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Methacrylate Monomers Market and Its Key Opportunities and Challenges

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Methacrylate Monomers Market and Its Key Opportunities and Challenges

December 04
21:16 2019
Methacrylate Monomers Market and Its Key Opportunities and Challenges

Browse 110 market data Tables and 34 Figures spread through 140 Pages and in-depth TOC on “Methacrylate Monomers Market”
Methacrylate Monomers Market by Derivative (Methyl, Butyl, Ethyl), Application (Acrylic Sheets, Molding, Paints & Coatings, Additives), End-Use Industry (Automotive, Architetcure & Construction, Electronics), and Region

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.

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Browse 110 market data Tables and 34 Figures spread through 140 Pages and in-depth TOC on “Methacrylate Monomers Market

The molding segment is projected to lead the methacrylate monomers market

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 tail lights 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.

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Among applications, the automotive segment is projected to grow at the highest CAGR

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.

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  • Acrylic Acid Market
  • Polymethyl Methacrylate PMMA Market
  • Cast Acrylic Sheet Market
  • Acrylic Ester Market

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