According to the new market research report “Methacrylate Monomers Market by Derivative (Methyl, Butyl, Ethyl), Application (Acrylic Sheets, Molding, Paints & Coatings, Additives), End-Use Industry (Automotive, Architetcure & Construction, Electronics), and Region – Global Forecast to 2022″, The global methacrylate monomers market is projected to grow from USD 8.85 Billion in 2017 to USD 11.26 Billion by 2022, at a CAGR of 4.9% during the forecast period.
Don’t miss out on business opportunities in Methacrylate Monomers Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
In terms of value, the molding segment is projected to lead the methacrylate monomers market during the forecast period. The molding segment is projected to represent the bulk of demand and witness high growth across the globe due to the increasing demand of for acrylic resins in end-use products such as instrument clusters and taillights of cars and trucks. Methacrylate monomers are polymerized into PMMA in the form of pellets and beads, which are further molded into several end-use products.
Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, in terms of value. One of the uses of methacrylate monomers in the automotive industry is mainly for automotive glazing. Evonik Industries supplies PMMA products under the brand name PLEXIGLAS to be used in aircraft passenger cabins, helicopters, submarines, automotive windshields, and as glazing systems for rear side windows, roofs, and rear windows. PLEXIGLAS glazing, launched by Evonik, is 40% to 50% lighter than conventional glass, which is of great interest to vehicle manufacturers.
Browse and in-depth TOC on “Methacrylate Monomers Market – Global Forecast to 2022”
110 – Tables
34 – Figures
140 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/methacrylate-monomer-market-99100473.html
The global methacrylate monomers market is projected to grow from USD 8.85 Billion in 2017 to USD 11.26 Billion by 2022, at a CAGR of 4.9% in terms of value. Factors driving the growing use of methacrylate monomers are the application expansion achieved through the improved quality of methacrylate monomers and increased demand for acrylic sheets, molding compounds, surface coatings, and additives in various end-use industries such as automotive, architecture and construction, electronics, and others globally. Increasing use of methacrylate monomers as a raw material in the manufacturing of caprolactone monomers, acrylic polyols, adhesives, printing plates, sealants, binders, finish coatings, thermosetting paints for appliances and vehicles, and textile fiber gratings are driving the growth of the methacrylate monomers market globally.
Key players in the methacrylate monomers market are Mitsubishi Chemical (Japan), Evonik (Germany), Dow Chemical (US), Sumitomo Chemical (Japan), LG Chem (South Korea), and Arkema (France), among others. These players have adopted various strategies to expand their global presence and increase their shares in the methacrylate monomers market. Agreements, expansions, new product launches, and joint ventures are some of the major strategies adopted by the players to achieve growth in the methacrylate monomers market. These players have established their brands and are associated with different derivatives types of methacrylate monomers, such as methyl methacrylate, butyl methacrylate, ethyl methacrylate, allyl methacrylate, and others.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99100473
Mitsubishi Chemical (Japan) has a strong position in the methacrylate monomers market and its polymer business segment has a global presence. The company adopted agreements as a key strategy to enhance its position in the methacrylate monomers market. In June 2014, Mitsubishi Rayon and SABIC announced a joint venture to construct PMMA and MMA production plants in Saudi Arabia. This project is expected to be the world’s largest MMA and PMMA producing plant, having a production capacity of 250,000 tons (MMA) and 40,000 tons (PMMA). Lucite International, a subsidiary of Mitsubishi Rayon, provides chemical products, including MMA, methacrylic acid, methacrylic esters, and plastics, such as acrylic sheets and acrylic molding material. Lucite International has a strong presence in regions such as North America, Europe, and Asia Pacific.
Evonik (Germany) adopted the strategy of agreements, expansions, and new product launches to strengthen its position in the methacrylate monomers market. In 2014, Evonik announced that it will expand its specialty methacrylate monomers manufacturing facility in Alabama, US. This expansion will boost the market of methacrylate monomer in North America, thus providing a competitive edge to the company. The company offers a wide range of methacrylate monomers under the brand names VISOMER for automotive, electronics, and architectural and construction end-use industries. The company has vast experience in the manufacturing of MMA, broad product portfolio, and a huge production, sales, logistics, and technical service network.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.