As per MRFR Analysis, the Acrylates Market was valued at 10.22 USD Billion in 2023 and is projected to grow to 15 USD Billion by 2035, with a CAGR of 3.24% from 2025 to 2035. The market is driven by increasing demand in adhesives, coatings, and sealants across various industries, including automotive and construction. The shift towards sustainable and eco-friendly products is also influencing market dynamics, prompting manufacturers to innovate and adapt to regulatory frameworks.
Key trends shaping the Acrylates Market include technological advancements and a focus on sustainability.
Key players include Huntsman, ExxonMobil, BASF, Dow, and Arkema.
Key Acrylates Market Trends Highlighted
Significant changes in the acrylates market are being influenced by shifting customer tastes and advances in technology. The growing need for environmentally friendly and sustainable goods across a range of sectors, including adhesives, paints and coatings, and the automotive sector, is a major market driver.
This change frequently prompts producers to investigate bio-based acrylates as substitutes for conventional petrochemical sources in accordance with environmental laws and sustainability objectives. The expanding construction industry, which increases demand for acrylate-based products in sealants and adhesives, presents opportunities to enter the market.
A favorable environment for acrylates is being created by the growing need for long-lasting and high-performance construction materials brought on by urbanization, especially in developing nations. Moreover, current research and development projects seek to improve acrylates' characteristics in order to increase their use in high-performance sectors like electronics and medical devices.
Recent trends also show that acrylate products are becoming more customized to satisfy certain end-user needs. In order to remain competitive in the market, businesses are investing in creating customized solutions that address specialized applications.
Acrylate producers are being prompted to develop novel formulations that reduce volatility and toxicity as a result of these developments and the growing emphasis on chemical safety and environmental effects in regulatory frameworks across the world.
The future of the worldwide acrylates market is being shaped by the dynamic interaction of drivers, opportunities, and trends, which also makes sure that growth is in line with market demands and sustainability trends.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylates Market Drivers
Growing Demand from the Adhesives and Sealants Sector
The Acrylates Market is significantly driven by the increasing demand for adhesives and sealants in various applications such as automotive, construction, and packaging. According to the European Sealants Industry Association, the adhesives and sealants market was valued at approximately 9.6 billion Euros in 2020, with expectations for continued growth.
The increasing application range of acrylates, specifically in consumer goods, electronics, and automotive industries, is propelling this growth further. With the construction industry projected to reach 15 trillion USD by 2030, any increase in construction activities directly enhances the demand for high-performance adhesives and sealants made from acrylates.
Prominent manufacturers such as BASF and Dow Chemical are investing heavily in Research and Development to produce innovative, eco-friendly adhesive solutions, thus fueling further growth in the Acrylates Market.
Rising Demand for Coatings and Paints
The surging demand for coatings and paints, particularly in the automotive, construction, and industrial sectors, is another key factor bolstering the Acrylates Market. The paints and coatings market is expected to reach approximately 260 billion USD by 2025, as reported by the American Coatings Association.
Acrylates are widely used due to their superior properties, such as adhesion, durability, and UV resistance. Major players like Sherwin-Williams and PPG Industries are constantly innovating to enhance product performance, contributing to sustained growth in the Acrylates Market.
Environmental Regulations Favoring Water-Based Products
Increasing regulations concerning Volatile Organic Compounds (VOCs) are promoting the shift towards more environmentally friendly water-based products in the Acrylates Market. The Environmental Protection Agency (EPA) has been promoting water-based formulations to align with sustainable development goals, resulting in a 20% decline in VOC emissions reported since 2013.
This shift toward low-emission products is prompting manufacturers to innovate water-based acrylate solutions, leading to increased market penetration as businesses adapt to regulatory frameworks. Companies such as Arkema and Evonik are aggressively pushing the development of sustainable acrylate products that comply with these regulations.
Acrylates Market Segment Insights
Acrylates Market Application Insights
The Acrylates Market witnessed remarkable growth within the Application segment, which encompasses various critical areas such as Adhesives, Coatings, Sealants, Textiles, and Plastics.
Adhesives, valued at 3.2 USD Billion in 2024 and expected to reach 4.5 USD Billion by 2035, dominated this segment, primarily due to their extensive applications across industries such as construction, automotive, and packaging.
Coatings also represented a major portion of the market, starting at 3.4 USD Billion in 2024 and projected to increase to 4.6 USD Billion by 2035, driven by the rising demand for protective and decorative applications in automotive and industrial sectors.
Sealants, valued at 1.5 USD Billion in 2024 with growth to 2.2 USD Billion by 2035, were essential for applications in construction and automotive, offering significant benefits in moisture control and environmental resistance.
The Textile application, which had a notable valuation of 1.7 USD Billion in 2024, is expected to climb to 2.3 USD Billion by 2035, driven by innovation in fabric treatments and functional textiles, enhancing the performance and durability of products.
