Lauryl Acrylate Market
Lauryl Acrylate Market Analysis By Purity, By Form (Solid, Liquid), By Application (Adhesive Formulations, Coating Formulation, Textile Finishing) and By Region – Global Market Insights 2023 to 2033
Analysis of Lauryl Acrylate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lauryl Acrylate Market Outlook (2023 to 2033)
According to a new study by Fact.MR, the global lauryl acrylate market is estimated at US$ 305.6 million in 2023 and is forecasted to expand at a CAGR of 5.2% and reach a size of US$ 507.3 million by 2033-end.
Due to its unique chemical structure and properties such as low viscosity, adhesiveness, flexibility, chemical resistivity, solubility, and compatibility, lauryl acrylate is widely consumed in various industries. It is widely used in the production of adhesives, coatings and paints, textiles, construction materials, packaging, and personal care products.
The need to manufacture diverse polymers, coatings, adhesives, sealants, and inks is propelling the requirement for lauryl acrylate. As a monomer, lauryl acrylate plays a crucial role in several polymerization processes and holds immense value in the production of polymers.
|Lauryl Acrylate Market Size (2022A)||US$ 290.5 Million|
|Estimated Market Value (2023E)||US$ 305.6 Million|
|Forecasted Market Value (2033F)||US$ 507.3 Million|
|Global Market Growth Rate (2023-2033)||5.2% CAGR|
|China Market Share (2023)||25.9%|
|U.S. Market Growth Rate (2023 to 2033)||5.7% CAGR|
|Key Companies Profiled||
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Sales Analysis of Lauryl Acrylate (2018 to 2022) vs. Market Estimations (2023 to 2033)
The market expanded at 1.7% CAGR from 2018 to 2022 and is predicted to advance at a CAGR of 5.2% during the forecast period (2023 to 2033), according to Fact.MR, a market research and competitive intelligence provider. Lauryl acrylate, also known as dodecyl acrylate, is an ester of acrylic acid and lauryl alcohol.
- Short Term (2023 to 2026): Increasing demand for adhesives, coatings, sealants, and ink from various industries is anticipated to drive sales of lauryl acrylate.
- Medium Term (2026 to 2029): Demand for lauryl acrylate is driven by its versatile applications in the construction sector. This compound finds extensive applications in construction, as it serves as a binding agent for diverse construction materials and as an adhesive in paints and coatings to enhance surface adhesion, effectively filling cracks and voids and contributing as a waterproofing agent for roofing applications.
- Long Term (2029 to 2033): Rapid industrialization and urbanization are foreseen to lead to higher demand for various specialty chemicals, housing, and consumer goods . With this, demand for lauryl acrylate is projected to exhibit a consistent growth trajectory in the chemical synthesis industry.
What are the Factors Influencing the Demand Growth for Lauryl Acrylate?
“Water-repellent Properties of Lauryl Acrylate Enhancing Textile Quality & Durability”
Lauryl acrylate is an acrylate monomeric structure that consists of a long hydrocarbon chain forming the lauryl group. These carbon atoms are linked to an acrylate functional group, which consists of a double bond and a carbonyl group. This arrangement helps in improving the reactivity of the polymerization reaction.
Playing a pivotal role as finishing agents in textile preparation, the water-repellent properties of lauryl acrylate enable the creation of exceptional textile finishes and enhance the quality and durability of textile products. Increasing adoption of advanced technology in textile processing is projected to fuel the demand for lauryl acrylate due to its significant contribution to this sector.
“Extensive Use of Polymerized Lauryl Acrylate for Enhanced Adhesive Viscosity & Flexibility”
Adhesives are used to bind materials together by creating a cohesive bond between them. Lauryl acrylate is obtained from lauryl alcohol and acrylic acid, and it is predominantly used in adhesive production. Adhesives have extensive applications in construction, packaging, textiles, automotive, and many other industries.
Lauryl acrylate can undergo multiple polymerization reactions, transitioning from a monomer to a polymer within these processes. The resulting polymerized lauryl acrylate contributes to the viscosity and flexibility of the adhesive, while its hydrocarbon chain augments the affinity of the adhesive for binding to surfaces.
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What are the Hindrances to the Adoption of Lauryl Acrylate?
“Allergic Skin Complications Associated with Prolonged Exposure to Lauryl Acrylate”
Prolonged exposure to lauryl acrylate can result in significant skin complications. This sensitizer prompts an allergic reaction by reacting with skin proteins upon contact. The release of histamine from the immune system causes skin irritation, allergic manifestations, and itching.
