Europe 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 Europe 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. 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 Europe. Further, the rise in the young population will drive the demand for automobiles in Europe. 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 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.
Many major European countries are expected to suffer economic losses due to the lack of revenue from various industries. The construction industry across Europe has been severely impacted by the COVID-19 pandemic, owing to the pause on ongoing, nonessential construction activities and reduction in new projects. This has hampered the demand for butyl acrylate in Europe. However, the rapid pace of vaccination in European countries is likely to fade these effects in the coming years, leading to favorable conditions for the growth of the butyl acrylate market across the region.
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Market Overview and Dynamics
The butyl acrylate market in Europe is expected to grow from US$ 784.20 million in 2021 to US$ 1,062.06 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. 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.
Key Market Segments
Based on application, the paints and coatings segment accounted for the largest share of the Europe 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 Europe 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 Europe butyl acrylate market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe butyl acrylate market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.
Europe Butyl Acrylate Market Segmentation
Europe Butyl Acrylate Market – By Application
- Paints and Coatings
- Adhesives & Sealants
- Chemical Synthesis
- Plastic Additives
- Textile
- Others
Europe Butyl Acrylate Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe 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. Europe 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 Development in the Construction Sector
5.1.2 Incrementing Demand for Coatings from the Automotive Industry
5.2 Market Restraints
5.2.1 Various Regulations along with Harmful Health Hazards
5.3 Market Opportunities
5.3.1 Surge in the Demand for Paints and Coatings for Road Infrastructure
5.4 Future Trends
5.4.1 Incorporation of Sustainable Development Methods
5.5 Impact Analysis of Drivers and Restraints
6. Butyl Acrylate – Europe Market Analysis
6.1 Butyl Acrylate Market Overview
6.2 Butyl Acrylate Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe 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. Europe Butyl Acrylate Market – Country Analysis
8.1 Europe
8.1.1 Europe: Butyl Acrylate Market, by Key Country
8.1.1.1 Germany: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 Germany: Butyl Acrylate Market, by Application
8.1.1.2 France: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 France: Butyl Acrylate Market, by Application
8.1.1.3 Italy: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 Italy: Butyl Acrylate Market, by Application
8.1.1.4 UK: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.4.1 UK: Butyl Acrylate Market, by Application
8.1.1.5 Russia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.5.1 Russia: Butyl Acrylate Market, by Application
8.1.1.6 Rest of Europe: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.6.1 Rest of Europe: Butyl Acrylate Market, by Application
9. Impact of COVID-19 Pandemic on Europe Butyl Acrylate Market
9.1 Overview
9.2 Europe: 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 1Key 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. Germany Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. France Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Italy Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. UK Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Russia Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of Europe Butyl Acrylate Market, by Application – Revenue and Forecast to 2028 (USD 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. Europe Butyl Acrylate Market Overview
Figure 4. Paints and Coatings Segment Held the Largest Share of the Europe Butyl Acrylate Market
Figure 5. Germany Held Largest Share of Europe Butyl Acrylate Market
Figure 6. Europe Butyl Acrylate Market, Key Market Players
Figure 7. Ecosystem: Butyl Acrylate Market
Figure 8. Expert Opinion
Figure 9. Europe Butyl Acrylate Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: 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. Europe: Butyl Acrylate Market, by Key Country – Revenue (2020) (US$ Million)
Figure 19. Europe: Butyl Acrylate Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Germany: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. France: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UK: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Russia: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Butyl Acrylate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Europe 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
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