1 Global Ethyl Acrylate Market Insight Analysis
The global ethyl acrylate market is valued at USD 551.1 million in 2024, with a CAGR of 6.19% from 2024 to 2033.
Ethyl Acrylate is a versatile chemical compound used primarily as a monomer in the production of various polymers, resins, and coatings. It is characterized by its excellent adhesion properties, thermal stability, and compatibility with other olefin polymers. These characteristics make it a crucial component in industries ranging from automotive and construction to textiles and packaging. The growing demand for high-performance, durable, and environmentally friendly materials is driving the market for Ethyl Acrylate, as it can be tailored to meet specific industry requirements through copolymerization and blending with other materials.
Figure Global Ethyl Acrylate Market Size (M USD) and CAGR (2024-2033)
2 Ethyl Acrylate Market Growth Drivers and Restraints
Development of downstream application fields: As a widely used organic compound, ethyl acrylate has important applications in coatings, textiles, plastics and other industries. With the development of the global economy, the demand for coatings in the construction and automotive industries continues to grow. In the construction field, a large amount of coatings are needed for both new buildings and renovation of existing buildings, which directly drives the demand for ethyl acrylate in the coating industry.
In the automotive industry, with the increase in automobile production and the development of automobile coating technology, the demand for high-performance coatings is also rising. Ethyl acrylate has become an important raw material for coating production due to its good performance. In addition, in the textile industry, ethyl acrylate is used to produce textile auxiliaries, coatings, etc. With the continuous development of the textile industry, its demand has also grown steadily.
Emerging commercialization of bio-based ethyl acrylate: In the current mainstream production method, the raw materials of ethyl acrylate are mostly derived from petroleum-based raw materials. But with the rise of the concept of green chemistry, the industry has gradually turned to bio-renewable raw materials, which has become an important development trend in the market. Companies such as Arkema and Nippon Shokubai have invested heavily in the production route of bio-based ethyl acrylate. The development of bio-based ethyl acrylate not only meets environmental protection requirements, but also brings new growth opportunities to the market, helps to open up new market areas and attract more environmentally friendly customers.
Restrictions on health and environmental hazards: Ethyl acrylate has certain hazards to health and the environment. In terms of health, it is irritating to the respiratory tract, and high concentration inhalation may cause pulmonary edema; direct contact with the eyes can cause burns, and it also has obvious irritation and sensitization effects on the skin.
Oral administration can also strongly irritate the mouth and digestive tract. In terms of the environment, it is flammable, and its vapor can form an explosive mixture when mixed with air, and it is easy to self-polymerize. If released into the atmosphere or water, it will cause harm to the environment. Therefore, countries strictly regulate the production process of ethyl acrylate, and companies need to invest a lot of costs in employee protection and prevention of environmental pollution, which to a certain extent limits the development speed of the industry.
Fluctuations in raw material prices and threats of alternative products: The production of ethyl acrylate is highly dependent on raw materials such as acrylic acid, and fluctuations in the price of acrylic acid will directly affect its production costs and profit margins. When the price of acrylic acid rises, the production cost of ethyl acrylate increases, and companies face cost pressure, which may limit the expansion of production scale or lead to rising product prices, thereby affecting market demand.
In addition, there are some alternative products on the market, such as vinyl acetate, which has gradually become a substitute for ethyl acrylate in the coating, packaging and other industries due to its lower price. Although acrylate substitutes such as butyl and methyl acrylate are not a big threat when the raw materials are in sufficient supply, they will also have a certain impact on the ethyl acrylate market when the raw materials are in short supply.
3 Technological Innovations in the Ethyl Acrylate Market
Research and development of bio-based production technology: In response to environmental protection needs and sustainable development requirements, many companies have focused their technological innovation on the production of bio-based ethyl acrylate. Companies such as Arkema and Nippon Shokubai have actively invested resources to develop production routes based on bio-renewable raw materials.
This technological innovation not only helps reduce dependence on petroleum-based raw materials and reduce carbon emissions, but also produces more environmentally friendly products to meet the market demand for green chemical products. As the technology continues to mature, bio-based ethyl acrylate is expected to occupy a larger share of the market and drive the industry towards sustainable development.
