
India Butyl Acrylate Market, By Product Type (I-Butyl Acrylate, N-Butyl Acrylate, T-Butyl Acrylate); By Purity (High Purity, Common Purity); By Application (Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Plastic Additives, Textiles); By Regi
Description
India Butyl Acrylate Market, By Product Type (I-Butyl Acrylate, N-Butyl Acrylate, T-Butyl Acrylate); By Purity (High Purity, Common Purity); By Application (Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Plastic Additives, Textiles); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
India Butyl Acrylate Market Size Expands at CAGR of 7% to Surpass Value of USD 534 Million and Volume of 301,000 Tons by 2030
India Butyl Acrylate Market is flourishing due to the growing demand for paints & coatings and adhesives & sealants from thriving construction industry driven rising disposable income.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Butyl Acrylate Market size by value at USD 432.99 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Butyl Acrylate Market size to expand at a CAGR of 7.85% reaching a value of USD 534.03 million by 2030. The Butyl Acrylate market in India is propelled by the increasing application as a solvent in the paints and coatings, as well as adhesive and sealants sectors, predominantly within the expanding construction and automotive industries. India has witnessed a rising trend in residential and commercial development in recent years, driven by increasing investments and evolving lifestyles. Also, butyl acrylate plays a crucial role as an ingredient in pressure-sensitive adhesives, widely employed by the textile and construction sectors. Its presence in PVC modifiers and molding or extrusion additives further enhances its application in the plastics sector. With the upswing in construction activities and infrastructure development, there is an anticipated surge in demand for commodities like paints & coatings and plastics, consequently boosting the overall demand for butyl acrylate over the forecast period.
By volume, BlueWeave estimated the India Butyl Acrylate Market size at 261.66 thousand tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Butyl Acrylate Market size by volume is projected to grow at a CAGR of 7.01% reaching the volume of 301.09 thousand tons by 2030. The increasing use of butyl acrylate in the production of thermoplastic ethylene acrylate copolymers (EAC), containing up to 35% butyl acrylate, stands out as pivotal factor contributing to market expansion. The combination of butyl acrylate with other monomers, such as vinyl acetate, methyl methacrylate, acrylic acid, styrene, and other acrylate ester monomers, opens up possibilities for diverse copolymer compositions.
Opportunity – Expanding automotive industry
The expanding automotive industry in India is anticipated to drive the need for butyl acrylate. The compound plays a crucial role in polymer manufacturing, specifically contributing to the production of car dashboards and leather seats. Additionally, butyl acrylate serves as a key component in the production of sealants, utilized in various automotive applications such as within the trunk, hood, doors, front dash, and on both the interior and exterior metal joints of vehicles. The global surge in motor vehicle production stands as a significant factor contributing to the anticipated growth of the butyl acrylate market in the coming years.
Impact of Escalating Geopolitical Tensions on India Butyl Acrylate Market
Increasing geopolitical tensions can have a multifaceted impact on the India Butyl Acrylate Market. The surge in upstream values, particularly crude oil, is exerting pressure on downstream derivatives, thereby elevating inflationary concerns for consumers. Butyl acrylate prices in the domestic market have responded with buoyancy, driven by multiple elements contributing to these fluctuations. A substantial driver for this upward trajectory is the notable increase in crude oil values, impacting critical feedstocks like n-Butanol and Acrylic Acid. The exponential rise in crude oil prices is a consequence of global uncertainties, with low inventories in the USA driving up spot prices of Brent. Simultaneously, geopolitical tensions between Russia and Ukraine have further heightened global contract purchases. Additionally, increased consumption in China, post-easing of the dual energy policy and winter Olympics-related restrictions, has influenced the overall pricing dynamics for crude oil globally. Also, heightened demand fundamentals for Butyl Acrylate in the downstream derivative segment contribute to the overall upward price trend in the Indian market.
India Butyl Acrylate Market
Segmental Information
India Butyl Acrylate Market – By Application
On the basis of application, the India Butyl Acrylate Market is divided into Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Plastic Additives, and Textiles segments. The paints & coatings segment holds the highest share in the India Butyl Acrylate Market by application closely followed by the adhesive & sealants segment. It is primarily due to their growing applications in the construction and automotive industries. Additionally, the rising trend of substituting old coatings with water-based alternatives in combination with the increased usage of adhesives further contributes to the sustained leadership of these industries in the market.
India Butyl Acrylate Market – By Region
Geographically, the India Butyl Acrylate Market is divided into North India, South India, East India, and West India regions. West India holds the highest market share and is expected to maintain its dominance during the forecast period. Its dominance is attributed to key consumption in states like Gujarat and Maharashtra, driven by prominent companies, such as Asian Paints. Until FY2022, India relied on imports to meet the demand for butyl acrylate.
Competitive Landscape
The India Butyl Acrylate Market is fragmented, with numerous players serving the market. The key players dominating the India Butyl Acrylate Market include Bharat Petroleum Corporation Limited, BASF, Vizag Chemical, Dhalop Chemicals, Dow, Arkema, Otto Chemie Pvt Ltd, KR Chemicals, and LG Chem. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Butyl Acrylate Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Butyl Acrylate Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. India Butyl Acrylate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing demand for paints and coatings
- 3.2.1.2. Increasing demand for adhesives and sealants
- 3.2.1.3. Expanding construction industry
- 3.2.1.4. Rising disposable incomes
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in raw material prices
- 3.2.2.2. Stringent environmental regulations
- 3.2.2.3. Competition from imports
- 3.2.3. Opportunities
- 3.2.3.1. Focus on developing new and innovative applications for butyl acrylate
- 3.2.3.2. Investments and sustainable development trends
- 3.2.3.3. Expansion of automotive industry
- 3.2.4. Challenges
- 3.2.4.1. Lack of brand awareness
- 3.2.5. Infrastructure challenges
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. India Butyl Acrylate Market: Marketing Strategies
- 5. India Butyl Acrylate Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Million)
- 5.1.2. By Volume (Thousand Tons)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.1.1. I-Butyl Acrylate
- 5.2.1.2. N-Butyl Acrylate
- 5.2.1.3. T-Butyl Acrylate
- 5.2.2. By Purity
- 5.2.2.1. High Purity
- 5.2.2.2. Common Purity
- 5.2.3. By Application
- 5.2.3.1. Paints & Coatings
- 5.2.3.2. Adhesives & Sealants
- 5.2.3.3. Chemical Synthesis
- 5.2.3.4. Plastic Additives
- 5.2.3.5. Textiles
- 5.2.3.6. Others (Including Paper and Pulp, Leather Processing etc.)
