Acrylate Monomers Market
By Type;
Butyl Acrylate, Ethyl Acrylate, Ethylhexyl Acrylate, and Methyl AcrylateBy Functionality;
Single Functionality Monomers and Multi-Functional MonomersBy Application;
Paints & Coatings, Plastics, Adhesives, Printing Inks, and OthersBy End User;
Building & Construction, Packaging, Consumer Goods, Automotive, Biomedicals, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Acrylate Monomers Market Overview
Acrylate Monomers Market (USD Million)
Acrylate Monomers Market was valued at USD 9,709.00 million in the year 2024. The size of this market is expected to increase to USD 14,217.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.
Acrylate Monomers Market
*Market size in USD million
CAGR 5.6 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.6 % |
Market Size (2024) | USD 9,709.00 Million |
Market Size (2031) | USD 14,217.46 Million |
Market Concentration | Medium |
Report Pages | 399 |
Major Players
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- SABIC (Saudi Basic Industries Corporation)
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- Huntsman Corporation
- Arkema Group
- INEOS Group
- Formosa Plastics Corporation
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Acrylate Monomers Market
Fragmented - Highly competitive market without dominant players
The Acrylate Monomers Market is expanding steadily as industries adopt these materials for adhesives, coatings, and sealants. Close to 40% of polymer-based products are manufactured using acrylate monomers due to their strong bonding properties and versatility. Their critical role in enhancing durability continues to drive widespread demand in the market.
Superior Functional Characteristics
Nearly 35% of advanced coating systems use acrylate monomers for their low volatility, quick-curing ability, and excellent resistance to environmental stress. These features improve surface performance and extend the lifespan of treated materials. Their wide use across industries highlights their growing relevance in performance materials.
Technological Advancements in Formulations
About 30% of recent innovations focus on sustainable acrylate monomer formulations, particularly waterborne and low-VOC solutions. Advances in resin development are improving environmental compatibility while maintaining high durability. These technological improvements are reinforcing the importance of acrylate monomers in the specialty chemicals sector.
Expanding Industrial Applications
Around 25% of modern manufacturing relies on acrylate monomers in adhesives, plastics, and specialty polymers. Their ability to provide strength, chemical resistance, and flexibility ensures their integration into diverse production processes. This growing application base demonstrates their indispensable role in industrial innovation.
Supportive Market Trends
Over 45% of strategic developments in material sciences now prioritize acrylate monomers as key components of sustainable and high-performance products. Their growing presence across industries underlines their central position in the evolving Acrylate Monomers Market.
Acrylate Monomers Market Recent Developments
-
May 2022: Evonik Industries AG extended a strategic distribution collaboration with Vimal Intertrade and Nordmann in India to produce its VISIOMER specialty methacrylate that will allow faster response and flexibility as support for new market trends.
-
August 2021: Dow announced an investment in Methyl acrylate production in the US Gulf Coast to improve reliability and access to raw materials. The new 50-kiloton nameplate capacity of methyl acrylate will be manufactured in St. Charles Operations in Louisiana, USA, enabling global growth with a focus on supplying North American demand.
Acrylate Monomers Market Segment Analysis
In this report, The Acrylate Monomers Market has been segmented by Type, Functionality, Application, End User and Geography.
Acrylate Monomers Market, Segmentation by Type
The Acrylate Monomers Market has been segmented by Type into Butyl Acrylate, Ethyl Acrylate, Ethylhexyl Acrylate and Methyl Acrylate.
Butyl Acrylate
The butyl acrylate segment dominates with nearly 40% share, driven by demand in paints, coatings, adhesives, and textiles. Growth is supported by the construction and automotive industries.
Ethyl Acrylate
The ethyl acrylate segment holds about 25% of the market, with wide applications in resins, adhesives, and water-based paints. Its cost-effectiveness and versatility enhance adoption across industries.
Ethylhexyl Acrylate
With around 20% share, the ethylhexyl acrylate segment is key in adhesives, sealants, and coatings. Its role in providing flexibility and durability drives demand in packaging and specialty coatings.
Methyl Acrylate
The methyl acrylate segment contributes nearly 15%, applied in coatings, textiles, and adhesives. Though smaller in share, it shows steady growth in niche industries.
Acrylate Monomers Market, Segmentation by Functionality
The Acrylate Monomers Market has been segmented by Functionality into Single Functionality Monomers and Multi-Functional Monomers
Single Functionality Monomers
The single functionality monomers segment holds about 60% of the market, with widespread use in adhesives, paints, coatings, and sealants. Their cost-effectiveness and ease of processing make them highly preferred.
