H1 2023: Ethyl Acrylate’s largest consumer was Asia Pacific region in H1 2023 on the basis of region. In the first three months of 2023, Ethyl Acrylate prices in the Asian market were de-escalated. Due to a decline in the demand for acrylic acid in the Chinese market and an increase in acrylate shipments at the beginning of H1 2023, the merchants had adequate supplies. Despite decreasing demand, firms kept the same levels of production in order to hold onto market share. Due to growing competition in the market for Ethyl Acrylate, the local merchants made an effort to maintain a lower quotation by lowering the price of their goods. Ethyl Acrylate was searching for the rebalancing of supply and demand as well as the declining trend of buying in China. Also, the price of ethylene acetate in the Japanese market. The product's inventory level increased with the merchants in the market as a result of the traders' rising consumption. Since the beginning of May ethyl acrylate prices in the Japanese market steadily declined. The decreased demand and plenty of the goods on the market were blamed for the price drop. Because the manufacturing rates remained unchanged despite the decline in demand, inventories increased in the Japanese market. As a result, the final retailers were compelled to offer their goods at reduced costs, which contributed to the decrease in ethyl acrylic acid prices.
The global Ethyl Acrylate market stood at approximately 154 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.42% during the forecast period until 2032.
Ethyl acrylate is produced by esterifying acrylic acid or by combining ethanol and vinyl acetate. The versatility of ethyl acrylate, a monomer, is used in the creation of textile coverings, adhesives, paints, and polymers. Additionally, ethyl acrylate's excellent solubility in alcohols, ethers, and other common organic solvents is contributing to its rising popularity. The demand for ethyl acrylate is primarily driven by its use in emulsion-based polymers. Adhesives and sealants are widely utilized in the construction, automotive, and packaging industries. Since ethyl acrylate is a key component of many adhesives and sealants, which are highly sought after in the aforementioned industries, it is in great demand. Ethyl acrylate is used as a basic material to make a wide variety of paints and coatings. Moreover, acrylic resins, which are widely utilized in paint and coating applications, are made from ethyl acrylate as a raw ingredient. Ethyl acrylate is a substance that is frequently utilized in the production of copolymers and polymers for usage in textiles, paints, plastics, and latex products. The main applications for ethyl acrylate are in the production of copolymers and homopolymers. Methacrylic acid, methacrylates, acrylonitrile, styrene, maleic acid esters, vinyl acetate, vinyl chloride, butadiene, unsaturated polyesters, and other substances can all be copolymerized with ethyl acrylate.
The packaging industry's growing use of adhesives and sealants is another factor driving the need for ethyl acrylate. The market for adhesives and sealants is anticipated to be driven by the expanding e-commerce trend and the growing demand for packaged goods. These factors will also likely fuel the demand for ethyl acrylate. Paints and coatings made from ethyl acrylate are used in a variety of industries, such as industrial, building, and automotive coatings. Demand for ethyl acrylate is largely driven by paints & coatings worldwide. The global Ethyl Acrylate market is anticipated to touch roughly 240 thousand tonnes by 2032.
Due to the abundance of producers and the rising demand for products containing ethyl acrylate in the area, the Asia-Pacific region leads the world market for ethyl acrylate. The world’s top producers of ethyl acrylate, are located in China, India, and Japan. The main application for ethyl acrylate is in the synthesis of emulsion-base polymers. Acrylic resins are made by manufacturers and can be applied as paints, coatings, or latex products. The growing demand of paints of coatings for automotives and infrastructure is likely to drive the ethyl acrylate market in Asia Pacific region .
Based on the end-user industry, the global Ethyl Acrylate market is divided into Paints & Coatings, Leather Industry, Textiles industry, Packaging Paper, and Others. Among these, Paints & Coatings is the major segment and held about 49% of the global Ethyl Acrylate market in 2022. Ethyl Acrylate It is mostly utilized in denture materials, textiles, acrylic fibers, leather goods, polyacrylate elastomers, and acrylic rubber. It can be used as an adhesive for envelopes and labels, as well as a coating for the majority of household objects, including books, magazines, frozen food packages, and fragrance additives.
Major players in the Global Ethyl Acrylate market are BASF SE, DOW Chemical Company, Evonik Industries, Saudi Acrylic Monomer Company Limited, Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd Polysciences, Inc, Formosa Plastics Corporation and Synthomer.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Ethyl Acrylate which covers production, demand and supply of Ethyl Acrylate market in the globe.
• To analyse and forecast the market size of Ethyl Acrylate
• To classify and forecast Global Ethyl Acrylate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethyl Acrylate market in the globe.
To extract data for Global Ethyl Acrylate market, primary research surveys were conducted with Ethyl Acrylate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethyl Acrylate market over the coming years.
ChemAnalyst calculated Ethyl Acrylate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Ethyl Acrylate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethyl Acrylate manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethyl Acrylate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethyl Acrylate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethyl Acrylate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
154 thousand tonnes
Market size Volume in 2032
240 thousand tonnes
Growth Rate
CAGR of 4.42% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paints & Coatings, Leather Industry, Textiles industry, Packaging Paper, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ethyl Acrylate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Ethyl Acrylate.
3. Capacity By Location
To better understand the regional supply of Ethyl Acrylate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Ethyl Acrylate by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Paints & Coatings, Leather Industry, Textiles industry, Packaging Paper, and Others) are creating a market and the forecast for the growth of the Ethyl Acrylate market.
7. Demand by Region
Analyzing the change in demand of Ethyl Acrylate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Ethyl Acrylate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ethyl Acrylate.
10. Company Share
Figure out what proportion of the market share of Ethyl Acrylate is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Ethyl Acrylate.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Ethyl Acrylate in terms of volume in 2022?
Ans:
The global market size of Ethyl Acrylate has reached approximately 154 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Ethyl Acrylate?
Ans:
Asia Pacific region is the leading consumer of Ethyl Acrylate globally.
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