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Methacrylate Monomers Market Research Report Information- by Derivatives (Behenyl Methacrylate, Tert-Butyl Methacrylate, Cyclohexyl Methacrylate, Iso-Decyl Methacrylate, Stearyl Methacrylate, and others), by Application (Coatings, Paints, Inks, Elastomers, Adhesives, and others), By End Use Industry (Architectural, Automotive & Aerospace, Marine, Construction, and others), and by Region - Forecast till 2032


ID: MRFR/CnM/2354-HCR | 140 Pages | Author: Anshula Mandaokar| April 2024

Global Methacrylate Monomers Market Overview


Methacrylate Monomers Market Size was valued at USD 18.1 Billion in 2022. The Methacrylate Monomers industry is projected to grow from USD 18.5 Billion in 2023 to USD 30.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023 - 2032).


Methacrylate monomers, is an important industrial monomer which is used in various industries such as architectural, automotive¬ł aerospace, marine, construction, and others. Basically, methacrylate is the building block for a huge range of acrylic applications that are found in various industries worldwide. Demand for methacrylate monomers has grown over years due to applicable in growing industries such as automotive and construction. Therefore, a necessity for large investment in methacrylate monomers industry and a requirement for improved the manufacturing technologies is became worldwide demand. Methacrylate monomers are specialty chemicals developed for very specific applications such as coatings, paints, inks, adhesives, and others. They can be also used as chemical intermediates, to enhance compatibility, flexibility, impact modification, heat resistance, crosslinking. They helps to enhance the performance of advanced materials by reducing replacing styrene, improving surface rigidity, and influence resistance. The demand of methacrylate monomers is highly in the Asia-Pacific region which is primarily driven by the rising demand for high quality coatings from end-use industries. In addition, in terms of value, Asia-Pacific is likely to be the highest growing market for methacrylate monomers. Moreover, this high growth is because of the increased demand from the automotive, construction, and aerospace industry in the region.

Global Methacrylate monomers Market by Region (2020-2030) Methacrylate Monomers Market


Regional Analysis


Asia Pacific is the largest market of methacrylate monomers due to demand in various applications such as coatings, paints, inks, elastomers, adhesives, and others, in China region followed by Japan, and India. Increasing demand for automotive industry in China, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global methacrylate monomers market followed by increasing in the consumption of methacrylate monomers market in North America region. In North America region, methacrylate monomers market is mainly drive by automotive, construction and aerospace industry. In addition, the third largest market of methacrylate monomers is Europe region due to large consumption in construction and architecture industry. Moreover, Latin America and Middle East also witnessed in growth of methacrylate monomers market due to various application such as coatings, paints, inks, elastomers, adhesives, and others.


Segmentation


The global methacrylate monomers market is majorly segmented on the basis of derivatives, application, end users and region. Based on derivatives of methacrylate monomers the market is segmented into behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Furthermore, based on application of methacrylate monomers the market is segmented into as coatings, paints, inks, elastomers, adhesives, and others. On the other hand, based on end user the market segmented into architectural, automotive¬ł aerospace, marine, construction, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.¬†


Key Players


List of the Key companies of the global methacrylate monomers market are


Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), Chi Mei Corporation (Taiwan), Arkema Group (Europe), BASF SE (Germany), Evonik Industries (Germany), The Dow Chemical Company (US), Lucite International (UK), Eastman Chemical Company (US), Monomer-Polymer & Dajac Labs (US), and others. 


Geographic Analysis 


The report covers brief analysis of geographical region such as North America, Europe, APAC, and RoW. The report about Global Methacrylate monomers Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.

Study Objectives of Methacrylate monomers Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Methacrylate monomers Market

  • To understand the supply and demand dynamics including supply and consumption concentration mapping

  • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To provide competitor positioning of the market

  • To provide company profiling of major players in the market along with their production and capacity

  • To provide regional trade analysis

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market


Intended Audience



  • Methacrylate monomers manufacturers

  • Traders and distributors of Methacrylate monomers

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

Report Attribute/Metric Details
  Market Size   2032: USD 30.2 Billion
  CAGR   5.50%
  Base Year   2022
  Forecast Period   2023-2032
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   derivatives, application, end users and region
  Geographies Covered   North America, Europe, APAC, and RoW.
  Key Vendors   Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), Chi Mei Corporation (Taiwan), Arkema Group (Europe), BASF SE (Germany), Evonik Industries (Germany), The Dow Chemical Company (US), Lucite International (UK), Eastman Chemical Company (US), Monomer-Polymer & Dajac Labs (US), and others.
  Key Market Opportunities   high growth is because of the increased demand from the automotive, construction, and aerospace industry in the region.
  Key Market Drivers   The growing demand for paints and coatings is the major driver for the market.


Frequently Asked Questions (FAQ) :

Leading derivatives in the methacrylate monomers market include behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others.

Leading end users of methacrylate monomers include aerospace, marine, construction and architecture, automotive, and others.

The growing demand for paints and coatings is the major driver for the market.

Asia Pacific is likely to be the major regional market for methacrylate monomers over the forecast period.

Leading players in the market include Eastman, Sumitomo, and BASF, among others.

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