1 Global Butyl Acrylate Ester Market Outlook
The global Butyl Acrylate Ester market is projected to exhibit substantial growth in the coming years, with a CAGR of 4.04% from 2024 to 2033, reaching a total market size of $5680.83 million USD in 2024. Butyl Acrylate Ester falls under the category of unsaturated hydrocarbons. Butyl Acrylate Ester is available in clear colorless liquid and has a characteristic fruity odor, colorless and hygroscopic crystalline solid. Furthermore, the Butyl Acrylate Ester is soluble in organic solvents but shows limited solubility in water, also exhibits less density than water. Butyl Acrylate Ester can readily polymerize and further exhibits a wide range of properties depending upon the reaction condition and monomer selection. Butyl Acrylate Ester is manufactured and formulated by different processes and reactions such as carbon monoxide, nickel carbonyl, acetylene, and butyl alcohol react together to make Butyl Acrylate Ester. Commercially Butyl Acrylate Ester is available in different types and formulations and manufacturers tailor-made the formulation according to the end-user needs.
Figure Global Butyl Acrylate Ester Market Size and Growth Rate (2024-2033)
2 Butyl Acrylate Ester Market Growth Drivers and Constraints
The growth of the Butyl Acrylate Ester market is propelled by several driving factors. The product’s advantages, such as color stability, heat resistance, and weather resistance, make it ideal for a variety of applications, thus increasing its popularity in the construction and automotive industries. The rising GDP in developing countries fuels the demand for Butyl Acrylate Ester, particularly in adhesives and carpet backing compounds. However, the market is not without constraints. Intense competition among a large number of producers worldwide could hinder the industry’s sustainable development. The threat of substandard or duplicate products entering the market due to new entrants forces original manufacturers to lower prices, affecting profit margins. Additionally, restrictions on VOC emissions present a challenge to the market’s growth, as these emissions contribute to air pollution and health issues. Fluctuations in raw material prices, often due to global supply and demand changes, exchange rates, and natural disasters, can adversely affect the cost of sales and profitability.
3 Butyl Acrylate Ester Market Innovations and M&A Activities
In terms of technology innovation and corporate strategies, the Butyl Acrylate Ester market has seen significant activity. Companies are focusing on sustainable manufacturing processes to reduce the environmental impact and improve the efficiency of their products. This includes the adoption of innovative processing methods that enable the recycling of compounds, reducing both cost and potential hazards associated with their production and use. Mergers and acquisitions have also played a role in shaping the market landscape. For instance, BASF’s acquisition of Solvay’s polyamide business broadened its capabilities in engineering plastics solutions, particularly in the autonomous driving and e-mobility sectors. Similarly, Arkema’s acquisition of Polimeros Especiales, a leading emulsion resins producer in Mexico, aligns with its strategy to expand in growth markets and low-VOC solutions. These strategic moves not only enhance the companies’ market positions but also contribute to the overall technological advancement of the industry.
In conclusion, the Butyl Acrylate Ester market is set to experience substantial growth in the coming years, driven by technological innovation, expanding applications, and increasing demand from key industries. However, the market must navigate through challenges such as competition, environmental regulations, and raw material price volatility to maintain this growth trajectory. Companies operating in this space are advised to focus on research and development, new product introductions, and service innovation to gain a competitive edge and capture a larger market share.
4 Global Butyl Acrylate Ester Market Analysis by Type
In 2024, the global Butyl Acrylate Ester market is projected to demonstrate significant growth, with revenue forecasts highlighting the financial performance of the market segments based on purity levels. Specifically, the ‘Above 99.5%’ segment is anticipated to generate revenue of USD 4973.56 million, accounting for a substantial market share of 87.55%. This segment’s dominance is indicative of the premium value and high demand for ultra-pure Butyl Acrylate Ester in critical applications where purity is paramount, such as in the production of high-performance polymers, adhesives, and coatings within the construction and automotive industries.
