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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Methyl Acrylate Market Regional Analysis
The Asia Pacific Presents Significant Growth Opportunities for the Methyl Acrylate Industry
Region-wise, the Asia Pacific region is expected to witness fast growth in the forecast period. Several factors, such as rising disposable income, growing urbanisation, and enhancing living standards, are aiding the market growth in the region, especially in developing economies, like India and China. Methyl acrylate is used in several industries, like furniture, automotive, metal, and paints and coatings, among others. Due to the rising demand for these products, along with the growing population, the methyl acrylate market share is expected to grow rapidly in the forecast period.
However, North America and Western Europe are anticipated to have moderate growth in the automotive sector. Latin America and Eastern Europe are estimated to witness significant growth over the forecast period owing to the rising automotive and paint industries. The Middle East and Africa region is also predicted to exhibit high growth in the coming years as a result of the rising construction activities.
Methyl Acrylate Market Report Snapshots
Methyl Acrylate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global methyl acrylate market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 577 million by 2032.
The major drivers of the market include the rising use of methyl acrylate in various end-use sectors, the robust growth of the automotive sector, and rapid urbanisation and industrialisation.
The rising demand for methyl acrylate in the packaging sector, the growing demand for surface coatings, and the increasing use of the chemical in water treatment are the key trends supporting the market development.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, and textiles, among others, are the major applications of methyl acrylate.
The various end uses of methyl acrylate include automobile, packaging, building and construction, and personal care and cosmetics, among others.
The major players in the market are Arkema SA, LG Chem Ltd., BASF SE, Shanghai Huayi Acrylic Acid Co., Ltd., Nippon Shokubai Co., Ltd., and SIBUR International GmbH, among others.
The market attained a value of USD 405.4 million in 2023.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124