Chemicals Industry Today
Ethyl Acrylate Market Size, Overview with Detailed Analysis, Competitive landscape, Forecast to 2026
Market Dynamics:
Owing to its wide applications in the paints and coatings segment, ethyl acrylate market is largely dependent on the growth of the construction and infrastructure sector. Ethyl acrylate is in a stable demand from the pharmaceutical sector due to its use as a reagent in various pharmaceutical intermediates. The feasible properties and a high demand from the end user industries are the key factors in the growth of the global market of ethyl acrylate.
Acrylic acid is a vital raw material in the production of ethyl acrylate and propylene is widely used for the commercial manufacture of acrylic acid. Any advancement in the global prices of propylene adversely affect the cost of acrylic acid and its derivatives, particularly ethyl acrylate. Also, since ethyl acrylate is highly toxic, several environmental regulations limit its growth. Health and safety organizations such as the New Jersey Department of Health and Senior Services, OSHA, NIOSH and ACGIH have termed ethyl acrylate as a “Carcinogen with extreme caution” and advice to reduce its human exposure to the lowest level possible. Economical and safety concerns tend to overshadow the numerous advantages of ethyl acrylate.
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Many of the key market players of ethyl acrylate are observed to adopt an expansion strategy to maintain a steady supply for the growing demands. For instance, in 2017, Arkema S.A. invested $90 million in its acrylic acid production units on Clear Lakes, Texas upgrading the total capacity to 270 kt/year.
Market Segmentation:
The ethyl acrylate market can be segmented on the basis of application and end use industry.
On the basis of application, ethyl acrylate can be segmented into:
- Adhesives and Sealants
- Surface Coatings
- Detergents
- Plastic Additives
- Others
On the basis of end use industries, ethyl acrylate market can be segmented into:
- Plastics industry
- Leather industry
- Paints and coatings industry
- Packaging industry
- Paper industry
- Textiles industry
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Regional Outlook:
Region wise, Asia Pacific dominates the global ethyl acrylate market. Owing to the growth of the construction and infrastructure business in regions like Asia Pacific and North America, the demand from these regions will experience a stable growth. In terms of applications, it is predicted that the adhesives and sealants will undergo the fastest growth with Asia Pacific region leading the global market.
List of Key Participants:
- The Dow Chemical Company
- Arkema S.A.
- Mitsubishi Chemical Corporation
- Tokyo Chemical Industry Co., Ltd.
- Wanhua Chemical Group Co., Ltd.
- I. du Pont de Nemours and Company
- Sasol Limited
- LG Chem Ltd.
- Toronto Research Chemicals
- BASF SE
- SIBUR
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (India, ASEAN, Australia & New Zealand)
- China
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa, Turkey)
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