Report Overview

India Butyl Acrylate Market – Industry Trends & Forecast Report, 2030

India Butyl Acrylate Market size by value was estimated at USD 432.99 million in 2023. During the forecast period between 2024 and 2030, the India Butyl Acrylate Market size is projected to grow at a CAGR of 7.85% reaching a value of USD 534.03 million by 2030. A prominent driver of the market is the increasing application of butyl acrylate as a solvent in the paints and coatings, as well as adhesive and sealants sectors, predominantly within the expanding construction and automotive industries. The nation has witnessed a rising trend in residential and commercial development in recent years, driven by increasing investments and evolving lifestyles. Also, butyl acrylate plays a crucial role as an ingredient in pressure-sensitive adhesives, widely employed by the textile and construction sectors. Its presence in PVC modifiers and molding or extrusion additives further enhances its application in the plastics sector. With the upswing in construction activities and infrastructure development, there is an anticipated surge in demand for commodities like paints & coatings and plastics, consequently boosting the overall demand for Butyl Acrylate the period in analysis. By volume, the India Butyl Acrylate Market size was estimated at 261.66 thousand tons in 2023. During the forecast period between 2024 and 2030, the India Butyl Acrylate Market size is projected to grow at a CAGR of 7.01% reaching the volume of 301.09 thousand tons by 2030. The increasing use of butyl acrylate in the production of thermoplastic ethylene acrylate copolymers (EAC), containing up to 35% butyl acrylate, stands out as pivotal factor contributing to market expansion. The combination of butyl acrylate with other monomers, such as vinyl acetate, methyl methacrylate, acrylic acid, styrene, and other acrylate ester monomers, opens up possibilities for diverse copolymer compositions.

Butyl Acrylate Market – Overview

Butyl acrylate, an ester of acrylic acid, is synthesized by reacting acrylic acid with butanol in the presence of an acidic catalyst. This colorless liquid functions as an organic solvent in diverse industries, enhancing low-temperature characteristics and toughness in various products. Primarily used as a raw material, it plays a crucial role in the creation of homopolymers and co-polymers for water-based architectural and industrial paints. Its applications extend to cleaning materials, antioxidant compounds, fabrics, sealants, enamel paints, and paper finishes. Butyl acrylate is widely employed in polymer, leather, paint, adhesive, and textile industries, and its double bond makes it valuable as a chemical intermediate.

India Butyl Acrylate Market

Growth Drivers

Expanding Construction Industry

Butyl acrylate finds extensive application in the production of paints, coatings, sealants, and adhesives, particularly prominent in the construction industry. Its favorable attributes, such as durability, high hardness, and enhanced weather resistance, position it as a preferred material in construction applications. Consequently, the growing investments in building and construction activities contribute to the increased utilization of butyl acrylate, propelling market growth. For instance, in September 2021, the Asian Development Bank (ADB) approved a loan of USD 150 million (INR 1,095 crores) to provide access to inclusive, resilient, and sustainable housing for the urban poor in Tamil Nadu, India.

Challenges

Fluctuations in Raw Material Prices

The growth of the India Butyl Acrylate Market is hindered by fluctuations in raw material prices. Unpredictable variations in the costs of essential inputs create challenges for market stability and hinder overall growth prospects. Such fluctuations can impact the production costs, leading to increased operational expenses for businesses in the butyl acrylate sector. This economic uncertainty poses a constraint on the market's expansion, requiring strategic measures to navigate and mitigate the effects of these raw material price fluctuations.

Impact of Escalating Geopolitical Tensions on India Butyl Acrylate Market

Geopolitical tensions can have a multifaceted impact on the India Butyl Acrylate Market. The surge in upstream values, particularly crude oil, is exerting pressure on downstream derivatives, thereby elevating inflationary concerns for consumers. Butyl acrylate prices in the domestic market have responded with buoyancy, driven by multiple elements contributing to these fluctuations. A substantial driver for this upward trajectory is the notable increase in crude oil values, impacting critical feedstocks like n-Butanol and Acrylic Acid. The exponential rise in crude oil prices is a consequence of global uncertainties, with low inventories in the USA driving up spot prices of Brent. Simultaneously, geopolitical tensions between Russia and Ukraine have further heightened global contract purchases. Additionally, increased consumption in China, post-easing of the dual energy policy and winter Olympics-related restrictions, has influenced the overall pricing dynamics for crude oil globally. Also, heightened demand fundamentals for butyl acrylate in the downstream derivative segment contribute to the overall upward price trend in the Indian market.

