
World - Esters Of Acrylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlobal Acrylic Acid Esters Market to Witness Steady Growth with a CAGR of +4.1% from 2023 to 2030
IndexBox has just published a new report: World - Esters Of Acrylic Acid - Market Analysis, Forecast, Size, Trends And Insights.
The global market for esters of acrylic acid is expected to see continued growth over the next seven years, with a forecasted increase in volume and value. The market is projected to expand with a CAGR of +4.1% in volume, reaching 3M tons by 2030, and a CAGR of +6.0% in value, reaching $6.5B by the end of 2030. Stay informed on the latest market trends and opportunities in this growing industry.
Market Forecast
Driven by increasing demand for esters of acrylic acid worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.1% for the period from 2023 to 2030, which is projected to bring the market volume to 3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2023 to 2030, which is projected to bring the market value to $6.5B (in nominal wholesale prices) by the end of 2030.

Consumption
World Consumption of Esters Of Acrylic Acid
In 2023, consumption of esters of acrylic acid decreased by -0.1% to 2.3M tons, falling for the second year in a row after two years of growth. The total consumption volume increased at an average annual rate of +1.6% from 2013 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 9.5% against the previous year. As a result, consumption reached the peak volume of 2.5M tons. From 2022 to 2023, the growth of the global consumption remained at a lower figure.
The global acrylic acid esters market value reduced markedly to $4.3B in 2023, dropping by -17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $5.2B in 2022, and then contracted remarkably in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2023 were India (234K tons), China (208K tons) and Turkey (173K tons), together comprising 27% of global consumption. The United States, South Africa, Germany, Italy, Belgium, Mexico, South Korea, Singapore, France and the Netherlands lagged somewhat behind, together comprising a further 42%.
From 2013 to 2023, the biggest increases were recorded for South Korea (with a CAGR of +34.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($461M), the United States ($361M) and India ($352M) appeared to be the countries with the highest levels of market value in 2023, with a combined 27% share of the global market. Germany, Turkey, South Africa, South Korea, Italy, Belgium, Mexico, the Netherlands, France and Singapore lagged somewhat behind, together accounting for a further 40%.
South Korea, with a CAGR of +32.9%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of acrylic acid esters per capita consumption in 2023 were Singapore (11 kg per person), Belgium (7.4 kg per person) and the Netherlands (2.9 kg per person).
From 2013 to 2023, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Korea (with a CAGR of +33.9%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Esters Of Acrylic Acid
In 2023, approx. 2.1M tons of esters of acrylic acid were produced worldwide; increasing by 1.5% on 2022. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, production attained the peak volume of 2.3M tons. From 2022 to 2023, global production growth failed to regain momentum.
In value terms, acrylic acid esters production contracted to $3.8B in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, production attained the peak level of $4.4B. From 2022 to 2023, global production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2023 were China (505K tons), the United States (329K tons) and Germany (231K tons), with a combined 50% share of global production. South Africa, Malaysia, France, Russia, Belgium, South Korea, Taiwan (Chinese), Saudi Arabia, the Czech Republic and Singapore lagged somewhat behind, together accounting for a further 47%.
From 2013 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by France (with a CAGR of +909.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Esters Of Acrylic Acid
In 2023, overseas purchases of esters of acrylic acid decreased by -8.6% to 2M tons, falling for the second consecutive year after three years of growth. Overall, total imports indicated a noticeable increase from 2013 to 2023: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -24.9% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of 2.6M tons. From 2022 to 2023, the growth of global imports remained at a lower figure.
In value terms, acrylic acid esters imports contracted dramatically to $3.7B in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, imports attained the peak of $5.8B. From 2022 to 2023, the growth of global imports remained at a lower figure.
Imports By Country
In 2023, Belgium (279K tons), India (242K tons) and Turkey (178K tons) was the major importer of esters of acrylic acid in the world, creating 35% of total import. It was distantly followed by Germany (106K tons), constituting a 5.3% share of total imports. The United States (88K tons), Mexico (86K tons), Italy (82K tons), the Netherlands (74K tons), China (62K tons), South Korea (60K tons), France (57K tons), Spain (51K tons) and Brazil (44K tons) followed a long way behind the leaders.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +11.9%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest acrylic acid esters importing markets worldwide were Belgium ($456M), India ($333M) and Turkey ($239M), together comprising 28% of global imports.
Among the main importing countries, Belgium, with a CAGR of +9.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2023, the average acrylic acid esters import price amounted to $1,883 per ton, falling by -23.6% against the previous year. Over the period under review, the import price saw a mild setback. The growth pace was the most rapid in 2021 an increase of 49%. Over the period under review, average import prices reached the peak figure at $2,464 per ton in 2022, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($2,648 per ton), while Turkey ($1,340 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Esters Of Acrylic Acid
In 2023, the amount of esters of acrylic acid exported worldwide fell to 1.9M tons, waning by -7.6% on the previous year. In general, total exports indicated a modest increase from 2013 to 2023: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -23.3% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of 2.4M tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.
In value terms, acrylic acid esters exports contracted sharply to $3.4B in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, the exports reached the peak of $5.2B. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.
Exports By Country
In 2023, China (360K tons), Belgium (277K tons), the United States (264K tons), Germany (196K tons), Malaysia (138K tons), France (112K tons), Taiwan (Chinese) (86K tons), Russia (78K tons), South Korea (70K tons), South Africa (47K tons), the Czech Republic (44K tons) and Saudi Arabia (40K tons) was the major exporter of esters of acrylic acid in the world, constituting 93% of total export.
From 2013 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of +59.1%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest acrylic acid esters supplying countries worldwide were Belgium ($555M), China ($507M) and the United States ($416M), with a combined 43% share of global exports. Germany, France, Taiwan (Chinese), South Korea, Russia, Malaysia, the Czech Republic, South Africa and Saudi Arabia lagged somewhat behind, together comprising a further 46%.
Among the main exporting countries, Saudi Arabia, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average acrylic acid esters export price stood at $1,859 per ton in 2023, falling by -20.1% against the previous year. Over the period under review, the export price showed a mild decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 50% against the previous year. The global export price peaked at $2,328 per ton in 2022, and then fell dramatically in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($3,238 per ton), while Malaysia ($1,165 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global acrylic acid esters market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143320 - Esters of acrylic acid
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024