Acrylate Monomers Market Size & Share, by Functionality Type (Monofunctional Acrylate Monomer, Bifunctional Acrylate Monomer, Trifunctional Acrylate Monomer, Multifunctional Acrylate Monomer); Application (Paint & Coatings, Plastics, Adhesives & Sealants, Fabrics); End User Industry (Building & Construction, Packaging, Consumer Goods, Automotive, Biomedicals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3790
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Global Acrylate Monomer Market TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Analysis of Market Dynamics
    1. Market Drivers
    2. Market Trends
  7. Key Market Opportunities for Business Growth
  8. Major Roadblocks for the Market Growth
  9. Government Regulation
  10. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  11. Government Regulation
  12. Manufacturing Technology Transition and Adoption Analysis
  13. Industry Risk Analysis
    1. Demand risk analysis
    2. Supply risk analysis
  14. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Acrylate Monomer Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  15.  Impact of recession Over Global Economy
  16. Porter’s Five Forces Analysis
  17. PESTEL Analysis
  18. SWOT Analysis of Global Acrylate Monomer Market
  19. Recent Trends/Development Across Global Acrylate Monomer Market
  20. Industry Growth Outlook w.r.t. Functionality Type
  21. Industry Pricing Analysis
    1. Competitive Positioning: Strategies to Differentiate a Company From its Competitor
  22. Value Chain Analysis
  23. EXIM Analysis of Acrylate Monomer
  24. Regional Analysis
  25. Competitive Model: A Detailed Inside View for Investors
    1. Company Market Share (2022)
    2. Competitive Benchmarking
      1. Arkema
        1. Detailed Overview
        2. Assessment of key offerings
        3. Analysis of growth strategies
        4. Exhaustive analysis on key financial indicators
        5. Recent developments and strategies
      2. BASF
      3. DOW
      4. Evonik
      5. Merck KGaA
      6. Synthomer plc
      7. Mitsubishi Chemical Group Corporation
      8. Nippon Shokubai
      9. Guang Dong Huiquan Lianjum
      10. Alfa Chemistry
      11. Sinocure Chemical Group Co., Limited
      12. Miwon Specialty Chemical
      13. LG Chem
      14. Other Major Players
  26. Global Acrylate Monomer Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Global Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        2. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
        4. Others, 2012-2035F (USD Million & Thousand Tons)
      2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
    4. By Application
      1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
      2. Plastics, 2012-2035F (USD Million & Thousand Tons)
      3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
      4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
    5. By End User Industry
      1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
      2. Packaging, 2012-2035F (USD Million & Thousand Tons)
      3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
      4. Automotive, 2012-2035F (USD Million & Thousand Tons)
      5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
      6. Others, 2012-2035F (USD Million & Thousand Tons)
    6. Cross Analysis of Functionality Type w.r.t. Application (USD Million), 2022
  27. Global Acrylate Monomer Market, By Region
    1. North America, 2012-2035F (USD Million & Thousand Tons)
    2. Europe, 2012-2035F (USD Million & Thousand Tons)
    3. Asia Pacific, 2012-2035F (USD Million & Thousand Tons)
    4. Latin America, 2012-2035F (USD Million & Thousand Tons)
    5. Middle East and Africa, 2012-2035F (USD Million & Thousand Tons)
  28. North America Acrylate Monomer Market Outlook
    1. Major Acrylate Monomer Manufacturers in the Region
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. North America Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
      2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
    4. By Application
      1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
      2. Plastics, 2012-2035F (USD Million & Thousand Tons)
      3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
      4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
    5. By End User Industry
      1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
      2. Packaging, 2012-2035F (USD Million & Thousand Tons)
      3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
      4. Automotive, 2012-2035F (USD Million & Thousand Tons)
      5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
      6. Others, 2012-2035F (USD Million & Thousand Tons)
    6. North America Acrylate Monomer Market, By Country
      1. US, 2012-2035F (USD Million & Thousand Tons)
      2. Canada, 2012-2035F (USD Million & Thousand Tons)
  29. Europe Acrylate Monomer Market Outlook
    1. Major Acrylate Monomer Manufacturers in the Region
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Europe Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
      2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
    4. By Application
      1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
      2. Plastics, 2012-2035F (USD Million & Thousand Tons)
      3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
      4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
    5. By End User Industry
      1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
      2. Packaging, 2012-2035F (USD Million & Thousand Tons)
      3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
      4. Automotive, 2012-2035F (USD Million & Thousand Tons)
      5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
      6. Others, 2012-2035F (USD Million & Thousand Tons)
    6. Europe Acrylate Monomer Market, By Country
      1. UK, 2012-2035F (USD Million & Thousand Tons)
