Global Acrylate Monomer Market TOC
Acrylate Monomers Market size was valued at USD 8.25 Billion in 2023 and is projected to cross USD 17.17 Billion by the end of 2036, expanding at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of acrylate monomers is estimated at USD 8.68 Billion. The use of acrylate monomers in construction materials, including insulation and concrete repair, is due to their high strength and ability to provide superior adhesion to a variety of surfaces. In addition, they are highly resistant to water and UV rays, making them suitable for outdoor applications. Additionally, growth in the construction sector due to rapid urbanization in developing countries is expected to boost the demand for paints and coatings, which will ultimately boost the demand for monomers acrylate. Such as, according to the World Bank, the total urban population is 4.4 billion people in 2021, up 2.3% from 2020. By 2050, nearly 7 in 10 people in the world will live in cities urban population and urban population growth will double.
Acrylic monomers are indispensable in the construction, automotive, packaging and electronics industries. Acrylic monomers have a unique advantage in that they easily combine with a variety of chemicals to form high-performance coatings, adhesives, and resins. Their popularity is due to their superior physical and chemical properties, including excellent toughness, transparency, and excellent resistance to weathering and aging.
Author Credits: Rajrani Baghel
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