Product Code: ETC103663 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Acrylic ester Market registered a decline of -33.52% in value shipments in 2022 as compared to 2021 and an increase of 16.58% CAGR in 2022 over a period of 2017. In Acrylic ester Market India is becoming less competitive as HHI index in 2022 was 2874 while in 2017 it was 1985. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Acrylic ester Market.
Acrylic esters are a type of chemical compound used to make paints, coatings, adhesives and sealants. Acrylic resins, such as methyl methacrylate (MMA), butyl acrylate (BA) and ethylhexyl acrylate (EHAC), are the most commonly used acrylic esters. They are widely used in various industries such as coatings & adhesives, automotive, textiles, plastics & rubbers and others due to their superior properties such as light-weightedness; excellent weatherability; high gloss retention; low volatility; superior durability with UV resistance among others. India acrylic ester market is projected to grow at a CAGR of 5.3on account of its increasing use in several end user industries like automotive and construction across the country.
The growth in the demand for acrylic ester from various end user industries like automotive and construction is expected to drive the growth of India acrylic ester market over the forecast period. Additionally, rising consumer interest towards maintenance activities resulting into increasing demand for Eco-friendly cleaning solutions will further fuel upmarket expansion over coming years. Development of new products by leading companies operating in this domain will further propel industry. Favorable government regulations towards promoting usage of biodegradable solvents & cleaners owing to their environmental friendly nature has also been one key factor driving product penetration in recent past couple of years..
Volatility In Prices Of Raw Materials ??? Fluctuations in prices of key raw materials used while producing acrylic esters can hamper profitability margins of manufacturers making it difficult for them to sustain their business operations ultimately leading to reduced supply chain efficiencies
Some major players operating in India Acrylic Ester Market include BASF SE; Solvay S.A., Evonik Industries AG; Eastman Chemical Company; Nippon Shokubai Co Ltd.; Arkema SA; LG Chem Ltd.; Sumitomo Chemicals Co., Ltd.; Celanese Corporation; Mitsubishi Gas Chemical Company Inc.; OMNOVA Solutions Inc..
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Acrylic ester Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Acrylic ester Market Revenues & Volume, 2020 & 2027F |
3.3 India Acrylic ester Market - Industry Life Cycle |
3.4 India Acrylic ester Market - Porter's Five Forces |
3.5 India Acrylic ester Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 India Acrylic ester Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 India Acrylic ester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Acrylic ester Market Trends |
6 India Acrylic ester Market, By Types |
6.1 India Acrylic ester Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Acrylic ester Market Revenues & Volume, By Type, 2018 - 2027F |
6.1.3 India Acrylic ester Market Revenues & Volume, By Methyl Acrylate, 2018 - 2027F |
6.1.4 India Acrylic ester Market Revenues & Volume, By Ethyl Acrylate, 2018 - 2027F |
6.1.5 India Acrylic ester Market Revenues & Volume, By Butyl Acrylate, 2018 - 2027F |
6.1.6 India Acrylic ester Market Revenues & Volume, By 2-EH Acrylate, 2018 - 2027F |
6.1.7 India Acrylic ester Market Revenues & Volume, By Others, 2018 - 2027F |
6.2 India Acrylic ester Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Acrylic ester Market Revenues & Volume, By Surface Coatings, 2018 - 2027F |
6.2.3 India Acrylic ester Market Revenues & Volume, By Adhesives and Sealants, 2018 - 2027F |
6.2.4 India Acrylic ester Market Revenues & Volume, By Plastic additives, 2018 - 2027F |
6.2.5 India Acrylic ester Market Revenues & Volume, By Detergents, 2018 - 2027F |
6.2.6 India Acrylic ester Market Revenues & Volume, By Textiles, 2018 - 2027F |
7 India Acrylic ester Market Import-Export Trade Statistics |
7.1 India Acrylic ester Market Export to Major Countries |
7.2 India Acrylic ester Market Imports from Major Countries |
8 India Acrylic ester Market Key Performance Indicators |
9 India Acrylic ester Market - Opportunity Assessment |
9.1 India Acrylic ester Market Opportunity Assessment, By Type, 2020 & 2027F |
9.2 India Acrylic ester Market Opportunity Assessment, By Application, 2020 & 2027F |
10 India Acrylic ester Market - Competitive Landscape |
10.1 India Acrylic ester Market Revenue Share, By Companies, 2020 |
10.2 India Acrylic ester Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |