DUBLIN--(BUSINESS WIRE)--The "Methacrylate Monomers Market by Derivative (Methyl, Butyl, Ethyl), Application (Acrylic Sheets, Molding, Paints & Coatings, Additives), End-Use Industry (Automotive, Architecture & Construction, Electronics), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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.
The growth of the methacrylate monomers market is primarily driven by the huge demand from Asia Pacific and growth in end-use industries such as automotive, architecture & construction, and electronics. The regulations on the use of methacrylate monomer are likely to get flexible in the coming years as there are no direct substitutes available for the end-use industries. Therefore, these regulations are anticipated to have less impact on the growth of this market.
The Asia Pacific, Europe, and North American regions are the major markets for methacrylate monomers. The Asia Pacific methacrylate monomers market is projected to grow at the highest CAGR during the forecast period. Many methacrylate monomers manufacturers are setting up or expanding their manufacturing bases in Asia Pacific to capitalize on the low manufacturing costs. The huge demand from signs & displays, architectural and construction, and automotive industries is driving the growth of the methacrylate monomers market in Asia Pacific. This growth is mainly attributed to the growth in population and economy of major countries such as China and India. China, India, South Korea, and Japan are the leading consumers of methacrylate monomers in the region.
Mitsubishi Chemical (Japan), Evonik (Germany), BASF (Germany), Dow Chemical (US), LG Chem (South Korea), Sumitomo Chemical (Japan), and Arkema (France), among others, are the leading companies operating in the methacrylate monomers market. These companies are expected to account for significant shares of the methacrylate monomers market in the near future.
- Growing Demand for Methacrylate Monomers in Manufacturing LCD and LED Flat Screens
- High R&D Activity By Methacrylate Monomers Manufacturers
- Increasing Demand for Methacrylate Monomers in Automotive, Architectural and Construction, Solar, Other End-Use Industries
- Volatility in Raw Material Prices
- Bio-Based Methacrylate Monomers
- Commissioning of the World's Largest Methacrylate Monomers Plant in Saudi Arabia
- Significant Reduction in the Import of Methacrylate Monomers in Europe and the Middle East & Africa
- Asahi Kasei
- Chi Mei Corporation
- Eastman Chemical Company
- Estron Chemical
- Evonik Industries
- Fushun Anxin Chemical
- Gantrade Corporation
- Gujarat State Fertilizers and Chemicals
- Hitachi Chemical
- LG Chem
- Mitsubishi Chemical
- Miwon Specialty Chemical
- Nippon Shokubai
- Sumitomo Chemical
- Ted Pella
- The DOW Chemical Company
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