Pune, India -- (SBWIRE) -- 04/22/2019 -- Infinium Global Research has produced a new premium report Acrylate Esters Market. The report covers the analysis of global as well as regional markets of acrylate esters. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of acrylate esters market by type (methyl acrylate, ethyl acrylate, 2-ethylhexyl acrylate and butyl acrylate), by application (surface coatings, textiles, plastic additives, adhesives & sealants and detergents) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW.

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Acrylate Esters is the derivative of acrylic acid and is used as raw material for viscosity adhesives, gums, paints, building materials, leather processing, and acrylic textiles. Acrylate Esters are majorly used in four products such as Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate and 2-Ethylhexyl Acrylate (2EHA). Acrylate Esters have several qualities similar to polymeric materials such as color stability and clarity, High thermal stability, good weather ability, and oil resistance. Acrylate esters offer major features such as glass transition temperature. This is characteristic of temperature at which the end polymer is transformed from a hard system to soft.

Rising Usages of Butyl Acrylate in Paint and Coating Industry to Promote the Growth of Acrylate Esters Market

Acrylate esters are been used in construction coatings. Rising construction industry has thus driven the demand for the acrylate esters market. Moreover, Acrylate Esters are used in various applications such as surface coatings, plastic adhesives, adhesives & sealants, textiles, and detergents. Butyl acrylate is used as a soft monomer to improve the toughness and temperature properties. Expanding demand of butyl acrylate in paint and coating industry is driving the growth of acrylate esters market. However, fluctuation in raw material prices is expected to be challenging for the growth of the acrylate esters market. Going further, rising adoption of biobased acrylic acid for a wide variety of commercial and consumer products including coatings, acrylic paints, adhesives, and textiles is projected to create several growth opportunities for the Acrylate Esters Market.

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Asia Pacific has Amassed Growth in Acrylate Esters Market During Forecast Period

On the basis of geographies, Asia Pacific is anticipated to be the largest and fastest growing region for the acrylate esters market followed by Europe and North America. Rising demand from surface coating application is the key factor driving the growth of the market in the Asia Pacific region. In addition, research and development activities to develop new product development by leading players in acrylate esters boosting is also boost the market in the Asia Pacific region. China is the largest consumer of the acrylate esters in the Asia Pacific region.

Mitsubishi and IOC sign an agreement over the licensing for manufacturing Acrylic Acid and Acrylic Acid Ester in India

In May 2018, Mitsubishi Chemical Corporation (MCC), headquartered at Chiyoda Ward, Tokyo and Indian Oil Corporation Limited (IOC) have concluded an agreement over the licensing of MCC's proprietary technology for manufacturing acrylic acid and acrylic acid ester.

Indian Oil Corporation Limited, the country's largest oil and Gas Company, has been working on a project for producing petrochemicals from propylene in Dumad, India. Indian Oil Company has selected MCC's technology for the process of manufacturing acrylic acid with an annual capacity of 90,000 tons and butyl acrylate with an annual capacity of 150,000 tons in the project.

Report Findings

1. Drivers

Rising Construction Industry has Positive Impact on Acrylate Esters

Expanding Demand of Butyl Acrylate in Paint and Coating Industry

2. Opportunities

Rising Adoption of Bio-Based Acrylic Acid for a Wide Variety of Commercial and Consumer Products

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