Market Insights
The methacrylate monomers market is likely to grow at a promising CAGR of 5.2% in the long run to reach US$ 14.5 Billion in 2028.
Methacrylate monomers are a class of organic compounds that are used to make a wide variety of products, including plastics, coatings, adhesives, and cosmetics. They are characterized by their high reactivity and their ability to form strong bonds with other molecules.
The growth of the market is driven by the increasing demand for methacrylate monomers in various end-use industries, such as plastics, coatings, adhesives, and construction. The increasing demand for methacrylate monomers in the automotive industry is also expected to drive the growth of the market.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Derivative Analysis
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Methyl, Butyl, and Ethyl
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Methyl methacrylate (MMA) is the most dominant methacrylate monomer, accounting for over 80% of global demand. The fastest-growing methacrylate monomer is MMA. The growth of the MMA market is being driven by the increasing demand for acrylic sheets and 3D printing materials.
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Application Analysis
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Acrylic Sheets, Molding, Paintings & Coating, Additives
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The most dominant and fastest-growing application of methacrylate monomers is in the production of acrylic sheets.
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End-Use Industry Analysis
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Automotive, Architecture & Construction, Electronics
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The most dominant application of methacrylate monomers is in the automotive industry.
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Regional Analysis
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NA, Europe, Asia-Pacific, RoW
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The Asia-Pacific region is the most dominant market for methacrylate monomers, followed by North America and Europe. Asia-Pacific is also the fastest-growing.
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Derivative Type
The methacrylate monomers market is segmented into Methyl, Butyl, and Ethyl. Methyl methacrylate (MMA) is the most dominant methacrylate monomer, accounting for over 80% of global demand. The fastest-growing methacrylate monomer is MMA. The growth of the MMA market is being driven by the increasing demand for acrylic sheets and 3D printing materials. In addition to that, increasing investments by premium and luxury car manufacturers to manufacture new products with enhanced features, and growing demand for passenger cars in developing economies are further expected to drive market growth during the forecast period.
Application Type
The market is segmented into Acrylic Sheets, Molding, Painting & Coating, and Additives. The most dominant and fastest-growing application of methacrylate monomers is in the production of acrylic sheets. Acrylic sheets are clear and transparent plastics that are often used in windows, lenses, and signs. They are also used in a variety of other applications, such as in furniture, lighting, and automotive components.
End-Use Industry Type
The market is segmented into Automotive, Architecture & Construction, and Electronics. The most dominant application of methacrylate monomers is in the automotive industry. Methacrylate monomers are used to make a variety of automotive components, including headlights, taillights, and windshields. They are also used to make adhesives and sealants that are used in the assembly of vehicles.
Regional Analysis
In terms of regions, Asia-Pacific is expected to remain the largest market for methacrylate monomers during the forecast period, followed by North America and Europe. Asia-Pacific is also the fastest-growing.
The methacrylate monomers market is segmented into the following categories:
By Derivative Type
- Methyl (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Butyl (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ethyl (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Acrylic Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-Use Industry
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Architecture and Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The following are the key players in the methacrylate monomers market:
- Mitsubishi Chemical
- Evonik Industries
- Dow Chemical
- Sumitomo Chemical
- LG Chem
- Arkema
- BASF
- Eastman Chemical Company
- Nippon Shokubai
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s methacrylate monomers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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