Acrylate Oligomer Market Trends: Expanding Applications in Automotive and Construction Industries

 

The market for acrylate oligomers is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% from its estimated valuation of USD 2.35 billion in 2023 to USD 4.05 billion by 2033. Because acrylate oligomer replaces traditional polymers in the paints and coatings and adhesives and sealants industries, there is expected to be a rise in sales of this product. The growing consumer preference for eco-friendly and bio-based products also helps the market.

The paints & coatings industry, fueled by construction activities and the demand for decorative paints, constitutes the largest end-use segment for acrylate oligomers. Similarly, the adhesives & sealants industry, particularly driven by the packaging sector, is the second-largest end-use segment, contributing to the market’s growth.

An essential growth driver for market is the rising adoption of acrylate oligomers as replacements for traditional polymers across various applications. Their outstanding properties, including high transparency, flexibility, and toughness, make them well-suited substitutes for polymers like polystyrene and polyvinyl chloride in industries like packaging, toys, and electronics. Furthermore, the market is propelled by the increasing demand for eco-friendly and bio-based products.

Heightened regulations on hazardous chemicals usage and growing environmental awareness contribute significantly to the rising demand for environmentally friendly and bio-based products in the market. Technological advancements, including the introduction of innovative cutting techniques and the utilization of biobased materials, have the potential to revolutionize the market. To maintain a competitive edge, continuous innovation and technological upgrades are crucial.

Acrylate oligomer manufacturers can expect promising growth opportunities in the upcoming decade, primarily driven by the advancing automotive and electronics industries. The exceptional properties of acrylate oligomers, especially their ability to create robust coatings and adhesives, make them an ideal choice for the automotive sector, where strong bonding properties are essential to withstand challenging environmental conditions. As new advanced acrylate oligomers enter the market, they are anticipated to further enhance and expand the global acrylate oligomer market in the near future.

Key Takeaways

  • The market in Asia Pacific is expected to expand at a CAGR of 5.8% during the forecast period.
  • The demand for acrylate oligomer in Europe is expected to expand at a CAGR of 5.5% during the forecast period.
  • Asia Pacific is expected to dominate the market by commanding over 38.8% market share in 2023.

“A surge in construction activities and expected advancements in the automotive industry are projected to drive market growth over the forecast period,” comments an FMI analyst

Competitive Landscape

The global acrylate oligomer market is intensely competitive due to the significant presence of domestic and regional players. To leverage emerging opportunities, leading acrylate oligomer manufacturers are adopting diverse strategies, including new product launches, partnerships, acquisitions, mergers, and establishing new manufacturing facilities in lucrative regions.

Key Companies Profiled

  • Arkema SA
  • BASF SE
  • Covestro AG
  • Royal DSM
  • Hitachi Chemical Company Ltd.
  • Nippon Gohsei
  • Lambson Limited
  • Allnex Group
  • Jiangsu Sanmu Group Corporation
  • Toagosei Co. Ltd.
  • IGM Resins B.V.
  • Alberdingk Boley GmbH
  • Miwon Specialty Chemical Co. Ltd.

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Key Segments Profiled in the Acrylate Oligomer Industry Survey

By Type:

  • Urethane
  • Polyester
  • Laminated
  • Epoxy
  • Others

By End Use Industry:

  • Automotive & Transportation
  • Chemicals & Plastics
  • Buildings and Construction
  • Paint & Coatings and Adhesives
  • Other Industries

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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