      2. Germany, 2012-2035F (USD Million & Thousand Tons)
      3. France, 2012-2035F (USD Million & Thousand Tons)
      4. Italy, 2012-2035F (USD Million & Thousand Tons)
      5. Spain, 2012-2035F (USD Million & Thousand Tons)
      6. Russia, 2012-2035F (USD Million & Thousand Tons)
      7. NORDIC, 2012-2035F (USD Million & Thousand Tons)
      8. Rest of Europe, 2012-2035F (USD Million & Thousand Tons)
  30. Asia Pacific Acrylate Monomer Market Outlook
    1. Major Acrylate Monomer Manufacturers in the Region
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        2. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
        4. Others, 2012-2035F (USD Million & Thousand Tons)
      2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons
      3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
        1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
        2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
        3. Others, 2012-2035F (USD Million & Thousand Tons)
    4. By Application
      1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
      2. Plastics, 2012-2035F (USD Million & Thousand Tons)
      3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
      4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
    5. By End User Industry
      1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
      2. Packaging, 2012-2035F (USD Million & Thousand Tons)
      3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
      4. Automotive, 2012-2035F (USD Million & Thousand Tons)
      5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
      6. Others, 2012-2035F (USD Million & Thousand Tons)
    6. Asia Pacific Acrylate Monomer Market, By Country
      1. China, 2012-2035F (USD Million & Thousand Tons)
      2. India, 2012-2035F (USD Million & Thousand Tons)
      3. Japan, 2012-2035F (USD Million & Thousand Tons)
      4. Indonesia, 2012-2035F (USD Million & Thousand Tons)
      5. Malaysia, 2012-2035F (USD Million & Thousand Tons)
      6. Australia, 2012-2035F (USD Million & Thousand Tons)
      7. Vietnam, 2012-2035F (USD Million & Thousand Tons)
      8. South Korea, 2012-2035F (USD Million & Thousand Tons)
      9. Thailand, 2012-2035F (USD Million & Thousand Tons)
      10. Rest of Asia Pacific, 2012-2035F (USD Million & Thousand Tons)
  1. Latin America Acrylate Monomer Market Outlook
    1. Major Acrylate Monomer Manufacturers in the Region
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Latin America Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
      2. By Application
        1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
        2. Plastics, 2012-2035F (USD Million & Thousand Tons)
        3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
        4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
      3. By End User Industry
        1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
        2. Packaging, 2012-2035F (USD Million & Thousand Tons)
        3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
        4. Automotive, 2012-2035F (USD Million & Thousand Tons)
        5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
        6. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Latin America Acrylate Monomer Market, By Country
        1. Brazil, 2012-2035F (USD Million & Thousand Tons)
        2. Argentina, 2012-2035F (USD Million & Thousand Tons)
        3. Mexico, 2012-2035F (USD Million & Thousand Tons)
        4. Rest of Latin America, 2012-2035F (USD Million & Thousand Tons)
  2. Middle East & Africa Acrylate Monomer Market Outlook
    1. Major Acrylate Monomer Manufacturers in the Region
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa Acrylate Monomer Market Segmentation Analysis (2012-2035)
      1. By Functionality Type
        1. Monofunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Butyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Methyl Acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        2. Bifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Tricyclodecanedimethanol diacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. 2-Ethylhexyl acrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        3. Trifunctional Acrylate Monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Trimethylolpropane ethoxide triacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Trioxytrimethylolpropane triacrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
        4. Multifunctional acrylate monomer, 2012-2035F (USD Million & Thousand Tons)
          1. Dipentaerythritol hexaacrylate, 2012-2035F (USD Million & Thousand Tons)
          2. Pentaerythritol tetraacrylate, 2012-2035F (USD Million & Thousand Tons)
          3. Others, 2012-2035F (USD Million & Thousand Tons)
      2. By Application
        1. Paints & Coatings, 2012-2035F (USD Million & Thousand Tons)
        2. Plastics, 2012-2035F (USD Million & Thousand Tons)
        3. Adhesive & Sealants, 2012-2035F (USD Million & Thousand Tons)
        4. Fabrics, 2012-2035F (USD Million & Thousand Tons)
      3. By End User Industry
        1. Building & Construction, 2012-2035F (USD Million & Thousand Tons)
        2. Packaging, 2012-2035F (USD Million & Thousand Tons)
        3. Consumer Goods, 2012-2035F (USD Million & Thousand Tons)
        4. Automotive, 2012-2035F (USD Million & Thousand Tons)
        5. Biomedical, 2012-2035F (USD Million & Thousand Tons)
        6. Others, 2012-2035F (USD Million & Thousand Tons)
      4. Middle East & Africa Acrylate Monomer Market, By Country
        1. GCC, 2012-2035F (USD Million & Thousand Tons)
        2. Israel, 2012-2035F (USD Million & Thousand Tons)
        3. South Africa, 2012-2035F (USD Million & Thousand Tons)
        4. Rest of Middle East & Africa, 2012-2035F (USD Million & Thousand Tons)

