Butyl Acrylate Market Size, Share and Industry Trends -2028
The Butyl Acrylate market is projected to reach US$ 4,608.06 million by 2028 from US$ 3,356.74 million in 2021; it is expected to register a CAGR of 4.6% from 2021 to 2028.
There is a significant increase in demand for butyl acrylate due to the growing requirement for adhesives, coatings, paints, and sealants from automotive and construction industries. The growing investment in the chemical industry and increasing demand for water-based coatings for applications such as coating for interiors of fly ash hoppers, coal cars, plastic pellet hoppers, refuse containers, trucks, and architectural and printing inks is driving the market. Butyl acrylate is used to produce copolymers and flexible acrylic polymers, which are used in adhesives, caulks, and sealants. The butyl acrylate used in polymer helps to improve tack, impact resistance, flexibility, and overall durability. It is used in various applications such as acrylic resins, packaging adhesives, structural adhesives, latex paints, caulks & sealants, concrete coatings, and elastomeric coatings.
The Butyl Acrylate market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Many Asia Pacific countries, including Australia, China, India, and Japan, have many manufacturing industries such as building & construction, automotive, and textile. China is the largest consumer of butyl acrylate, owing to the increasing usage of paints, coatings, sealants, and adhesives from the building & construction industry. Countries in Asia Pacific such as Japan and India are significantly investing in building and constructional activities such as building sustainable infrastructure, smart cities, commercial complexes, and residential buildings. The increasing investment in the industrial sector is also accelerating market growth. Thus, countries in Asia Pacific are expected to drive the butyl acrylate market over the forecast period.
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Butyl Acrylate Market: Strategic Insights
Market Size Value in US$ 3,356.74 million in 2021 Market Size Value by US$ 4,608.06 million by 2028 Growth rate CAGR of 4.6% from 2021 to 2028. Forecast Period 2021-2028 Base Year 2021
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Butyl Acrylate Market: Strategic Insights
| Market Size Value in | US$ 3,356.74 million in 2021 |
| Market Size Value by | US$ 4,608.06 million by 2028 |
| Growth rate | CAGR of 4.6% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Butyl Acrylate Market
The COVID-19 pandemic drastically altered the status of the chemical & materials sector and negatively impacted the growth of the butyl acrylate market. The implementation of measures to combat the spread of the virus aggravated the situation and impacted the growth of several industrial sectors. The sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries impacted industries such as automotive, construction, and packaging. The significant decline in the growth of several industrial sectors significantly impacted the demand for butyl acrylate in the global market. Due to the COVID-19 pandemic, the market dynamics had negatively influenced the supply and demand trend for the butyl acrylate market. The chemical industry witnessed disruptions and production declines since February 2020. The chemical manufacturers are planning to make well-informed strategic changes and restructure the businesses to cater to the uneven demand scenario until the threat of the pandemic is over and industry dynamics return to pre-outbreak levels.
Market Insights
Growth in Construction Industry
The increasing investment in the building & construction industry augments the usage of adhesives, paints, and sealants, which helps drive the butyl acrylate market. The growth of the butyl acrylate market is primarily attributed to the increase in urbanization rate, which gives rise to a large number of construction projects. For instance, in April 2021, DuPont announced an investment of around US$ 30 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province, in East China. In addition, in December 2020, the government of Brazil planned to invest US$ 27 billion in building infrastructure, which includes highway, port, railway, and airport segments. Furthermore, the Government of Chile had planned to increase the number of construction projects with an investment worth US$ 5.2 billion. Thus, booming investment in the building & construction industry is augmenting the usage of paints, coatings, and adhesives, which is anticipated to drive the market.
Application Insights
Based on application, the butyl acrylate market is segmented into paints and coatings, adhesives and sealants, chemical synthesis, plastic additives, textiles, and others. The paints and coatings segment is anticipated to grow, owing to the growing investment in automotive and building & construction industries. The adhesives and sealants segment is also anticipated to grow, owing to the increasing usage in automotive hose bonding, core plug sealing, heat exchanger sealing, and filter end cap bonding, among other applications, which is expected to drive the butyl acrylate market over the forecast period.
The key players operating in the butyl acrylate market include EXXON MOBIL CORPORATION; Arkema; Mitsubishi Chemical Corporation; OSWAL UDHYOG; NIPPON SHOKUBAI CO., LTD.; Indenta Chemicals Pvt. Ltd.; TCI Chemicals Pvt. Ltd.; Wanhua Chemical Group Co., Ltd.; LyondellBasell Industries Holdings B.V.; and Sasol. The key companies adopt strategies such as mergers and acquisitions and research and development to expand their customer base and gain significant share in the global market, allowing them to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the butyl acrylate market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the butyl acrylate market from 2018 to 2028
- Estimation of global demand for butyl acrylate
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the butyl acrylate market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the butyl acrylate market size at various nodes
- Detailed overview and segmentation of the market, as well as the butyl acrylate industry dynamics
- Size of the butyl acrylate market in various regions with promising growth opportunities
Butyl Acrylate Market – by Application
Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Plastic Additives, Textiles, and Others
Butyl Acrylate Market Report Scope
Company Profiles
- EXXON MOBIL CORPORATION
- Arkema
- Mitsubishi Chemical Corporation
- OSWAL UDHYOG
- NIPPON SHOKUBAI CO., LTD.
- Indenta Chemicals Pvt. Ltd.
- TCI Chemicals Pvt. Ltd.
- Wanhua Chemical Group Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Sasol
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing usage of butyl acrylate in paints, coatings, adhesives and sealants in building & construction industry along with growing production of automotive are the key factors driving the market growth over the forecast period. With the growing expansion of building & construction industry wherein paints, coatings and sealants have gained significant momentum is fueling the butyl acrylate market over the projected period. Growing investment in automotive industry owing to rise in awareness for emission free vehicles is augmenting the automotive production which is further driving the market growth.
In 2020, China held the largest market share in the global butyl acrylate market. China is the world’s largest vehicle market across the globe, as per the International Trade Administration (ITA). The Chinese government has taken several initiatives for automobile manufacturers for augmenting the production capacity of the country to 35 million by 2025. The growing prospects of construction industry in China is further fueling the market growth. For instance, in 2019, the government of China had invested US$ 1.9 billion in 13 public housing projects. Thus, increasing construction activities and automotive production is anticipated to propel the butyl acrylate market in China in the coming years.
Development of bio based butyl acrylate, wherein leading research institutes are working to make it more sustainable is trending the market dynamics. In addition, growing production of automotive in post pandemic scenario is also trending the market outlook during the forecast period.
In 2020, the paints and coatings segment accounted for the largest market share. The growth of the segment is primarily attributed to high quality and durable acrylic emulsions which have revolutionized the paint industry. The usage of butyl acrylate in solvent-born coatings, interior and exterior water-based paints, emulsion paints, and printing inks for applications that requires quick drying rates such as auto based lacquers and industrial coatings. Thus, wide scope application of paints and coatings across vertical of industries is driving the butyl acrylate market growth over the forecast period.
The major players operating in the global butyl acrylate market are EXXON MOBIL CORPORATION; Arkema; Mitsubishi Chemical Corporation; OSWAL UDHYOG; NIPPON SHOKUBAI CO., LTD.; Indenta Chemicals Pvt. Ltd.; TCI Chemicals Pvt. Ltd.; Wanhua Chemical Group Co., Ltd.; LyondellBasell Industries Holdings B.V. and Sasol.
In 2020, Asia Pacific accounted for the largest share of the global butyl acrylate market. Increasing investment in construction & automotive industry has propelled the demand of butyl acrylate in the region. In addition, growing investments by governments in infrastructural development projects such as smart cities, sustainable infrastructure, airports, and public transit systems is driving the demand for butyl acrylate in Asia Pacific region.
1. Introduction. 15
1.1 Study Scope. 15
1.2 The Insight Partners Research Report Guidance. 15
1.3 Market Segmentation. 16
2. Key Takeaways. 18
3. Research Methodology. 22
3.1 Scope of the Study. 22
3.2 Research Methodology. 22
3.2.1 Data Collection: 23
3.2.2 Primary Interviews: 23
3.2.3 Hypothesis formulation: 24
3.2.4 Macro-economic factor analysis: 24
3.2.5 Developing base number: 24
3.2.6 Data Triangulation: 24
3.2.7 Country level data: 25
4. Butyl Acrylate Market Landscape. 26
4.1 Market Overview.. 26
4.2 Porter’s Five Forces Analysis. 27
4.2.1 Bargaining Power of Suppliers. 27
4.2.2 Bargaining Power of Buyers. 28
4.2.3 Threat of Substitutes. 28
4.2.4 Threat of New Entrants. 28
4.2.5 Intensity of Competitive Rivalry. 28
4.3 Expert Opinion. 29
4.4 Ecosystem Analysis. 29
5. Butyl Acrylate Market – Key Market Dynamics. 31
5.1 Market Drivers. 31
5.1.1 Growing Construction Sector 31
5.1.2 Rising demand for Coatings from the Automotive Industry. 31
5.2 Market Restraints. 31
5.2.1 Health Hazard and Regulations. 31
5.3 Market Opportunities. 32
5.3.1 Rising Demand for Paints and Coatings for Road Infrastructure. 32
5.4 Future Trends. 32
5.4.1 Adoption of Sustainable Development Methods. 32
5.5 Impact Analysis of Drivers and Restraints. 33
6. Butyl Acrylate – Global Market Analysis. 34
6.1 Butyl Acrylate Market Overview.. 34
6.2 Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 36
6.3 Market Positioning - Butyl Acrylate Market Players. 36
7. Butyl Acrylate Market Analysis – By Application. 38
7.1 Overview.. 38
7.2 Butyl Acrylate Market, By Application (2020 and 2028) 38
7.3 Paints and Coatings. 38
7.3.1 Overview.. 38
7.3.2 Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 39
7.4 Adhesives and Sealants. 39
7.4.1 Overview.. 39
7.4.2 Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 39
7.5 Chemical Synthesis. 41
7.5.1 Overview.. 41
7.5.2 Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 41
7.6 Plastic Additives. 42
7.6.1 Overview.. 42
7.6.2 Plastic Additives: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 42
7.7 Textiles. 43
7.7.1 Overview.. 43
7.7.2 Textiles: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 43
7.8 Others. 44
7.8.1 Overview.. 44
7.8.2 Others: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 44
8. Butyl Acrylate Market – Geographic Analysis. 45
8.1 Overview.. 45
8.2 North America: Butyl Acrylate Market 45
8.2.1 North America: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 46
8.2.2 North America: Butyl Acrylate Market, by Application. 47
8.2.3 North America: Butyl Acrylate Market, by Key Country. 48
8.2.3.1 US: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 48
8.2.3.1.1 US: Butyl Acrylate Market, by Application. 49
8.2.3.2 Canada: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 50
8.2.3.2.1 Canada: Butyl Acrylate Market, by Application. 51
8.3 Europe: Butyl Acrylate Market 52
8.3.1 Europe: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 53
8.3.2 Europe: Butyl Acrylate Market, by Application. 53
8.3.3 Europe: Butyl Acrylate Market, by Key Country. 54
8.3.3.1 Germany: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 55
8.3.3.1.1 Germany: Butyl Acrylate Market, by Application. 56
8.3.3.2 France: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 56
8.3.3.2.1 France: Butyl Acrylate Market, by Application. 57
8.3.3.3 Italy: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 58
8.3.3.3.1 Italy: Butyl Acrylate Market, by Application. 59
8.3.3.4 UK: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 59
8.3.3.4.1 UK: Butyl Acrylate Market, by Application. 60
8.3.3.5 Russia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 61
8.3.3.5.1 Russia: Butyl Acrylate Market, by Application. 61
8.3.3.6 Rest of Europe: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 62
8.3.3.6.1 Rest of Europe: Butyl Acrylate Market, by Application. 63
8.4 Asia Pacific: Butyl Acrylate market 64
8.4.1 Asia Pacific: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 64
8.4.2 Asia Pacific: Butyl Acrylate Market, by Application. 65
8.4.3 Asia Pacific: Butyl Acrylate Market, by Key Country. 66
8.4.3.1 India: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 66
8.4.3.1.1 India: Butyl Acrylate Market, by Application. 67
8.4.3.2 Australia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 68
8.4.3.2.1 Australia: Butyl Acrylate Market, by Application. 69
8.4.3.3 China: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 69
8.4.3.3.1 China: Butyl Acrylate Market, by Application. 70
8.4.3.4 Japan: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 71
8.4.3.4.1 Japan: Butyl Acrylate Market, by Application. 72
8.4.3.5 South Korea: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 72
8.4.3.5.1 South Korea: Butyl Acrylate Market, by Application. 73
8.4.3.6 Rest of Asia Pacific: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 74
8.4.3.6.1 Rest of Asia Pacific: Butyl Acrylate Market, by Application. 74
8.5 Middle East and Africa: Butyl Acrylate Market 76
8.5.1 Middle East and Africa: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 76
8.5.2 Middle East and Africa: Butyl Acrylate Market, by Application. 77
8.5.3 Middle East and Africa: Butyl Acrylate Market, by Key Country. 78
8.5.3.1 South Africa: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 78
8.5.3.1.1 South Africa: Butyl Acrylate Market, by Application. 79
8.5.3.2 Saudi Arabia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 80
8.5.3.2.1 Saudi Arabia: Butyl Acrylate Market, by Application. 81
8.5.3.3 UAE: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 81
8.5.3.3.1 UAE: Butyl Acrylate Market, by Application. 82
8.5.3.4 Rest of MEA: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 83
8.5.3.4.1 Rest of Middle East and Africa: Butyl Acrylate Market, by Application. 83
8.6 Latin America: Butyl Acrylate Market 85
8.6.1 Latin America: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 86
8.6.2 Latin America: Butyl Acrylate Market, By Application. 86
8.6.3 Latin America: Butyl Acrylate Market, by Key Country. 87
8.6.3.1 Brazil: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 88
8.6.3.1.1 Brazil: Butyl Acrylate Market, by Application. 89
8.6.3.2 Argentina: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 90
8.6.3.2.1 Argentina: Butyl Acrylate Market, by Application. 90
8.6.3.3 Chile: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 91
8.6.3.3.1 Chile: Butyl Acrylate Market, by Application. 92
8.6.3.4 Colombia: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 92
8.6.3.4.1 Colombia: Butyl Acrylate Market, by Application. 93
8.6.3.5 Mexico: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 94
8.6.3.5.1 Mexico: Butyl Acrylate Market, by Application. 95
8.6.3.6 Rest of Latin America: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 95
8.6.3.6.1 Rest of Latin America: Butyl Acrylate Market, by Application. 96
9. Impact of COVID-19: Butyl Acrylate Market 97
9.1 Overview – Impact of COVID-19. 97
9.2 North America: Impact Assessment of COVID-19 Pandemic. 97
9.3 Europe: Impact Assessment of COVID-19 Pandemic. 99
9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 100
9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 101
9.6 South America: Impact Assessment of COVID-19 Pandemic. 102
10. Company Profiles. 103
10.1 EXXON MOBIL CORPORATION.. 103
10.1.1 Key Facts. 103
10.1.2 Business Description. 103
10.1.3 Products and Services. 103
10.1.4 Financial Overview.. 104
10.1.5 SWOT Analysis. 104
10.1.6 Key Developments. 104
10.2 Arkema. 105
10.2.1 Key Facts. 105
10.2.2 Business Description. 105
10.2.3 Products and Services. 105
10.2.4 Financial Overview.. 106
10.2.5 SWOT Analysis. 107
10.2.6 Key Developments. 108
10.3 Mitsubishi Chemical Corporation. 109
10.3.1 Key Facts. 109
10.3.2 Business Description. 109
10.3.3 Products and Services. 109
10.3.4 Financial Overview.. 110
10.3.5 SWOT Analysis. 110
10.3.6 Key Developments. 111
10.4 OSWAL UDHYOG.. 112
10.4.1 Key Facts. 112
10.4.2 Business Description. 112
10.4.3 Products and Services. 112
10.4.4 Financial Overview.. 113
10.4.5 SWOT Analysis. 114
10.4.6 Key Developments. 114
10.5 NIPPON SHOKUBAI CO., LTD. 115
10.5.1 Key Facts. 115
10.5.2 Business Description. 115
10.5.3 Products and Services. 115
10.5.4 Financial Overview.. 116
10.5.5 SWOT Analysis. 117
10.5.6 Key Developments. 118
10.6 Indenta Chemicals Pvt. Ltd. 119
10.6.1 Key Facts. 119
10.6.2 Business Description. 119
10.6.3 Products and Services. 119
10.6.4 Financial Overview.. 120
10.6.5 SWOT Analysis. 121
10.6.6 Key Developments. 121
10.7 TCI Chemicals Pvt. Ltd. 122
10.7.1 Key Facts. 122
10.7.2 Business Description. 122
10.7.3 Products and Services. 122
