Ethyl Acrylate Market
Ethyl Acrylate Market Study by Adhesives & Sealants, Surface Coatings, Detergents, and Plastic Additives Application From 2024 to 2034
Analysis of Ethyl Acrylate Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Ethyl Acrylate Market Outlook (2024 to 2034)
Expanding at a CAGR of 6.1%, the global ethyl acrylate market is projected to increase from a valuation of US$ 9.59 billion in 2024 to US$ 17.33 billion by 2034.
Growth is propelled by the increasing market trend within the acrylate sector, which is the packaging industry's surging need for acrylate-based goods. Acrylate-based packaging solutions are practical and adaptable, having applications in labeling, hard packaging, and flexible packaging. Several reasons are driving this trend, including the increased customer demand for convenience and product protection as well as the requirement for packaging materials that are strong, lightweight, and environment friendly. Throughout the projection period, the market is projected to experience expansion due to the high demand for acrylate-based products, driven by the packaging industry's ongoing evolution to suit changing market dynamics and regulatory requirements.
The growing preference for acrylic-based emulsions over conventional oil-based alternatives is a noteworthy development in the acrylic business. Multiple reasons that contribute to the enhanced performance and environmental benefits of acrylic-based products are driving this trend. Compared to their oil-based equivalents, acrylic-based emulsions are consumed more for their higher water resistance, increased wear resistance, improved colorfastness, and shortened drying periods. Furthermore, because acrylic-based emulsions have less volatile organic compounds (VOCs) and a smaller environmental effect; their use has increased in tandem with the rising emphasis on environmental sustainability. The demand for acrylic-based emulsions is rising further, thereby influencing the trajectory of the market going forward as consumers look for more effective, long-lasting, and environment-friendly solutions.
| Report Attributes | Details |
|---|---|
| Ethyl Acrylate Market Size (2024E) | US$ 9.59 Billion |
| Forecasted Market Value (2034F) | US$ 17.33 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.1% CAGR |
| North America Market Value (2024E) | US$ 5.39 Billion |
| Mexico Market Value (2034F) | US$ 828 Million |
| Detergents Segment Growth Rate (2024 to 2034) | 6.2% CAGR |
| United States Market Value (2034F) | US$ 3.56 Billion |
| Key Companies Profiled | The Dow Chemical Company; Arkema S.A.; Mitsubishi Chemical Corporation; Tokyo Chemical Industry Co., Ltd.; Wanhua Chemical Group Co., Ltd.; du Pont de Nemours and Company; Sasol Limited; LG Chem Ltd.; Toronto Research Chemicals |
Considering its wide applications in the paints and coatings segment, the ethyl acrylate market is largely dependent on the growth of the construction and infrastructure sectors. Ethyl acrylate is in stable demand from the pharmaceutical sector due to its use as a reagent in various pharmaceutical intermediates. The feasible properties and 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 price of propylene adversely affects the cost of acrylic acid and its derivatives, particularly ethyl acrylate. In addition, 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 advised 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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Deterring factors: Ethyl Acrylate Market
Excess exposure to ethyl acrylate causes drowsiness, headache, and nausea. Along with being highly toxic, ethyl acrylate irritates the skin, eyes, and respiratory tract. Ethyl acrylate is a carcinogen and might prove to be fatal under prolonged exposure. Being too volatile, ethyl acrylate reacts easily with many organic and inorganic compounds. Ethyl acrylate is colorless and has low solubility in water. However, it is readily soluble in organic solvents such as alcohol.
The adoption of ethyl acrylate has borne the brunt of controversies regarding health issues associated with its exposure, including headache, convulsions, drowsiness, lethargy, and gastrointestinal, and respiratory irritation. The risk of cancer is associated with exposure of workers to ethyl acrylate among workers who are occupationally prone to the chemicals. However, with studies evolving concerning the essentiality of ethyl acrylate and some positive effects it induces in the target applications, the adoption rate of ethyl acrylate is increasing, yet at a steady rate.
Segment wise analysis
Ethyl acrylate is used widely in the plastics industry, leather industry, paints and coatings industry, packaging industry, paper industry, and textiles industry. The paint and coating industry dominated the usage of ethyl acrylate owing to its usability in the forms of gel, dip, and shellac coatings. The paint and coating industry is expected to hold revenue of 40% share by value by 2024. Acrylic paints are found to be used in both exterior and interior coatings.
The manufacturers are into the production of acrylic resins that are used in paints and latex products. Ethyl acrylate is primarily used in emulsion base polymers, acrylic rubber, and elastomers. After the paint and coating segment, ethyl acrylate is widely popular as an adhesive and used in the manufacturing of acrylic fibers used in textiles.
The adhesive and sealants segment is expected to notice an upward demand trajectory owing to demand for furniture and textile applications. Ethyl acrylate is majorly used in surface coating for its resistance features. The material is also used as a detergent in cleaning and textile firms.
