FORT WORTH, Texas, June 11, 2015 /PRNewswire/ --
The global Ethyl Acrylate Market is expected to reach $605.0 million by 2019, at a CAGR of 4.6% from 2014 to 2019.
Browse through the TOC of global ethyl acrylate market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Ethyl acrylate is produced by the acid-catalyzed esterification of acrylic acid. It acts as a reagent in the formation of various pharmaceutical intermediates. It is a good dienophile, and is used in production of polymers including plastic, rubber, and denture materials. It is widely preferred in the material and chemical industry.
Factors influencing the growth of the global ethyl acrylate market include the widespread adoption of these materials among varied end-user industries, and the feasible properties of ethyl acrylate. The applications of ethyl acrylate include surface coating, adhesive & sealant, plastic additive, detergent, and textile among others. On the basis of geography, this market is segmented into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific is considered as a major market for ethyl acrylate, and this growth is mainly triggered by the rapid expansion of the construction and building industry. Due to a huge demand of ethyl acrylate from the Asia-Pacific and North American regions, owing to its good polymerization property, the global ethyl acrylate market is progressing at a rapid pace.
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Propylene is a raw material for acrylic acid. When the prices of propylene advance, it adversely affects the prices of acrylic acid and its derivatives. Being highly toxic in nature, it has certain safety and environmental concerns.
Most of the companies producing ethyl acrylate have adopted the expansion strategy to enhance their production. Asia-Pacific is dominating the market both in terms of value and volume. The Asia-Pacific ethyl acrylate market was valued at $264.5 million in 2014, and is projected to reach $364.4 million by 2019, at a CAGR of 6.6% from 2014 to 2019
In terms of applications, surface coating dominated the global ethyl acrylate market, by registering a market share of 36% in 2014. It was valued at $249.1 million in 2014, and is projected to reach $312.2 million by 2019, at a CAGR of 4.6% during the forecast period.
The global ethyl acrylate market demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis also covers important developments, expansions, agreements, and mergers & acquisitions of the leading companies thriving in this market.
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