Acrylates Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global acrylates market is poised for steady growth, with a current market size of USD 10.56 billion in 2024, projected to reach USD 15.0 billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 3.24% from 2025 to 2035. The market's expansion can be attributed to increasing demand across various end-use industries, including adhesives, paints and coatings, and textiles, where acrylates are valued for their versatility and performance characteristics. Several factors are driving this market growth, including advancements in polymer technology and the rising adoption of eco-friendly products. Innovations in acrylate formulations are enhancing product performance, leading to greater application in high-performance coatings and sealants. Key players in the industry, such as BASF, Dow Chemical, and Evonik Industries, are actively investing in research and development to create sustainable solutions and expand their product portfolios. Strategic initiatives, including partnerships and collaborations aimed at enhancing production capabilities and market reach, further underscore the competitive landscape of the acrylates market.

Regional Market Size

Regional Deep Dive

The Acrylates Market is characterized by diverse applications across various industries, including adhesives, paints, coatings, and textiles. In North America, the market is driven by a robust manufacturing sector and increasing demand for environmentally friendly products. Europe showcases a strong focus on sustainability and innovation, with stringent regulations promoting the use of bio-based acrylates. The Asia-Pacific region is witnessing rapid industrialization and urbanization, leading to heightened demand for acrylates in construction and automotive applications. The Middle East and Africa are gradually emerging as potential markets due to infrastructural developments, while Latin America is experiencing growth fueled by the expansion of the chemical industry and rising consumer demand.

Europe

• The European Union's Green Deal is influencing the acrylates market by promoting the use of renewable resources, leading to increased investments in bio-based acrylate production.
• Companies such as Evonik and Arkema are actively developing new formulations that comply with stringent EU regulations, enhancing their market position and driving innovation in the sector.

Asia Pacific

• China's rapid urbanization and infrastructure projects are significantly boosting the demand for acrylates in construction materials, with companies like Sinopec expanding their production capabilities.
• India's growing automotive sector is leading to increased usage of acrylates in coatings and adhesives, with local firms like Asian Paints investing in advanced acrylate technologies.

Latin America

• Brazil's increasing focus on sustainable development is driving demand for eco-friendly acrylate products, with local companies exploring bio-based alternatives.
• The expansion of the automotive and construction industries in Mexico is creating new opportunities for acrylate applications, with firms like Grupo Bimbo investing in advanced materials.

North America

• The U.S. Environmental Protection Agency (EPA) has introduced new regulations aimed at reducing volatile organic compounds (VOCs) in coatings, which is pushing manufacturers to innovate and develop low-VOC acrylate products.
• Major players like Dow Chemical and BASF are investing in research and development to create sustainable acrylate solutions, aligning with the growing consumer preference for eco-friendly products.

Middle East And Africa

• The UAE's Vision 2021 initiative is fostering growth in the chemical sector, including acrylates, by encouraging investments in manufacturing and innovation.
• Saudi Arabia's National Industrial Development and Logistics Program is expected to enhance the production capacity of acrylates, positioning the region as a key player in the global market.

Did You Know?

“Acrylates are not only used in industrial applications but also play a crucial role in everyday products, such as adhesives and paints, which can be found in over 90% of households.” — American Chemical Society

Segmental Market Size

The acrylates market segment is currently experiencing stable growth, driven by increasing demand in various applications such as adhesives, paints, and coatings. Key factors propelling this demand include the rising need for high-performance materials in construction and automotive industries, as well as stringent regulatory policies promoting the use of low-VOC (volatile organic compounds) products. Additionally, technological advancements in polymerization processes enhance the efficiency and quality of acrylate products, further stimulating market interest. Currently, the adoption of acrylates is in a mature stage, with leading companies like BASF and Dow actively innovating in this space. Notable regions such as North America and Europe are at the forefront of adoption, particularly in the development of eco-friendly formulations. Primary applications include water-based coatings for consumer goods and industrial applications, where acrylates provide durability and flexibility. Trends such as sustainability initiatives and the push for greener alternatives are catalyzing growth, while advancements in digital manufacturing technologies are shaping the future landscape of the acrylates market.

Future Outlook

The Acrylates Market is poised for steady growth from 2024 to 2035, with a projected market value increase from $10.56 billion to $15.0 billion, reflecting a compound annual growth rate (CAGR) of 3.24%. This growth trajectory is underpinned by the rising demand for acrylates in various applications, including adhesives, paints, coatings, and textiles. As industries increasingly prioritize sustainability, the shift towards bio-based acrylates and eco-friendly formulations is expected to gain momentum, further driving market expansion. By 2035, it is anticipated that bio-based acrylates could account for approximately 20% of the total acrylates market, highlighting a significant shift in consumer preferences and regulatory pressures favoring sustainable products. Key technological advancements, particularly in polymerization techniques and the development of high-performance acrylate derivatives, will play a crucial role in shaping the market landscape. Innovations such as waterborne and low-VOC (volatile organic compound) acrylates are expected to meet stringent environmental regulations while enhancing product performance. Additionally, the ongoing digital transformation within manufacturing processes is likely to improve efficiency and reduce costs, making acrylates more accessible to a broader range of industries. As the market evolves, stakeholders must remain agile, adapting to emerging trends and leveraging technological advancements to capitalize on the growing opportunities within the acrylates sector.