Meanwhile, the Plastics application held a smaller share, valued at 0.76 USD Billion in 2024, growing to 1.4 USD Billion by 2035, reflecting a gradual increase in usage due to the growing shift towards sustainable materials. The interdependence of these applications highlighted the significance of acrylates in driving advancements across sectors while responding to market demand.
Growing industries such as construction, automotive, and textiles continue to present opportunities due to rising demand for technologically advanced products. Furthermore, increasing awareness regarding sustainability and eco-friendly formulations pushes innovations, encouraging growth in this segment.
The overall trends in the Acrylates Market indicated that, as manufacturers and consumers alike lean towards high-performance, durable products, the Application segment stood out as a critical area of focus.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylates Market Type Insights
The Acrylates Market, segmented by Type, demonstrates diverse applications driven by various acrylate compounds. Ethyl Acrylate and Butyl Acrylate are significant as they are widely utilized in the production of polymers, offering favorable properties for flexibility and durability.
Methyl Acrylate contributes significantly as well, often employed in the manufacturing of paints and varnishes, highlighting its importance in enhancing aesthetic qualities and protective features. Acrylic Acid, known for its role in producing superabsorbent polymers, dominates the market due to its vast applications in the hygiene sector.
Propyl Acrylate rounds out this segment, contributing to the enhancement of product performance in various applications.
Collectively, these Types represent a crucial part of the Acrylates Market revenue, which is anticipated to see steady growth driven by the increasing demand for water-based coatings and environmentally friendly products. The compound utilization helps cater to industry needs, marking a robust growth trajectory for the sector in the foreseeable future.
Acrylates Market End-use Industry Insights
The Acrylates Market, especially within the End-use Industry segment, is exhibiting substantial growth, underpinning its importance in various sectors. The Construction sector, characterized by its multifaceted applications of acrylates in coatings and sealants, plays a crucial role, contributing significantly to market dynamics.
The Automotive industry leverages acrylates for adhesives and paints, enhancing durability and performance, which underlines its relevance. The Consumer Goods sector benefits from acrylates through their use in household products, enabling manufacturers to create a wide range of functional and aesthetic items.
Meanwhile, the Electronics sector utilizes acrylates in manufacturing optical devices, reflective materials, and circuit boards, ensuring safety and efficiency. The Medical field relies on acrylates for surgical adhesives and drug delivery systems, marking significant advancements in healthcare applications.
As these industries continue to evolve, the Acrylates Market revenue is set to grow steadily, capturing the attention of stakeholders seeking insights into this vital segment, embracing innovations and addressing challenges within the landscape.
Acrylates Market Form Insights
The Acrylates Market is projected to experience significant growth. The Form segment of this market is divided into key types, including Liquid, Solid, and Emulsion, each playing a crucial role in various industrial applications.
The Liquid form dominates the market due to its versatility and ease of application across diverse sectors such as coatings, adhesives, and sealants. Emulsion forms are also vital, offering eco-friendly solutions and catering to the growing demand for sustainable products.
Solid acrylates, while smaller in market share, are essential for high-performance applications, particularly in the automotive and construction industries. Growth drivers for this segment include increased demand for lightweight materials and innovation in product formulations.
However, challenges like stringent environmental regulations and fluctuating raw material prices could impact market dynamics. The Acrylates Market data indicates a steady rise, with expected growth trends reflecting the ongoing advancements in technology and materials science, making it a compelling area for investment and development within the industry.
Acrylates Market Regional Insights
The Acrylates Market demonstrated considerable regional segmentation, with North America, Europe, South America, Asia Pacific, and the Middle East and Africa playing vital roles in its dynamics. In 2024, North America was valued at 2.65 USD Billion, and by 2035, it is projected to reach 3.75 USD Billion, signifying its significant contribution to the Acrylates Market revenue.
Europe held a considerable position as well, valued at 3.0 USD Billion in 2024, with expected growth to 4.2 USD Billion in 2035, highlighting its critical market stature. The Asia Pacific region was the largest, valued at 3.5 USD Billion in 2024 and anticipated to grow to 5.1 USD Billion by 2035, reflecting its majority holding in manufacturing and demand for acrylates in diverse industries.
South America and the Middle East and Africa represented smaller markets, valued at 0.75 USD Billion and 0.66 USD Billion, respectively, in 2024, but they are poised for growth to 1.05 USD Billion and 0.9 USD Billion by 2035.
