India Acrylate Esters Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Type, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Format: Online | Last Updated: Feb 2021

Acrylate Esters demand in India grew at a CAGR of around 6.92% during 2016-2019 and is expected to achieve a healthy growth rate during the forecast period. Acrylate Esters has properties like heat and ageing resistance, less toxicity, color stability and low-temperature flexibility. These properties drive its adoption in the end user industries like Paints and Coatings, Textile, Plastic and Adhesive Industry. With the booming population, the infrastructure and construction industry are expected to grow that will drive the demand of Acrylate Esters in India. Acrylate Esters are used in the production of Acrylic Acid that has huge demand in India in the coming years. 
 
The major consumption of acrylate esters is of Butyl Acrylate in Paints and Coatings and Adhesives and Sealants Industry. The water proofing ability of Butyl Acrylate is the property that is used in the end-user industries. In the forecast years, the demand of Butyl Acrylate in Paints and Coating Industry is expected to grow. West India is the major consuming region in India. Methyl acrylate owing to high water and sunlight resistant properties has applications in latex paints production. Ethyl acrylate is widely used in the application in wastewater treatment chemicals. Due to stringent government regulations, the demand of ethyl acrylate is expected to increase in the forecast years. The demand of butyl acrylate in polymerization is also increasing. Fluctuating crude oil prices impact the acrylate esters prices.
 
However, sudden outbreak of novel coronavirus hard hit the country’s Acrylate Esters sector as several Indian ports had to declare force majeure in compliance with the government’s lockdown measure in country’s battle against COVID-19. Acrylate Esters supplies remained tight throughout the final quarter of 2020 as the Indian market is dependent on exports from other countries. 
 
Years Considered for this Report:
 
Historical Years: 2015– 2019 
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
 
Objective of the Study: 
 
•The primary objective of the study was to evaluate and forecast Acrylate Esters production, demand, inventory, and demand – supply gap in India. 
•To categorize demand for Acrylate Esters based on end use, sales channel and region.
•To study trade dynamics and company share in India Acrylate Esters market. 
•To identify major customers of Acrylate Esters in India.
•To evaluate and forecast Acrylate Esters pricing in India.
•To identify and profile major companies operating in India Acrylate Esters market.
•To identify major developments, deals and expansion plans in India Acrylate Esters market. 
 
  Currently there are no manufacturers of acrylate esters in India but Bharat Petroleum Corporation Limited is expected to introduce a manufacturing plant of butyl acrylate and 2 Ethyl Hexyl Acrylate by 2023. India is dependent on imports from international companies for Acrylate Esters.
 
  Import of Acrylate Esters declined by almost 20 per cent in FY 2020 and Acrylate Esters prices were assessed at USD XXX per MT on bulk contract basis. 
 
To extract data for India Acrylate Esters market, primary research surveys were conducted with manufacturers, suppliers, distributors, wholesalers and end users of Acrylate Esters. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Acrylate Esters market over the coming years. 
 
ChemAnalyst calculated Acrylate Esters demand in India by analyzing the historical data and demand forecast was carried out considering the end use industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
 
Key Target Audience:
 
•Acrylate Esters manufacturers and other stakeholders
•Organizations, forums and alliances related to Acrylate Esters distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acrylate Esters manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities. 
 
Report Scope:
 
In this report, the India Acrylate Esters market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by Type
Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate and Others
Market, by End Use
Paints & Coatings, Adhesives and Sealants, Textiles and Others
Market, by Application
Additives, Binders, Surfactants etc.
Market, by Sales Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North, South, East, West
 
Competitive Landscape

ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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