Product performance optimization technology: In downstream application areas, the requirements for the performance of ethyl acrylate products are constantly increasing. Therefore, companies are committed to optimizing product performance in research and development, such as improving its thermal stability, weather resistance and compatibility with other materials. By improving polymerization processes and formula design, companies can produce products that better meet market demand, improve the application effect of products in coatings, plastics, textiles and other industries, and enhance market competitiveness.
BASF’s cooperation with Adani Group: BASF and Adani Group signed a memorandum of understanding to plan a major joint investment in the acrylic acid value chain in India. This cooperation will integrate the resources and advantages of both parties. BASF’s technology and experience in the chemical industry, combined with Adani Group’s local market channels and industrial base, will help BASF expand its influence in the Indian market and further expand its global business layout. For the Indian market, this investment will promote the production and supply of local ethyl acrylate and related products, and drive the development of related industries.
BPCL’s refinery expansion project: BPCL’s Cochin refinery has launched a major expansion project to build a petrochemical complex for the production of polyols. The project is expected to require huge investment and will produce a range of petrochemical products for industries such as coatings, water treatment, and detergents, including upstream and downstream products related to ethyl acrylate. This expansion project will enhance BPCL’s comprehensive strength in the petrochemical field and improve its supply capacity in the ethyl acrylate market. At the same time, it will intensify market competition and prompt other companies to accelerate technological innovation and business expansion to maintain market competitiveness.
4 Global Ethyl Acrylate Market Size by Type
In 2024, the segment of Thickeners and Adhesives accounted for a significant portion of the global Ethyl Acrylate market. This segment generated a revenue of approximately 288.29 million USD, representing a substantial market share. Ethyl Acrylate is highly valued in this segment due to its ability to enhance the performance of adhesives and thickeners, providing better bonding properties and durability. It is widely used in industries such as construction, automotive, and textiles, where strong and reliable adhesives are essential. The market share of this segment is expected to remain robust due to the continuous demand for high-quality adhesives in various applications.
The Plastic Additives segment also contributed significantly to the Ethyl Acrylate market in 2024. With a revenue of around 85.93 million USD, this segment holds a considerable market share. Ethyl Acrylate is used as a plastic additive to improve the mechanical properties of plastics, such as flexibility, toughness, and resistance to environmental factors. This segment benefits from the growing plastics industry, which relies on Ethyl Acrylate to enhance the performance of plastic products used in packaging, automotive parts, and consumer goods. The increasing demand for durable and high-performance plastics is expected to drive the growth of this segment in the coming years.
The Coating Materials segment is another key area where Ethyl Acrylate is extensively used. In 2024, this segment generated a revenue of approximately 132.75 million USD. Ethyl Acrylate-based coatings offer excellent adhesion, weather resistance, and durability, making them ideal for applications in construction, automotive, and industrial coatings. The segment’s market share is driven by the construction industry’s demand for high-quality coatings for both interior and exterior applications. Additionally, the automotive industry’s need for durable and aesthetically pleasing coatings further supports the growth of this segment. The market share of Coating Materials is expected to increase as the demand for eco-friendly and high-performance coatings continues to rise.
Table Global Ethyl Acrylate Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Thickeners and Adhesives | 288.29 |
Plastic Additives | 85.93 |
Coating Materials | 132.75 |
Others | 44.13 |
5 Global Ethyl Acrylate Market Size by Application
The textile industry utilized ethyl acrylate for various purposes such as sizing agents and fabric coatings. In 2024, it contributed a revenue of around 106.26 million US dollars, holding a market share of approximately 5.36%. The growth of the textile industry, driven by fashion trends and an increasing global population, has led to a stable demand for ethyl acrylate. As consumers demand higher – quality and more functional textiles, the need for advanced textile chemicals like ethyl acrylate has grown. This is because ethyl acrylate can enhance the durability, color fastness, and feel of fabrics, making it an essential component in textile manufacturing.
The paints and coatings industry is one of the major consumers of ethyl acrylate. In 2024, the revenue generated from this end – use application was about 132.75 million US dollars, accounting for a market share of around 15.59%. The construction and automotive sectors are the primary drivers of the paints and coatings industry. With the continuous development of urbanization and the expansion of the automotive market, the demand for high – performance coatings has soared. Ethyl acrylate provides coatings with excellent weather resistance, adhesion, and color stability, making it a preferred choice for formulating top – quality paints and coatings.
