Acrylate Monomers Market

Acrylate Monomers Market Analysis

The Acrylate Monomers Market size is estimated at USD 5.54 billion in 2025, and is expected to reach USD 7.14 billion by 2030, at a CAGR of 5.19% during the forecast period (2025-2030).

The COVID-19 pandemic affected the acrylate monomers market negatively because of disruption in the supply chain and slowdown of production and application industries. Currently, the market has recovered from the pandemic and is expected to grow steadily in the future.

• Rising demand from the paints and coatings industry, coupled with the expanding use of acrylate monomers in adhesives, might propel the market forward.
• Nonetheless, the rise of alternatives to traditional acrylate monomers could impede the market's expansion.
• Asia-Pacific's swift industrialization and booming construction activities are poised to unlock substantial opportunities for the market.
• Asia-Pacific region dominates the market and is expected to witness the highest growth during the forecast period.

Acrylate Monomers Market Trends

Paints and Coatings Application Segment to Dominate the Market

• Acrylate monomers play a pivotal role in formulating paints and coatings, showcasing their versatility and significance.
• Acrylate-based coatings boast superior adhesion, bonding seamlessly with diverse substrates such as metal, wood, concrete, and plastic. Furthermore, the inherent flexibility of the polymer structure ensures resilience against environmental expansion and contraction, preventing issues like peeling or cracking. This durability makes acrylate coatings particularly advantageous for outdoor applications.
• The growing paints and coatings industry is uplifting market demand:
• According to the World’s Paint and Coatings Industry Association (WPCIA), in 2023, the global paint and coatings market reached a value of USD 185.5 billion, representing a growth rate of 3.2% compared to 2022. This growth was primarily driven by the increasing demand for coatings from various industries, including construction, automotive, and manufacturing.
• The expansion and development of the paints and coatings industry profoundly impacts the acrylate monomers market. As the industry grows, the demand for the studied market increases due to its critical role in formulation and ensuring high-quality finishes.
• In February 2024, Mitsui & Co. Ltd and Kansai Paint Co. Ltd decided to invest further in Kansai Helios Coatings GmbH, a European-based paint and coatings manufacturer. Mitsui will hold a 20% stake in this venture, and KANSAI PAINT will have 80%. This additional investment aims to finance KANSAI HELIOS' acquisition of WEILBURGER Coatings GmbH and WEILBURGER Asia Ltd, which manufacture and sell industrial coatings.
• In July 2023, Delta Coatings, a Dubai-based manufacturer of protective coatings, announced its elaborate three-year plan. The plan includes establishing a new facility in Saudi Arabia and strengthening its existing portfolio in Oman and Egypt. The company’s ambitious goals aim to expand its presence in the Middle East coatings industry.
• Consequently, these factors are likely to influence the market during the forecast period, leading to a surge in demand for acrylate monomers in the paints and coatings application.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific accounted for the major market share of acrylate monomers and is expected to continue dominating the market during the forecast period. China, India, and Japan are the major consumers of acrylate monomers in the region and the world.
• According to European Coatings, China boasts nearly 10,000 coating manufacturers. Among them are prominent global names such as Nippon Paint, AkzoNobel, Chugoku Marine Paints, PPG Industries, BASF SE, and Axalta Coatings, all of which have established manufacturing bases in the country. The trend of increasing investments by paints and coatings companies in China is evident. For instance,
• In April 2024, driven by booming automobile production, Nipsea Group, the parent company of Nippon Paint China, is set to inaugurate a new coatings plant in Tianjin in June. With an investment of CNY 960 million (USD 133 million), the plant will primarily produce industrial coatings to cater to the rising demands of China's automotive sector. Furthermore, in July 2022, BASF bolstered its presence by expanding its automotive refinish coatings production capacity in Guangdong Province, South China, achieving an impressive annual capacity of 30,000 metric tons.
• Indian paint and adhesive industries set for major investments amid rising demand:
• In January 2024, Berger Paints India allocated over INR 1,000 crore (~ USD 120.6 million) to inaugurate a greenfield composite plant in Odisha, focusing on decorative and industrial paints. This initiative is poised to amplify the demand for paints and coatings in the foreseeable future.
• In January 2023, Asian Paints unveiled its blueprint for a new manufacturing facility in Madhya Pradesh. With an ambitious capacity of 400,000 kiloliters per annum and a hefty investment of INR 2000 crore (~ USD 241.3 million), the plant is slated to commence operations within the next three years.
• Japan stands out as the world's third-largest paint exporter. Japan's paint shipping value has surged, surpassing JPY 1 trillion (USD 7,133 million), underscoring the nation's steady market expansion.
• Benefiting from the global economic resurgence post-mid-2021, Japanese manufacturers are embarking on ambitious expansion projects to ramp up their production capacities. A prime example is Nippon Paint Holdings Co., Ltd., which, in February 2023, wrapped up a JPY 4.1 billion (about USD 280 million) investment in its new automotive paint production plant in Okayama. This move is poised to increase the demand for acrylate monomers in Japan's coatings formulations.
• Therefore, the demand for acrylate monomers is estimated to increase at the fastest rate in the Asia-Pacific region over the forecast period.

Acrylate Monomers Industry Overview

The acrylate monomers market is moderately fragmented, with market share divided among several companies. Some key players include (not in a particular order) BASF SE, Nippon Shokubai Co., Ltd., Dow Inc., Arkema, and LG Chem, Ltd., among others.

Acrylate Monomers Market Leaders

Acrylate Monomers Market News

• October 2024: Arkema commenced exclusive production of Ethyl Acrylate derived solely from bioethanol at its acrylic monomer facility in Carling, France. The bio-based ethyl acrylate from Arkema boasts a biocarbon content (BCC) of 40% and achieves a reduction in product carbon footprint (PCF) of up to 30%. This bioethanol is sourced sustainably from biomass feedstock.
• August 2024: BASF SE revealed plans to transition its production to bio-based Ethyl Acrylate (EA) in Q4 2024. Featuring a 40% 14C-traceable bio content per DIN EN 16640 standards and a minimized Product Carbon Footprint (PCF1), BASF's bio-based EA aids global customers in achieving their sustainability objectives. Notably, this product boasts a 30% reduction in PCF compared to its fossil-based counterpart.