Multi-Functional Monomers
The multi-functional monomers segment accounts for nearly 40%, gaining momentum due to crosslinking ability, durability, and chemical resistance. Rising demand in advanced coatings, electronics, and specialty applications supports its growth.
Acrylate Monomers Market, Segmentation by Application
The Acrylate Monomers Market has been segmented by Application into Paints & Coatings, Plastics, Adhesives, Printing Inks and Others.
Paints & Coatings
The paints & coatings segment dominates with nearly 40% of the market, driven by use in automotive, architectural, and industrial coatings. Superior adhesion, weather resistance, and durability make acrylate monomers highly valuable here.
Plastics
The plastics segment holds around 25%, with applications in packaging, construction, and consumer goods. Acrylate monomers enhance lightweight properties, flexibility, and transparency.
Adhesives
The adhesives segment contributes about 20%, supported by demand from construction, automotive, and electronics. Their bonding strength and chemical resistance ensure versatile applications.
Printing Inks
The printing inks segment accounts for nearly 10%, fueled by the packaging and labeling industries. Acrylate monomers provide print quality, flexibility, and smudge resistance.
Others
The others segment holds about 5%, covering applications in personal care, textiles, and specialty chemicals. Though smaller, it is steadily expanding through innovative formulations.
Acrylate Monomers Market, Segmentation by End User
The Acrylate Monomers Market has been segmented by End User into Building & Construction, Packaging, Consumer Goods, Automotive, Biomedicals and Others.
Building & Construction
The building & construction segment holds nearly 35% of the market, driven by applications in paints, adhesives, and sealants. Its demand is supported by durability, weather resistance, and flexibility.
Packaging
The packaging segment contributes about 25%, fueled by growth in food packaging, beverage packaging, and e-commerce. Acrylate monomers provide lightweight, durable, and transparent solutions.
Consumer Goods
The consumer goods sector accounts for nearly 15%, including personal care, electronics, and household products. Acrylate monomers improve product aesthetics, strength, and performance.
Automotive
The automotive segment represents about 12%, utilizing acrylate monomers in coatings, adhesives, and lightweight plastics. Benefits include scratch resistance, durability, and efficiency.
Biomedicals
The biomedicals segment holds nearly 8%, with use in medical adhesives, biomedical coatings, and drug delivery systems. Their biocompatibility makes them vital for healthcare applications.
Others
The others segment accounts for around 5%, covering textiles, industrial uses, and specialty chemicals. Growth in this category is supported by customized innovations.
Acrylate Monomers Market, Segmentation by Geography
In this report, The Acrylate Monomers Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Acrylate Monomers Market Share (%), by Geographical Region
North America
The North American acrylate monomers market captures nearly 30% of the global share, led by the U.S.. Growth is fueled by applications in construction materials, adhesives, and automotive coatings.
Europe
Europe holds around 25% of the market, supported by strict eco-friendly regulations encouraging low-VOC acrylate solutions. Demand is strong across automotive, packaging, and consumer goods.
Asia Pacific
The Asia Pacific region leads with about 35% share, driven by industrialization, urbanization, and large-scale infrastructure projects. Countries like China and India are key demand centers.
Middle East & Africa
Middle East & Africa contributes nearly 5%, with adoption focused on oilfield chemicals, paints, and construction materials. Rising infrastructure investments are boosting demand.
Latin America
Latin America accounts for around 5%, with Brazil and Mexico leading growth. Demand from packaging, automotive, and consumer goods is driving market expansion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylate Monomers Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Industrial Growth
- Innovation in Coatings
-
Demand for High-Performance Materials - The demand for high-performance materials is a significant driver in the Global Acrylate Monomers Market, reflecting the need for advanced solutions across various industries. High-performance materials, characterized by their superior durability, strength, and functionality, are increasingly sought after in sectors such as automotive, aerospace, and construction. Acrylate monomers are crucial in formulating polymers and resins that meet these demanding specifications, offering enhanced properties like impact resistance, weatherability, and flexibility. This growing need for high-performance materials is stimulating innovation and driving the expansion of acrylate monomers' applications.
In the automotive industry, for instance, there is a continuous push for lightweight, durable, and aesthetically appealing components. Acrylate monomers contribute to the development of advanced coatings and composites that improve vehicle performance and longevity. The aerospace sector similarly demands high-performance materials for components that must withstand extreme conditions while maintaining structural integrity. Acrylate-based solutions help meet these stringent requirements, leading to increased adoption of acrylate monomers in the production of high-performance parts and coatings.
