Middle East and Africa Butyl Acrylate Market

Market Introduction

The Middle East and Africa 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 Middle East and Africa. Further, the rise in the young population will drive the demand for automobiles in Middle East and Africa. 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.

Various chemicals & materials companies were closed during the lockdown periods, resulting in low production and sales of butyl acrylate and other products. A slowdown in demand from the paints and coatings industries is negatively impacting the market growth across the Middle East & Africa. However, the implementation of effective government policies in countries such as the UAE has significantly helped revive the industrial sector across the region, which is projected to favor the growth of the butyl acrylate market in the coming years.

Middle East and Africa Butyl Acrylate Strategic Insights

Strategic insights for the Middle East and Africa Butyl Acrylate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Butyl Acrylate Report Scope

Middle East and Africa Butyl Acrylate Regional Insights

The geographic scope of the Middle East and Africa Butyl Acrylate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The butyl acrylate market in Middle East and Africa is expected to grow from US$ 76.11 million in 2021 to US$ 99.16 million by 2028; it is estimated to grow at a CAGR of 3.9% 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 Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa butyl acrylate market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.

Middle East and Africa Butyl Acrylate Market Segmentation

Middle East and Africa Butyl Acrylate Market – By Application

• Paints and Coatings
• Adhesives & Sealants
• Chemical Synthesis
• Plastic Additives
• Textile
• Others

Middle East and Africa Butyl Acrylate Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Middle East and Africa 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