2-Phenylthioethyl Acrylate (PETA) Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.65 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
Between 2018 and 2022, the market for PETA grew steadily, with manufacturers across Asia-Pacific, North America, and Europe increasing their production capacities to meet demand. Factors such as rising urbanization, industrialization, and increased investments in infrastructure projects led to heightened demand. However, challenges such as fluctuating raw material prices, regulatory constraints, and environmental concerns sometimes hindered the market's potential for growth. During this period, PETA saw heightened interest from the electronics sector, particularly in the development of advanced components where its chemical stability and performance at high temperatures were essential. Additionally, the focus on sustainable manufacturing practices impacted market strategies, with efforts to create more eco-friendly derivatives of PETA.
The market outlook for 2023 to 2033 presents a different scenario, with expectations of accelerated growth driven by technological advancements and an expanding range of applications. The demand for PETA is predicted to rise significantly, especially in the field of high-performance coatings, advanced adhesives, and materials for aerospace applications. As industries become more reliant on durable and lightweight materials, PETA's unique properties are anticipated to be in greater demand. Additionally, the growing emphasis on sustainable chemistry is expected to lead to the development of more environmentally friendly variants of PETA, further boosting its market potential. With increased research and development activities, the 2-Phenylthioethyl Acrylate market is set to become a crucial element in the materials industry, spanning diverse applications such as automotive, construction, and electronics. The anticipated growth in the demand for PETA will be supported by both new product innovations and increased production capabilities from key players in the market.
Get an In-Depth Research Analysis of the Global 2-Phenylthioethyl Acrylate (PETA) Market Size And Forecast [2025-2032]
The 2-Phenylthioethyl Acrylate (PETA) market has seen significant fluctuations from 2018 to 2022, driven by various industry trends, evolving demand, and supply chain dynamics. PETA, a chemical compound widely used in industries such as adhesives, coatings, and polymers, experienced a varied growth trajectory. Over this period, its demand was primarily influenced by the increasing use of advanced materials in automotive, construction, and electronics, where its unique chemical properties were highly valued. The demand for PETA peaked in several key regions due to the expansion of the automotive and construction sectors, with major manufacturers pushing for stronger, more durable materials that PETA enhances. Additionally, innovations in the adhesive and coating industries contributed to its growing utilization during this period.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2-Phenylthioethyl Acrylate (PETA) Market
Coating
Plastics
Other
Based on Types the Market is categorized into Below types that held the largest 2-Phenylthioethyl Acrylate (PETA) market share In 2023.
0.98
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2-Phenylthioethyl Acrylate (PETA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2-Phenylthioethyl Acrylate (PETA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2-Phenylthioethyl Acrylate (PETA) Market, By Type
6. Global 2-Phenylthioethyl Acrylate (PETA) Market, By Application
7. Global 2-Phenylthioethyl Acrylate (PETA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 2-Phenylthioethyl Acrylate (PETA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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