Butyl Acrylate Market Developments and Forecast by 2028

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.

Butyl Acrylate Market: Strategic Insights

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.

Butyl Acrylate Market Report Scope

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.

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