Global Methyl Acrylate Market Revenue Will Reach $574 Million in 2023

Methyl acrylate, usually synthesized by esterification reaction between methacrylic acid and various alcohols or phenolic compounds, is a type of organic compound. Methyl acrylate has a high refractive index and transparency, making it widely used in fields such as plastics, optical materials, coatings, etc.

In the plastic industry, methyl acrylate is typically copolymerized with other monomers to form transparent polymer materials. These materials have excellent weather resistance, impact resistance, and transparency, and are widely used in the manufacturing of automotive components, building materials, medical devices, electronic equipment, and more. In addition, methyl acrylate can also be used to prepare coatings, adhesives, insulation materials, fibers, and other specialty chemicals. Due to its active chemical properties, methyl acrylate can also be used to synthesize other compounds with important applications.

According to our research data, the total global consumption of methyl acrylate is expected to reach 402100 tons in 2023, with a market revenue of $574 million. Among the major downstream application fields, the coating industry is the largest consumer market. Data shows that the consumption of methyl acrylate in the coating industry is estimated to reach 148700 tons in 2023, accounting for 36.97% of the total consumption.

Global Methyl Acrylate Consumption and Market Share Prediction by Application in 2023

Source: www.globalmarketmonitor.com

From the perspective of the competitive landscape, the concentration of the global methyl acrylate market is relatively high. Data shows that the total production capacity of methyl acrylate of the top 3 enterprises was 182000 tons in 2020, while the total production capacity of the top 6 enterprises was 293000 tons. In terms of production, the total production of methyl acrylate by the top 3 enterprises was 127077 tons in 2020, accounting for 36.11% of the global total production. The top3 enterprises in the rankings were BASF, Dow, and Arkema, with methyl acrylate production accounting for 16.19% 10.24%, 9.68%, respectivelyin 2020.

Global Methyl Acrylate Production Capacity, Production and Proportion of Major Enterprises in 2020

Enterprises	Production Capacity (Tons)	Production (Tons)	Production Proportion
BASF	85000	56958	16.19%
Dow	52000	36048	10.24%
Arkema	45000	34071	9.68%
Top3	182000	127077	36.11%
Top6	293000	207445	58.95%

Source: www.globalmarketmonitor.com

For more information, please click: 《China Methyl Acrylate Industry Market Research Report 2023-2029》.