Major Players like BASF SE and LG Chem Lead the Global Acrylate Esters Market to 2028

25 July 2023

The "Global Acrylate Esters Market (2023-2028) by Type, Application, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to  ResearchAndMarkets.com's offering.

The Global Acrylate Esters Market is estimated to be USD 10.23 Bn in 2023 and is expected to reach USD 15.52 Bn by 2028, growing at a CAGR of 8.70%.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Acrylate Esters Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Acrylate Esters Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Acrylate Esters Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

  • Rising demand for coatings from the construction industry
  • Increasing demand for water-based coatings
  • Rapid expansion of butyl acrylates

Restraints

  • Fluctuations in raw materials prices

Opportunities

  • Increasing commercial production of bio-based acrylic acid derivatives
  • Saturated demand for PMMA resins

Challenges

  • Bio-based chemicals as an alternative to petroleum-based acrylic esters

Companies Mentioned

  • Arkema SA
  • BASF SE
  • China Petroleum & Chemical Corp.
  • Evonik Industries Ag
  • Hexion, Inc.
  • LG Chem, Ltd.
  • Lubrizol, Corp.
  • Merck Group
  • Mitsubishi Chemical, Corp.
  • National Industrialization Company (TASNEE)
  • Nippon Shokubai Co., Ltd.
  • PTT Global Chemical Public, Co. Ltd.
  • Sasol, Ltd.
  • Showa Denko Materials, Co., Ltd.
  • SIBUR International GmbH
  • Tecnon OrbiChem Ltd.
  • The Dow Chemical Co.
  • Toagosei, Co. Ltd.
  • VWR International

Market Segmentation

The Global Acrylate Esters Market is segmented based on Type, Application, and Geography.

  • By Type, the market is classified into 2-Ethylhexyl Acrylate, Butyl Acrylate, Ethyl Acrylate, Methyl Acrylate, and Others.
  • By Application, the market is classified into Adhesives & Sealants, Detergents, Plastic Additives, Surface Coatings, and Textiles.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa and Asia-Pacific.

For more information about this report visit https://www.researchandmarkets.com/r/5twmq

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