Market Overview:
Methacrylate
monomers is an important industrial monomer which is used in various industries
such as architectural, automotive¸ aerospace, marine, construction, and others.
Basically, methacrylate is the building block for a huge range of acrylic
applications that are found in various industries worldwide. Demand for
methacrylate monomers has grown over years due to applicable in growing
industries such as automotive and construction. Therefore, a necessity for
large investment in methacrylate monomers industry and a requirement for
improved the manufacturing technologies is became worldwide demand.
Methacrylate monomers are specialty chemicals developed for very specific
applications such as coatings, paints, inks, adhesives, and others. They can be
also used as chemical intermediates, to enhance compatibility, flexibility,
impact modification, heat resistance, crosslinking. They helps to enhance the
performance of advanced materials by reducing replacing styrene, improving
surface rigidity, and influence resistance.
The demand of
methacrylate monomers is highly in the Asia-Pacific region which is primarily
driven by the rising demand for high quality coatings from end-use industries.
In addition, in terms of value, Asia-Pacific is likely to be the highest growing
market for methacrylate monomers. Moreover, this high growth is because of the
increased demand from the automotive, construction, and aerospace industry in
the region.
Segmentation: The global
methacrylate monomers market is majorly segmented on the basis of derivatives,
application, end users and region. Based on derivatives of methacrylate
monomers the market is segmented into behenyl methacrylate, tert-butyl
methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl
methacrylate, and others. Furthermore, based on application of methacrylate
monomers the market is segmented into as coatings, paints, inks, elastomers,
adhesives, and others. On the other hand, based on end user the market
segmented into architectural, automotive¸ aerospace, marine, construction, and
others, and based on region market is segmented into North America, Europe,
APAC, Latin America, Middle East & Africa.
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.
Key Players: 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
Geographic Analysis: The
report covers brief analysis of geographical region such as North America,
Europe, APAC, and RoW.
The report about
Global Methacrylate monomers Market by Market Research Future comprises of
extensive primary research along with detail analysis of qualitative as well as
quantitative aspects by various industry experts and key opinion leaders to
gain a deeper insight of the market and industry performance. The report gives
a clear picture of the current market scenario which includes past and
estimated future market size in terms of value and volume, technological
advancement, macro economical and governing factors in the market. The report
further provides detail information about strategies used by top key players in
the industry. It also gives a broad study about different market segments and
regions.
Access for More Detail@ https://www.marketresearchfuture.com/reports/methacrylate-monomers-market-3245
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