Summary

The Methyl Acrylate Monomers market is expected to grow at a strong CAGR of around 5% during the forecast period owing to the increasing utilization in many polymerization processes due to their relatively low viscosity and low glass transition temperature, which makes them suitable for use in coatings, adhesives, and other applications that require flexibility and toughness. The methyl acrylate monomers market is expected to grow in the coming years, driven by increasing demand for polymers and other chemical products. The growing construction and automotive industries are expected to drive demand for products such as PMMA and PMA, which are widely used in these sectors. In the automotive industry, methyl acrylate monomers are used in the production of a variety of components, including body parts, bumpers, and interior trim. Acrylic polymers made from methyl acrylate are highly durable, scratch-resistant, and have excellent weatherability, making them ideal for use in automotive applications where performance and durability are critical. In the paint, coating, and adhesive industry, methyl acrylate monomers are used to produce a wide range of coatings and adhesives. Acrylic polymers made from methyl acrylate are highly resistant to UV light, chemicals, and weathering, making them ideal for use in exterior coatings, as well as in adhesives for bonding various substrates, including plastics, metals, and composites. Additionally, the ability to customize the properties of acrylic polymers by adjusting the ratio of methyl acrylate to other monomers allows manufacturers to tailor the performance characteristics of their products to specific applications.

Some of the major players operating in the market include BASF SE, Merck KGaA, TCI America, Evonik Industries AG, DOW INC, MITSUBISHI CHEMICAL HOLDINGS, Jamorin International, Kowa Company, Ltd, Eastman Chemical Company, and Nippon Shokubai. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst derivatives, the methyl methacrylate segment held a dominating share of the market in 2021”
Based on derivatives, the market is segmented into methyl methacrylate, butyl methacrylate, ethyl methacrylate, and others. The methyl methacrylate is expected to witness a significant market share during the forecast period. There are several factors that are driving the growth of the MMA market, including increasing demand for polymers and plastics, rapid growth of the construction industry, rising demand for medical devices, technological advancements, and regional factors. The growing demand for lightweight and durable materials in various industries such as automotive, construction, and electronics has led to an increase in demand for polymers and plastics, which in turn has driven the growth of MMA.

“Amongst end-user industry, the paints and coating segment register significant CAGR during the forecast period”
On the basis of end-users, the market is segmented into architecture & construction, automotive, electrical & electronics, paints & coating, and others. The paints and coating segment registers a significant CAGR during the forecast period owing to the increasing demand for eco-friendly paints and coatings. Methyl acrylate is a low-VOC (volatile organic compounds) material that emits fewer harmful pollutants, making it an excellent choice for eco-friendly products. Another factor driving the growth of methyl acrylate is the increasing demand for high-performance coatings. Methyl acrylate is known for its excellent adhesion and chemical resistance properties, which make it ideal for use in industrial coatings. Additionally, it provides excellent weather resistance and UV stability, making it suitable for use in exterior paints and coatings.

“Asia-Pacific dominated the Methyl Acrylate Monomers market in 2021”
Asia-Pacific dominated the methyl acrylate monomers market in 2021 due to the growing construction industry which has increased the demand for adhesives and coatings and support the market growth. Also, with rapid urbanization and population growth, countries such as China and India have been investing heavily in infrastructure projects, leading to a rise in construction activities and consequently increasing demand for methyl acrylate. In addition, the growing automotive industry in the Asia-Pacific region is another major factor driving the demand for methyl acrylate. With rising incomes and changing lifestyles, there has been a surge in demand for automobiles in the region, leading to an increase in the production of automotive coatings and adhesives that utilize methyl acrylate. Further, the availability of raw materials and lower production costs in the Asia-Pacific region has made it an attractive destination for methyl acrylate manufacturers. The region is home to several large chemical companies with established supply chains and distribution networks, leading to increased production and supply of methyl acrylate in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global methyl acrylate monomers market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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