India Butyl Acrylate Market

Segmental Coverage

India Butyl Acrylate Market – By Product Type

By product type, the India Butyl Acrylate Market is divided into I-Butyl Acrylate, N-Butyl Acrylate, and T-Butyl Acrylate segments. The n-butyl segment holds the highest share in the India Butyl Acrylate Market by type. It is primarily driven by its extensive applications in the construction, packaging, and automobile industries. N-butyl acrylate plays a crucial role in the production of styrene-butadiene-styrene (SBS) block copolymers, which hold significant importance in the building and construction sector. These block copolymers find widespread use in applications such as waterproofing membranes, coatings, sealants, adhesives, and binders within the construction domain. Consequently, the increased utilization of N-butyl acrylate in these applications is expected to further propel its adoption throughout the projected period.

India Butyl Acrylate Market – By Purity

Based on purity, the India Butyl Acrylate Market is split into High Purity and Common Purity segments.

India Butyl Acrylate Market – By Application

On the basis of application, the India Butyl Acrylate Market is divided into Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Plastic Additives, and Textiles segments. The paints & coatings segment holds the highest share in the India Butyl Acrylate Market by application, closely followed by the adhesive & sealants segment. It is primarily due to their growing applications in the construction and automotive industries. Additionally, the rising trend of substituting old coatings with water-based alternatives in combination with the increased usage of adhesives further contributes to the sustained leadership of these industries in the market.

India Butyl Acrylate Market – By Region

Geographically, the India Butyl Acrylate Market is divided into North India, South India, East India, and West India regions. West India holds the highest market share and is expected to maintain its dominance during the forecast period. Its dominance is attributed to key consumption in states like Gujarat and Maharashtra, driven by prominent industries such as Asian Paints. Until FY2022, the country relied on imports to meet the demand for butyl acrylate.

Competitive Landscape

Major players operating in India Butyl Acrylate Market include Bharat Petroleum Corporation Limited, BASF, Vizag Chemical, Dhalop Chemicals, Dow, Arkema, Otto Chemie Pvt Ltd, KR Chemicals, and LG Chem. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• I-Butyl Acrylate

• N-Butyl Acrylate

• T-Butyl Acrylate

By Purity

• High Purity

• Common Purity

By Application

• Paints & Coatings

• Adhesives & Sealants

• Chemical Synthesis

• Plastic Additives

• Textiles

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Butyl Acrylate Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing demand for paints and coatings
         2. Increasing demand for adhesives and sealants
         3. Expanding construction industry
         4. Rising disposable incomes
      2. Restraints
         1. Fluctuations in raw material prices
         2. Stringent environmental regulations
         3. Competition from imports
      3. Opportunities
         1. Focus on developing new and innovative applications for butyl acrylate
         2. Investments and sustainable development trends
         3. Expansion of automotive industry
      4. Challenges
         1. Lack of brand awareness
      5. Infrastructure challenges
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Butyl Acrylate Market: Marketing Strategies
5. India Butyl Acrylate Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
         1. I-Butyl Acrylate
         2.  N-Butyl Acrylate
         3.  T-Butyl Acrylate
      2. By Purity
         1. High Purity
         2.  Common Purity
      3. By Application
         1. Paints & Coatings
         2. Adhesives & Sealants
         3.  Chemical Synthesis
         4.  Plastic Additives
         5.  Textiles
         6. Others (Including Paper and Pulp, Leather Processing etc.)
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. North India Butyl Acrylate Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By Purity
      3. By Application
7. South India Butyl Acrylate Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By Purity
      3. By Application
8. East India Butyl Acrylate Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By Purity
      3. By Application
9. West India Butyl Acrylate Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By Purity
      3. By Application
10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Butyl Acrylate Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operation Channel Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
11. India Butyl Acrylate Market: Import & Export
12. Impact of Escalating Geopolitical Tensions on India Butyl Acrylate Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Bharat Petroleum Corporation Limited
    2. BASF
    3. Vizag Chemical
    4. Dhalop Chemicals
    5. Dow
    6. Arkema
    7. Otto Chemie Pvt Ltd
    8. KR Chemicals
    9. LG chem
    10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1       India Butyl Acrylate Market Segmentation