The adhesive industry also heavily relies on ethyl acrylate. In 2024, it had a revenue of around 131.80 million US dollars, with a market share of approximately 24.09%. Ethyl acrylate’s ability to form strong bonds and its compatibility with various substrates make it an ideal ingredient for adhesives. The packaging, woodworking, and automotive assembly industries are among the major users of adhesives containing ethyl acrylate. As the e – commerce industry continues to grow, the demand for reliable adhesives in packaging applications has increased, further boosting the market for ethyl acrylate in this sector.
The plastics industry used ethyl acrylate as a plastic additive to improve the performance of plastics. In 2024, the revenue from this application was around 85.93 million US dollars, representing a market share of about 15.59%. As the demand for lightweight, durable, and high – performance plastics rises in industries such as automotive, electronics, and consumer goods, the need for plastic additives like ethyl acrylate has grown. Ethyl acrylate can enhance the flexibility, impact resistance, and process ability of plastics, making it an important component in plastic manufacturing.
The leather industry and paper industry also consumed ethyl acrylate in 2024. The leather industry had a revenue of around 31.68 million US dollars, with a market share of about 5.75%, while the paper industry generated a revenue of around 32.63 million US dollars, accounting for approximately 5.92% of the market share. In the leather industry, ethyl acrylate is used for leather processing to improve the texture and durability of leather products. In the paper industry, it is used in paper coatings to enhance the printability and strength of paper.
Table Global Ethyl Acrylate Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
|---|---|
Textile Industry | 106.26 |
Paints and Coatings Industry | 132.75 |
Adhesive Industry | 131.80 |
Plastics Industry | 85.93 |
Leather Industry | 31.68 |
Paper Industry | 32.63 |
Others | 30.05 |
6 Global Ethyl Acrylate Market Size by Region
North America had a market revenue of around 129.35 million US dollars in 2024, accounting for approximately 23.47% of the global market share. The region’s economy, especially in the United States, Canada, and Mexico, is highly industrialized. The United States, with its large construction and automotive industries, is a major consumer of ethyl acrylate. However, the market growth in North America has been influenced by economic fluctuations and the impact of the COVID-19 pandemic. Despite the challenges, the region is expected to see a steady growth in the ethyl acrylate market in the coming years, driven by the recovery of the manufacturing and construction sectors.
Europe had a market revenue of about 140.70 million US dollars in 2024, with a market share of around 25.53%. The European market is characterized by a well – developed chemical industry and a high demand for high – quality products. Countries like Germany, the UK, and France are major players in the ethyl acrylate market. Germany, in particular, has a strong automotive and manufacturing base, which drives the demand for ethyl acrylate in coatings and adhesives. However, factors such as Brexit and the ongoing impact of the pandemic have caused some uncertainties in the market. Nevertheless, the region’s commitment to sustainable development and the growth of the renewable energy sector may create new opportunities for the ethyl acrylate market.
The Asia – Pacific region was the largest market for ethyl acrylate in 2024, with a revenue of approximately 233.54 million US dollars and a market share of around 42.38%. China, Japan, South Korea, and India are the key markets in this region. China, with its rapid industrialization and urbanization, has a huge demand for ethyl acrylate in the construction, textile, and plastic industries. Japan and South Korea also have advanced manufacturing sectors, especially in electronics and automotive, which rely on ethyl acrylate for various applications. The region’s growth is further fueled by the increasing investment in infrastructure projects and the growing middle – class population, which drives the demand for consumer goods and construction.
South America had a market revenue of around 23.28 million US dollars in 2024, accounting for about 4.22% of the global market share. Brazil, Argentina, and Colombia are the major markets in the region. Brazil, with its large – scale agriculture and manufacturing industries, has a significant demand for ethyl acrylate. However, the region has faced economic challenges in recent years, which have affected the growth of the ethyl acrylate market. But with the potential for economic recovery and the development of new industries, there is room for growth in the future.
The Middle East and Africa had a market revenue of around 24.24 million US dollars in 2024, with a market share of approximately 4.35%. The Middle East, rich in oil resources, has a developing petrochemical industry. Countries like the UAE and Saudi Arabia are investing in expanding their chemical production capacities. In Africa, countries such as South Africa and Nigeria are also showing potential in the ethyl acrylate market, driven by infrastructure development and industrialization efforts. However, the region also faces challenges such as political instability and limited infrastructure in some areas, which may impact market growth.
