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The butyl acrylate market has demonstrated robust growth in recent years and is set to continue its upward trajectory. Here’s a look at the key factors driving this growth and what to expect in the coming years.

Recent Market Growth

Current Market Size and Growth Rate

• The butyl acrylate market was valued at $4.85 billion in 2023.
• It is projected to grow to $5.17 billion by 2024, achieving a compound annual growth rate (CAGR) of 6.8%.

Historic Growth Drivers

• Construction and Building Industry Demand: Increased need for durable coatings and adhesives.
• Automotive Industry Expansion: Higher production of vehicles requiring advanced coatings and adhesives.
• Packaging Industry Expansion: Growth in packaging demands high-performance materials.
• Economic Growth and Urbanization: Boost in infrastructure development and economic conditions.

Future Market Projections

Expected Market Size and Growth Rate

• The market is forecasted to reach $6.76 billion by 2028.
• Anticipated CAGR of 6.9% during the forecast period.

Forecast Growth Drivers

• Demand from End-Use Industries: Increased application in various sectors.
• Technological Advancements: Innovations in production processes and materials.
• Raw Material Availability: Improved access to and pricing of essential materials.
• Environmental Regulations: Stricter regulations promoting sustainable practices.

Major Trends

• Technological Innovations: Advances in production technologies.
• Mergers and Acquisitions: Increased consolidation within the industry.
• Innovative Product Offerings: New and improved products entering the market.

Read The Full Butyl Acrylate Market Report Here:
https://www.thebusinessresearchcompany.com/report/butyl-acrylate-global-market-report

Automotive Sector Expansion Fuels Growth

Automotive Industry Influence

• The automotive sector’s growth significantly impacts the butyl acrylate market. This sector includes various vehicle types and is integral to the market due to its need for high-performance coatings and adhesives.
• Recent data shows a 5.7% increase in global vehicle production, reaching 85.4 million units in 2022.

Butyl Acrylate Applications

• Utilized in manufacturing coatings and adhesives that offer durability and aesthetic finishes.

Strategic Expansion by Major Companies

Facility Expansions

• BASF SE: In March 2023, BASF SE launched a new acrylic production facility in Zhanjiang, China, with significant capacities for butyl acrylate and other acrylates. This expansion aims to cater to the growing demand across various industries in Asia.

Partnerships

• BASF SE and Youyi Group Co. Ltd.: In April 2024, BASF SE signed a letter of intent with Youyi Group Co. Ltd. to supply butyl acrylate and 2-ethylhexyl acrylate from its Zhanjiang Verbund site, addressing the rising demand for adhesives in China.

Market Segmentation

Product Types

• I-Butyl Acrylate
• N-Butyl Acrylate
• T-Butyl Acrylate

Purity Levels

• High Purity
• Common Purity

Applications

• Paints and Coatings
• Adhesives and Sealants
• Chemical Synthesis
• Plastic Additives
• Textiles
• Other Applications

Regional Insights

• North America was the leading region in the butyl acrylate market in 2023.

Conclusion
The butyl acrylate market is on a steady growth path, driven by diverse industry needs and expanding applications. With continued technological advancements and strategic industry expansions, the market is poised to experience sustained growth in the coming years.

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The Butyl Acrylate Global Market Report 2024  provides an overview of the butyl acrylate market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The butyl acrylate market forecast analyzes butyl acrylate market size, butyl acrylate market share, leading competitor and their market positions.

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