Acrylic ester is used in water-based coating solutions in various applications, such as construction, textiles, adhesives, detergents and others. It has replaced solvent based paints and sealants. High thermal stability and oil resistance are key features of acrylic esters. Its non-toxic nature is responsible for growing adoption in various industries. It is used as building blocks for industrial polymers.
Demand for coating from construction industry and expansion of butyl acrylates in China are factors propelling the world acrylic ester market. However, slow recovery of the U.S. housing market and variation in raw material prices are hindering growth in the market. Demand for PPMA resins and commercial production of bio-based acrylic acid derivatives are expected to create better opportunities in the market.
The world acrylic ester market is segmented into type, application, and geography. Based on type, the market is further classified into methyl acrylate, ethyl acrylate, butyl acrylate, and 2-eh acrylate. Applications covered in the report are surface coatings, adhesives and sealants, plastic additives, detergents, and textiles. Geographically, the market is divided into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
The key manufacturers operating in the market are Arkema SA, BASF SE, LG Chem Ltd., Evonik Industries, Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals Inc., OJSC Sibur Holding, Nippon Shokubai Co. Ltd., Sasol Ltd., and The Dow Chemical Company. They have adopted various strategies, such as expansions, new product launches, mergers & acquisitions, partnerships, joint ventures, and others to strengthen their position in the market.
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