Figure 2       India Butyl Acrylate Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Figure 5       India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Figure 6       India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 7       India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Figure 8       India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Figure 9       India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Figure 10     India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Figure 11     India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Figure 12     India Butyl Acrylate Market Share, By Region, By Value (USD Million) 2019–2030

Figure 13     India Butyl Acrylate Market Share, By Region, By Volume (Thousand Tons) 2019–2030

Figure 14     North India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Figure 15     North India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Figure 16     North India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 17     North India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Figure 18     North India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Figure 19     North India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Figure 20     North India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Figure 21     North India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Figure 22     South India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Figure 23     South India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Figure 24     South India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 25     South India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Figure 26     South India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Figure 27     South India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Figure 28     South India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Figure 29     South India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Figure 30     East India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Figure 31     East India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Figure 32     East India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 33     East India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Figure 34     East India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Figure 35     East India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Figure 36     East India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Figure 37     East India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Figure 38     West India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Figure 39     West India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Figure 40     West India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 41     West India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Figure 42     West India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Figure 43     West India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Figure 44     West India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Figure 45     West India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

List of Tables      

Table 1        India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Table 2        India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Table 3        India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 4        India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Table 5        India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Table 6        India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Table 7        India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Table 8        India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Table 9        India Butyl Acrylate Market Share, By Region, By Value (USD Million) 2019–2030

Table 10      India Butyl Acrylate Market Share, By Region, By Volume (Thousand Tons) 2019–2030

Table 11      North India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Table 12      North India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Table 13      North India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 14      North India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Table 15      North India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Table 16      North India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Table 17      North India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Table 18      North India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Table 19      South India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Table 20      South India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Table 21      South India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 22      South India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Table 23      South India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Table 24      South India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Table 25      South India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Table 26      South India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Table 27      East India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Table 28      East India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Table 29      East India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 30      East India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Table 31      East India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Table 32      East India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Table 33      East India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Table 34      East India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Table 35      West India Butyl Acrylate Market Size, By Value (USD Million), 2019–2030

Table 36      West India Butyl Acrylate Market Size, By Volume (Thousand Tons), 2019–2030

Table 37      West India Butyl Acrylate Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 38      West India Butyl Acrylate Market Share, By Product Type, By Volume (Thousand Tons) 2019–2030

Table 39      West India Butyl Acrylate Market Share, By Purity, By Value (USD Million) 2019–2030

Table 40      West India Butyl Acrylate Market Share, By Purity, By Volume (Thousand Tons) 2019–2030

Table 41      West India Butyl Acrylate Market Share, By Application, By Value (USD Million) 2019–2030

Table 42      West India Butyl Acrylate Market Share, By Application, By Volume (Thousand Tons), 2019–2030

Table 43      Bharat Petroleum Corporation Limited Company Overview

Table 44      Bharat Petroleum Corporation Limited Financial Overview          

Table 45      BASF Company Overview                             

Table 46      BASF Financial Overview                             

Table 47      Vizag Chemical Company Overview                                 

Table 48      Vizag Chemical Financial Overview                                  

Table 49      Dhalop Chemicals Company Overview                             

Table 50      Dhalop Chemicals Financial Overview                              

Table 51      Dow Company Overview                              

Table 52      Dow Financial Overview                               

Table 53      Arkema Company Overview                                   

Table 54      Arkema Financial Overview                                   

Table 55      Otto Chemie Pvt Ltd Company Overview                                   

Table 56      Otto Chemie Pvt Ltd Financial Overview                                    

Table 57      KR Chemicals Company Overview                                   

Table 58      KR Chemicals Financial Overview                                    

Table 59      LG Chem Company Overview                                

Table 60      LG Chem Financial Overview