How Has the Butyl Acrylate Market Evolved Historically and What is its Current Size?
The butyl acrylate market has seen considerable growth due to a variety of factors.
• The butyl acrylate market has experienced strong growth, expected to grow from $5.17 billion in 2024 to $5.55 billion in 2025 at a CAGR of 7.2%.
This growth is driven by demand in the construction and building industries, the automotive sector, the packaging industry, economic growth, urbanization, and infrastructure development.
What Is The Projected Growth Of The Butyl Acrylate Template Market?
The butyl acrylate market is expected to maintain its strong growth trajectory in upcoming years.
• The butyl acrylate market is expected to grow to $7.22 billion by 2029, at a CAGR of 6.8%.
This growth is attributed to demand from end-user industries, economic growth, and technological advancements. Trends include production innovations, mergers and acquisitions, and product development.
What Are The Key Drivers Fueling Growth In The Butyl Acrylate Market?
The expansion of the automotive sector is expected to propel the growth of the butyl acrylate market. The automotive industry is expanding due to improved economic conditions and consumer preferences. Butyl acrylate is used in automotive manufacturing for coatings and adhesives, providing durability and aesthetics. The European Automobile Manufacturers Association reported in May 2023 that global vehicle production reached 85.4 million units in 2022, up 5.7% from 2021, driving the demand for butyl acrylate.
What Are The Principal Market Segments In The Global Butyl Acrylate Industry?
The butyl acrylate market covered in this report is segmented –
1) By Product Type: I-Butyl Acrylate, N-Butyl Acrylate, T-Butyl Acrylate
2) By Purity: High Purity, Common Purity
3) By Application: Paints And Coatings, Adhesives And Sealants, Chemical Synthesis, Plastic Additives, Textiles, Other Applications
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What New Trends Are Influencing The Butyl Acrylate Market?
Companies in the butyl acrylate market are increasing investment in acrylic acid facilities to meet rising demand and ensure long-term profitability. In March 2023, BASF SE inaugurated a new acrylic production facility in China with a capacity of 400,000 metric tons of butyl acrylate annually. This expansion is aimed at meeting the growing demand for acrylics in various industries, including hygiene and coatings, and supports the production of superabsorbent polymers, adhesives, and coatings.
Who Are the Key Players In The Butyl Acrylate Market?
Major companies operating in the butyl acrylate market are:
• China Petroleum and Chemical Corporation
• ExxonMobil Corporation
• BASF SE
• Bharat Petroleum Corporation Limited
• The Dow Chemical Company
• LyondellBasell Industries Holdings B.V
• LG Chem Ltd.
• Mitsubishi Chemical Holdings
• Wanhua Chemical Group Co. Ltd.
• Evonik Industries AG
• Sasol Limited
• Arkema Chemicals SA
• Formosa Plastics Corporation
• Sibur
• Nippon Shokubai Co Ltd
• Satellite Chemical Co Ltd
• TCI Chemicals Pvt. Ltd.
• JBN SERVICES
• Oswal Udhyog Group
• Vizag Chemical
• Otto Chemie Pvt Ltd
• Dhalop Chemicals
• KR Chemicals
What Are The Regional Insights Into The Butyl Acrylate Market?
North America was the largest region in the butyl acrylate market in 2024. The regions covered in the butyl acrylate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
