What is the Acrylate Market Size?
According to 6Wresearch internal database and industry insights, the
Global Acrylate Market was valued at USD 11.9 billion in 2024 and is anticipated to exceed USD 17.5 billion by 2031, registering a steady at a CAGR of 5% during the forecast period.
The acrylate market is steadily expanding, given its wide-ranging use in such areas as adhesives, paints, textiles, and plastics. Demand is expected to grow in the construction, automotive, and packaging industries due to the fast-curing and weather-resistant properties of acrylate-based materials. Amplified automation and the improvement of polymer synthesis expertise will continue to boost the presentation of acrylate-based products.
Major Growth Factors of the Acrylate Industry
- Expanding automotive production
- Growing demand in paints and coatings
- Rising construction activities
- Increasing use in adhesives and sealants
- Surge in packaging industry demand
- Urbanization and infrastructure growth
- Technological advancements in polymer applications
Acrylate Market Trends
The acrylate market is transitioning toward more environmentally sustainable and low VOC formulations, with manufacturers focused on developing sustainable and bio-based alternatives. There is also a trend towards high-performance acrylate polymers with durability and flexibility. Demand is primarily increasing from emerging economies where infrastructure and industrial growth is rapid.
Emerging Developments in the Acrylate Industry
This market experiencing innovations in bio-acrylate production technologies that will pull away from petrochemical sources. Research into smart coatings and high-strength adhesives is growing. Key players will shape the bio-acrylate market as they engage in strategic partnerships, increase production capacity and invest in R&D.
Major Companies in the Acrylate Industry
- Arkema S.A.
- BASF SE
- Mitsubishi Chemical Group
- Dow Chemical Company
- LG Chem
- Sasol Limited
- Evonik Industries AG
- Nippon Shokubai Co., Ltd.
How big is the acrylate market : FAQ's
The acrylate market is projected to grow from USD 11.9 billion in 2024 to USD 17.5 billion by 2031.
The acrylate market is expected to grow at a CAGR of 5.0% during the forecast period.
Industries such as construction, automotive, packaging, and paints & coatings are major growth drivers.
Key companies include BASF SE, Arkema, Dow, Mitsubishi Chemical, and LG Chem.
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