CAGR 4.78% Growth Estimated in Methacrylate Monomers Market by 2026

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The Methacrylate monomers market Report cover strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

Methacrylate monomers can be defined as an organic compound that includes methacrylic acid in their production; it can be termed as a reactive resin which has a number of applications in the polymerized form. With its application, the substrate or surfaces achieve higher durability, and strength resulting in increased resistance upon impact from external surfaces.

Market Analysis:

Global Methacrylate Monomers Market was estimated to be valued at USD 9.26 billion in 2018 growing with a CAGR of 4.78% in the forecast period of 2019-2026, resulting in a projected value of USD 13.45 billion by 2026. This rise of market value can be factored to the rise in end-use applications for the product such as in TV screens, architectural applications.

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Key Competitors:

  • Estron Chemical Inc
  • The Dow Chemical Company
  • Esstech Inc.
  • Melrob Group
  • Mitsubishi Chemical Corporation
  • Evonik Industries AG
  • Miwon Specialty Chemical Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Fushun Anxin Chemical Co. Ltd.
  • NIPPON SHOKUBAI CO. LTD.
  • LG Chem
  • MPD Chemicals LLC
  • Norquay Technology
  • Arkema
  • BASF SE
  • Eastman Chemical Company
  • GELEST INC., KURARAY CO. LTD.
  • Chi Mei Corporation
  • Gantrade Corporation
  • Ted Pella Inc.
  • Asahi Kasei Corporation
  • Hitachi Chemical Co. Ltd
  • GSFC

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Market Drivers & Restraints:

  • Increase in demand from various end-users of the product such as from consumer electronics, automotive, industrial and construction is expected to act as a driver for the market growth
  • Innovations in technology and advancements in the market for products is expected to act as a driver for the market growth
  • Vulnerability in the prices of raw material used in the production is expected to act as a restraint to the market growth

Segmentation:

By Derivatives

  • Methyl Methacrylate
  • Butyl Methacrylate
  • Ethyl Methacrylate
  • 2-Hydroxyethyl Methacrylate
  • Allyl Methacrylate
  • Glycidyl Methacrylate
  • Cyclohexyl Methacrylate
  • Stearyl Methacrylate
  • Lauryl Methacrylate

By Application

  • Acrylic Sheets
  • Molding
  • Paints & Coatings
  • Additives
  • Others

By End-Use Industry

  • Automotive
  • Architecture & Construction
  • Electronics
  • Advertisement & Communication
  • Others

Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

 

Competitive Analysis:

Global methacrylate monomers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of methacrylate monomers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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