Press Release

Asia Pacific to Dominate Global Butyl Acrylate Market During Forecast Period

Growth in automotive and construction industries and rising demand from developing economies is expected to drive the growth of global butyl acrylate market during forecast period

According to TechSci Research report, Global Butyl Acrylate Market By Product Type, By Purity, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024, the global butyl acrylate market is expected to grow at a steady CAGR during the forecast period. The butyl acrylate market is projected to witness growth on account of introduction of innovative and renewable methods of production, rising demand in the petrochemical end use industry. In addition, rapidly increasing research and development activities of the key market players, in order to use the product based on butyl acrylate in various innovative applications, is projected to bolster the growth of global butyl acrylate market in the coming years. However, stringent government regulations over the production and disposal of the compound owing to its non-bio-degradable nature is expected to hamper the global butyl acrylate industry growth over the forecast period.

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The global butyl acrylate market is segmented based on product type, purity, application, end user industry, region and company. Based on application, the market is fragmented into adhesives & sealants, textile, plastics, paints & coatings and others. Until 2018, the paints & coatings segment dominated the butyl acrylate market and is further anticipated to maintain its dominance over the forecast period as well. This dominance can be attributable to its large-scale applications in construction and automotive industries coupled with emerging replacement of existing coatings with water-based paints & coatings. Additionally, properties, such as durability, high hardness, and enhanced weather ability, is making the material a preferred choice for automotive coating applications.


BASF SE, ARKEMA S.A., Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd., DuPont de Nemours, Inc., LG Chem Ltd., SunVic Chemical Holdings Corporation, Toagosei Co., Ltd, Wanhua Chemical Group Co., Ltd, Formosa Plastics Corporation and others are some of the leading players operating in global butyl acrylate market.

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“Asia-Pacific region is projected to hold a prominent share in the market over the coming years which can be attributed to surge in growth of automotive and construction industries which in turn is leading to increased usage of butyl acrylate for the manufacturing of water-based coatings, which are likely to replace solvent-based coatings. Moreover, the industrial textile & apparel segment in China is expanding at a brisk rate which is a key driver of the butyl acrylate market in Asia-Pacific through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Butyl Acrylate Market By Product Type, By Purity, By Application, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global butyl acrylate market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global butyl acrylate market.


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