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Global Methyl Acrylate Market to Reach USD 456 Million by 2026, Driven by the Accelerating Leather and Textile Industry

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Global Methyl Acrylate Market: By Application: Surface Coatings, Chemical Synthesis, Adhesives and Sealants, Plastic Additives, Detergents, Textiles, Others; By End Use: Automobile, Packaging, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Methyl Acrylate Market Outlook

The global methyl acrylate market is estimated to grow at a CAGR of 4% between 2021 and 2026 to reach a value of USD 456 million by 2026.

 

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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Methyl Acrylate Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Methyl Acrylate Historical Market (2016-2020) 
    8.3    Global Methyl Acrylate Market Forecast (2021-2026)
    8.4    Global Methyl Acrylate Market by Application
        8.4.1    Surface Coatings
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Chemical Synthesis
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Adhesives and Sealants
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Plastic Additives
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Detergents
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Textiles
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Methyl Acrylate Market by End Use
        8.5.1    Automobile
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Packaging
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Building and Construction
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Personal Care and Cosmetic
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Methyl Acrylate Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operation Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Arkema SA
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    LG Chem Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    BASF SE
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Shanghai Huayi Acrylic Acid Co., Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Nippon Shokubai Co., Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    SIBUR International GmbH
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments

 

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 Figures and Tables

1.    Global Methyl Acrylate Market: Key Industry Highlights, 2016 and 2026
2.    Global Methyl Acrylate Historical Market: Breakup by Application (USD Billion), 2016-2020
3.    Global Methyl Acrylate Market Forecast: Breakup by Application (USD Billion), 2021-2026
4.    Global Methyl Acrylate Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Methyl Acrylate Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Methyl Acrylate Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Methyl Acrylate Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Methyl Acrylate Market Structure

Key Questions Answered in the Report

What is the growth rate of the global methyl acrylate market?

The global methyl acrylate market is projected to grow at a CAGR of 4% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 456 million by 2026.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, growing demand from the food packaging and plastic industry, increasing per capita incomes, changing lifestyles, rapid urbanisation, and increasing demand for surface coating, are expected to aid the market growth.

What are the key industry trends in the global market?

The key market trend guiding the growth of the market includes the rising demand for chemicals for water treatment.

What are the major regional markets of methyl acrylate, according to the EMR report?

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

What are the leading application segments in the market?

The leading application segments in the market are surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, and textiles, among others.

What are the major end-use sectors in the industry?

The major end-use sectors in the industry are automobile, packaging, building and construction, and personal care and cosmetic, among others.

Who are the key industry players, according to the report?

The major players in the industry 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 2021-2026, growing at a CAGR of 4%. The market is projected to reach USD 456 million by 2026.

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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