The global methacrylate monomers market revenue was US$ 10.1 billion in 2021 and is estimated to reach US$ 16.2 billion by 2031, growing at a CAGR of 4.9% during the forecast period from 2022 to 2031.
Due to their abundantly reactive double bonds, methacrylate monomers are typical industrial monomers that readily form polymers. Methacrylate monomers can be converted into a variety of derivatives, including methyl methacrylate, butyl methacrylate, ethyl methacrylate, allyl methacrylate, glycidyl methacrylate, cyclohexyl methacrylate, and others. They are used in many different end-use industries, including automotive, architecture, paints & coatings, electronics, etc.
Factors Influencing the Global Market Growth
Impact Analysis of COVID-19
The market for methacrylate monomers has suffered as a result of the COVID-19 pandemic because of its dependence on the building and construction, automotive, electrical & electronics, and other industries. The sale of passenger cars, commercial cars, and two-wheelers decreased in March 2020, per a study released by the Society of Indian Automobile Manufacturers (SIAM). These declines were 51%, 88%, and 40%, respectively. However, the healthcare industry, where polymerized methacrylate monomers are employed in orthopedic surgery and dentistry, has shown tremendous growth over the COVID-19 period.
Additionally, post the COVID-19 period, the transportation and building & construction industries would resume their normal course and operate at full capacity, which might improve the performance of the methacrylate monomers market.
Regional Analysis
The Asia-Pacific methacrylate monomers market is likely to grow at the highest CAGR during the forecast period. This is due to the expansion of the building and construction, automotive, electronics, and other industries in the Asia-Pacific area, which has improved the performance of the methacrylate monomer. Additionally, China's consumer electronics industry is expanding quickly, which, in turn, drives the growth of the market. Extruded acrylic sheets based on methacrylate monomer are also being used in the automotive industry in nations like Australia and India for things such as thermoplastic mirrors and taillights. This could accelerate the market for methacrylate monomers in the Asia-Pacific region.
Prominent Companies
Some of the leading competitors profiled in the global methacrylate monomers market are:
Segmentation Outline
The global methacrylate monomers market segmentation focuses on Derivatives, End Use Industries, and Region.
By Derivative
By End Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL METHACRYLATE MONOMERS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL METHACRYLATE MONOMERS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL METHACRYLATE MONOMERS MARKET, BY DERIVATIVE
5.1 OVERVIEW
5.2 ETHYL METHACRYLATE
5.3 METHYL METHACRYLATE
5.4 BUTYL METHACRYLATE
5.5 OTHERS
6 GLOBAL METHACRYLATE MONOMERS MARKET, BY END USE INDUSTRY
6.1 OVERVIEW
6.2 AUTOMOTIVE
6.3 ARCHITECTURE AND CONSTRUCTION
6.4 ELECTRICAL AND ELECTRONICS
6.5 PAINTS AND COATINGS
6.6 OTHERS
7 GLOBAL METHACRYLATE MONOMERS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL METHACRYLATE MONOMERS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 ARKEMA S.A.
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 BASF SE
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 DOW INC
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 EASTMAN CHEMICAL COMPANY
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 EVONIK INDUSTRIES AG
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 JAMORIN INTERNATIONAL
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 KOWA COMPANY, LTD.
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 MERCK KGAA
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 MITSUBISHI CHEMICAL HOLDINGS
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 TCI AMERICA
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
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