Asia Pacific Butyl Acrylate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Plastic Additives, Textile, and Others)
Market Introduction
The Asia Pacific butyl acrylate market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Butyl acrylates are a source of volatile organic compounds. Butyl acrylates are a source of volatile organic compounds. Major manufacturers in the industry are increasingly focusing on developing bio-based products, which have a smaller overall impact on the environment. The manufacturers are under constant pressure to develop sustainable products, which can reduce their carbon footprint on the environment. There are numerous factors driving the adoption of bio-based products among manufacturers, including consumer demand, waste reduction, and government regulations. Companies are focusing on using bio-based materials to meet their sustainability goals. Bio-based butyl acrylate is still in the developing stage, and only a handful of companies are manufacturing it, as its chemical properties are still far lesser than butyl acrylate. However, companies are in the process of developing it, which is expected to be a major trend during the forecast period.
The outbreak of COVID-19 is wreaking havoc on the economic growth of Asia Pacific countries. Various governments in Asia Pacific have been taking actions to limit the spread of SARS-CoV-2 by imposing lockdowns and other social restrictions. These changes are slowing down the import and export activities, which has led to the shortage of raw materials and laborers, severely impacting the production of butyl acrylate across the region. However, the rising government investments in the development of modern infrastructure in China and India are expected to drive the construction industry in the coming years, thereby boosting the need and production of butyl acrylate.
Market Overview and Dynamics
The butyl acrylate market in Asia Pacific is expected to grow from US$ 1,705.11 million in 2021 to US$ 2,368.74 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The automotive industry has witnessed substantial growth in sales in the past decade, and it is expected to grow substantially during the forecast period. Increasing income levels and declining prices of automobiles are the primary factors driving the demand for automobiles in Asia Pacific. Further, the rise in the young population will drive the demand for automobiles in Asia Pacific. Moreover, numerous government bodies are in the process of scrapping older vehicles at a given tax incentive which will boost the sales of newer vehicles in the market. The automotive sector is highly competitive, and companies operating in the industry are adopting numerous marketing strategies to boost sales. For instance, automotive companies in India are focusing on promoting their automobiles in rural areas. Numerous companies operating in the Indian automotive market are investing heavily in the automobile manufacturing sector to increase production and eventually sales for the company. An increase in the manufacturing of automobiles will fuel the demand for coating, thereby driving the butyl acrylate market during the forecast period.
Key Market Segments
Based on application, the paints and coatings segment accounted for the largest share of the Asia Pacific butyl acrylate market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific butyl acrylate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Wanhua Chemical Group Co.Ltd., Exxon Mobil Chemicals, Arkema S.A., Oswal Udhyog, Nippon Shokubai Co. Ltd., LyondelBasell Industries Holdings B.V., Sasol, Mitsubishi Chemical Corporation, Indenta Chemicals Pvt. Ltd., and TCI Chemicals Pvt. Ltd.
Reasons to buy report
- To understand the Asia Pacific butyl acrylate market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific butyl acrylate market
- Efficiently plan M&A and partnership deals in Asia Pacific butyl acrylate market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific butyl acrylate market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.
Asia Pacific Butyl Acrylate Market Segmentation
Asia Pacific Butyl Acrylate Market – By Application
- Paints and Coatings
- Adhesives & Sealants
- Chemical Synthesis
- Plastic Additives
- Textile
- Others
Asia Pacific Butyl Acrylate Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Asia Pacific Butyl Acrylate Market – Company Profiles
- Exxon Mobil Corporation
- Arkema S.A.
- Mitsubishi Chemical Corporation
- Oswal Udhyog
- Nippon Shokubai Co., Ltd.
- Indenta Chemicals Pvt. Ltd.
- TCI Chemicals Pvt. Ltd.
