Acrylates - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics
|Acrylates are the salts and esters of acrylic acid. They are produced by esterification process of acrylic acid with the alcohol. Some major acrylates are: Butyl Acrylate, Methyl Acrylate, Ethyl Acrylate. Uses and Applications Butyl Acetate is used to provide flexibility, water resistance to paints, leather textiles, paper coatings etc. Butyl Acetate is also used in making polymers. Methyl Acrylate is mainly produced to make acrylate fiber, which is used to weave synthetic carpets. It is also a reagent in the synthesis of various pharmaceutical intermediates. It is used in making aqueous resins. Ethyl acrylate is also used in the production of polymers including resins, plastics, rubber, and denture material. It is used to form paint coatings that are resistant to water, sunshine, and weather and also imparts dirt resistance, improves abrasion, and binds pigments to fabric. Market Survey Major markets for acrylate esters include surface coatings, textiles, paper coatings, adhesives and sealants, and plastics. Acrylic Acid and Acrylate Esters are also widely used petroleum based chemicals with well documented manufacturing processes, economics, and performance requirements. The acrylic acid and acrylate esters market is attractive because they are high volume and high margin chemicals with growth rates exceeding GDP in many regions. Growth is mainly being driven by emerging markets of China and India that are adopting an increasing amount of Western products that use acrylic acid as intermediates. In 2011, the global acrylic acid consumption amounted to 5.21 million tons, of which, that used for producing super absorbent polymer (SAP), paints & coatings, adhesives occupied 63%. In China, the acrylic acid & esters industry has seen rapid development in recent years, with basic self-sufficiency, but accompanied by fierce competition among manufacturers. In January 2012, BASF announced the establishment of a new set of 190,000 tons/a fine acrylic acid device in the Nanjing Chemical Industry Park, so as to further increase its market share in China. Listed in 2011, Zhejiang Satellite Petro Chemical has raised funds for the expansion of Acrylic Acid & Esters Phase. There is a lot of room for the paints sector to grow in India, as current consumption per capita stands at 1.5-2kg for India, compared with the rest of southeast Asia at about 5kg, and 20-25kg in Europe, an India- based player said The demand of this product depends on the global scenario pertaining to the product and globally the demand is increasing.|
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