Methacrylate Monomers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Industry News Updates
New product development are the key strategies
followed by major industry players for growth of dye stuff market for instance,
Evonik Industries on On March 1, 2014, presented its new line of Visiomer Terra
products at the American Coatings Show in Atlanta, Georgia, the acrylic
monomers business line began pushing methacrylate monomers based to important
degree on renewable resources under the product family Visiomer Terra.
VISIOMER[R] Terra highlights the partially biobased products in the Acrylic
Monomers portfolio and is expected to continue to grow in the future.
Evonik Industries, April 28, 2017: he Evonik
segment Performance Materials announces a global price increase for the
VISIOMER[R] methyl methacrylate and other methacrylate monomer products. As agreements
allow, the increase is 100 - 140 USD/ton depending on the product and region.
Owing to these developments, the market for methacrylate monomers is expected
expand rapidly.
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.
Methacrylate Monomers Market Insights
The Methacrylate Monomers Market is driven by
various application and end user industry. It is used in various applications
such as coatings, paints, inks, elastomers, adhesives, and others, which are
highly used in numerous industries such as automotive, aerospace, construction,
and others. In addition to this, growth of automotive and construction industry
are the major industries for consumption of methacrylate monomers, for instance
it used in construction industry as industrial flooring, reactive road marking
systems, concrete repair compounds, binders for concrete admixtures, and liquid
water proofing compounds. On the basis of geography, market share of
methacrylate monomers is high in Asia Pacific region and is also expected to
increase at a high growth rate as compared to other regions such as Europe,
North America, and RoW.
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Market Segmentation-
Global Methacrylate
Monomers Market is segmented by derivatives, applications, and end user
industry, and region. On the basis of derivatives the methacrylate monomers
market is divided by behenyl methacrylate, tert-butyl methacrylate, cyclohexyl
methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Among
all derivaties, behenyl methacrylate is a low volatility, monofunctional
monomer with a long, hydrophobic side chain, which can produced by acrylic
acid, amides, esters, methacrylates, and acrylonitrile.
On the basis of end user industry methacrylate
monomers market is segmented into architectural, automotive aerospace, marine,
construction, and others. Among all industry into automotive, aerospace, and
electronics occupied the highest market share. The increasing consumption of
methacrylate monomers in various industry such architectural, automotive
aerospace, marine, construction, and others through the various derivatives
such as behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate,
iso-decyl methacrylate, stearyl methacrylate.
On the basis of applications of methacrylate
monomers the market is segmented into as coatings, paints, inks, elastomers,
adhesives, and others. Coating application used in various industry such as
architectural, automotive, and industrial due to this it covers the largest
market share as compared to other applications. In addition, coatings in
architectural industry basically used as surface coatings. They are appropriate
for use on aluminium, building surfaces, plastic, metals, glass, paper, and
steel. Whereas, industrial coatings cover a number of applications including
automotive, overprint varnishes, and traffic paints.
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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.
Competitive analysis-
Key Players Of The Global Methacrylate
Monomers Market Are:
*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
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