins.

Request to view Sample Report:

Price Trends of Butyl Acrylate

Currently, butyl acrylate manufacturers, across the globe, enjoy high selling price due to continuous rise in prices of feedstock materials such as propylene and acrylic acid. Major players are expanding their production capacities to increase their market share. In 2015, BASF entered into a joint venture with SINOPEC to establish a butyl acrylate plant at Shanghai Chemical Industry Park (SCIP) in China to cater to the increase in demand for water-based coatings & adhesives using butyl acrylate monomers. This, in turn, is estimated to increase the demand for butyl acrylate in China. In Europe, players are resolving issues related to the production of acrylic acid and butanol. This, in turn, is expected to increase the supply of butyl acrylate in the second quarter of 2018. Several major manufacturers and sellers, such as ARKEMA S.A., DOWDUPONT INC, Mitsubishi Chemical Corporation, have announced an increase in prices of butyl acrylate monomers in North America, Asia Pacific, and Europe. The acrylic acid and acrylic esters markets in Europe has witnessed shortage of supply caused by an explosion and consequent fire at BASF’s Ludwigshafen site in October 2017. This has caused the force shutdown of the plant in turn resulting short supply especially for butyl acrylate, 2-ethyl hexyl acrylate and acrylic acid. Butyl acrylate prices are likely to increase during forecast period due to the rise in demand and supply shortage.

Asia Pacific is anticipated to dominate the market during the forecast period

The global butyl acrylate market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold a prominent share of the market owing to the growth in automotive and construction industries. This, in turn, is increasing the usage of butyl acrylate to manufacture water-based coatings which are likely to replace solvent-based coatings. Butyl acrylate monomers induced adhesive and resin modifiers are extensively used in building construction materials. The market in North America is anticipated to expand at a considerable pace, followed by Asia Pacific. In 2017, ARKEMA’s planned to increase its butyl acrylate production capacity in the U.S. This, in turn, is likely to drive the demand for butyl acrylate in the country. Expansion of the industrial textile & apparel segment in China is a key driver of the butyl acrylate market in Asia Pacific. Demand for butyl acrylate in Europe is high due to the presence of large number of automobile manufactures in the region.

Request for TOC @

Highly consolidated market with few major players

The report comprises profiles of major companies operating in the global butyl acrylate market. Key players operating in the market include ARKEMA S.A., BASF S.E, NIPPON SHOKUBAI CO., LTD, DOWDUPONT INC., LG CHEM LTD., TAOGOSEI CO., LTD., Mitsubishi Chemical Corporation, and SunVic Chemical Holdings Corporation. Other prominent players in the butyl acrylate market include Formosa Plastics Corporation, Shenyang Chemical Co., Ltd, OSWAL UDHYOG, Haihang Industry Co., Ltd., Shanghai Huayi Acrylic Co., Ltd., Wanhua Chemical Group Co., Ltd., and China National Offshore Oil Corporation. On April 26, 2018, Mitsubishi Chemical Corporation concluded an agreement with Indian Oil Corporation Limited over the licensing of its proprietary technology for manufacturing acrylic acid and acrylic acid esters, such as butyl acrylate and 2-ethyl hexyl acrylate, in India.

Comments

Post a Comment

Popular posts from this blog

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

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

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