- Wanhua Chemical Group Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Sasol
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Butyl Acrylate Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers / Processing Companies:
4.3.3 Distributors:
4.3.4 End Users:
4.4 Expert Opinion
5. Corrugated Board Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expansion in the Construction Sector
5.1.2 Rising Application of Coatings in the Automotive Industry
5.2 Market Restraints
5.2.1 Harmful Health Effects and Regulations
5.3 Market Opportunities
5.3.1 Increasing Requirement for Paints and Coatings for Road Infrastructure
5.4 Future Trends
5.4.1 Sustainable Methods for the Development of Butyl Acrylates
5.5 Impact Analysis of Drivers and Restraints
6. Butyl Acrylate – Asia Pacific Market Analysis
6.1 Butyl Acrylate Market Overview
6.2 Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Butyl Acrylate Market Analysis – By Application
7.1 Overview
7.2 Butyl Acrylate Market Breakdown, by Application, 2020 & 2028
7.3 Paints and Coatings
7.3.1 Overview
7.3.2 Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Adhesives and Sealants
7.4.1 Overview
7.4.2 Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Chemical Synthesis
7.5.1 Overview
7.5.2 Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Plastic Additives
7.6.1 Overview
7.6.2 Plastic Additives: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Textiles
7.7.1 Overview
7.7.2 Textiles: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Butyl Acrylate Market – Country Analysis
8.1 Asia-Pacific: Butyl Acrylate Market
8.1.1 Asia-Pacific: Butyl Acrylate Market, by Key Country
8.1.1.1 Australia: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.1.1 Australia: Butyl Acrylate Market, by Application
8.1.1.2 China: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.2.1 China: Butyl Acrylate Market, by Application
8.1.1.3 India: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.3.1 India: Butyl Acrylate Market, by Application
8.1.1.4 Japan: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.4.1 Japan: Butyl Acrylate Market, by Application
8.1.1.5 South Korea: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.5.1 South Korea: Butyl Acrylate Market, by Application
8.1.1.6 Rest of Asia-Pacific: Butyl Acrylate Market –Analysis and Forecast to 2028 (US$ Million)
8.1.1.6.1 Rest of Asia-Pacific: Butyl Acrylate Market, by Application
9. Impact of COVID-19 Pandemic on Asia Pacific Butyl Acrylate Market
9.1 Overview
9.2 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Mergers and Acquisitions
10.3 Agreements, Collaborations and Joint Ventures
10.4 New Product Launches
10.5 Expansions and Other Strategic Developments
11. Company Profiles
11.1 Exxon Mobil Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arkema S.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mitsubishi Chemical Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Oswal Udhyog
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nippon Shokubai Co., Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Indenta Chemicals Pvt. Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 TCI Chemicals Pvt. Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Wanhua Chemical Group Co., Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 LyondellBasell Industries Holdings B.V.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Sasol
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. India Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Korea Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of Asia-Pacific Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, Butyl Acrylate Market
LIST OF FIGURES
Figure 1. Butyl Acrylate Market Segmentation
Figure 2. Butyl Acrylate Market Segmentation – By Country
Figure 3. Asia Pacific Butyl Acrylate Market Overview
Figure 4. Paints and Coatings Segment Held the Largest Share of the Asia Pacific Butyl Acrylate Market
Figure 5. China Held Largest Share of Asia Pacific Butyl Acrylate Market
Figure 6. Asia Pacific Butyl Acrylate Market, Key Market Players
Figure 7. Ecosystem: Butyl Acrylate Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Butyl Acrylate Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Butyl Acrylate Market Breakdown, by Application, 2020 & 2028
Figure 12. Paints and Coatings: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Adhesives and Sealants: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Chemical Synthesis: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Plastic Additives: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Textiles: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Asia Pacific: Butyl Acrylate Market, by Key Country – Revenue (2020) (US$ Million)
Figure 19. Asia-Pacific: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Australia: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 21. China: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. India: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Japan: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. South Korea: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Asia-Pacific: Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Exxon Mobil Corporation
- Arkema S.A.
- Mitsubishi Chemical Corporation
- Oswal Udhyog
- Nippon Shokubai Co., Ltd.
- Indenta Chemicals Pvt. Ltd.
- TCI Chemicals Pvt. Ltd.
- Wanhua Chemical Group Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Sasol
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific butyl acrylate market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific butyl acrylate market, as well as those hindering it
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