Product Code: ETC4480345 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India acrylate market import shipments showcased a steady expansion with a notable CAGR from 2020 to 2024. Momentum accelerated significantly between 2023 and 2024, indicating a strong growth trend. The market experienced robust and consistent growth during the period under review.
The India Acrylate market is thriving due to the widespread use of acrylates in adhesives, coatings, and textiles. These versatile compounds are known for their adhesive and structural properties. The market growth is closely linked to the growth of India manufacturing and construction sectors.
The India acrylate market is driven by the thriving construction and adhesive industries. Acrylates are essential components in adhesives and sealants, and with the growth of the construction sector, the demand for acrylate-based products is increasing. Additionally, the expanding automotive and packaging industries are contributing to the growth of the acrylate market in India.
One of the challenges in the acrylate market is the volatility of raw material prices, particularly acrylic acid. Price fluctuations can affect production costs and profit margins. Additionally, the need to meet quality standards and performance requirements while keeping production efficient is an ongoing challenge.
The India Acrylate market was significantly affected by the pandemic. With reduced construction and automotive activities, which are major consumers of acrylate-based products, the market witnessed a decline in demand. The disruptions in logistics and transportation also hampered the supply chain, leading to fluctuating prices. As the construction and automotive sectors regain momentum post-pandemic, the acrylate market is expected to recover.
Major contributors to the acrylate market in India include Dow India, BASF India Limited, Mitsubishi Chemical India Pvt. Ltd., and LG Chem India Pvt. Ltd. These companies focus on producing a wide range of acrylate products, catering to diverse applications in adhesives, coatings, and textiles.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Acrylate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Acrylate Market Revenues & Volume, 2021 & 2031F |
3.3 India Acrylate Market - Industry Life Cycle |
3.4 India Acrylate Market - Porter's Five Forces |
3.5 India Acrylate Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.6 India Acrylate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Acrylate Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Acrylate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in end-use industries such as paints and coatings, adhesives, and textiles |
4.2.2 Increasing demand for eco-friendly and sustainable products |
4.2.3 Rise in disposable income leading to higher consumer spending |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as acrylic acid and methanol |
4.3.2 Stringent environmental regulations impacting production processes |
4.3.3 Competition from alternative materials like polyurethane and epoxy resins |
5 India Acrylate Market Trends |
6 India Acrylate Market, By Types |
6.1 India Acrylate Market, By Chemistry |
6.1.1 Overview and Analysis |
6.1.2 India Acrylate Market Revenues & Volume, By Chemistry, 2021-2031F |
6.1.3 India Acrylate Market Revenues & Volume, By Butyl Acrylate, 2021-2031F |
6.1.4 India Acrylate Market Revenues & Volume, By Ethyl Acrylate, 2021-2031F |
6.1.5 India Acrylate Market Revenues & Volume, By Methyl Acrylate, 2021-2031F |
6.2 India Acrylate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Acrylate Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Acrylate Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.4 India Acrylate Market Revenues & Volume, By Fabrics, 2021-2031F |
6.3 India Acrylate Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Acrylate Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.3 India Acrylate Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.4 India Acrylate Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 India Acrylate Market Revenues & Volume, By Automotive, 2021-2031F |
7 India Acrylate Market Import-Export Trade Statistics |
7.1 India Acrylate Market Export to Major Countries |
7.2 India Acrylate Market Imports from Major Countries |
8 India Acrylate Market Key Performance Indicators |
8.1 Average selling price of acrylate products |
8.2 Number of new product developments and innovations in the market |
8.3 Adoption rate of sustainable practices in acrylate production |
8.4 Utilization rate of production capacities in acrylate manufacturing plants |
8.5 Investment in research and development for new acrylate applications |
9 India Acrylate Market - Opportunity Assessment |
9.1 India Acrylate Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
9.2 India Acrylate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Acrylate Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Acrylate Market - Competitive Landscape |
10.1 India Acrylate Market Revenue Share, By Companies, 2024 |
10.2 India Acrylate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |