The Worldwide Butyl Acrylate Industry is Expected to Reach $4.6 Billion by 2028 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Butyl Acrylate Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.

The market is projected to reach $4,608.06 million by 2028 from $3,356.74 million in 2021; it is expected to register a CAGR of 4.6% from 2021 to 2028.

Growing investment in the building & construction sector and increasing sales of the automotive industry are the key factors attributed to the growth of the butyl acrylate market over the forecast period. In addition, the rise in the need for water-based coatings is augmenting the market growth over the forecast period.

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 growth of the adhesives and sealants segment is attributed to its broad scope of application in the automotive industry for heat exchanger sealing, core plug sealing, automotive hose bonding, and filter end cap bonding. It is also used in the electronic industry for various applications such as switches and relays, potting and sealing electrical components, sensors, and bonding electric motors.

The butyl acrylate market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific countries such as Australia, China, India, and Japan have many manufacturing industries, including automotive, building & construction, paper & pulp, and textile. China is the largest consumer of butyl acrylate, owing to the increasing usage of paints, coatings, sealants, and adhesives from the building and construction industry. The growth of the butyl acrylate market in APAC can be attributed to the rising investment in building and construction projects, including smart cities, sustainable infrastructure, and commercial complexes in India, China, and Japan.

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the butyl acrylate market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Market Dynamics

Drivers

• Growing Construction Sector
• Rising demand for Coatings from the Automotive Industry

Restraints

• Health Hazard and Regulations

Opportunities

• Rising Demand for Paints and Coatings for Road Infrastructure

Future Trends

• Adoption of Sustainable Development Methods

Companies Mentioned

• 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

For more information about this report visit https://www.researchandmarkets.com/r/azmmqn

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