Butyl Acrylate Market Developments and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Butyl Acrylate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Plastic Additives, Textiles, and Others)

Report Date : Nov 2021
Report Code : TIPRE00021455

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 135

Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

AI overview of Butyl Acrylate Market

The Butyl Acrylate Market is poised for significant growth, projected to reach a market size of US$ 4.61 billion by 2028, up from US$ 3.36 billion in 2021, reflecting a robust CAGR of 4.6% during the forecast period from 2022 to 2028. This growth is driven by increasing investments in the chemical industry and a rising demand for water-based coatings, which are becoming essential due to stringent environmental regulations. Key segments include paints and coatings, adhesives, and textiles, highlighting diverse applications. Future trends indicate a shift towards bio-based butyl acrylate and innovations in eco-friendly formulations, aligning with global sustainability initiatives. The Butyl Acrylate Market is not only expanding in developed regions but also gaining traction in emerging markets, fueled by rapid industrialization.

The Butyl Acrylate market is projected to reach US$ 4,608.06 million by 2028 from US$ 3,356.74 million in 2021; it is expected to register a CAGR of 4.6% from 2021 to 2028.

There is a significant increase in demand for butyl acrylate due to the growing requirement for adhesives, coatings, paints, and sealants from automotive and construction industries. The growing investment in the chemical industry and increasing demand for water-based coatings for applications such as coating for interiors of fly ash hoppers, coal cars, plastic pellet hoppers, refuse containers, trucks, and architectural and printing inks is driving the market. Butyl acrylate is used to produce copolymers and flexible acrylic polymers, which are used in adhesives, caulks, and sealants. The butyl acrylate used in polymer helps to improve tack, impact resistance, flexibility, and overall durability. It is used in various applications such as acrylic resins, packaging adhesives, structural adhesives, latex paints, caulks & sealants, concrete coatings, and elastomeric coatings.

The Butyl Acrylate market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Many Asia Pacific countries, including Australia, China, India, and Japan, have many manufacturing industries such as building & construction, automotive, and textile. China is the largest consumer of butyl acrylate, owing to the increasing usage of paints, coatings, sealants, and adhesives from the building & construction industry. Countries in Asia Pacific such as Japan and India are significantly investing in building and constructional activities such as building sustainable infrastructure, smart cities, commercial complexes, and residential buildings. The increasing investment in the industrial sector is also accelerating market growth. Thus, countries in Asia Pacific are expected to drive the butyl acrylate market over the forecast period.

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Butyl Acrylate Market: Strategic Insights

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Impact of COVID-19 Pandemic on Butyl Acrylate Market

The COVID-19 pandemic drastically altered the status of the chemical & materials sector and negatively impacted the growth of the butyl acrylate market. The implementation of measures to combat the spread of the virus aggravated the situation and impacted the growth of several industrial sectors. The sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries impacted industries such as automotive, construction, and packaging. The significant decline in the growth of several industrial sectors significantly impacted the demand for butyl acrylate in the global market. Due to the COVID-19 pandemic, the market dynamics had negatively influenced the supply and demand trend for the butyl acrylate market. The chemical industry witnessed disruptions and production declines since February 2020. The chemical manufacturers are planning to make well-informed strategic changes and restructure the businesses to cater to the uneven demand scenario until the threat of the pandemic is over and industry dynamics return to pre-outbreak levels.

Market Insights

Growth in Construction Industry

The increasing investment in the building & construction industry augments the usage of adhesives, paints, and sealants, which helps drive the butyl acrylate market. The growth of the butyl acrylate market is primarily attributed to the increase in urbanization rate, which gives rise to a large number of construction projects. For instance, in April 2021, DuPont announced an investment of around US$ 30 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province, in East China. In addition, in December 2020, the government of Brazil planned to invest US$ 27 billion in building infrastructure, which includes highway, port, railway, and airport segments. Furthermore, the Government of Chile had planned to increase the number of construction projects with an investment worth US$ 5.2 billion. Thus, booming investment in the building & construction industry is augmenting the usage of paints, coatings, and adhesives, which is anticipated to drive the market.

Application Insights

Based on application, the butyl acrylate market is segmented into paints and coatings, adhesives and sealants, chemical synthesis, plastic additives, textiles, and others. The paints and coatings segment is anticipated to grow, owing to the growing investment in automotive and building & construction industries. The adhesives and sealants segment is also anticipated to grow, owing to the increasing usage in automotive hose bonding, core plug sealing, heat exchanger sealing, and filter end cap bonding, among other applications, which is expected to drive the butyl acrylate market over the forecast period.

The key players operating in the butyl acrylate market include EXXON MOBIL CORPORATION; Arkema; Mitsubishi Chemical Corporation; OSWAL UDHYOG; NIPPON SHOKUBAI CO., LTD.; Indenta Chemicals Pvt. Ltd.; TCI Chemicals Pvt. Ltd.; Wanhua Chemical Group Co., Ltd.; LyondellBasell Industries Holdings B.V.; and Sasol. The key companies adopt strategies such as mergers and acquisitions and research and development to expand their customer base and gain significant share in the global market, allowing them to maintain their brand name globally.