Conversely, the ‘Below 99.5%’ segment is expected to contribute USD 707.26 million in revenue, capturing a market share of 12.45%. This segment caters to applications where a slightly lower purity level is acceptable, offering a more cost-effective solution for certain industrial uses.
These figures underscore the market’s segmentation by purity, reflecting the diverse requirements and preferences of end-users across various industries. The revenue and market share projections for 2024 provide a clear snapshot of the Butyl Acrylate Ester market’s financial landscape, highlighting the importance of purity as a differentiating factor in market segmentation.
Table Global Butyl Acrylate Ester Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Above 99.5% | 4973.56 | 87.55% |
Below 99.5% | 707.26 | 12.45% |
5 Global Butyl Acrylate Ester Market Analysis by Application
In 2024, the global Butyl Acrylate Ester market is anticipated to exhibit a robust growth trajectory, with revenue forecasts highlighting the financial performance across various applications. Here’s a breakdown of the revenue and market share for each application:
The Adhesives & Sealants segment is projected to generate the highest revenue, with USD 2016.90 million, capturing a significant market share of 35.50%. This segment’s dominance can be attributed to the surge in demand for water-based adhesives, driven by the steady increase in building and construction activities, particularly in North America, and the launch of new infrastructure projects in developing nations like India and Taiwan. These adhesives, known for their exceptional adhesion properties across diverse substrates, find extensive use in packaging applications, including bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding. The Asia Pacific region, leading in automobile production and with a growing demand for adhesives and sealants in the automotive and transportation industry, further bolsters this segment’s growth.
The Plastics segment is expected to contribute USD 472.81 million in revenue, with a market share of 8.32%. The growth in this segment is driven by the increasing use of butyl acrylate in the manufacturing of plastics, benefiting from its properties that enhance the durability and performance of plastic products.
The Paint & Coatings segment is projected to generate a revenue of USD 1921.18 million, holding a market share of 33.82%. This segment’s growth is supported by the rising demand for butyl acrylate in water-based coatings, which are increasingly replacing traditional solvent-based coatings due to environmental concerns and health regulations.
The Textiles segment is expected to contribute USD 548.61 million in revenue, capturing a market share of 9.66%. The use of butyl acrylate in the textile industry for applications such as cleaning products and paper finishes drives the revenue generation in this segment.
The Others segment, which includes consumer goods and water treatment, is projected to generate USD 721.33 million in revenue, with a market share of 12.70%. This segment benefits from the versatility of butyl acrylate ester in various niche applications outside the primary industries mentioned.
Table Global Butyl Acrylate Ester Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Adhesives & Sealants | 2016.90 | 35.50% |
Plastics | 472.81 | 8.32% |
Paint & Coatings | 1921.18 | 33.82% |
Textiles | 548.61 | 9.66% |
Others | 721.33 | 12.70% |
6 Global Butyl Acrylate Ester Market Analysis by Region
In 2024, the global Butyl Acrylate Ester market revenue is anticipated to demonstrate significant contributions from key regions, with the United States, Europe, and China leading the way.
The United States is projected to generate a revenue of USD 984.95 million, holding a market share of 17.34%. This substantial revenue can be attributed to the robust demand from industries such as construction, automotive, and adhesives & sealants within the country. The U.S. market’s growth is also supported by the presence of major global manufacturers and the ongoing expansion of production capacities to meet the growing domestic and regional demand.
The European market for Butyl Acrylate Ester is expected to contribute USD 862.94 million in revenue, capturing a market share of 15.19%. Europe’s significant contribution to the global revenue is driven by the region’s strong automotive and construction industries, which are major consumers of Butyl Acrylate Ester. The region’s economic stability and growth of end-use industries, particularly in countries like Germany, France, and the UK, are expected to bolster the market’s performance.
