| Product Code: ETC8617436 | Publication Date: Sep 2024 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria`s acrylic monomers import market in 2024 continued to be dominated by top exporting countries such as Saudi Arabia, China, USA, Eswatini, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -20.47% from 2020 to 2024. The growth rate further plummeted by -36.84% from 2023 to 2024, reflecting challenges in the industry. Stakeholders should closely monitor these trends and adapt strategies to navigate the evolving market landscape.

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 Nigeria Acrylic Monomers Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Acrylic Monomers Market Revenues & Volume, 2022 & 2032F |
3.3 Nigeria Acrylic Monomers Market - Industry Life Cycle |
3.4 Nigeria Acrylic Monomers Market - Porter's Five Forces |
3.5 Nigeria Acrylic Monomers Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 Nigeria Acrylic Monomers Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Nigeria Acrylic Monomers Market Revenues & Volume Share, By End-user Industry, 2022 & 2032F |
4 Nigeria Acrylic Monomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for adhesives, coatings, and sealants in various industries such as construction, automotive, and packaging. |
4.2.2 Growth in the construction industry in Nigeria leading to higher demand for acrylic monomers for paints and coatings. |
4.2.3 Rising investments in infrastructure projects driving the demand for acrylic monomers. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs. |
4.3.2 Dependency on imports for certain types of acrylic monomers leading to supply chain challenges. |
5 Nigeria Acrylic Monomers Market Trends |
6 Nigeria Acrylic Monomers Market, By Types |
6.1 Nigeria Acrylic Monomers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Acrylic Monomers Market Revenues & Volume, By Product, 2022 - 2032F |
6.1.3 Nigeria Acrylic Monomers Market Revenues & Volume, By Acrylate, 2022 - 2032F |
6.1.4 Nigeria Acrylic Monomers Market Revenues & Volume, By Acrylic Acids and Salts, 2022 - 2032F |
6.1.5 Nigeria Acrylic Monomers Market Revenues & Volume, By Bisphenol Acrylics, 2022 - 2032F |
6.1.6 Nigeria Acrylic Monomers Market Revenues & Volume, By Polyfunctional Acrylics, 2022 - 2032F |
6.1.7 Nigeria Acrylic Monomers Market Revenues & Volume, By Fluorinated Acrylics, 2022 - 2032F |
6.1.8 Nigeria Acrylic Monomers Market Revenues & Volume, By Acrylonitrile, 2022 - 2032F |
6.1.9 Nigeria Acrylic Monomers Market Revenues & Volume, By Malemide, 2022 - 2032F |
6.1.10 Nigeria Acrylic Monomers Market Revenues & Volume, By Malemide, 2022 - 2032F |
6.2 Nigeria Acrylic Monomers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Acrylic Monomers Market Revenues & Volume, By Plastic, 2022 - 2032F |
6.2.3 Nigeria Acrylic Monomers Market Revenues & Volume, By Adhesives and Sealants, 2022 - 2032F |
6.2.4 Nigeria Acrylic Monomers Market Revenues & Volume, By Synthetic Resins, 2022 - 2032F |
6.2.5 Nigeria Acrylic Monomers Market Revenues & Volume, By Acrylic Fibers, 2022 - 2032F |
6.2.6 Nigeria Acrylic Monomers Market Revenues & Volume, By Building Materials, 2022 - 2032F |
6.2.7 Nigeria Acrylic Monomers Market Revenues & Volume, By Fabrics, 2022 - 2032F |
6.3 Nigeria Acrylic Monomers Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Acrylic Monomers Market Revenues & Volume, By Paints annd coatings, 2022 - 2032F |
6.3.3 Nigeria Acrylic Monomers Market Revenues & Volume, By Building and Construction, 2022 - 2032F |
6.3.4 Nigeria Acrylic Monomers Market Revenues & Volume, By Automotive, 2022 - 2032F |
6.3.5 Nigeria Acrylic Monomers Market Revenues & Volume, By Consumer Goods, 2022 - 2032F |
6.3.6 Nigeria Acrylic Monomers Market Revenues & Volume, By Packaging, 2022 - 2032F |
6.3.7 Nigeria Acrylic Monomers Market Revenues & Volume, By Marine, 2022 - 2032F |
7 Nigeria Acrylic Monomers Market Import-Export Trade Statistics |
7.1 Nigeria Acrylic Monomers Market Export to Major Countries |
7.2 Nigeria Acrylic Monomers Market Imports from Major Countries |
8 Nigeria Acrylic Monomers Market Key Performance Indicators |
8.1 Average selling price of acrylic monomers in the Nigerian market. |
8.2 Percentage of acrylic monomers used in the construction industry. |
8.3 Number of infrastructure projects using acrylic monomers as a key component. |
8.4 Adoption rate of acrylic monomers in new applications or industries. |
9 Nigeria Acrylic Monomers Market - Opportunity Assessment |
9.1 Nigeria Acrylic Monomers Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 Nigeria Acrylic Monomers Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Nigeria Acrylic Monomers Market Opportunity Assessment, By End-user Industry, 2022 & 2032F |
10 Nigeria Acrylic Monomers Market - Competitive Landscape |
10.1 Nigeria Acrylic Monomers Market Revenue Share, By Companies, 2025 |
10.2 Nigeria Acrylic Monomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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