Global Acrylic Acids & Esters Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Derivative Type;
Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, Polyacrylic acid and Others.By Application;
Surface coatings, Adhesives & Sealants, Water treatment, Detergent, Plastic additives, Diaper and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Acrylic Acids & Esters Market (USD Million), 2021 - 2031
In the year 2024, the Global Acrylic Acids & Esters Market was valued at USD 11,023.07 million. The size of this market is expected to increase to USD 13,282.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.7%.
The global acrylic acids and esters market plays a crucial role in various industrial applications due to the versatile properties of acrylic-based compounds. Acrylic acids are essential building blocks for the production of superabsorbent polymers, coatings, adhesives, and various other applications. They offer excellent clarity, weather resistance, and adhesion properties, making them a preferred choice in the manufacturing of high-performance products. The market is driven by the growing demand from industries such as automotive, construction, and consumer goods, where acrylic acids and esters are used in a wide range of applications.
In recent years, the market has seen a surge in demand for acrylic esters, particularly butyl acrylate and ethyl acrylate, due to their increasing use in the production of paints, coatings, and adhesives. These esters are valued for their ability to enhance the flexibility, durability, and adhesion of finished products. Additionally, the rise in construction activities and infrastructure development worldwide has boosted the demand for high-performance coatings and sealants, further fueling the growth of the acrylic acids and esters market.
Technological advancements and innovations in production processes are also contributing to the market's expansion. Manufacturers are focusing on developing eco-friendly and sustainable acrylic acids and esters to meet the rising environmental regulations and consumer preferences for green products. These advancements are expected to improve the efficiency and reduce the environmental impact of acrylic acid production, leading to more cost-effective and sustainable solutions in the industry.
The market faces challenges such as fluctuating raw material prices and stringent regulatory requirements. The volatility in the prices of key raw materials like propylene and natural gas can affect the overall cost of production. Moreover, regulatory bodies are enforcing stricter guidelines related to the environmental impact of acrylic acid production and the use of certain chemicals. Despite these challenges, the global acrylic acids and esters market is anticipated to continue its growth trajectory, driven by innovation, increasing applications, and rising demand from various end-use industries.
Global Acrylic Acids & Esters Market Recent Developments
Segment Analysis
The global acrylic acids and esters market is diverse, driven by a range of applications in various industries. Acrylic acid, a key component, is primarily used in the production of superabsorbent polymers for diapers and other hygiene products. The growing demand for these products, fueled by rising birth rates and increasing awareness about personal hygiene, is boosting the acrylic acid market. Additionally, acrylic esters, such as butyl acrylate and ethyl acrylate, are extensively used in the production of paints, coatings, and adhesives. These segments are experiencing growth due to the rising demand for high-performance coatings and adhesives in construction and automotive industries.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific holds the largest share of the global acrylic acids and esters market due to its rapidly growing industrial and manufacturing sectors. Countries like China and India are major contributors, with significant investments in the construction, automotive, and consumer goods industries. This region is expected to continue dominating the market, driven by ongoing urbanization and industrialization.
The acrylic acids and esters market is also characterized by various production technologies and environmental regulations. Traditional production methods involve the use of petrochemical feedstocks, but there is a growing shift towards more sustainable practices, including the use of bio-based feedstocks. Additionally, stringent environmental regulations are pushing manufacturers to adopt greener production processes to minimize emissions and waste. This trend is likely to impact market dynamics, driving innovation and investment in more sustainable technologies.
In terms of market trends, the demand for acrylic acids and esters is influenced by the increasing emphasis on high-performance and durable materials. Innovations in polymer technology and the development of new applications are contributing to market growth. For instance, advancements in the automotive and construction sectors are leading to increased use of acrylic-based materials for improved performance and durability. Overall, the global acrylic acids and esters market is poised for growth, driven by diverse applications, regional dynamics, and technological advancements.
Global Acrylic Acids & Esters Segment Analysis
In this report, the Global Acrylic Acids & Esters Market has been segmented by Derivative Type, Application and Geography.
Global Acrylic Acids & Esters Market, Segmentation by Derivative Type
The Global Acrylic Acids & Esters Market has been segmented by Derivative Type into Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, Polyacrylic acid and Others.
Acrylic acid is a key derivative used in the production of superabsorbent polymers (SAPs), which are essential for hygiene products like diapers and adult incontinence products. Additionally, it is used in the manufacture of coatings, adhesives, and textiles. The demand for acrylic acid is closely tied to the growth in consumer goods and industrial applications, making it a significant segment in the acrylic acids and esters market.
This category includes butyl acrylate, ethyl acrylate, methyl acrylate, and other esters. Each ester has specific applications: for example, butyl acrylate is used in paints and coatings for its flexibility and adhesion properties, while methyl acrylate is utilized in the production of adhesives and polymers. The diverse applications of acrylic esters in industries like automotive, construction, and consumer goods highlight their importance in the market.