As a result, the Acrylates Market data indicated varying opportunities and challenges within these regions, emphasizing the need for targeted strategies in addressing local preferences and market demands while leveraging the strengths of dominant regions like Asia Pacific and Europe.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylates Market Key Players and Competitive Insights
The Acrylates Market is characterized by a diverse range of players and a competitive landscape that is continually evolving. Acrylates are essential chemical building blocks used in various applications, such as adhesives, paints, coatings, and textiles. The market dynamics are influenced by factors such as technological advancements, shifts in consumer preferences, and environmental regulations.
Companies within this sector are focused on enhancing their product portfolios and developing innovative solutions to maintain a competitive edge. This landscape is marked by several key players that strive to maximize their market share and meet the growing demand for acrylates across different industries.
Huntsman has established a robust presence in the Acrylates Market, leveraging its extensive experience and technological capabilities. The company focuses on producing a wide range of acrylate products that cater to various applications, including automotive, construction, and consumer goods.
Huntsman's strengths lie in its commitment to innovation and developing sustainable solutions, allowing it to address evolving market needs effectively. The company also emphasizes strategic partnerships and collaborative ventures to enhance its product offerings and market reach, which has further solidified its position as a significant player in the acrylates segment on a scale.
ExxonMobil, a leading name in the Acrylates Market, offers a comprehensive range of products and services tailored to meet diverse industry requirements. The company's portfolio includes high-performance acrylates utilized in various applications, demonstrating its significant market presence and operational excellence.
ExxonMobil is recognized for its strengths in research and development, enabling the company to continuously innovate and adapt its offerings to changing market demands.
The company's strategic focus on mergers and acquisitions further enhances its capabilities and market position, allowing it to expand its footprint and deliver high-quality acrylate solutions that meet the needs of customers across different sectors. Through its commitment to sustainability and technological advancements, ExxonMobil remains a formidable competitor in the acrylates landscape ly.
Key Companies in the Acrylates Market Include
Acrylates Market Developments
Significant developments have recently emerged in the Acrylates Market, highlighting the ongoing demand and growth in this sector. Companies like BASF, Wacker Chemie, and Dow have reported increased production capacity to meet the escalating needs for acrylates in various applications, including adhesives, paints, and coatings.
In September 2023, Huntsman announced a strategic expansion in acrylates production to enhance its competitive edge. Additionally, ExxonMobil and Mitsubishi Chemical are actively collaborating on innovative sustainable technologies aimed at reducing the environmental impact of acrylate production.
In terms of mergers and acquisitions, Kraton completed the acquisition of a minority stake in Nippon Shokubai in June 2023 to strengthen its market position, while Arkema has been focused on strategic partnerships to enhance its acrylates portfolio.
From a financial perspective, the acrylates market valuation is expected to witness growth, driven by rising demand in emerging economies, impacting pricing strategies and production methodologies.
The market has also witnessed notable fluctuations in production costs due to changes in raw material prices, particularly in the last two years, prompting companies to adapt their operational approaches to maintain competitiveness.
Acrylates Market Segmentation Insights
Acrylates Market Application Outlook
Acrylates Market Type Outlook
Acrylates Market End-use Industry Outlook
Acrylates Market Form Outlook
Acrylates Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | 10.22(USD Billion) |
| Market Size 2024 | 10.56(USD Billion) |
| Market Size 2035 | 15.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.24% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Huntsman, ExxonMobil, Mitsubishi Chemical, Kraton, Rohm and Haas, LG Chem, Formosa Plastics, Wacker Chemie, BASF, Evonik Industries, Nippon Shokubai, Arkema, Versalis, Dow, SABIC |
| Segments Covered | Application, Type, End-use Industry, Form, Regional |
| Key Market Opportunities | Growing demand in adhesives industry, Increasing use in coatings sector, Rise in construction activities, Expansion in automotive applications, Advancements in sustainable acrylate solutions |
| Key Market Dynamics | Rising demand from adhesives, Increasing applications in paints, Growing use in the automotive industry, Expanding construction sector, Shift towards bio-based products |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Acrylates Market Highlights:
Frequently Asked Questions (FAQ) :
The Acrylates Market reached a value of 10.56 billion USD by the year 2024.
By 2035, the Acrylates Market is projected to be valued at 15.0 billion USD.
The expected compound annual growth rate (CAGR) for the Acrylates Market is 3.24% from 2025 to 2035.
In 2024, Europe held the highest market value in the Acrylates Market, valued at 3.0 billion USD.
The adhesives segment of the Acrylates Market was valued at 3.2 billion USD in the year 2024.
Huntsman is one of the key players in the Acrylates Market.
By 2035, the coatings application is expected to reach a market value of 4.6 billion USD in the Acrylates Market.
The Asia Pacific region held a market size of 3.5 billion USD in the Acrylates Market in 2024.
The sealant application is projected to reach a market size of 2.2 billion USD by 2035 in the Acrylates Market.
In 2024, the South America region was valued at 0.75 billion USD in the Acrylates Market.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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