- 5.2.4. By Region
- 5.2.4.1. North India
- 5.2.4.2. South India
- 5.2.4.3. East India
- 5.2.4.4. West India
- 6. North India Butyl Acrylate Market
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Thousand Tons)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Purity
- 6.2.3. By Application
- 7. South India Butyl Acrylate Market
- 7.1. Market Size & Forecast, 2019–2030
- 7.1.1. By Value (USD Million)
- 7.1.2. By Volume (Thousand Tons)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Purity
- 7.2.3. By Application
- 8. East India Butyl Acrylate Market
- 8.1. Market Size & Forecast, 2019–2030
- 8.1.1. By Value (USD Million)
- 8.1.2. By Volume (Thousand Tons)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Purity
- 8.2.3. By Application
- 9. West India Butyl Acrylate Market
- 9.1. Market Size & Forecast, 2019–2030
- 9.1.1. By Value (USD Million)
- 9.1.2. By Volume (Thousand Tons)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Purity
- 9.2.3. By Application
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Butyl Acrylate Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operation Channel Parameters
- 10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 11. India Butyl Acrylate Market: Import & Export
- 12. Impact of Escalating Geopolitical Tensions on India Butyl Acrylate Market
- 13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Bharat Petroleum Corporation Limited
- 13.2. BASF
- 13.3. Vizag Chemical
- 13.4. Dhalop Chemicals
- 13.5. Dow
- 13.6. Arkema
- 13.7. Otto Chemie Pvt Ltd
- 13.8. KR Chemicals
- 13.9. LG chem
- 13.10. Other Prominent Players
- 14. Key Strategic Recommendations
- 15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumption & Limitation
- *Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 India Butyl Acrylate Market Segmentation
- Figure 2 India Butyl Acrylate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Figure 5 India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Figure 6 India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Figure 7 India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Figure 8 India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Figure 9 India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Figure 10 India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Figure 11 India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Figure 12 India Butyl Acrylate Market Share, By Region, By Value (USD Million) 2019–2030
- Figure 13 India Butyl Acrylate Market Share, By Region, By Volume (Thousand Tons) 2019–2030
- Figure 14 North India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Figure 15 North India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Figure 16 North India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Figure 17 North India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Figure 18 North India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Figure 19 North India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Figure 20 North India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Figure 21 North India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Figure 22 South India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Figure 23 South India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Figure 24 South India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Figure 25 South India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Figure 26 South India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Figure 27 South India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Figure 28 South India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Figure 29 South India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Figure 30 East India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Figure 31 East India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Figure 32 East India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Figure 33 East India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Figure 34 East India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Figure 35 East India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Figure 36 East India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Figure 37 East India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Figure 38 West India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Figure 39 West India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Figure 40 West India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Figure 41 West India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Figure 42 West India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Figure 43 West India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Figure 44 West India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Figure 45 West India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- List of Tables
- Table 1 India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Table 2 India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Table 3 India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Table 4 India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Table 5 India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Table 6 India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Table 7 India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Table 8 India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Table 9 India Butyl Acrylate Market Share, By Region, By Value (USD Million) 2019–2030
- Table 10 India Butyl Acrylate Market Share, By Region, By Volume (Thousand Tons) 2019–2030
- Table 11 North India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Table 12 North India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Table 13 North India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Table 14 North India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Table 15 North India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Table 16 North India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Table 17 North India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Table 18 North India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Table 19 South India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Table 20 South India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Table 21 South India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Table 22 South India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Table 23 South India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Table 24 South India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Table 25 South India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Table 26 South India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Table 27 East India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Table 28 East India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Table 29 East India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Table 30 East India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Table 31 East India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Table 32 East India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Table 33 East India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Table 34 East India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Table 35 West India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030
- Table 36 West India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030
- Table 37 West India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030
- Table 38 West India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030
- Table 39 West India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030
- Table 40 West India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030
- Table 41 West India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030
- Table 42 West India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030
- Table 43 Bharat Petroleum Corporation Limited Company Overview
- Table 44 Bharat Petroleum Corporation Limited Financial Overview
- Table 45 BASF Company Overview
- Table 46 BASF Financial Overview
- Table 47 Vizag Chemical Company Overview
- Table 48 Vizag Chemical Financial Overview
- Table 49 Dhalop Chemicals Company Overview
- Table 50 Dhalop Chemicals Financial Overview
- Table 51 Dow Company Overview
- Table 52 Dow Financial Overview
- Table 53 Arkema Company Overview
- Table 54 Arkema Financial Overview
- Table 55 Otto Chemie Pvt Ltd Company Overview
- Table 56 Otto Chemie Pvt Ltd Financial Overview
- Table 57 KR Chemicals Company Overview
- Table 58 KR Chemicals Financial Overview
- Table 59 LG Chem Company Overview
- Table 60 LG Chem Financial Overview
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