Global Acrylate Monomer Market TOC
Acrylate Monomers Market size was valued at USD 8.25 Billion in 2023 and is projected to cross USD 17.17 Billion by the end of 2036, expanding at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of acrylate monomers is estimated at USD 8.68 Billion. The use of acrylate monomers in construction materials, including insulation and concrete repair, is due to their high strength and ability to provide superior adhesion to a variety of surfaces. In addition, they are highly resistant to water and UV rays, making them suitable for outdoor applications. Additionally, growth in the construction sector due to rapid urbanization in developing countries is expected to boost the demand for paints and coatings, which will ultimately boost the demand for monomers acrylate. Such as, according to the World Bank, the total urban population is 4.4 billion people in 2021, up 2.3% from 2020. By 2050, nearly 7 in 10 people in the world will live in cities urban population and urban population growth will double.
Acrylic monomers are indispensable in the construction, automotive, packaging and electronics industries. Acrylic monomers have a unique advantage in that they easily combine with a variety of chemicals to form high-performance coatings, adhesives, and resins. Their popularity is due to their superior physical and chemical properties, including excellent toughness, transparency, and excellent resistance to weathering and aging.
Growth Drivers
Challenges
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Base Year |
2023 |
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Historical Data |
2012-2022 |
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Forecast Year |
2024-2036 |
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CAGR |
5.8% |
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Base Year Market Size (2023) |
USD 8.25 Billion |
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Forecast Year Market Size (2036) |
USD 17.17 Billion |
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Regional Scope |
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Functionality Type (Monofunctional Acrylate Monomer, Bifunctional Acrylate Monomer, Trifunctional Acrylate Monomer, Multifunctional Acrylate Monomer)
The monofunctional acrylate monomers market share is predicted to surpass 35% by the end of 2036. This growth can be attributed to its favorable properties for various applications such as low viscosity, resistance to hydrolysis, high glass transition temperature, thinner for thermosetting resins, Low vulcanization shrinkage and high Tg. Once cured, the monofunctional acrylate monomer has low shrinkage and high glass transition temperature. The secondary ester bond is resistant to hydrolysis. Monofunctional acrylates are recommended for use as reactive thinners in UV- or peroxide-cured resins, coatings or adhesives. It can also be used to enhance high-temperature stereolithography processes.
Application (Paint & Coatings, Plastics, Adhesives & Sealants, Fabrics)
In terms of application, the paints & coating segment share in the acrylate monomers market is estimated to cross 43% by the end of 2036. Paints are composed of a mixture of one or more methylacrylate derived products, that help the paint and coating to be applied effectively while being able to retain its durability and longevity. This prevents the surface from being exposed to sunlight, rainfall, and other factors that may lead to the the deformation of the layers. Many uses of methacrylate paints and coatings, such as markings on roads, are made use of their durability. Acrylic-based coatings and paints dry quickly, reducing construction downtime and increasing overall efficiency. Acrylate monomers can benefit the gloss and smoothness of the final coating, improve the appearance of the coated surface, and they can replace solvents in UV/EB curable formulations, providing has the unique advantage of being environmentally friendly, harmless, up to 100% solids, low VOC solutions. These are expected to boost the growth of this segment in the predicted period.
Our in-depth analysis of the global acrylate monomers market includes the following segments:
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Functionality Type |
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Application |
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End User Industry |
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Asia Pacific Market Forecasts
The Asia Pacific acrylate monomers market is poised to dominate 55% revenue share by 2036. This is mainly driven due to the growth of the printing ink, automobile, cosmetics and pharmaceutical industries. The increase in demand and production of packaging materials, electric vehicles, and paints and coatings has led to increased demand for POPs and POEs in the Asia Pacific region. This growth can also be attributed to the growing demand for automobiles and significant growth in the automobile industry in India and China. In the FY2023, the production volume of commercial vehicle was over USD 26 million units which a rise then the previous year.
Europe Market Statistics
The European acrylate monomers market is estimated to grow substantially by the end of 2036. Acrylic monomers are low molecular weight compounds with vinyl groups participating in the polymerization process. Their composition makes them suitable for use in a variety of products such as solvents, inks, adhesives, thermoplastics, paints, ceramic nails and soft contact lenses. Further, in dentistry, these monomers are used to make dental prostheses and a variety of dental fillings and enamel materials. Dentists use them to prepare cement to attach prostheses to bone. Europe provides a huge market for acrylates for the dental industry. Therefore, dental industry in Europe is set to accelerate the growth of acrylate monomers market in the forecast period.
Author Credits: Rajrani Baghel
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