Methyl Acrylate Market Share

APAC Market Forecast

Methyl acrylate market for the Asia Pacific is poised to hold a share of 36% during the foreseen period. The region is rapidly becoming more urbanized and industrialized, which is increasing the demand for methyl acrylates in a variety of goods and applications, including textiles, adhesives, coatings, and polymers. For instance, according to a 2015 research, the textile industry was valued at about 25 billion dollars, and by 2020, it was expected to grow to about 34 billion dollars. Additionally, the Asia Pacific packaging market is expanding rapidly as a result of shifting consumer preferences, rising e-commerce, and changing lifestyles. In addition, the Asia Pacific construction sector is seeing rapid expansion due to factors such as urbanization, infrastructure development initiatives, and population growth.

North American Market Statistics

North American methyl acrylate market is expected to hold the second-largest share of 27% by the end of 2036. The region is a hub for automotive manufacturing and assembly. Methyl acrylate-based adhesives and sealants are widely used in automotive industry processes for bonding lightweight materials, sealing joints, and reducing noise and vibration. Furthermore, the packaging industry in North America is witnessing steady growth due to increasing consumer demand for packaged goods, e-commerce, and sustainability trends. For instance, a convergence of industry-specific developments, investor expectations, legislative changes, and consumer preferences has led to a larger shift towards more sustainable and responsible business practices, which is reflected in the growing significance of ESG elements in North America.