10.7.4 Financial Overview.. 122
10.7.5 SWOT Analysis. 123
10.7.6 Key Developments. 123
10.8 Wanhua Chemical Group Co., Ltd. 124
10.8.1 Key Facts. 124
10.8.2 Business Description. 124
10.8.3 Products and Services. 124
10.8.4 Financial Overview.. 124
10.8.5 SWOT Analysis. 125
10.8.6 Key Developments. 125
10.9 LyondellBasell Industries Holdings B.V. 126
10.9.1 Key Facts. 126
10.9.2 Business Description. 126
10.9.3 Products and Services. 126
10.9.4 Financial Overview.. 127
10.9.5 SWOT Analysis. 129
10.9.6 Key Developments. 129
10.10 SASOL. 131
10.10.1 Key Facts. 131
10.10.2 Business Description. 131
10.10.3 Products and Services. 131
10.10.4 Financial Overview.. 132
10.10.5 SWOT Analysis. 133
10.10.6 Key Developments. 133
11. Appendix. 134
11.1 About The Insight Partners. 134
11.2 Glossary
. 134
LIST OF TABLES
Table 1. Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 36
Table 2. North America Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 47
Table 3. US Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 49
Table 4. Canada Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 51
Table 5. Europe Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 54
Table 6. Germany Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 56
Table 7. France Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 57
Table 8. Italy Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 59
Table 9. UK Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 60
Table 10. Russia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 61
Table 11. Rest of Europe Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 63
Table 12. Asia Pacific Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 65
Table 13. India Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 67
Table 14. Australia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 69
Table 15. China Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 70
Table 16. Japan Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 72
Table 17. South Korea Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 73
Table 18. Rest of Asia Pacific Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 74
Table 19. Middle East and Africa Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 77
Table 20. South Africa Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 79
Table 21. Saudi Arabia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 81
Table 22. UAE Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 82
Table 23. Rest of Middle East and Africa Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 83
Table 24. Latin America Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 87
Table 25. Latin America Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 88
Table 26. Brazil Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 89
Table 27. Argentina Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 90
Table 28. Chile Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 92
Table 29. Colombia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 93
Table 30. Mexico Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 95
Table 31. Rest of Latin America Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million) 96
Table 32. Glossary of Terms, Global Butyl Acrylate Market 134
LIST OF FIGURES
Figure 1. Butyl Acrylate Market Segmentation. 16
Figure 2. Butyl Acrylate Market Segmentation – By Geography. 17
Figure 3. Global Butyl Acrylate Market Overview.. 18
Figure 4. Paints and Coatings Segment Held the Largest Share of the Global Butyl Acrylate Market 19
Figure 5. Asia-Pacific Region Held Largest Share of Global Butyl Acrylate Market 20
Figure 6. Global Butyl Acrylate Market, Key Market Players. 21
Figure 7. Porter ‘s Five Forces Analysis for Butyl Acrylate Market 27
Figure 8. Expert Opinion. 29
Figure 9. Butyl Acrylate Market– Ecosystem Analysis. 29
Figure 10. Global Float Glass Market Impact Analysis of Drivers and Restraints. 33
Figure 11. Geographic Overview of Butyl Acrylate Market 35
Figure 12. Global: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 36
Figure 13. Butyl Acrylate Market Revenue Share, By Application (2020 and 2028) 38
Figure 14. Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 39
Figure 15. Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 39
Figure 16. Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 41
