Methyl Acrylate Market Size

Methyl Acrylate Market size is expected to reach USD 887 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of methyl acrylate was USD 386 Million. Methyl acrylate is used in the production of acrylic polymers, which offers excellent clarity, strength, and barrier properties. These properties make them ideal for food packaging materials, ensuring the safety and preservation of packaged products. These films are appropriate for applications needing protective packaging materials because of their transparency, flexibility, and barrier qualities. According to a recent report, 34 % of the acrylate was used for packaging purposes in the year 2020.

Methyl acrylate can undergo polymerization to form polymethyl acrylate, which is used in adhesives, coatings, and textiles. To create photopolymers and copolymers for use in a variety of industrial applications, including latex and synthetic rubbers, cleaning and waxing products, etc., methyl acrylate is utilized. Methyl acrylate reacts additionally with a broad range of both inorganic and organic substances. Several pharmaceutical intermediates are synthesized using methyl acrylate as a reagent.