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Regional Insights
Region-wise, Asia Pacific dominates the global ethyl acrylate market. Owing to the growth of the construction and infrastructure business in regions like the Asia Pacific. The rapid urbanization in countries like India and China has opened the way to the construction sector application of ethyl acrylate. It is predicted that the adhesives and sealants will undergo the fastest growth, with the Asia Pacific region leading the global market.
In North America, the demand from these regions will experience stable growth. In terms of applications. Owing to the high volume, the manufacturing capacity of firms in this region is expected to drive sales of ethyl acrylate in the forecast period.
Competitive Landscape
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. The Ethyl Acrylate industry is likely to notice a rise in competition among dominant firms.
However, the manufacturing of the Ethyl Acrylate industry is a capital incentive process imposing challenges for start-ups in the sector. The key players in the market opt for product research, strategic collaborations, and extensive promotion of products. Companies are paying equal importance to sustainable production by focusing on making it a priority throughout the production cycle.
- For instance, in 2017, Arkema S.A. invested $90 million in its acrylic acid production units in Clear Lakes, Texas upgrading the total capacity to 270 kt/year.
- In March 2021, BASF doubled acrylic dispersion functionality in the Malaysian branch. This novel product line refers to state of art acronical edge dispersions. The new additional capacity was established for serving the ASEAN and New Zealand regions market.
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Segmentation of Ethyl Acrylate Market Research
-
By Application :
- Adhesives & Sealants
- Surface Coatings
- Detergents
- Plastic Additives
- Others
-
By End Use :
- Plastics
- Leather
- Paints & Coatings
- Packaging
- Paper
- Textiles
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Application
- 6.2. End-Use
- 7. Global Market Analysis and Forecast, By Application
- 7.1. Adhesives and Sealants
- 7.2. Surface Coatings
- 7.3. Detergents
- 7.4. Plastic Additives
- 7.5. Others
- 8. Global Market Analysis and Forecast, By End-Use
- 8.1. Plastics
- 8.2. Leather
- 8.3. Paints and coatings
- 8.4. Packaging
- 8.5. Paper
- 8.6. Textiles
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Application and End-Use for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. The Dow Chemical Company
- 19.2. Arkema S.A.
- 19.3. Mitsubishi Chemical Corporation
- 19.4. Tokyo Chemical Industry Co., Ltd.
- 19.5. Wanhua Chemical Group Co., Ltd.
- 19.6. du Pont de Nemours and Company
- 19.7. Sasol Limited
- 19.8. LG Chem Ltd.
- 19.9. Toronto Research Chemicals
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Application
Table 3: Global Market US$ Bn Forecast by End-Use
Table 4: North America Market US$ Bn Forecast by Country
Table 5: North America Market US$ Bn Forecast by Application
Table 6: North America Market US$ Bn Forecast by End-Use
Table 7: Latin America Market US$ Bn Forecast by Country
Table 8: Latin America Market US$ Bn Forecast by Application
Table 9: Latin America Market US$ Bn Forecast by End-Use
Table 10: Western Europe Market US$ Bn Forecast by Country
Table 11: Western Europe Market US$ Bn Forecast by Application
Table 12: Western Europe Market US$ Bn Forecast by End-Use
Table 13: Eastern Europe Market US$ Bn Forecast by Country
Table 14: Eastern Europe Market US$ Bn Forecast by Application
Table 15: Eastern Europe Market US$ Bn Forecast by End-Use
Table 16: East Asia Market US$ Bn Forecast by Country
Table 17: East Asia Market US$ Bn Forecast by Application
Table 18: East Asia Market US$ Bn Forecast by End-Use
Table 19: South Asia & Pacific Market US$ Bn Forecast by Country
Table 20: South Asia & Pacific Market US$ Bn Forecast by Application
Table 21: South Asia & Pacific Market US$ Bn Forecast by End-Use
Table 22: MEA Market US$ Bn Forecast by Country
Table 23: MEA Market US$ Bn Forecast by Application
Table 24: MEA Market US$ Bn Forecast by End-Use
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the future market valuation concerning ethyl acrylate?
The ethyl acrylate market is estimated to surpass the size of USD 17.33 billion by 2034.
What is the estimated compound annual growth rate for the ethyl acrylate market?
The market is evaluated to grow continuously with a CAGR of 6.1% from 2024 to 2034.
Who are the key players in the Ethyl Acrylate Market?
Some of them are Mitsubishi Chemical Corporation, Tokyo Chemical Industry Co., Ltd., LG Chem Ltd., and others.
What are strategies adopted by Manufacturers in the Market?
The manufacturers in the ethyl acrylate market companies consider research on technologies and pay attention to sustainability.
Which region reigns in the market share of the ethyl acrylate market?
North American region reigns ethyl acrylate market share with 29.5% in 2024.
Which by-products are produced with ethyl acrylate?
Ethyl acrylate is used in producing co-polymers, including acrylic acid and its salts, amides, esters, acrylonitrile, and others.
Ethyl Acrylate Market