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The present Methacrylic Ester market is experiencing a number of trends, which are a manifestation of the dynamism of industries such as coatings, adhesives, and automotive. It is methacrylic esters, which are basically methacrylic acid's derivatives, that are witnessing quite significant changes in their use and sectors. Another important trend is escalation of the use of monomers of esters of methacrylic acid in the coatings industry. These esters act as the primary materials used in the creation of wood coatings and offer benefits such as bonding, weather resistance, and durability. With the coatings business progressing towards advanced and environmental stable solutions, the need for methacrylic esters is increasing since they are included in formulations that meet legislative measures and ensure better performance in multiple applications.
Also, there is seen a growing market in application of the methacrylic esters in the adhesives and sealants sector. It is methacrylic esters, which have the role of monomer in the production of glues providing quick curing process, large bond strength and resistance to the weather. Industries requiring strong bonding and reliability are looking for methacrylic esters as their demand is on the rise. Now suitable adhesives are being developed with characteristics suitable for use in construction, electronics, and automotive sectors.
Additionally, the formulation of Methacrylic Ester receives innovations that cater for various industry needs. The manufacturers are laser-focused on R & D in order to develop methacrylic esters that come with the properties that customers are looking for, such as improved flexibility, impact resistance, and compatibility with different polymers. It is a result of the demand for methacrylic esters that possess different attributes which can overcome the various obstacles encountered by different industrial sectors and create coatings, adhesives, and sealants with the desired performance traits.
Regulatory front gain a spotlight for matters such as security, environmental sustainability, and green chemistry targeting methacrylic esters. Manufacturers are silting their production in accordance with the rules established in relation to emission, toxicity, and ecological safety in general. This trend indicates the industry's progress towards responsible chemical management which is in line with global initiatives to reduce the environmental impact of chemical plants.
In addition, the world market is registering a geographic dispersion of demand as newly industrializing nations become more critical in the situation. The extremely fast industrialization and urbanization in regions as the Asia-Pacific are increasing the options for the application of methacrylic esters in areas such as adhesives, coatings, and sealants. The big green market with different sub-markets in these regions presents manufacturers with opportunities to establish a strong presence and satisfy the needs of various industries will keep growing.
Methacrylic Ester Market Highlights:
Methacrylic Ester Market Overview
Methacrylic ester is a kind of monomer which is used to produce a wide range of polymers. These polymer are used to enhance viscosity and low temperature characteristics and widely utilized as an oil additives in end use industry such as lubricant. These exhibit excellent durability, chemical resistance, and excellent flow properties and are extensively utilized in end use industries such as pulp & paper, lubricant, paint & coatings, textile, construction and others.
As per analysis, some of the prominent market factors and trends identified in the global methacrylic ester market includes the rising consumption of methacrylic ester as a sizing agent in paper & pulp industry coupled with the recycled paper market growth is anticipated to drive the market growth over the forecast period. Furthermore, increasing demand for methacrylic ester based adhesives in the construction sector is likely to positively influence the market growth. On the plus side, huge investment in infrastructure sector in developed and developing nations are expected to fuel market growth. Additionally, methacrylic ester is used as a textile finishing agent or binder in textile industry. Thus, fostering growth of textile industry across the globe is predicted to offer lucrative market growth opportunities for global methacrylic ester market. However, slight toxicity associated with it might hamper the usage of methacrylic ester in upcoming years.
List of Key Players in the Methacrylic Ester Market
Some of the prominent players operating in the methacrylic ester market are
- BASF SE (Germany),
- The Dow Chemical Company (U.S.),
- Evonik (Germany),
- U-PICA Company.Ltd. (Japan),
- Sigma-Aldrich Co. LLC. (U.S.),
- MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan),
- Fushun Anxin Chemical Co., Ltd. (China),
- NOF CORPORATION. (Japan),
- Michelman, Inc. (U.S),
- Lucite International (UK)
The Global Methacrylic Ester Market Share by end use industry (2016), (%)
Source: MRFR Analysis
Regional Analysis
The global methacrylic ester market is segmented into five regions viz. - Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the forecast period owing to increasing demand from end use industries such as pulp & paper and construction among others. The demand for methacrylic ester is predicted to surge in emerging economies such as India, China, and Bangladesh due to growing industrial as well as residential construction sector. Moreover, ease of availability of raw material, cheap labor cost, and improving development strategies to fulfil the demand for methacrylic ester in the growing applications are the important factors for the regional market growth.
Asia Pacific emerged as the largest market for methacrylic ester followed by North America and Europe. North America is expected to witness a significant growth in methacrylic ester market due to the recovery of industrial sector coupled with escalating investments to revitalize paints & coating industry. In Europe, countries such as France, Spain, Germany, and U.K have emerged as prominent consumer markets due to developed end use industries and increasing expenditure on R&D and innovation. While in North America, countries such as Mexico, U.S, Canada, and Guatemala are among the major contributors in the regional market growth and are expected to see a significant regional market growth in the near future. Latin American countries such as Argentina, Colombia, Peru and Brazil are also predicted to witness moderate growth with the association of new business models. Moreover, lubricants are widely used in automotive and general industry, increasing automobile production and sales as well as expansion of general industry in countries such as China, India, Mexico, Germany, and Japan will further drive the market growth. Middle East & Africa is expected to witness a substantial growth during the review period. Huge investment in institutional as well as commercial construction sector in Saudi Arabia, Qatar and United Arab Emirates (UAE) is anticipated to positively influence industry growth over the forecast period.
Segmentation
The global methacrylic ester market is segmented on the basis of application, end use industries, and regions. Based on application, the market is segmented into sizing agent, adhesives, oil additives, binder, and others. On the basis of end use industries, the market is categorized into pulp & paper, lubricant, paint & coatings, textile, construction and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Geographical Analysis
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Intended Audience
- Methacrylic ester manufacturers
- Traders and Distributors of methacrylic ester
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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