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Methyl Acrylate Market

Global Methyl Acrylate Market Trends, Analysis, Forecast: By Application: Surface Coatings, Chemical Synthesis, Adhesives and Sealants, Plastic Additives, Detergents, Textiles, Others; By End Use: Automobile, Packaging, Building and Construction, Personal Care and Cosmetic, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Methyl Acrylate Market Outlook

The global methyl acrylate market is estimated to grow at a CAGR of 4% between 2024 and 2032 to reach a value of USD 576.99 million by 2032.

 

Methyl Acrylate Market

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The Asia Pacific Presents Significant Growth Opportunities for the Methyl Acrylate Industry

Region-wise, the Asia Pacific region is expected to witness fast growth in the forecast period. Several factors, such as the rising disposable income, growing urbanisation, and enhancing living standards, are aiding the market growth in the region, especially in the developing economies, like India and China. Methyl acrylate is used in several industries, like furniture, automotive, metal, and paints and coatings, among others. Due to the rising demand for these products, along with the growing population, the market for methyl acrylate is expected to grow rapidly in the forecast period.

However, North America and Western Europe are anticipated to have moderate growth in the automotive sector. Latin America and Eastern Europe are estimated to witness significant growth over the forecast period owing to the rising automotive and paint industries. The Middle East and Africa region is also predicted to exhibit a high growth in the coming years as a result of the rising construction activities.

 

Methyl Acrylate Market by End Use

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Methyl Acrylate: Market Segmentation

Methyl acrylate refers to the colourless volatile liquid that has slight solubility in water, but in alcohols, ethers, and other organic solvents, it gets completely dissolved. It is used in the production of photopolymer and copolymer to cater to various industrial purposes like cleaning and waxing products, synthetic rubbers, and latexes, among others.

On the basis of application, the market is divided into:

  • Surface Coatings
  • Chemical Synthesis
  • Adhesives and Sealants
  • Plastic Additives
  • Detergents
  • Textiles
  • Others

Based on end use, the industry can be segmented into:

  • Automobile
  • Packaging
  • Building and Construction
  • Personal Care and Cosmetic
  • Others 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Methyl Acrylate Market by Region

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Rising Demand from Food Packaging and Plastic Industries to Aid the Global Methyl Acrylate Market Growth

The methyl acrylate industry is being driven by the rising demand from the food packaging and plastic industry, where it is used as an additive. The market is further aided by multiple factors, such as rising per capita incomes, changing lifestyles, and rapid urbanisation, especially in emerging economies, like India and China, among others. The rising demand for surface coating due to its extensive use in water-based coatings, such as lacquers and paints to offer low-temperature flexibility and UV and water resistance, is expected to augment the market growth of methyl acrylate. Further, the growing demand for chemicals for water treatment to maintain sustainability is expected to push the market growth in the forecast period.

 

Key Industry Players in the Global Methyl Acrylate Market

The report gives a detailed analysis of the following key players in the global methyl acrylate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arkema SA
  • LG Chem Ltd.
  • BASF SE
  • Shanghai Huayi Acrylic Acid Co., Ltd.
  • Nippon Shokubai Co., Ltd.
  • SIBUR International GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End Use
  • Region
Breakup by Application
  • Surface Coatings
  • Chemical Synthesis
  • Adhesives and Sealants
  • Plastic Additives
  • Detergents
  • Textiles
  • Others
Breakup by End Use
  • Automobile
  • Packaging
  • Building and Construction
  • Personal Care and Cosmetic
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arkema SA
  • LG Chem Ltd.
  • BASF SE
  • Shanghai Huayi Acrylic Acid Co., Ltd.
  • Nippon Shokubai Co., Ltd.
  • SIBUR International GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Methyl Acrylate Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Methyl Acrylate Historical Market (2018-2023) 
    8.3    Global Methyl Acrylate Market Forecast (2024-2032)
    8.4    Global Methyl Acrylate Market by Application
        8.4.1    Surface Coatings
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Chemical Synthesis
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Adhesives and Sealants
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Plastic Additives
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Detergents
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Textiles
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Methyl Acrylate Market by End Use
        8.5.1    Automobile
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Packaging
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Building and Construction
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Personal Care and Cosmetic
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Methyl Acrylate Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Methyl Acrylate Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Methyl Acrylate Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Methyl Acrylate Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Methyl  Acrylate Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Methyl Acrylate Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Arkema SA
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    LG Chem Ltd.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    BASF SE
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Shanghai Huayi Acrylic Acid Co., Ltd.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Nippon Shokubai Co., Ltd.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    SIBUR International GmbH
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Methyl Acrylate Market: Key Industry Highlights, 2018 and 2032
2.    Global Methyl Acrylate Historical Market: Breakup by Application (USD Billion), 2018-2023
3.    Global Methyl Acrylate Market Forecast: Breakup by Application (USD Billion), 2024-2032
4.    Global Methyl Acrylate Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Methyl Acrylate Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Methyl Acrylate Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Methyl Acrylate Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Methyl Acrylate Market Structure

Key Questions Answered in the Report

The global methyl acrylate market is projected to grow at a CAGR of 4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 576.99 million by 2032.

The major drivers of the market include the rising use of methyl acrylate in various end-use sectors, the robust growth of the automotive sector, and rapid urbanisation and industrialisation.

The rising demand for methyl acrylate in the packaging sector, the growing demand for surface coatings, and the increasing use of the chemical in water treatment are the key trends supporting the market development.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, and textiles, among others, are the major applications of methyl acrylate.

The various end uses of methyl acrylate include automobile, packaging, building and construction, and personal care and cosmetics, among others.

The major players in the market are Arkema SA, LG Chem Ltd., BASF SE, Shanghai Huayi Acrylic Acid Co., Ltd., Nippon Shokubai Co., Ltd., and SIBUR International GmbH, among others.

Analyst Review

The global methyl acrylate market is being driven by rising demand from the end-use industries. Aided by the growing regulations pertaining to water treatment, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4%. The market is projected to reach USD 576.99 million by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the industry is segmented into surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, and textiles, among others. By end use, the industry can be divided into automobile, packaging, building and construction, and personal care and cosmetic, among others. The major regional markets for methyl acrylate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arkema SA, LG Chem Ltd., BASF SE, Shanghai Huayi Acrylic Acid Co., Ltd., Nippon Shokubai Co., Ltd., and SIBUR International GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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