The construction industry also drives demand for high-performance materials due to the need for resilient and long-lasting building materials. Acrylate monomers are employed in the formulation of paints, coatings, and sealants that offer superior protection against environmental factors such as moisture and UV radiation. As infrastructure projects expand globally, the requirement for high-performance materials continues to rise, further fueling the growth of the acrylate monomers market. This trend underscores the crucial role of acrylate monomers in meeting the evolving demands of various high-performance applications.
Restraints:
- Volatile Raw Material Prices
- Environmental Regulations
-
Market Saturation - Market saturation represents a significant challenge in the Global Acrylate Monomers Market, particularly as the industry matures and competition intensifies. As the market becomes increasingly crowded with established players and new entrants, growth opportunities can become more limited. Saturation often leads to price competition, which can erode profit margins and create pressures to differentiate through innovation or cost efficiency. Companies must navigate these competitive pressures while striving to maintain or enhance their market share.
In addition, market saturation can lead to slower growth rates as the demand for acrylate monomers stabilizes and reaches equilibrium in established regions. For example, mature markets in North America and Europe may experience slower growth compared to emerging markets. Companies operating in these saturated environments must focus on product differentiation, technological advancements, and enhanced customer service to sustain their competitive edge and address market challenges effectively.
To mitigate the effects of market saturation, companies are exploring new applications and regions to tap into untapped potential. Emerging economies, particularly in Asia Pacific and Latin America, present growth opportunities as industrialization and infrastructure development continue to expand. By diversifying their product offerings and entering new geographic markets, companies can counterbalance the effects of saturation in mature markets and drive sustained growth in the acrylate monomers sector.
Opportunities:
- Eco-Friendly Products
- Emerging Economies
-
Technological Advancements - Technological advancements play a crucial role in shaping the Global Acrylate Monomers Market by enhancing the efficiency and capabilities of production processes. Innovations in polymerization techniques and reaction engineering have led to the development of more efficient and cost-effective methods for synthesizing acrylate monomers. These advancements contribute to higher yields, reduced energy consumption, and lower production costs, which can improve the overall profitability for manufacturers and create more competitive market conditions.
In addition to production efficiency, technological advancements are driving the development of new and improved acrylate monomers with tailored properties. For instance, advancements in polymer chemistry have enabled the creation of acrylate monomers with enhanced performance characteristics such as increased UV resistance, superior adhesion, and better mechanical strength. These innovations are crucial for meeting the evolving demands of various industries, including automotive, aerospace, and construction, where high-performance materials are essential.
The integration of digital technologies and automation is also transforming the acrylate monomers market. The use of advanced data analytics, machine learning, and process automation in manufacturing facilities enhances process control, quality assurance, and operational efficiency. By leveraging these technologies, companies can streamline production, reduce errors, and accelerate the development of new acrylate-based products. This focus on technological advancement not only supports market growth but also drives innovation and maintains competitive advantage in an increasingly dynamic industry.
Competitive Landscape Analysis
Key players in Global Acrylate Monomers Market include:
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- SABIC (Saudi Basic Industries Corporation)
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- Huntsman Corporation
- Arkema Group
- INEOS Group
- Formosa Plastics Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Functionality
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Acrylate Monomers Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Industrial Growth
- Innovation in Coatings
- Demand for High-Performance Materials
- Restraints
- Volatile Raw Material Prices
- Environmental Regulations
- Market Saturation
- Opportunities
- Eco-Friendly Products
- Emerging Economies
- Technological Advancements
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Acrylate Monomers Market, By Type, 2021 - 2031 (USD Million)
- Butyl Acrylate
- Ethyl Acrylate
- Ethylhexyl Acrylate
- Methyl Acrylate
-
Acrylate Monomers Market, By Functionality, 2021 - 2031 (USD Million)
-
Single Functionality Monomers
-
Multi-Functional Monomers
-
- Acrylate Monomers Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Plastics
- Adhesives
- Printing Inks
- Others
- Acrylate Monomers Market, By End User, 2021 - 2031 (USD Million)
- Building & Construction
- Packaging
- Consumer Goods
- Automotive
- Biomedicals
- Others
- Acrylate Monomers Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Acrylate Monomers Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- SABIC (Saudi Basic Industries Corporation)
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- Huntsman Corporation
- Arkema Group
- INEOS Group
- Formosa Plastics Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market