Demand for acrylates in India stood at more
than 200 KTPA in 2018 and is projected to grow at a healthy rate during forecast
period. In India, currently no company is manufacturing acrylates monomers.
Thus, India is totally depended on imports of acrylates such as Butyl acrylate,
Ethyl acrylate, Methyl acrylate and 2-Ethyl hexyl acrylate. These acrylates
have different use in different applications. The major use of acrylates is in
paints & coatings industry, textiles, plastics and adhesives manufacturing.
Increasing construction activities in India is propelling the demand for paints,
adhesives, plastic sheets, thereby directly driving the demand for acrylate
monomers to produce end products.
Acrylates
are majorly used in paints and coatings industry, adhesive industry owing to
their properties, such as heat and ageing resistance, color stability, low-temperature
flexibility and good weatherability. The major reason for using acrylates
rather than polymers is glass transition temperature. Acrylates have a great
stability at transition temperature in comparison to polymers, which undergo
transition change at glass temperature and lose their property, while acrylates
remain stable.
Years Considered
for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
- The primary objective
of the study was to evaluate and forecast acrylates production, demand,
inventory, and demand-supply gap in India.
- To categorize demand
for acrylates based on end use, type, sales channel
and region.
- To study trade
dynamics and company share in India acrylates market.
- To identify major customers
of acrylates in India.
- To evaluate and
forecast acrylates pricing by type in India.
- To identify and
profile major companies operating in India acrylates market.
- To
identify major developments, deals and expansion plans in India acrylates market.
Report Scope:
In this report, India acrylates
market has been
segmented into following categories:
Some of the major players operating in India acrylates market are BASF SE, The Dow Chemical
Company, Arkema SA, Nippon Shokubai Co., Ltd, New Japan Chemical Co., Ltd,
Saudi Acrylic Monomer Company Limited, Mitsubishi Chemical Corporation, Hitachi
Chemical Co., Ltd, Formosa Petrochemical Corporation., etc.
To extract data for India acrylates market,
primary research surveys were conducted with manufacturers, suppliers,
distributors, wholesalers and end users of acrylates. While interviewing, the
respondents were also inquired about their competitors. Through this technique,
TechSci Research was able to include manufacturers that could not be identified
due to the limitations of secondary research. Moreover, TechSci Research
analyzed various end user segments and projected a positive outlook for India acrylates
market over the coming years.
TechSci Research calculated demand
for acrylates in India by analyzing
the historical data and demand forecast was carried out considering the
imports, consumption pattern and analyzing the demand by tracking upcoming manufacturing
units. TechSci Research sourced these values from industry experts and company
representatives and externally validated through analyzing historical sales data of respective
manufacturers to arrive at the overall market size. Various secondary sources
such as company websites, association reports and annual reports were also studied
by TechSci Research.
Key
Target Audience:
- Acrylates
manufacturers and other stakeholders
- Organizations,
forums and alliances related to acrylates distribution
- Government
bodies such as regulating authorities and policy makers
- Market research organizations and consulting
companies
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders such as acrylates manufacturers, distributors
and policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs.
In case you can’t find what,
you are looking for then please get in touch with our custom research team at [email protected]