China stands out as the most prominent contributor to the global Butyl Acrylate Ester market, with a projected revenue of USD 2065.5 million and a commanding market share of 36.36%. The Chinese market’s growth is fueled by the country’s rapid industrialization and the expansion of manufacturing sectors. The government’s initiatives to promote infrastructure development and the rising demand from the construction and automotive industries are key factors driving the market’s revenue.
These figures underscore the importance of these regions in the global Butyl Acrylate Ester market, highlighting their significant roles in shaping the industry’s financial landscape and growth prospects.
Figure Global Butyl Acrylate Ester Market Share by Region in 2024
7 Top 3 Companies of Global Butyl Acrylate Ester Market
7.1 BASF
Company Introduction and Business Overview:
BASF is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.
Products Offered:
BASF’s Butyl Acrylate Ester, known as Butylacrylate, is an ester of acrylic acid used in the formulation of adhesives & sealants, paint & coatings, plastic processing, textiles, and water treatment applications. This product is valued for its ability to impart a variety of desirable properties to polymeric materials, including color stability, heat resistance, aging resistance, transparency, low-temperature flexibility, enhanced weather resistance, and acid and alkali resistance. BASF’s commitment to innovation and its broad product offerings have solidified its position as a key contributor to the global Butyl Acrylate Ester market.
Sales Revenue in the Latest Year:
BASF’s financial data shows a revenue of $705.90 million , reflecting the company’s significant scale and presence in the global market. The company’s vast product range and strategic investments have solidified its position as a key player in the Butyl Acrylate Ester market.
7.2 Satellite Chemical
Company Introduction and Business Overview:
Satellite Chemical is the world’s leading acrylic acid producer and one of the few large-scale producers of acrylic acid and ester, polymer emulsions and functional polymer materials with a full industrial chain in China. Adhere to the C2 and C3 dual industrial chain layout, continuously promote technological innovation and service innovation, and strive to become China’s best diversified chemical enterprise focusing on technology and services.
Products Offered:
The company adheres to a C2 and C3 dual industrial chain layout, continuously promoting technological and service innovation, and strives to become China’s premier diversified chemical enterprise focused on technology and services. Their Butyl Acrylate Ester, also known as n-butyl acrylate (BA), is a colorless liquid with a slight odor, which is widely used in synthetic coatings, adhesives, textile auxiliaries, papermaking auxiliaries, water treatment agents, and more. The product is characterized by its excellent and stable product indicators, and it serves as an organic synthesis intermediate, adhesive, emulsifier, coating, acrylic fiber modifier, plastic modifier, fiber and fabric processing agent, paper treatment agent, leather processor, and in the production of acrylic rubber.
Sales Revenue in the Latest Year:
Satellite Chemical is projected to achieve a substantial revenue from its Butyl Acrylate Ester segment, with an estimated revenue of $602.61 million . This figure underscores the company’s significant contribution to the global Butyl Acrylate Ester market and reflects its strong position within the industry.
7.3 Dow
Company Introduction and Business Overview:
The Dow Chemical Company operates as a chemical company. The Company manufactures specialty chemicals, rubber, agro-science, and plastic materials. Dow Chemical serves the packaging, infrastructure, agricultural, and consumer care industries worldwide.
Products Offered:
Dow’s Butyl Acrylate Ester, known for its clear colorless liquid form with a characteristic fruity odor, is readily miscible with most organic solvents and is known for its ease of polymerization, displaying a wide range of properties dependent on the selection of the monomer and reaction conditions. This versatile product is used in various applications such as paints and coatings, adhesives, caulks and sealants, and plastic additives. It offers benefits like mechanical strength, flexibility, durability, elasticity, low volatility, low odor, weather resistance, moisture resistance, and UV resistance, making it an ideal component for copolymerization with other acrylates. Dow’s commitment to innovation and quality makes it a significant player in the Butyl Acrylate Ester market.
Sales Revenue in the Latest Year:
Dow’s Butyl Acrylate Ester segment is expected to generate a revenue of $451.92 million, marking a substantial contribution to the company’s overall financial performance.