Ester Market Highlights:-
The global methacrylic ester market is divided into application, end use industry and region. On the basis of application, the market is segmented into sizing agent, adhesives, oil additives, binder, and others. Based on end use industries, the market is categorized into pulp & paper, lubricant, paint & coatings, textile, construction and others. Lubricant is expected to hold the maximum share owing to the increasing consumption of lubricants in transportation and industrial application.
Moreover, increasing number of commercial vehicle, passenger vehicle, and growth in marine and aviation industries are anticipated to fuel market growth. It provide high resistance to penetration of water and other liquids into the paper, which make it suitable to be used as a sizing agent in pulp & paper industry.
It enhance stability and provide better sticking properties thus make it suitable for various types of paint coatings such as automotive coatings, industrial coatings, architectural & decorative coatings, marine & protective coating, and paper & packaging coating. They are widely used as a binder for non- woven and fabrics in textile industry. Apart from this, gradually increasing demand for the floor cleaning products, is also helping driving revenues in the global methacrylic ester market.
Top Key Players :-
Ashland ,DAK Americas , Esterchem Ltd. , Huntsman International LLC, BASF SE , Evonik , Sigma-Aldrich Co. LLC., U-PICA Company.Ltd. , Michel man, Inc., NOF CORPORATION. and Fushun Anxin Chemical Co., Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
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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.
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.
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.which is estimated to grow at CAGR of 5.97% to reach USD 71.25 by the end of review period. China acquired the largest market share and slated to grow at CAGR of 6.16% during the forecast period
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MAJOR POINTS FROM LIST OF TABLE AND FIGURES
Table 1 World Population by Major Regions (2016 To 2030)
Table 2 Global Methacrylic Ester Market: By Region, 2016-2023
Table 3 North America Methacrylic Ester Market: By Country, 2016-2023
Table 4 Europe Methacrylic Ester Market: By Country, 2016-2023
Table 5 Asia-Pacific Methacrylic Ester Market: By Country, 2016-2023
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