Figure 17. Plastic Additives: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 42
Figure 18. Textiles: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 43
Figure 19. Others: Butyl Acrylate Market – Revenue and Forecast To 2028 (US$ Million) 44
Figure 20. Global Butyl Acrylate Market Revenue Share, By Region (2020 and 2028) 45
Figure 21. North America: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 46
Figure 22. North America: Butyl Acrylate Market Revenue Share, by Application (2020 and 2028) 47
Figure 23. North America: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028) 48
Figure 24. US: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 48
Figure 25. Canada: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 26. Europe: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 53
Figure 27. Europe: Butyl Acrylate Market Revenue Share, by Application (2020 and 2028) 53
Figure 28. Europe: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028) 54
Figure 29. Germany: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 55
Figure 30. France: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 56
Figure 31. Italy: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 58
Figure 32. UK: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 59
Figure 33. Russia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 61
Figure 34. Rest of Europe: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 62
Figure 35. Asia Pacific: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 64
Figure 36. Asia Pacific: Butyl Acrylate Market Revenue Share, by Application (2020 and 2028) 65
Figure 37. Asia Pacific: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028) 66
Figure 38. India: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 66
Figure 39. Australia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 68
Figure 40. China: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 69
Figure 41. Japan: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 42. South Korea: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 72
Figure 43. Rest of Asia Pacific: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 74
Figure 44. Middle East and Africa: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 45. Middle East and Africa: Butyl Acrylate Market Revenue Share, by Application (2020 and 2028) 77
Figure 46. Middle East and Africa: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028) 78
Figure 47. South Africa: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 78
Figure 48. Saudi Arabia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 80
Figure 49. UAE: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 81
Figure 50. Rest of MEA: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 51. Latin America: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 86
Figure 52. Latin America: Butyl Acrylate Market Revenue Share, by Application (2020 and 2028) 86
Figure 53. Latin America: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028) 87
Figure 54. Brazil: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 88
Figure 55. Argentina: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million) 90
Figure 56. Chile: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 91
Figure 57. Colombia: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 92
Figure 58. Mexico: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 94
Figure 59. Rest of Latin America: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 60. Impact of COVID-19 Pandemic on Butyl Acrylate Market in North America. 98
Figure 61. Impact of COVID-19 Pandemic on Butyl Acrylate Market in Europe. 99
Figure 62. Impact of COVID-19 Pandemic on Butyl Acrylate Market in Asia Pacific. 100
Figure 63. Impact of COVID-19 Pandemic on Butyl Acrylate in Middle East and Africa. 101
Figure 64. Impact of COVID-19 Pandemic on Butyl Acrylate in South America. 102
The List of Companies - Butyl Acrylate Market
- EXXON MOBIL CORPORATION
- Arkema
- Mitsubishi Chemical Corporation
- OSWAL UDHYOG
- NIPPON SHOKUBAI CO LTD
- Indenta Chemicals Pvt. Ltd
- TCI Chemicals Pvt. Ltd
- Wanhua Chemical Group Co., Ltd
- LyondellBasell Industries Holdings B.V.
- Sasol
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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