Methacrylate Monomers Market is expected to reach USD XX Billion by 2026 from USD 9.50 Billion in 2018 at a CAGR of XX%.
Demand for methacrylate monomers for polymerization is rising owing to its highly reactive double bonds is the driving factor of the methacrylate monomers market. Demand for numerous methacrylate derivatives is expected to increase during the forecast period. Recycling ability and inexpensive nature of methacrylate compounds are estimated to boost the methacrylate monomers market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Molding segment among applications is expected to be one of the major contributors for the market growth during the forecast period. Rising demand for acrylic resins in products such as instrument clusters and taillights for cars and trucks is diving the growth of this segment.
Methacrylate monomers market based on end-use industry has been segmented into automotive, architecture and construction, electronics, advertisement and communication and others. Automotive segment is expected to hold one of the largest shares of the market owing to various application of methacrylate monomers in automotive industry. Methacrylate monomers, such as butyl methacrylate and methyl methacrylate are widely used in the automotive industry.
Geographically, Asia Pacific is expected to be one of the largest markets for methacrylate monomers followed by Europe and North America during the forecast period. This is due to presence of key players and large demand from signs & displays, architectural and construction and automotive industries and the growth in major economies such as China, India, South Korea and Japan.
Scope of the Report:
Methacrylate Monomers Market, By Derivative Type:
• Methyl Methacrylate
• Butyl Methacrylate
• Ethyl Methacrylate
• Stearyl Methacrylate
• Glycidyl Methacrylate
• Cyclohexyl Methacrylate
• Allyl Methacrylate
• Lauryl Methacrylate
• 2-Hydroxyethyl Methacrylate
Methacrylate Monomers Market, By Application Type:
• Acrylic Sheets
• Paints and Coatings
Methacrylate Monomers Market, By End-use Industry Type:
• Architecture & Construction
• Advertisement & Communication
Methacrylate Monomers Market, By Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Methacrylate Monomers Market:
• Mitsubishi Chemical (Japan)
• Evonik (Germany)
• Dow Chemical (US)
• Sumitomo Chemical (Japan)
• LG Chem (South Korea)
• Arkema (France)
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