Figure Global Ethyl Acrylate Market Size (M USD) by Region in 2024
7 Global Ethyl Acrylate Market Analysis by Major Players
BASF
Company Introduction and Business Overview:
BASF is a leading global chemical company with a rich history dating back to its establishment in 1865. Headquartered in Germany, BASF operates worldwide and is renowned for its diverse product portfolio and innovative solutions. The company is committed to sustainability and has a strong presence in various industries, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas.
BASF’s business is structured around six main segments, each focusing on specific areas of the chemical industry. In the context of Ethyl Acrylate, BASF is a major player, leveraging its extensive research and development capabilities to produce high-quality products. The company’s Ethyl Acrylate is used in a wide range of applications, including coatings, adhesives, and plastics. BASF’s global reach and robust supply chain ensure that it can meet the demands of customers across different regions. Additionally, BASF is known for its commitment to sustainability, constantly seeking ways to reduce its environmental impact while maintaining high product standards.
Products:
BASF offers Ethyl Acrylate as a key component in its product portfolio. This chemical is used as a monomer in the production of various polymers and as a feedstock for chemical syntheses. BASF’s Ethyl Acrylate is characterized by its high purity (minimum 99.7%) and low water content (maximum 0.05%). It is suitable for applications in coatings, adhesives, and textile treatments. The company’s innovative approach ensures that its Ethyl Acrylate products meet the highest standards of quality and performance, making them a preferred choice for industries worldwide.
Dow Inc.
Company Introduction and Business Overview:
Dow Inc., established in 1897, is a multinational chemical company headquartered in the United States. Known for its innovative and sustainable solutions, Dow operates globally and serves a wide range of industries, including construction, automotive, and consumer goods. The company is committed to delivering value through science and technology, focusing on sustainability and innovation.
Dow Inc.’s business is centered around the production and distribution of chemical products. The company’s Ethyl Acrylate offerings are part of its broader portfolio aimed at serving diverse industries. Dow’s Ethyl Acrylate is used in liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow’s global presence and extensive distribution network ensure that its products are accessible to customers worldwide. The company’s commitment to innovation and sustainability drives its continuous improvement and expansion in the chemical industry.
Products:
Dow Inc. offers Ethyl Acrylate as a versatile monomer used in the production of polymers and resins. The product is characterized by its high purity and low water content, making it suitable for applications in coatings, adhesives, and textile treatments. Dow’s Ethyl Acrylate is known for its excellent adhesion properties and compatibility with various substrates, making it a preferred choice for industries that require high-performance materials. The company’s focus on innovation ensures that its Ethyl Acrylate products meet the evolving needs of customers and contribute to sustainable development.
Nippon Shokubai
Company Introduction and Business Overview:
Nippon Shokubai, established in 1941, is a leading Japanese company specializing in the production of basic and fine chemicals, synthetic resins, and catalysts. Headquartered in Japan, Nippon Shokubai operates globally and is known for its high-quality products and innovative solutions. The company’s commitment to sustainability and technological advancement has positioned it as a key player in the chemical industry.
Nippon Shokubai’s business encompasses the production and sale of a wide range of chemicals, including acrylic acid, superabsorbent polymers, and automobile catalysts. The company’s Ethyl Acrylate offerings are part of its broader portfolio aimed at serving industries such as coatings, adhesives, and textiles. Nippon Shokubai’s global presence and strong R&D capabilities ensure that its products meet the highest standards of quality and performance. The company’s commitment to sustainability and innovation drives its continuous improvement and expansion in the chemical industry.
Products:
Nippon Shokubai offers Ethyl Acrylate as a high-purity monomer used in the production of various polymers and resins. The product is characterized by its excellent adhesion properties and compatibility with various substrates, making it suitable for applications in coatings, adhesives, and textile treatments. Nippon Shokubai’s Ethyl Acrylate is known for its high performance and reliability, making it a preferred choice for industries that require high-quality materials. The company’s focus on innovation ensures that its Ethyl Acrylate products meet the evolving needs of customers and contribute to sustainable development.