Global Butyl Acrylate Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions
Butyl acrylate is a colorless liquid with a characteristic fruity
odor, primarily used in the production of polymers and copolymers. It is a type
of acrylate ester derived from acrylic acid and butanol. This chemical is
commonly employed in making paints, coatings, adhesives, and textiles.
Sizing and Forecast
The butyl acrylate market size has grown strongly in recent years. It will grow
from $4.85 billion in 2023 to $5.17 billion in 2024 at a compound annual growth
rate (CAGR) of 6.8%. The growth in the
historic period can be attributed to construction and building industry demand,
automotive industry growth, packaging industry expansion, economic growth,
urbanization, and infrastructure development.
The butyl acrylate market size is expected to see strong growth in the next few
years. It will grow to $6.76 billion in 2028 at a compound annual growth rate
(CAGR) of 6.9%. The growth in the
forecast period can be attributed to demand from end-use industries, economic
growth, technological advancements, raw material availability and
prices, and environmental regulations. Major trends in the forecast period
include technological innovations, advances in production technologies,
increased mergers and acquisitions, and innovative product offerings.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/butyl-acrylate-global-market-report
Segmentation & Regional Insights
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
North America was the largest region in the butyl acrylate market in 2023. The
regions covered in the butyl acrylate market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of
the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16003&type=smp
Major Driver Impacting Market Growth
The expansion of the automotive sector is expected to propel the growth of the
butyl acrylate market going forward. The automotive sector encompasses the
design, development, manufacturing, marketing, and sale of motor vehicles,
including cars, trucks, buses, motorcycles, and other types of vehicles. The
expansion of the automotive sector is due to improved economic conditions,
government incentives and regulations, consumer preferences, and lifestyle
changes. Butyl acrylate is used in the automotive sector to manufacture
high-performance coatings and adhesives that provide durability and aesthetic
finishes. For instance, in May 2023, according to the European Automobile
Manufacturers Association, a Belgium-based automobile manufacturers
association, the global production of motor vehicles reached 85.4 million units
in 2022, reflecting a notable increase of 5.7% compared to 2021. Therefore, the
expansion of the automotive industry is driving the growth of the butyl
acrylate market.
Key Industry Players
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
The butyl acrylate market report table of contents includes:
1. Executive Summary
2. Butyl Acrylate Market Characteristics
3. Butyl Acrylate Market Trends And Strategies
4. Butyl Acrylate Market - Macro Economic Scenario
5. Global Butyl Acrylate Market Size
and Growth
.
32. Global Butyl Acrylate Market Competitive Benchmarking
33. Global Butyl Acrylate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Butyl Acrylate Market
35. Butyl Acrylate Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Comments
Post a Comment