Acrylic resins, derived from acrylic acids and esters, are utilized in various high-performance applications, including coatings, adhesives, and composite materials. They offer benefits such as durability, clarity, and weather resistance. The segment's growth is driven by the demand for advanced materials in sectors like automotive, construction, and electronics.
This segment includes derivatives tailored for specific applications, such as those used in medical devices or high-end cosmetic formulations. Specialty acrylics often command higher prices due to their unique properties and specialized applications. The increasing emphasis on innovation and quality in sectors like healthcare and personal care is driving growth in this segment.
Global Acrylic Acids & Esters Market, Segmentation by Application
The Global Acrylic Acids & Esters Market has been segmented by Application into Surface coatings, Adhesives & Sealants, Water treatment, Detergent, Plastic additives, Diaper and Others.
Acrylic acids and esters are widely used in the adhesives industry due to their excellent bonding properties and versatility. They are employed in a variety of adhesive formulations, including pressure-sensitive adhesives (PSAs), which are used in products like tapes, labels, and stickers. The growing demand for high-performance adhesives in automotive, construction, and consumer goods sectors is driving significant growth in this segment.
In the paints and coatings sector, acrylic acids and esters are valued for their ability to provide durability, weather resistance, and aesthetic appeal. They are crucial components in architectural paints, industrial coatings, and automotive finishes. The increasing demand for high-quality, long-lasting coatings, coupled with the rise in infrastructure development and automotive production, is propelling the growth of this application segment.
Acrylic acids and esters are also utilized in the textile industry, particularly in the production of fibers and fabric treatments. They contribute to the development of fabrics with enhanced properties such as water resistance, softness, and durability. As the fashion and apparel industry continues to evolve, with a focus on performance fabrics and sustainable materials, the demand for acrylic-based textile treatments is expected to rise.
The plastics application segment benefits from the use of acrylic acids and esters in the production of various plastic products, including acrylonitrile butadiene styrene (ABS) and polymethyl methacrylate (PMMA). These materials are known for their strength, clarity, and resistance to impact and UV radiation. The growth in consumer electronics, automotive components, and construction materials is driving the demand for acrylic-based plastics, supporting the expansion of this market segment.
Global Acrylic Acids & Esters Market, Segmentation by Geography
In this report, the Global Acrylic Acids & Esters Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Acrylic Acids & Esters Market Share (%), by Geographical Region, 2024
The global acrylic acids and esters market has demonstrated robust growth in recent years, driven primarily by increased demand in various end-use industries. Acrylic acids, used extensively in the production of superabsorbent polymers, paints, and coatings, are pivotal in diverse industrial applications. Esters, such as butyl acrylate and ethyl acrylate, play a crucial role in producing adhesives, textiles, and automotive coatings, further fueling market expansion.
In the past year, the market has experienced shifts due to fluctuating raw material prices and supply chain disruptions. Key players in the industry have been actively investing in research and development to innovate and enhance production processes. These advancements are aimed at improving the efficiency and environmental sustainability of acrylic acid and ester production, addressing both cost challenges and regulatory pressures related to environmental impact.
Regional dynamics have also influenced the market landscape. Asia-Pacific remains a significant growth region, driven by the booming manufacturing and construction sectors in countries like China and India. The North American and European markets are characterized by a mature industry, with a focus on high-value applications and stringent environmental regulations shaping market trends.
Looking forward, the acrylic acids and esters market is expected to continue its upward trajectory, supported by growing demand in emerging applications and advancements in technology. Industry players will need to navigate evolving market conditions and regulatory environments to capitalize on new opportunities and maintain competitive advantage.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylic Acids & Esters Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
The global acrylic acids and esters market is experiencing notable growth driven by a range of factors. As industries increasingly prioritize lightweight, durable, and high-performance materials, acrylic acids and esters have become essential in applications such as adhesives, paints, and coatings. The demand for these products is particularly strong in the automotive and construction sectors, where they are used to improve the durability and appearance of end products. Innovations in acrylic technology are also leading to the development of advanced formulations that offer enhanced performance characteristics.
Regionally, Asia-Pacific holds a dominant position in the global acrylic acids and esters market due to its rapidly growing industrial base and expanding manufacturing sector. Countries like China and India are major contributors to this growth, fueled by increasing urbanization and infrastructure development. The region's burgeoning automotive and construction industries are significant consumers of acrylic-based products, further driving market expansion. Additionally, the presence of several key manufacturers and suppliers in the region supports the market's growth trajectory.
