Methacrylic Ester Market Overview 2023
Global methacrylic ester market has been segmented on the basis of application, end use industries, and regions. On the basis of application, the market is segmented into sizing agent, adhesives, oil additives, binder, and others. Based on the end use industries, the market is categorized into pulp & paper, lubricant, paint & coatings, textile, construction and others. Based on region, methacrylic ester market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.
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Global Key Players
Some of the prominent players operating in the methacrylic ester market are BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik (Germany), U-PICA Company.Ltd. (Japan), Sigma-Aldrich Co. LLC. (U.S.), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Fushun Anxin Chemical Co., Ltd. (China), NOF CORPORATION. (Japan), Michelman, Inc. (U.S), Lucite International (UK), and others.
- Methacrylic ester manufacturers
- Traders and Distributors of methacrylic ester
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
As per analysis, some of the prominent market factors and trends identified in the global methacrylic ester market includes the rising consumption of methacrylic ester as a sizing agent in paper & pulp industry coupled with the recycled paper market growth is anticipated to drive the market growth over the forecast period. Furthermore, increasing demand for methacrylic ester based adhesives in the construction sector is likely to positively influence the market growth. On the plus side, huge investment in infrastructure sector in developed and developing nations are expected to fuel market growth. Additionally, methacrylic ester is used as a textile finishing agent or binder in textile industry. Thus, fostering growth of textile industry across the globe is predicted to offer lucrative market growth opportunities for global methacrylic ester market. However, slight toxicity associated with it might hamper the usage of methacrylic ester in upcoming years.
The global methacrylic ester market is segmented into five regions viz. – Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the forecast period owing to increasing demand from end use industries such as pulp & paper and construction among others. The demand for methacrylic ester is predicted to surge in emerging economies such as India, China, and Bangladesh due to growing industrial as well as residential construction sector. Moreover, ease of availability of raw material, cheap labor cost, and improving development strategies to fulfil the demand for methacrylic ester in the growing applications are the important factors for the regional market growth.
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Major Points from TOC
11. Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 The Dow Chemical Company
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 U-PICA Company.Ltd.
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 Sigma-Aldrich Co. LLC.
11.5.1 Company Overview
…….to be continue….
Asia Pacific emerged as the largest market for methacrylic ester followed by North America and Europe. North America is expected to witness a significant growth in methacrylic ester market due to the recovery of industrial sector coupled with escalating investments to revitalize paints & coating industry. In Europe, countries such as France, Spain, Germany, and U.K have emerged as prominent consumer markets due to developed end use industries and increasing expenditure on R&D and innovation. While in North America, countries such as Mexico, U.S, Canada, and Guatemala are among the major contributors in the regional market growth and are expected to see a significant regional market growth in the near future.
The global methacrylic ester market is segmented on the basis of application, end use industries, and regions. Based on application, the market is segmented into sizing agent, adhesives, oil additives, binder, and others. On the basis of end use industries, the market is categorized into pulp & paper, lubricant, paint & coatings, textile, construction and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Latin American countries such as Argentina, Colombia, Peru and Brazil are also predicted to witness moderate growth with the association of new business models. Moreover, lubricants are widely used in automotive and general industry, increasing automobile production and sales as well as expansion of general industry in countries such as China, India, Mexico, Germany, and Japan will further drive the market growth. Middle East & Africa is expected to witness a substantial growth during the review period. Huge investment in institutional as well as commercial construction sector in Saudi Arabia, Qatar and United Arab Emirates (UAE) is anticipated to positively influence industry growth over the forecast period.
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