Recent report published by research nester titled “Alkyl Acrylate Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global alkyl acrylate market in terms of market segmentation by application type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global alkyl acrylate market can be segmented on the basis of chemical groups, product types, functions, applications and region. On the basis of chemical groups it is further sub segmented into Hydrophobic and Hydrophilic. On the basis of product type it further sub segmented into Methacrylate Cross polymer, Butyl Acrylate, Ethyl Acrylate, Vinyl Isodecanoate Cross polymer, Vinyl Neodecanoate Cross polymer, Glycol Dimethacrylate Cross polymer and Sodium Acrylates Crosspolymer-2. Butyl acrylate is used widely among all acrylate types, and it is primarily used inpapers, paints, inks, textilesand adhesives. It can be used in surfactants, antioxidants, aqueous resins and cleaning agents. On the basis of function type, it is further sub segmented into Absorbents, Emulsion stabilizers and Viscosity boosters. On the basis of application, it is further sub segmented into Coatings, Textiles, Adhesives, personal care products, paper and Pharmaceuticals manufactures. The coatings sub segment is anticipated to grow at the fastest growing segment during the forecast period.
The CAGR of global alkyl acrylate market is anticipated to be over 6% during 2017-2027. It is anticipated to reach around USD 12 Bn by the end of 2027.The demand from various end users and application is driving the global alkyl acrylate market during the forecasted period.
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On the basis of region, global alkyl acrylate market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America dominates the global alkyl acrylate market on the account of rise in demand of cosmetics from female population. The increase in disposable income and high spending of the people will increase the market of global alkyl acrylate.
Increase in demand of skin care product will boost the global alkyl acrylate market
The sales of cosmetics have increased, which was mainly fueled by women becoming a major part of global workforce. Skin care is an important segment global cosmetics market. The manufacturers are consistently investing in development of chemicals that have multifunctional properties to produce best skin care product. There are many property, which is attributed by alkyl acrylate is that it acts as viscosity booster and absorbents.
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This report also provides the existing competitive scenario of some of the key players of the global alkyl acrylate market which includes company profiling of key companies such as BASF SE,Arkema, The Dow Chemical Company, Evonik Industries, NIPPON SHOKUBAI CO. LTD., SIBUR, LG Chem, SASOL Limited, Formosa Petrochemical Corporation, Mitsubishi Chemical Corporation. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global alkyl acrylate market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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