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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 (2018-2028); 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.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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 Industry Opportunities and Challenges
8 Global Methyl Acrylate Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Acrylate Historical Market (2018-2022)
8.3 Global Methyl Acrylate Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Chemical Synthesis
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Adhesives and Sealants
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Plastic Additives
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Detergents
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Textiles
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Packaging
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Building and Construction
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Personal Care and Cosmetic
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 Key Figures and Tables
1. Global Methyl Acrylate Market: Key Industry Highlights, 2018 and 2028
2. Global Methyl Acrylate Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Methyl Acrylate Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Methyl Acrylate Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Methyl Acrylate Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Methyl Acrylate Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Methyl Acrylate Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Methyl Acrylate Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Methyl Acrylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 456 million by 2026.
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.
The key market trend guiding the growth of the market includes the rising demand for chemicals for water treatment.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, and textiles, among others.
The major end-use sectors in the industry are automobile, packaging, building and construction, and personal care and cosmetic, among others.
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 2023-2028, 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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