Report Spotlights

Progressive industry trends in the butyl acrylate market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the butyl acrylate market from 2018 to 2028
Estimation of global demand for butyl acrylate
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook, as well as factors driving and restraining the growth of the butyl acrylate market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the butyl acrylate market size at various nodes
Detailed overview and segmentation of the market, as well as the butyl acrylate industry dynamics
Size of the butyl acrylate market in various regions with promising growth opportunities

Butyl Acrylate Market – by Application

Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Plastic Additives, Textiles, and Others

Butyl Acrylate Market Regional Insights

The regional trends and factors influencing the Butyl Acrylate Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Butyl Acrylate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Get the Regional Specific Data for Butyl Acrylate Market

Butyl Acrylate Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 3.36 Billion
Market Size by 2028	US$ 4.61 Billion
Global CAGR (2021 - 2028)	4.6%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Application Paints and Coatings Adhesives and Sealants Chemical Synthesis Plastic Additives Textiles
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	EXXON MOBIL CORPORATION Arkema Mitsubishi Chemical Corporation OSWAL UDHYOG NIPPON SHOKUBAI CO LTD Indenta Chemicals Pvt. Ltd TCI Chemicals Pvt. Ltd Wanhua Chemical Group Co., Ltd LyondellBasell Industries Holdings B.V.

Butyl Acrylate Market Players Density: Understanding Its Impact on Business Dynamics

The Butyl Acrylate Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Butyl Acrylate Market are:

EXXON MOBIL CORPORATION
Arkema
Mitsubishi Chemical Corporation
OSWAL UDHYOG
NIPPON SHOKUBAI CO LTD

Disclaimer: The companies listed above are not ranked in any particular order.

Get the Butyl Acrylate Market top key players overview

Company Profiles

EXXON MOBIL CORPORATION
Arkema
Mitsubishi Chemical Corporation
OSWAL UDHYOG
NIPPON SHOKUBAI CO., LTD.
Indenta Chemicals Pvt. Ltd.
TCI Chemicals Pvt. Ltd.
Wanhua Chemical Group Co., Ltd.
LyondellBasell Industries Holdings B.V.
Sasol

Frequently Asked Questions

What is the key driver for the growth of the global butyl acrylate market?

Increasing usage of butyl acrylate in paints, coatings, adhesives and sealants in building & construction industry along with growing production of automotive are the key factors driving the market growth over the forecast period. With the growing expansion of building & construction industry wherein paints, coatings and sealants have gained significant momentum is fueling the butyl acrylate market over the projected period. Growing investment in automotive industry owing to rise in awareness for emission free vehicles is augmenting the automotive production which is further driving the market growth.

In 2020, which country held the largest market share in global butyl acrylate market?

In 2020, China held the largest market share in the global butyl acrylate market. China is the worldâ€™s largest vehicle market across the globe, as per the International Trade Administration (ITA). The Chinese government has taken several initiatives for automobile manufacturers for augmenting the production capacity of the country to 35 million by 2025. The growing prospects of construction industry in China is further fueling the market growth. For instance, in 2019, the government of China had invested US$ 1.9 billion in 13 public housing projects. Thus, increasing construction activities and automotive production is anticipated to propel the butyl acrylate market in China in the coming years.

What are the trending factors which helps drive the global butyl acrylate market?

Development of bio based butyl acrylate, wherein leading research institutes are working to make it more sustainable is trending the market dynamics. In addition, growing production of automotive in post pandemic scenario is also trending the market outlook during the forecast period.

Which application segment is the fastest growing in the global butyl acrylate market?

In 2020, the paints and coatings segment accounted for the largest market share. The growth of the segment is primarily attributed to high quality and durable acrylic emulsions which have revolutionized the paint industry. The usage of butyl acrylate in solvent-born coatings, interior and exterior water-based paints, emulsion paints, and printing inks for applications that requires quick drying rates such as auto based lacquers and industrial coatings. Thus, wide scope application of paints and coatings across vertical of industries is driving the butyl acrylate market growth over the forecast period.

Can you list some of the major players operating in the global butyl acrylate market?

The major players operating in the global butyl acrylate market are EXXON MOBIL CORPORATION; Arkema; Mitsubishi Chemical Corporation; OSWAL UDHYOG; NIPPON SHOKUBAI CO., LTD.; Indenta Chemicals Pvt. Ltd.; TCI Chemicals Pvt. Ltd.; Wanhua Chemical Group Co., Ltd.; LyondellBasell Industries Holdings B.V. and Sasol.

In 2020, which region held the largest share of the global butyl acrylate market?

In 2020, Asia Pacific accounted for the largest share of the global butyl acrylate market. Increasing investment in construction & automotive industry has propelled the demand of butyl acrylate in the region. In addition, growing investments by governments in infrastructural development projects such as smart cities, sustainable infrastructure, airports, and public transit systems is driving the demand for butyl acrylate in Asia Pacific region.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Butyl Acrylate Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Butyl Acrylate Market Report Snapshots

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