Increasing demand for Acrylate in the online retailing business, coupled with high investments in RD of Acrylate, are fueling the market growth.
The global Acrylate Market is forecast to reach USD 505.1 Million by 2027, according to a new report by Reports and Data. Acrylate is a clear, colorless, highly flammable, water-soluble industrial and commercial chemical with an arid odor. Acrylic acid methyl ester is another commercial name of this chemical compound. Acrylate is mostly used as a solvent in the manufacturing of surface coating water-based coating applications and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Paints, paper coating, surface coating, and flocculant in waste-water treatment processes are some of its chemical applications. The low temperature flexibility, good water resistance, and sunlight resistance to the latex paint formulations make it highly preferable for the construction coating painting applications. The continuous expansion of the paint coatings, adhesives, plastic film formulation, food packaging, acrylate fiber and paper coating applications, are expected to drive the demand throughout the forecast period.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/2630
Top Leading Players: Mitsubishi Chemical Holdings, Solventis, Dow Chemical Company, NIPPON SHOKUBAI, Arkema S.A, LG Chem Ltd., BASF SE, DuPont de Nemours, Inc., Shandong Kaitai Petrochemical Co Ltd., and Jiangsu Jurong Chemical Co Ltd.
Further Key Finding from the Report Suggestion:
- Acrylate is a synthetic chemical compound to be used in the direct solvent and are widely used in the direct chemical formulations. Specialty coating, paper coating, surface coating, paint, varnishes, lacquers, finishing resin, plastic film formulation are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 5.6% during the period 2019 – 2027.
- Chemical reagent segment is measured to grow at a CAGR of 4.5% in the forecast period. Acrylate is used as a chemical reagent in various chemical formulations such as the synthesis of many pharmaceutical intermediates.
- Growing penetration of the online retailing businesses for chemicals and materials, especially in the emerging nations in Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing segment is expected to gain a market share of 34.1% by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 4.9% in the forecast period. Netherland and Germany have some of the valuable players in this region.
- North America is forecasted to witness a significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 5.8% during the forecast period. US possesses the highest market share in this region and some of the vital player of the market.
Download Summary: https://www.reportsanddata.com/download-summary-form/2630
The global Acrylate market is segmented into:
End-Use Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Direct Solvent
- Chemical Intermediate
- Chemical Reagents
- Others
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Applications Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Paints Coatings
- Rubber Adhesive
- Chemical Pharmaceuticals
- Textile Leather Industries
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
Request a customization of the report https://www.reportsanddata.com/request-customization-form/2630
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Reports:
Onshore Drilling Fluids Market https://www.reportsanddata.com/report-detail/onshore-drilling-fluids-market
Glutaraldehyde Market https://www.reportsanddata.com/report-detail/glutaraldehyde-market
Plant Growth Regulators Market https://www.reportsanddata.com/report-detail/plant-growth-regulators-market
Industrial Lubricants Market https://www.reportsanddata.com/report-detail/industrial-lubricants-market
Medical Ceramics Market https://www.reportsanddata.com/report-detail/medical-ceramics-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
