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.
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
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.
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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