Global Ethyl Acrylate Market is segmented By Application (Adhesives and Sealants, Surface coatings, Detergents, Plastic Additives, Others), By End-User (Paints and Coatings, Leather, Textiles industry, Packaging, Paper, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Ethyl Acrylate Market Size
The Global Ethyl Acrylate Market reached USD million in 2023 and is projected to witness lucrative growth by reaching up to USD million by 2031. The market is growing at a CAGR of 6.41% during the forecast period (2024-2031). Ethyl acrylate is crucial in creating many kinds of adhesives and sealants, including hot melts, pressure-sensitive adhesives and emulsion polymers.
The chemical formula for ethyl acrylate is CH2=CHCOOR. It is an odorless liquid with a strong, unpleasant scent. The majority of organic solvents and water are miscible with it. In esterifying acrylic acid or mixing ethanol and vinyl acetate, ethyl acrylate is created. The production of plastics, adhesives, paints and textile coverings all benefit from the versatility of ethyl acrylate, a monomer. Furthermore, ethyl acrylate's strong solubility in ethers, alcohols and other typical organic solvents is significantly increasing its popularity. One of the main factors driving ethyl acrylate demand is its application in emulsion-based polymers.
Market Summary
| Metrics | Details |
| CAGR | 6.41% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) and Volume (Tons) |
| Segments Covered | Application, End-User and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Applications of ethyl acrylate as hot melts and emulsion polymers in adhesives and sealants
Sealants and adhesives are frequently used in the packaging, automotive, construction and other sectors. Ethyl acrylate is in high demand since it is a necessary ingredient in producing various adhesives and sealants, which are in high demand in the aforementioned industries. The need for ethyl acrylate is also driven by the packaging industry's expanding usage of adhesives and sealants. The growing trend of e-commerce and the rising demand for packaged goods are also expected to drive the market for adhesives and sealants, which, in turn, is likely to drive the demand for ethyl acrylate.
Health issues associated with ethyl acrylate
The excess use of ethyl acrylate may cause drowsiness, headache and nausea. Along with being highly toxic, ethyl acrylate irritates the skin, eyes and respiratory tracks. Ethyl acrylate is a carcinogen that might be fatal under prolonged exposure. Ethyl acrylate is volatile, easily reacting with many organic and inorganic compounds. Thus, the health issues associated with ethyl acrylate is considered a major market restraint.
Market Segmentation Analysis
The global ethyl acrylate market is segmented based on application, end-user and region.
Paints and coating end-user segment dominate the market due to its excellent resistance to weathering, UV radiation and chemicals and growing applications
Paints and coatings mostly drive the demand for ethyl acrylate around the world. Many types of paints and coatings are made using ethyl acrylate as a raw material. Further, ethyl acrylate is used as a raw material in producing acrylic resins, which are widely used in paint and coating applications. The paints & coatings manufactured from ethyl acrylate is employed in many of fields, including automotive, building and industrial coatings.
Market Geographical Share
The availability of low-cost raw materials, skilled labor and government support and a large number of manufacturers in the region
The Asia-Pacific is the dominating region in the global ethyl acrylate market due to the presence of many manufacturers and the growing demand for ethyl acrylate-based products in the region. The region has many manufacturers of ethyl acrylate, particularly in China, India and Japan, which are among the world's leading producers of ethyl acrylate. The countries have many manufacturers of ethyl acrylate due to the availability of low-cost raw materials, skilled labor and government support. It has led to a large number of manufacturers in the region, which contributes to the dominance of the Asia-Pacific in the global ethyl acrylate market.
Ethyl Acrylate Companies
The major global players include BASF SE, DOW Chemical Company, Evonik Industries, Formosa Plastics Corporation, Merck Millipore, Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd Polysciences, Inc, Saudi Acrylic Monomer Company Limited and Synthomer.
Key Developments
- Due to the dangerously low water levels on the River Rhine, BASF SE announced force majeure on the production of acrylate esters at its Ludwigshafen, Germany, facility on October 18, 2018.
- On August 5, 2021, BASF and SINOPEC extended their Verbund site in Nanjing, China, which is run by BASF-YPC Co., Ltd., in a 50/50 joint partnership with SINOPEC. To serve the expanding Chinese market, it involves the capacity expansion of a number of downstream chemical facilities, including the ethyl acrylate facility.
- On August 18, 2021, Dow stated that it is investing in ethyl acrylate manufacturing in US Gulf Coast as part of its efforts to increase dependability as well as accessibility to raw materials through bigger, centralized capacity. Deer Park Operations in Texas will provide complete assistance for the manufacturing of ethyl acrylate and is equipped to handle current customer demand.
The global ethyl acrylate market report would provide approximately 53 tables, 50 figures and 186 Pages.
