Ethyl Acrylate Market is Expected to Expand at 6.1% CAGR by 2034 | Fact.MR Report

Growing at a CAGR of 6.1%, the global ethyl acrylate market is expected to grow from a valuation of US$ 9.59 billion in 2024 to US$ 17.33 billion by 2034.

The growth is driven by the growing market trend in the acrylate industry, which is the packaging industry's growing demand for acrylate-based products.

Acrylate-based packaging products are convenient and versatile, with applications in labeling, hard packaging, and flexible packaging. A number of factors are propelling this trend, such as the growing customer need for convenience and product protection and the need for packaging materials that are light, strong, and eco-friendly.

During the forecast period, the market is expected to witness growth owing to the high demand for acrylate-based products, fueled by the continuous development of the packaging industry to meet evolving market conditions and regulatory needs.

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Key Takeaways from Market Study

The Ethyl Acrylate Market is estimated to be valued at US$ 9.59 billion in 2024, reflecting its strong demand across various industries.
By 2034, the market is projected to reach a value of US$ 17.33 billion, driven by increasing applications in adhesives, coatings, and textiles.
The global market is expected to grow at a CAGR of 6.1% from 2024 to 2034, indicating steady expansion due to rising industrial and consumer demand.
North America holds a significant market value of US$ 5.39 billion in 2024, highlighting the region's strong industrial base and high consumption of ethyl acrylate-based products.
The Mexico market is forecasted to reach a value of US$ 828 million by 2034, driven by growing manufacturing activities and rising demand for specialty chemicals.
The detergents segment is expected to grow at a CAGR of 6.2% from 2024 to 2034, reflecting increasing demand for ethyl acrylate in cleaning and personal care products.
The United States market is projected to reach a value of US$ 3.56 billion by 2034, supported by advancements in polymer technology and expanding end-use applications.

Leading Players Driving Innovation in the Ethyl Acrylate Market:

The Dow Chemical Company; Arkema S.A.; Mitsubishi Chemical Corporation; Tokyo Chemical Industry Co., Ltd.; Wanhua Chemical Group Co., Ltd.; du Pont de Nemours and Company; Sasol Limited; LG Chem Ltd.; Toronto Research Chemicals

Deterrent factors: Ethyl Acrylate Market:

Overexposure to ethyl acrylate leads to drowsiness, headache, and nausea. In addition to being very toxic, ethyl acrylate is a skin, eye, and respiratory tract irritant. Ethyl acrylate is a carcinogen and could be fatal under extended exposure.

Too volatile, ethyl acrylate readily reacts with most organic and inorganic compounds. Ethyl acrylate is colorless and poorly soluble in water. It is, however, easily soluble in organic solvents like alcohol.

The use of ethyl acrylate has faced the full weight of health-related controversies concerning its exposure to conditions such as headache, convulsions, drowsiness, lethargy, and gastrointestinal and respiratory irritation. The possibility of cancer is linked with occupational exposure of workers to ethyl acrylate among workers occupationally susceptible to the chemicals.

Nonetheless, with research progressing in regard to the necessity of ethyl acrylate and certain beneficial effects that it causes in the target application areas, the rate of adoption for ethyl acrylate is gaining popularity but at a constant rate.

Ethyl Acrylate Market News:

For example, in 2017, Arkema S.A. invested $90 million in its Clear Lakes, Texas-based acrylic acid production facilities increasing the combined capacity to 270 kt/year.
In March 2021, BASF doubled acrylic dispersion functionality in the Malaysian plant. This new product line pertains to state of art acronical edge dispersions. The new added capacity was set up for the ASEAN and New Zealand region market.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the anterior cervical plating market for 2019 to 2023 and forecasts market statistics for 2024 to 2034.

The study essential insights into the market based on application, end use, and region. In terms of application, ethyl acrylate is widely used in adhesives & sealants, surface coatings, detergents, plastic additives, and other industrial applications, owing to its versatility and chemical properties.

The end-use industries benefiting from ethyl acrylate include plastics, leather, paints & coatings, packaging, paper, and textiles, with growing demand across these sectors due to its role in enhancing product durability and performance.

Geographically, the market is divided into North America, Western Europe, Eastern Europe, Latin America, East Asia, South Asia & Pacific, and the Middle East & Africa, each experiencing different growth rates depending on industrial development, infrastructure investments, and regional consumption trends.

Check out More Related Studies Published by Fact.MR:

Lauryl Acrylate Market- https://www.factmr.com/report/lauryl-acrylate-market

Ethylene Acrylic Acid (EAA) Copolymers Market- https://www.factmr.com/report/ethylene-acrylic-acid-eaa-copolymers-market

Ethylene Butyl Acrylate Copolymer (EBA) Market- https://www.factmr.com/report/ethylene-butyl-acrylate-copolymer-market

Acrylates Copolymer Market- https://www.factmr.com/report/acrylates-copolymer-market

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