USD 10.1 billion
Methacrylate Monomers Market Size, Share, Growth Analysis, By Derivative(Methyl Methacrylate, Butyl Methacrylate), By End Use(Automotive, Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2530 |
Region:
Global |
Published Date: May, 2024
Pages:
184
|
Tables:
69 |
Figures:
72
Methacrylate Monomers Market Insights
Global Methacrylate Monomers Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 10.6 billion in 2023 to USD 15.67 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).
Methacrylate monomers are simply highly reactive industrial monomers used to produce polymers. Rapid industrialization and urbanization are projected to primarily augment the demand for methacrylate monomers over the coming years. Advancements in polymer technology are also slated to augment the sales of methacrylate monomers in the future. Growing focus on sustainability around the world is also slated to play in the hands of methacrylate monomer companies as methacrylate monomers are a more sustainable alternative as compared to VOCs (volatile organic compounds) that are harmful and toxic to the environment. However, volatile raw material prices are estimated to stand in the way of the methacrylate monomers market reaching its full growth potential. Rapid expansion of the automotive sector and growing demand for lightweight components is also a major trend that will create new opportunities for methacrylate monomer companies in the long run.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Architecture & Construction
Fastest Growth
Automotive
Growth Rate
5% CAGR
Global Methacrylate Monomers Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Methacrylate Monomers Market By End Use ($ Bn)
Global Methacrylate Monomers Market By End Use (%)
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Methacrylate Monomers Market Segmental Analysis
The global methacrylate monomers market is segmented based on derivative, end use, and region. In terms of derivatives, the market is segmented into methyl methacrylate, butyl methacrylate, ethyl methacrylate, stearyl methacrylate, and others. Based on end use, the market is bifurcated into automotive, electronics, architecture & construction, advertisement & communication, industry, healthcare, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Derivative
Methyl methacrylate is projected to account for a dominant stance in the global methacrylate monomers market. This derivative of methacrylate monomers is used in the formation of different types of acrylic polymers, and this is why its demand is high. Superior transparency and weather resistance are properties of polymers produced using methyl methacrylate.
Demand for Polymethyl methacrylate is projected to surge at a rapid pace owing to its rising application scope in different industry verticals. Growing construction activity is slated to bolster growth in this segment going forward.
Analysis by End Use
The architecture and construction end use are slated to account for a dominant market share. Rapidly expensing infrastructure development activity around the world and increasing demand for advanced construction materials are slated to bolster market growth via this segment.
Meanwhile, the demand for methacrylate monomers in automotive end use is slated to increase at a rapid pace over the coming years. Growing use of polymers and advanced coatings in vehicles to improve performance and reduce weight is slated to boost demand for methacrylate monomers in the long run.
Global Methacrylate Monomers Market By End Use, 2022 (%)
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Methacrylate Monomers Market Regional Insights
Asia Pacific is slated to account for a dominant share of the global methacrylate monomers market owing to the high use of methacrylate monomers in different industry verticals. Robust automotive manufacturing and growing infrastructure development activity in this region are also boosting the demand for methacrylate monomers. Japan, India, China, and South Korea are estimated to be the top markets for methacrylate monomers suppliers in the Asia Pacific region. Rapid industrialization will also help methacrylate monomers market expansion in this region.
North America is slated to emerge as the fastest-growing market for methacrylate monomers in the world over the coming years. Growing electronics and automotive manufacturing in this region will create new opportunities for methacrylate monomer suppliers going forward. The United States and Canada are slated to spearhead methacrylate monomers market growth potential in the North American region going forward.
Global Methacrylate Monomers Market By Region, 2024-2031
- Largest
- Fastest
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Methacrylate Monomers Market Dynamics
Drivers
Preference for Sustainable Materials
- As focus on sustainability increases more and more companies are looking to incorporate sustainable products and materials in their operations, this trend is slated to push methacrylate monomers sales in the future.
Growing Automotive Production
- Methacrylate monomers are being extensively used in the production of various automotive components and this is why rising automotive production is slated to bolster methacrylate monomers market growth in the long run.
Restraints
Volatile Raw Material Pricing
- Raw materials required to make methacrylate monomers are subject to various fluctuations in supply and demand, which in turn affects its prices. This volatility in raw material pricing could slow down methacrylate monomers market growth.
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Methacrylate Monomers Market Competitive Landscape
Methacrylate monomers manufacturers should target end use industries such as automotive and construction to make most of their investments as these industries are flourishing around the world. Methacrylate monomers providers can also incorporate sustainability in their operations to improve revenue generation potential going forward. Collaborations and partnerships could emerge as attractive strategies for new and established methacrylate monomers companies in the future.
Top Player’s Company Profiles
- Arkema Group
- Ted Pella, Inc.
- Kowa Company Ltd.
- BASF SE
- Estron Chemical, Inc.
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Hitachi Chemical Co., Ltd.
- Gantrade Corporation
- Merck KGaA
- DOW INC.
- Mitsubishi Chemical Corporation
- Nippon Shokubai Co., Ltd.
- Jamorin International
- Eastman Chemical Company
- TCI America
- Arkema S.A
Methacrylate Monomers Key Market Trends
- Additive Manufacturing: Methacrylate monomers companies should try to introduce their products in additive manufacturing practices that are gaining traction around the world. Developing new formulations specific to additive manufacturing could create new money-making opportunities for methacrylate monomers companies.
Methacrylate Monomers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid urbanization and industrialization are projected to bolster the demand for methacrylate monomers over the coming years. High demand for sustainable materials is also slated to benefit sales of methacrylate monomers in the future. Raw material pricing volatility is expected to be the major restraint for methacrylate monomers market growth in the future. Asia Pacific region is estimated to hold sway over the global methacrylate monomer demand outlook throughout the forecast period. Methacrylate monomer companies can try to create products suitable for additive manufacturing to keep their business relevant in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.1 billion |
| Market size value in 2031 | USD 15.67 billion |
| Growth Rate | 5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Methacrylate Monomers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Methacrylate Monomers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Methacrylate Monomers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Methacrylate Monomers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Methacrylate Monomers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Methacrylate Monomers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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