Global Acrylate Market Analysis, 2013-2023
発行: Market Krystal
ページ情報: 英文 90 Pages
Acrylate products are used in numerous industries around the world like polishes, paint, printing and dyeing, adhesives and textiles. Butyl acrylate is the most demanded acrylate among the group because it is the one needed in most of the industries that use acrylate. 2-Ethylhexyl acrylate is also a popular variant and quite widespread in its use.
The report on global acrylate market presents the crux of over 230 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the acrylate industry value chain coupled with exhaustive secondary and primary research.
As per the report, the global acrylate market was valued at US $ XXX billion in the year 2017, which is a considerable XXX% increase in growth from what was its value in 2015. As per the study, the market value is expected to touch US $ XXX billion by 2023 which translates into a CAGR of XXX% during 2017-2023.
The main reason behind the increasing demand of acrylate on a global basis is the growing standard of living of people across all countries. It is used in most of the end-use consumer products and the demand for acrylate is linked to the demand for all those commodities. Paints and packaging are the two most prominent industries where acrylate is used. Automobiles, plastics, and paper industries have their contribution to the boom as well. Additionally, the boom in the real estate business is a bonus because the construction projects are always in need of paints, varnishes, polymers and so on.
Then, there are roadblocks in the path of success for the global acrylate industry as well in the form of strict government guidelines for its usage in products like textile and house paints, and people are going for more and more organic substances for fear of the harmful effects of chemicals.
The whole Asia Pacific region is witnessing a lot of construction across major countries like India, China, Japan and the South-East Asian countries, thanks to the booming hospitality and entertainment industries. Thus, the Asia Pacific region is the largest growing market for acrylate products, though Europe leads the manufacturing right now. The key corporations who have been influencing the acrylate market globally are Arkema and the Dow Chemical Company.
At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.
Hence, the global acrylate market is segmented based on type (Methyl acrylate, ethyl acrylate, butyl acrylate), application (Adhesives, fabrics, paints & coatings), end-user (Consumer goods, packaging, automotive, construction) and geography (North America, Europe, Asia-Pacific, Middle East, Latin America). All the acrylates were mapped with applications in different end-use industry across the globe and findings were later integrated for a consolidated report.
Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 3600 view of the industry dynamic.