 

 

 

 

 

 

 

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Acrylate Monomers Market size is anticipated to cross USD 15.31 billion by the end of 2035, expanding around 5.8% CAGR during the forecast period i.e., 2023-2035. In the year 2023, the industry size of acrylate monomers was 7.8 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.


Acrylate Monomer Market
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Acrylate Monomers Market: Key Insights

Base Year

2023

Historical Data

2012-2022

Forecast Year

2023 – 2035

CAGR

5.8%

Base Year Market Size (2023)

USD 7.8 billion

Forecast Year Market Size (2035)

USD 15.31 billion

Regional Scope

  • North America (U.S., and Canada) 
  • Latin America (Mexico, Argentina, Rest of Latin America) 
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) 
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Acrylate Monomer Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for Water-based Adhesives in Textile Industry- n-Butyl acrylate (n-BA) and 2-ethylhexyl acrylate (2-EHA) are two of the most commonly used soft monomers for water-based acrylic PSAs. Water-based adhesives have a number of advantages that have led to their widespread use in the textile industry. The main advantage of water-based adhesives that makes them suitable for the textile industry is that they do not require heating (like hot melt adhesives), so they can be applied to more delicate fabrics such as lace and fabrics used in underwear. Additionally, they contain little or no solvent; therefore, they are often used in place of solvent-based adhesives where VOCs would be an issue. Depending on the formulation, water-based adhesives can have many beneficial properties that make them suitable for many applications. Hence, water-based adhesives, which have several uses, will contribute to the rise in the acrylate monomers market.
  • Accelerating Demand for Eco-friendly and Sustainable Products- The acrylic monomers market is expected to witness changes in the future due to the emergence of new technologies. These technologies, including green polymerization processes and the production of biocompatible monomers, are designed to improve the environmental sustainability of chemicals. The adoption and use of these technologies can help businesses align with sustainability goals and consumer preferences. Due to the pollution crisis the world is facing, regulations and technological solutions for plastic waste management need to be urgently developed. In this context, bioresource approaches involving microbial activity can be promising and environmentally friendly solutions. The importance of sustainability is felt by 78% of consumers globally, they prefer using products that are made of sustainable materials.

Challenges

  • Harmful Effects of Acrylate Monomer - Methyl methacrylate and tertiary amine are the two most important raw materials used in the production of acrylate monomers, both of which are hazardous to humans and the environment. When inhaled in significant amounts, isobutene has negative effects on the lungs. Some possible health risks are sensitizing effects that may occur after skin contact; Prolonged contact with skin may cause dermatitis. High concentrations of this product in the atmosphere may cause respiratory irritation. Isobutene is a highly flammable chemical and poses a serious fire hazard. These harmful effects are expected to hamper the acrylate monomers market expansion in the upcoming future.
  • Emergence of Substitutes – A number of alternative acrylate monomer are emerging such as ethylene, propylene, and styrene. These substitutes offer similar properties to acrylate monomer but at a lower cost. This putting pressure on the acrylate monomers market and could lead to a decline in demand in the future.
  • Strict Regulations Put the Government are Set to Pose Limitation on the Acrylate Monomers Market Growth in the Future Times.


Acrylate Monomer Segmentation

Functionality Type (Monofunctional Acrylate Monomer, Bifunctional Acrylate Monomer, Trifunctional Acrylate Monomer, Multifunctional Acrylate Monomer)

The monofunctional acrylate monomers market revenue is predicted to surpass USD 5.45 billion by the end of 2035. 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 in the acrylate monomers market is estimated to cross USD 6.63 billion by the end of 2035. 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: 

        Functionality Type

  • Monofunctional Acrylate Monomer
  •  Bifunctional Acrylate Monomer
  •  Trifunctional Acrylate Monomer
  • Multifunctional Acrylate Monomer

       Application

  • Paint & Coatings
  • Plastics
  • Adhesives & Sealants
  •  Fabrics

        End User Industry

  • Building & Construction
  •  Packaging
  •  Consumer Goods
  •  Automotive
  •  Biomedicals

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Enhanced Acrylate Monomer Industry - Regional Synopsis

Asia Pacific Market Forecasts

The Asia Pacific acrylate monomers market is predicted to witness a revenue of USD 8.41 billion by the end of 2035. 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 and register a revenue of USD 3.85 billion by the end of 2035. 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.

Research Nester
Acrylate Monomer Market Size
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Companies Dominating the Acrylate Monomer Market

top-features-companies
    • Arkema
      • Company Overview 
      • Business Strategy 
      • Key Product Offerings 
      • Financial Performance 
      • Key Performance Indicators 
      • Risk Analysis 
      • Recent Development 
      • Regional Presence 
      • SWOT Analysis 
    • BASF SE
    • DOW Inc.
    • Evonik Industries AG
    • Merck KGaA
    • Synthomer plc
    • Mitsubishi Chemical Group Corporation
    • Nippon Shokubai Co Ltd.
    • Guang Dong Huiquan Lianjun Chemical Industries Co Ltd.
    • Alfa Chemistry
    • Sinocure Chemical Group Co., Limited

In-the-news

In The News

  • In February 2022, Mitsubishi Chemicals Corporation announced its decision to transfer all shares of Lucite International Japan Co., Ltd., specializing in the production of acrylic composite materials, to Midorikawa Chemical Industry Co., Ltd. is part of portfolio reform based on Mitsubishi Chemical Corporation's management policy.
  • In May 2023, Evonik announced that it has chosen a new distribution structure for its VISIOMER specialty methacrylates to meet the growing demand of the Indian market and has therefore developed a partnership strategic partnership with leading chemical distribution organizations Vimal Intertrade and Nordmann. With this agreement, Evonik aims to strengthen its position as a leading supplier of specialty methacrylate solutions and, together with its distribution partners, ensure personalized and efficient support. results for your customers.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3790
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are surge use of acrylate monomer in automotive sector, increasing demand for water based adhesives in textile sector and increasing demand for eco-friendly and sustainable products.

The market size of enhanced geothermal systems is anticipated to attain a CAGR of 5.8% over the forecast period, i.e., 2023-2035.

The major players in the market are Synthomer plc, Mitsubishi Chemical Group Corporation, Nippon Shokubai, Guang Dong Huiquan Lianjun, Alfa Chemistry, Sinocure Chemical Group Co., Limited., and others.

The paint & coating segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Acrylate Monomers Market Report Scope
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