Asia-Pacific Acrylate Market, 2024-2030

Acrylates are the vinyl polymer group composed of acrylic acid and methacrylic acid building blocks. Acrylates are widely used in artificial nail products including nail builders, nail enhancing polishes, and nail and eyelash adhesives. Acrylates are also used in paints and coatings, plastics, fabrics and so on.The acrylate is highly used in packaging, consumer goods, textiles, building & construction, automotive, and others.

The Asia-Pacific acrylate market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Asia-Pacific acrylate market is growing at a fast pace and increasing its geographical footprint rapidly. The Asia-Pacific acrylate market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growth of the acrylates market can be magnified because of the increasing demand for super absorbent polymers in personal care products and presence of large acrylic adhesive industry.Additionally,usage of acrylate over conventional packaging material is cost-effective which will propel the acrylate market.The growing demand for the acrylate-based products such as baby diapers in emerging countries such as China and South Korea is also expected to be the major driving factor for the market growth.

The major hindrance in acrylate market growth is that since it is a solvent based chemical, it fails to meet the volatile organic compound(VOC) emission rules and hence, the wide acceptance of green coatings will impede the market growth. Another restraining factor in the growth of acrylate market is environmental and health hazards.

The Asia-Pacific acrylate market has remarkable usage across all major countries in the Asia-Pacific such as China, Japan, India, South Korea, Indonesia, and otherof Asian countries. Some of the major players in Asia-Pacific acrylate market are NIPPON SHOKUBAI CO. LTD. (Japan), LG Chem (South Korea), Formosa Petrochemical Corporation (Taiwan), and Mitsubishi Chemical Corporation (Japan).

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Asia-Pacific acrylateindustry dynamics
• Estimation of the present Asia-Pacific acrylate market size in terms of value and volume
• Asia-Pacific acrylate market breakup basedon type and application
• SubstantiatedAsia-Pacific acrylate market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Asia-Pacific acrylateindustry value chain