The global demand for Methacrylate Monomers Market is presumed to reach the market size of nearly USD 18.58 MN by 2028 from USD 12.02 MN in 2021 with a CAGR of 7.22% under the study period 2022 - 2028.
Methacrylate monomer (MMA) is also called methacrylic acid or methyl ester. It is a crucial building block for acrylic-based polymers. MMA applications include exterior paints, safety glazing, illuminated light displays, vinyl impact modifiers, and more. Methacrylic is used in the manufacturing of resins and plastics. However, it irritates the skin, eyes, and mucus membranes in humans. If the skin is exposed to MMA, it might develop an allergic response.
Market Dynamics
The market for acrylic sheets, made with the help of MMA, is expected to grow in the coming years. Since there is no alternative to MMA, the end-use industries such as automotive, architecture, electronics, and construction are expected to be the reason for the growth in the global MMA market. In addition, there has been a surge in demand for polymethyl methacrylate PMMA and other polymers manufactured with MMA’s help. This might fuel the development of the worldwide methyl methacrylate market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of methacrylate monomers. The growth and trends of methacrylate monomers industry provide a holistic approach to this study.
Market Segmentation
This section of the methacrylate monomers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Derivative
- Ethyl Methacrylate
- Methyl Methacrylate
- Butyl Methacrylate
- Others
By End Use Industry
- Automotive
- Architecture And Construction
- Electrical And Electronics
- Paints And Coatings
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Methacrylate Monomers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Methacrylate Monomers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methacrylate monomers market include BASF SE, TCI America, Arkema S.A, Merck KGaA, Evonik Industries AG, Mitsubishi Chemical Holdings, DOW INC., Kowa Company Ltd., Jamorin International, Eastman Chemical Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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