Market Overview:
Methacrylate monomers, is an important industrial monomer which is used in various industries such as architectural, automotive¸ aerospace, marine, construction, and others. Basically, methacrylate is the building block for a huge range of acrylic applications that are found in various industries worldwide. Demand for methacrylate monomers has grown over years due to applicable in growing industries such as automotive and construction. Therefore, a necessity for large investment in methacrylate monomers industry and a requirement for improved the manufacturing technologies is became worldwide demand. Methacrylate monomers are specialty chemicals developed for very specific applications such as coatings, paints, inks, adhesives, and others. They can be also used as chemical intermediates, to enhance compatibility, flexibility, impact modification, heat resistance, crosslinking. They helps to enhance the performance of advanced materials by reducing replacing styrene, improving surface rigidity, and influence resistance.
The demand of methacrylate monomers is highly in the Asia-Pacific region which is primarily driven by the rising demand for high quality coatings from end-use industries. In addition, in terms of value, Asia-Pacific is likely to be the highest growing market for methacrylate monomers. Moreover, this high growth is because of the increased demand from the automotive, construction, and aerospace industry in the region.
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Segmentation
The global methacrylate monomers market is majorly segmented on the basis of derivatives, application, end users and region. Based on derivatives of methacrylate monomers the market is segmented into behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Furthermore, based on application of methacrylate monomers the market is segmented into as coatings, paints, inks, elastomers, adhesives, and others. On the other hand, based on end user the market segmented into architectural, automotive¸ aerospace, marine, construction, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Regional Analysis
Asia Pacific is the largest market of methacrylate monomers due to demand in various applications such as coatings, paints, inks, elastomers, adhesives, and others, in China region followed by Japan, and India. Increasing demand for automotive industry in China, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global methacrylate monomers market followed by increasing in the consumption of methacrylate monomers market in North America region. In North America region, methacrylate monomers market is mainly drive by automotive, construction and aerospace industry. In addition, the third largest market of methacrylate monomers is Europe region due to large consumption in construction and architecture industry. Moreover, Latin America and Middle East also witnessed in growth of methacrylate monomers market due to various application such as coatings, paints, inks, elastomers, adhesives, and others.
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Key Players
- Mitsubishi Rayon Co. Ltd
- Sumitomo Chemical Co., Ltd
- Chi Mei Corporation
- Arkema Group
- BASF SE
- Evonik Industries
- The Dow Chemical Company
- Lucite International
- Eastman Chemical Company
- Monomer-Polymer & Dajac Labs
Geographic Analysis
The report covers brief analysis of geographical region such as North America, Europe, APAC, and RoW.
The report about Global Methacrylate monomers Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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