In North America and Europe, the market is characterized by a focus on sustainability and regulatory compliance. Both regions are seeing increased adoption of eco-friendly and low-VOC (volatile organic compound) acrylic products. These trends are in response to stringent environmental regulations and growing consumer demand for greener products. Innovations in acrylic acids and esters that reduce environmental impact are becoming a key differentiator for manufacturers in these markets, driving both growth and competitiveness.
The global acrylic acids and esters market is also witnessing increased investment in research and development. Companies are exploring new applications and improving existing formulations to meet evolving industry demands. This focus on R&D is expected to lead to the introduction of novel products with superior performance attributes, thereby enhancing market prospects. As the market continues to evolve, collaborations and strategic partnerships among key players are likely to play a crucial role in shaping its future dynamics.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising Demand in Adhesives
- Growth in Automotive Sector
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Expansion in Construction Industry - The global acrylic acids and esters market is experiencing notable expansion within the construction industry, driven by their versatile applications and performance benefits. Acrylic acids and esters, including butyl acrylate, ethyl acrylate, and methyl acrylate, are crucial components in the formulation of adhesives, sealants, paints, and coatings. These materials enhance the durability, flexibility, and weather resistance of construction products, making them essential for modern building and infrastructure projects. The increasing demand for high-performance construction materials is propelling the growth of this market segment.
In recent years, the construction industry has witnessed a shift towards sustainable and energy-efficient solutions. Acrylic acids and esters contribute to this trend by offering improved insulation properties and longevity. For instance, acrylic-based coatings are employed in thermal insulation systems and protective coatings that extend the lifespan of building materials. The demand for green building practices and energy-efficient solutions has further accelerated the adoption of acrylic-based products in the construction sector.
Restraints:
- Volatility in Raw Material Prices
- Environmental Regulations
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High Production Costs - The global acrylic acids and esters market is grappling with significant challenges related to high production costs. Acrylic acids and esters are crucial in various applications, including adhesives, paints, and coatings, but their production involves complex and energy-intensive processes. The high costs are primarily attributed to the substantial energy requirements for production, as well as the need for specialized equipment and raw materials. Additionally, fluctuations in the prices of key raw materials, such as propylene, further contribute to the volatility in production costs.
Another factor driving up production costs is the environmental and regulatory compliance required in the acrylic acids and esters industry. Companies must adhere to stringent environmental regulations aimed at minimizing emissions and waste, which often necessitates investing in advanced technologies and pollution control measures. These compliance costs add another layer of financial burden, further elevating overall production expenses.
Opportunities:
- Emerging Markets Growth
- Advancements in Production Technologies
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Innovative Applications in Coatings - The global acrylic acids and esters market is witnessing significant growth, driven by the expanding applications in the coatings industry. Acrylic acids and esters are key components in the formulation of coatings due to their superior properties, such as durability, flexibility, and resistance to weathering. These chemicals are extensively used in both architectural and industrial coatings, providing a strong foundation for innovation in this sector. The increasing demand for high-performance coatings in various industries, including automotive, construction, and marine, is fueling the growth of this market.
Innovative applications of acrylic acids and esters in coatings are transforming the industry. For instance, advancements in polymerization techniques have led to the development of novel acrylic copolymers with enhanced properties, such as improved adhesion, scratch resistance, and low-temperature flexibility. These innovations are enabling the creation of coatings that meet the stringent performance requirements of modern applications, including those in extreme environmental conditions.
Competitive Landscape Analysis
Key players in Global Acrylic Acids & Esters Market include:
- Arkema
- BASF
- LG Chem LTD.
- SunVic Chemical Holdings Limited
- Dow Chemical Company
- Myriant Corporation
- Momentive Specialty Chemicals
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 Derivative Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Acrylic Acids & Esters Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Demand in Adhesives
- Growth in Automotive Sector
- Expansion in Construction Industry
- Restraints
- Volatility in Raw Material Prices
- Environmental Regulations
- High Production Costs
- Opportunities
- Emerging Markets Growth
- Advancements in Production Technologies
- Innovative Applications in Coatings
- 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
- Compititive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Acrylic Acids & Esters Market, By Derivative Type, 2021 - 2031 (USD Million)
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- Polyacrylic acid
- Others
- Global Acrylic Acids & Esters Market, By Application, 2021 - 2031 (USD Million)
- Surface coatings
- Adhesives & Sealants
- Water treatment
- Detergent
- Plastic additives
- Diaper
- Others
- Global Acrylic Acids & Esters 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
- Global Acrylic Acids & Esters Market, By Derivative Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Arkema
- BASF
- LG Chem LTD.
- SunVic Chemical Holdings Limited
- Dow Chemical Company
- Myriant Corporation
- Momentive Specialty Chemicals
- Company Profiles
- Analyst Views
- Future Outlook of the Market