Global Acrylic Monomers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Acrylamide & Meth Acrylamide, Acrylate, Acrylic Acids & Salts, Acrylonitrile and Bisphenol Acrylics, and Methacrylate.By Application;
Paints & Coatings, Adhesives & Sealants, Plastics, Printing Inks, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Acrylic Monomers Market (USD Million), 2021 - 2031
In the year 2024, the Global Acrylic Monomers Market was valued at USD 16,891.26 million. The size of this market is expected to increase to USD 24,734.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.
The global acrylic monomers market plays a crucial role in the chemical industry, driving the production of various essential polymers and resins. Acrylic monomers are organic compounds that serve as building blocks for acrylic polymers, which are widely used in paints, coatings, adhesives, textiles, and various industrial applications. These monomers are prized for their versatility, durability, and aesthetic properties, making them a key component in the manufacturing of both consumer and industrial products.
Over the past decade, the acrylic monomers market has experienced substantial growth, driven by increasing demand across diverse sectors such as automotive, construction, and consumer goods. The rise in infrastructure development, coupled with growing consumer preferences for high-performance coatings and adhesives, has significantly boosted the consumption of acrylic monomers. Additionally, the automotive industry's shift towards more durable and flexible materials has further amplified the demand for these monomers.
Geographically, the market is segmented into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific, in particular, has emerged as a dominant region due to rapid industrialization, urbanization, and a burgeoning middle-class population. Countries like China and India are witnessing significant growth in construction and automotive sectors, thereby driving the demand for acrylic monomers.
The acrylic monomers market is also undergoing notable advancements with the development of eco-friendly and sustainable production processes. The industry is increasingly focusing on reducing the environmental impact of acrylic monomer production through innovations in green chemistry and the use of renewable raw materials. This shift towards sustainability is expected to shape the future of the market, aligning with global environmental goals and responding to increasing regulatory pressures.
Global Acrylic Monomers Market Recent Developments
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In May 2023, Nippon Shokubai inaugurated a new state,of,the,art acrylic acid production facility in Cilegon, Indonesia, with a production capacity of 100,000 MT/year. This expansion strengthens its market position and capacity in the acrylic monomers segment
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In April 2023, Evonik Industries received DIN CERTCO certification for its VISIOMER Terra bio,based methacrylate monomers, confirming up to 85% bio,content. This move aligns with sustainability and climate mitigation goals, marking a step towards greener chemical solutions
Segment Analysis
The global acrylic monomers market is diverse and expanding, primarily driven by the growing demand in the construction and automotive industries. Acrylic monomers, such as methyl methacrylate (MMA), ethyl acrylate, and butyl acrylate, are critical raw materials for producing acrylic polymers used in paints, coatings, adhesives, and sealants. The construction sector, in particular, has a significant demand for these monomers due to their application in durable and weather-resistant coatings, which enhances the longevity and aesthetic appeal of buildings and infrastructure.
Regionally, the Asia-Pacific region dominates the global acrylic monomers market due to rapid industrialization and urbanization. Countries like China and India are key contributors, with their expansive construction and automotive sectors driving the demand for acrylic-based products. The growth in the region is also fueled by increasing investment in infrastructure development and rising consumer spending on automotive and home improvement products.
In terms of application, the paints and coatings segment holds a substantial share of the market. Acrylic monomers are integral in producing high-performance coatings that offer superior resistance to weather, UV light, and chemicals. This has led to their extensive use in architectural coatings, automotive paints, and industrial coatings, which require high durability and aesthetic quality. The automotive industry’s increasing focus on advanced coatings to enhance vehicle appearance and protection is further boosting this segment.
The market dynamics are also influenced by environmental regulations and the push towards sustainable products. There is a growing trend towards developing eco-friendly acrylic monomers with reduced volatile organic compound (VOC) emissions. This shift is driven by stringent environmental regulations and increasing consumer preference for green products. Innovations in monomer production technologies and the adoption of renewable feedstocks are expected to play a crucial role in shaping the future growth of the global acrylic monomers market.
Global Acrylic Monomers Segment Analysis
In this report, the Global Acrylic Monomers Market has been segmented by Type, Application and Geography.
Global Acrylic Monomers Market, Segmentation by Type
The Global Acrylic Monomers Market has been segmented by Type into Acrylamide & Meth Acrylamide, Acrylate, Acrylic Acids & Salts, Acrylonitrile and Bisphenol Acrylics and Methacrylate.
This is one of the most widely used acrylic monomers, primarily utilized in the production of polymethyl methacrylate (PMMA) resins. MMA is known for its clarity, weather resistance, and strength, making it ideal for applications in automotive coatings, optical lenses, and various other high-performance materials. The demand for MMA is driven by its versatile applications across several industries, including automotive, electronics, and construction.
This monomer is used to produce butyl acrylate polymers, which are known for their flexibility and adhesion properties. BA is commonly used in the production of adhesives, paints, and coatings, where its high tack and low glass transition temperature make it an essential component. The growth of the construction and automotive industries, where BA-based products are extensively used, contributes to the demand for this monomer.
EA is utilized in the manufacture of various copolymers and terpolymers. It is known for its low viscosity and ability to form tough, flexible films, making it suitable for use in adhesives, coatings, and textile treatments. The rising demand for high-performance coatings and adhesives in the construction and automotive sectors is driving the growth of the EA segment.
This category includes less common monomers such as hydroxyethyl acrylate (HEA) and acrylamide. These are used in specialized applications where specific properties such as enhanced chemical resistance or high reactivity are required. For instance, HEA is often used in the production of hydrogels and as a cross-linking agent in various polymer formulations. The growth in niche markets and the need for specialized materials contribute to the demand for these monomers.
Global Acrylic Monomers Market, Segmentation by Application
The Global Acrylic Monomers Market has been segmented by Application into Paints & Coatings, Adhesives & Sealants, Plastics, Printing Inks and Others.
Acrylic monomers are widely used in the paints and coatings industry due to their excellent adhesion, durability, and resistance to weathering. They are used in a variety of applications, including architectural paints, automotive coatings, and industrial coatings. The demand in this segment is driven by the need for high-performance coatings that offer aesthetic appeal and protection against environmental factors.
In the adhesives and sealants sector, acrylic monomers are valued for their strong bonding properties and flexibility. They are used in a range of products from construction adhesives to pressure-sensitive tapes. The growth in this segment is fueled by the increasing need for durable and versatile bonding solutions in industries such as automotive, construction, and consumer goods.
Acrylic monomers are also used in the textile industry to produce fibers and fabrics with desirable properties such as softness, durability, and resistance to wrinkles and fading. This segment includes applications in both apparel and industrial textiles. The expansion in this market is supported by rising consumer demand for high-quality, functional textiles and innovations in fabric technology.
This includes uses in products such as medical devices, plastics, and water treatment chemicals. In medical applications, acrylic monomers are used in the manufacture of contact lenses and dental materials. The segment’s growth is driven by advancements in technology and increasing investment in research and development to create new applications for acrylic monomers.
Global Acrylic Monomers Market, Segmentation by Geography
In this report, the Global Acrylic Monomers Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Acrylic Monomers Market Share (%), by Geographical Region, 2024
The North American market for acrylic monomers is primarily driven by the robust presence of end-use industries such as automotive, construction, and packaging. The United States, as a major industrial hub, contributes significantly to demand due to its advanced infrastructure and high consumption of acrylic-based products. Additionally, technological advancements and a focus on innovative applications in coatings, adhesives, and textiles bolster market growth in this region.
Europe’s acrylic monomers market benefits from the region’s strong emphasis on sustainability and environmental regulations. Countries such as Germany, France, and the United Kingdom are prominent players, with significant demand stemming from the automotive and construction sectors. The region’s focus on reducing emissions and improving energy efficiency fuels the development of eco-friendly acrylic solutions, contributing to market expansion.
Asia-Pacific is the largest and fastest-growing market for acrylic monomers, driven by rapid industrialization and urbanization. Key countries such as China, India, and Japan are major consumers due to their expanding manufacturing sectors and increasing infrastructure projects. The region’s booming automotive and construction industries, coupled with a growing demand for consumer goods and electronics, significantly boost the consumption of acrylic monomers.
In Latin America, Brazil and Mexico are the leading markets for acrylic monomers, driven by their growing industrial base and infrastructure development. Similarly, the Middle East & Africa region, with its emerging economies and increasing industrial activities, shows promising growth. Investments in construction and automotive sectors are expected to drive the demand for acrylic monomers in these regions, despite facing challenges such as economic fluctuations and political instability.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylic Monomers Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Demand in Coatings
- Growth in Construction Sector
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Advancements in Polymer Technology - The global acrylic monomers market is experiencing significant advancements due to ongoing innovations in polymer technology. Acrylic monomers, crucial for producing a variety of polymers and copolymers, are increasingly being refined to enhance their performance characteristics. This evolution in polymer technology is driven by the demand for more efficient, sustainable, and high-performance materials in various industries, including automotive, construction, and consumer goods.
Recent advancements in polymer technology have led to the development of new acrylic monomers with improved properties. These advancements include enhanced thermal stability, increased chemical resistance, and better adhesion qualities. Such improvements make these monomers suitable for more demanding applications, such as high-performance coatings and advanced composite materials. The increased focus on developing monomers with specific functional properties is helping to meet the growing requirements for specialized and high-tech applications.
Restraints:
- Volatile Raw Material Prices
- Environmental Regulations
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High Production Costs - The global acrylic monomers market faces significant challenges related to high production costs, which have been a persistent issue for manufacturers. Acrylic monomers, essential for producing various polymers and resins used in coatings, adhesives, and plastics, require raw materials and complex chemical processes. The cost of key feedstocks, such as propylene and methanol, has been volatile, impacting overall production expenses. Fluctuations in these raw material prices can lead to unpredictable production costs, straining profit margins and affecting market stability.
Energy consumption is another critical factor driving up production costs in the acrylic monomers market. The manufacturing process for acrylic monomers involves high-energy requirements, including heat and electricity, which contribute significantly to operational expenses. Energy price volatility and the increasing push for energy efficiency and sustainability add another layer of complexity. Companies are pressured to adopt more energy-efficient technologies and practices, which, while potentially reducing long-term costs, require substantial upfront investment.
Opportunities:
- Expansion in Emerging Markets
- Innovations in Application Techniques
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Development of Sustainable Products - One of the key areas of development is the adoption of green chemistry principles in the production of acrylic monomers. This involves using renewable feedstocks and reducing hazardous by-products. For instance, researchers are exploring bio-based acrylic monomers derived from natural sources such as plant oils and sugars. These alternatives not only lower the reliance on petrochemical sources but also offer a reduced carbon footprint. Additionally, advancements in catalysis and polymerization techniques are enhancing the efficiency of these processes, making them more environmentally friendly.
The concept of a circular economy is gaining traction in the acrylic monomers market. This approach emphasizes the recycling and reusing of materials to minimize waste. Companies are investing in technologies that allow for the chemical recycling of acrylic polymers, which can be broken down and repurposed into new monomers. This not only reduces waste but also decreases the demand for virgin raw materials. Implementing closed-loop systems in manufacturing processes is also a significant step toward sustainability, as it minimizes the environmental impact of acrylic monomer production.
Competitive Landscape Analysis
Key players in Global Acrylic Monomers Market include:
- BASF SE
- The Dow Chemical Company
- Mitsubishi Chemical Holdings Corporation
- Hitachi Chemical Co
- New Japan Chemical Co., Ltd
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 Application
- Market Snapshot, By Region
- Global Acrylic Monomers Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand in Coatings
- Growth in Construction Sector
- Advancements in Polymer Technology
- Restraints
- Volatile Raw Material Prices
- Environmental Regulations
- High Production Costs
- Opportunities
- Expansion in Emerging Markets
- Innovations in Application Techniques
- Development of Sustainable Products
- 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
- Global Acrylic Monomers Market, By Type, 2021 - 2031 (USD Million)
- Acrylamide & Meth Acrylamide
- Acrylate
- Acrylic Acids & Salts
- Acrylonitrile
- Bisphenol Acrylics and Methacrylate
- Global Acrylic Monomers Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Adhesives & Sealants
- Plastics
- Printing Inks
- Others
- Global Acrylic 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
- Global Acrylic Monomers Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- The Dow Chemical Company
- Mitsubishi Chemical Holdings Corporation
- Hitachi Chemical Co
- New Japan Chemical Co., Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market