While symptoms may differ among individuals, they can encompass swelling, blisters, and severe itching. Due to the potential for substantial skin problems, it is crucial to exercise proper care when handling this substance, especially during initial contact.
Which Key Factors are Driving the Market for Lauryl Acrylate in the United States?
“Increasing Incorporation of Lauryl Acrylate into Cosmetics for Enhanced Spreadability”
The United States market is anticipated to advance at a CAGR of 5.7% to reach US$ 153.2 million by the end of 2033.
Lauryl acrylates are utilized in adhesives, paints, coatings, personal care products, and sealants, driving their demand across the United States. To cater to consumers’ demand, cosmetic companies have begun incorporating lauryl acrylate into their products.
Utilization of lauryl acrylate improves the texture, stability, adhesiveness, and moisture content of products, thereby extending wear. Inclusion of lauryl acrylate in sunscreens, lotions, and foundations enhances the spreadability of these products. This escalation in demand is providing profitable opportunities for lauryl acrylate manufacturers and suppliers to cater to the evolving needs of various industries in the United States.
Why are Sales of Lauryl Acrylate Increasing in China?
“High Lauryl Acrylate Sales Due to Increased Need for Coatings and Adhesives in Construction”
China is estimated to account for 25.9% share of the global market in 2023
China has the world’s second-largest population, which has fueled demand for adhesives and coatings and the need for lauryl acrylate. The country's rapid economic progress, surging consumer requisites, expansion of the adhesives and coatings sector, and modernization of textile industries collectively generate substantial demand for lauryl acrylate.
Urbanization is fueling the need for coatings and adhesives in sectors such as construction and automotive. This phenomenon has correspondingly broadened the spectrum of lauryl acrylate applications in industrial pursuits.
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How Beneficial is Lauryl Acrylate in the Formulation of Coatings?
“Lauryl Acrylate Incorporation Leading to Enhanced Durability & Flexibility of Coatings”
Lauryl acrylates are polymers with multiple ether linkages. They have allyl groups attached to their polymer. The allyl groups present in the polyether take part in chemical reactions like crosslinking reactions and helps in improving the network between the polymers that make them the perfect choice for coating formulations. When lauryl acrylate is incorporated into coatings, it enhances the adhesiveness of metals, plastics, and others. Thus, there is an increase in durability, flexibility, and resistance.
Why is the Powdered Form of Lauryl Acrylate More Popular?
“Extensive Use of Lauryl Acrylate Driven by Ease of Storage and Reduced VOC Emissions”
Lauryl acrylate has additive properties, and the powdered form of lauryl acrylate is widely used in various products it increases the adhesiveness, flexibility, and durability of products. The powdered form of lauryl acrylate is easy to store and use and reduces VOC emissions.
Powdered coatings are extremely useful in thermosetting and electrostatic applications. They play a role in architectural and automotive coating formulations, additionally enhancing adhesion properties between various substrates and surfaces.
OSAKA Organic Chemical Industry Ltd., Scientific Polymer Products Inc., BASF SE, Shanghai CRM New Material Technology Co., Ltd, Arkema S.A., San Easters Corp., Green Chemical Co., Ltd., N. Shashikant & Company, United Mud Chemicals, Jamorin International, Miwon Speciality Chemical Limited, and Sinocure Chemical Co., Ltd. are leading lauryl acrylate manufacturing companies.
Several market players are working on continuous product innovation and sustainable production. They also largely invest in research and development to introduce new and improved lauryl acrylate products to meet newer applications. This is expected to improve the features and enhance the longevity and functionality of the products.
Diversification is another crucial aspect of their strategy because it helps widen the application of lauryl acrylate across various fields. To ensure product quality and standards, dealers are investing in strengthening their product development and supply chain management systems.
Fact.MR has provided detailed information about the price points of key manufacturers of lauryl acrylate positioned across regions, sales growth, production capacity, and speculative technological expansion, in this recently published report.
Segmentation of Lauryl Acrylate Industry Research
By Purity :
By Form :
- Flakes & Crystals
By Application :
- Adhesive Formulations
- Coating Formulations
- Architectural Coatings
- Industrial Coatings
- Automotive Coatings
- Textile Finishing
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
The global lauryl acrylate market was valued at US$ 290.5 million in 2022.
The lauryl acrylate market advanced at 1.7% CAGR from 2018 to 2022.
Key lauryl acrylate manufacturers are OSAKA Organic Chemical Industry, BASF SE, and Jamorin International.
The market for lauryl acrylate is predicted to reach US$ 507.3 million in 2033.
Sales of lauryl acrylate in the U.S. are projected to rise at 5.7 CAGR through 2033.