Market Forecast By Type (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-EH Acrylate, Others), By Application (Surface Coatings, Adhesives and Sealants, Plastic additives, Detergents, Textiles) And Competitive Landscape
Product Code: ETC103668 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Philippines Acrylic ester Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Construction, Paints and Coatings |
Philippines Acrylic Ester Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Acrylic Ester Market is expected to grow on account of country`s growing demand for various polymers and adhesives. Additionally, rising investments in infrastructure development projects are also contributing towards the increasing consumption of acrylic esters in the region. Moreover, technological advancements have enabled manufacturers to produce better quality products which are more cost-effective than traditional ones, thereby boosting their demand further.
According to 6Wresearch, the Philippines Acrylic Ester Market size is projected to grow at a CAGR of 5.3% during the forecast period of 2025-2031. The market is growing due to its widespread applications in the production of adhesives, coatings, textiles, and plastics. The country`s construction and manufacturing sectors, along with the rising trend of DIY projects, contribute to the demand for adhesives and coatings. Moreover, the textile and plastics industries rely on acrylic esters for their versatility and performance-enhancing properties, fostering market expansion. The Philippines Acrylic Ester Market caters to the paints, adhesives, and textiles sectors. Challenges encompass fluctuating raw material prices, the need for technological innovation to improve product performance, and market competition. Developing eco-friendly and high-performance acrylic esters could address these challenges and open new growth opportunities.
The Philippine government has introduced policies and schemes to bolster the Philippines Acrylic Ester Market Growth. This roadmap is part of the Manufacturing Industry Roadmap, and it aligns with the national goal to increase competitiveness and innovation in key sectors. It provides a strategic framework that encourages investments, facilitates R&D, and promotes environmentally sustainable practices within the industry. Additionally, the government offers incentives under the Board of Investments (BOI) to attract foreign investors and enhance local production capabilities. These incentives include income tax holidays, duty-free importation of equipment, and non-fiscal support such as simplifying business registration and licensing procedures.
In the Philippines Acrylic Ester Industry, companies like BASF Philippines and other chemical manufacturers might play a significant role. These companies could be involved in producing acrylic esters used in various applications, including coatings, adhesives, and textiles.
Philippines Acrylic Ester Market is poised for further expansion. The increasing awareness of bio-based products is expected to drive the demand for eco-friendly acrylic esters, aligning with global sustainability trends. Innovations in product development, particularly in water-based acrylic esters which offer lower VOC emissions, are likely to provide growth opportunities within the sector. Additionally, with ongoing infrastructure developments and a growing middle-class population, the consumption patterns are expected to evolve, further enhancing the market potential. However, the market also faces challenges such as price volatility of raw materials and competition from other economies.
According to Shivani, Senior Research Analyst, 6Wresearch, the 2-EH Acrylate segment is emerging as a particularly dynamic area of growth owing to its versatility and superior performance in coatings and adhesives. This trend corresponds with the burgeoning sectors of automotive and industrial coatings where 2-EH Acrylate's properties are highly valued.
By Application, the Surface Coatings segment registers significant growth and forecast to dominate the Philippines Acrylic Ester Market Share owing to the sector's recovery in the post-pandemic era and the persistent expansion in industrial and residential construction projects.
The report offers a comprehensive study of the subsequent market segments:
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 Philippines Acrylic ester Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Acrylic ester Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Acrylic ester Market - Industry Life Cycle |
3.4 Philippines Acrylic ester Market - Porter's Five Forces |
3.5 Philippines Acrylic ester Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Acrylic ester Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Acrylic ester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Acrylic ester Market Trends |
6 Philippines Acrylic ester Market, By Types |
6.1 Philippines Acrylic ester Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Acrylic ester Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Acrylic ester Market Revenues & Volume, By Methyl Acrylate, 2021 - 2031F |
6.1.4 Philippines Acrylic ester Market Revenues & Volume, By Ethyl Acrylate, 2021 - 2031F |
6.1.5 Philippines Acrylic ester Market Revenues & Volume, By Butyl Acrylate, 2021 - 2031F |
6.1.6 Philippines Acrylic ester Market Revenues & Volume, By 2-EH Acrylate, 2021 - 2031F |
6.1.7 Philippines Acrylic ester Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Philippines Acrylic ester Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Acrylic ester Market Revenues & Volume, By Surface Coatings, 2021 - 2031F |
6.2.3 Philippines Acrylic ester Market Revenues & Volume, By Adhesives and Sealants, 2021 - 2031F |
6.2.4 Philippines Acrylic ester Market Revenues & Volume, By Plastic additives, 2021 - 2031F |
6.2.5 Philippines Acrylic ester Market Revenues & Volume, By Detergents, 2021 - 2031F |
6.2.6 Philippines Acrylic ester Market Revenues & Volume, By Textiles, 2021 - 2031F |
7 Philippines Acrylic ester Market Import-Export Trade Statistics |
7.1 Philippines Acrylic ester Market Export to Major Countries |
7.2 Philippines Acrylic ester Market Imports from Major Countries |
8 Philippines Acrylic ester Market Key Performance Indicators |
9 Philippines Acrylic ester Market - Opportunity Assessment |
9.1 Philippines Acrylic ester Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Acrylic ester Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Acrylic ester Market - Competitive Landscape |
10.1 Philippines Acrylic ester Market Revenue Share, By Companies, 2024 |
10.2 Philippines Acrylic ester Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |