Methacrylate Monomers Market Size, Share, Growth Analysis, By Derivative(Methyl Methacrylate, Butyl Methacrylate, Ethyl Methacrylate, Stearyl Methacrylate), By End Use(Automotive, Electronics, Architecture & Construction, Advertisement & Communication), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Methacrylate Monomers Market?

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).

Report ID: SQMIG15E2530 | Region: Global | Published Date: May, 2024
Pages: 184 | Tables: 69 | Figures: 72

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.

Methacrylate Monomers Market Report Snapshots

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FAQs

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 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. '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'

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.

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.

Asia Pacific is slated to account for a dominant share of the 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.

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Methacrylate Monomers Market Size, Share, Growth Analysis, By Derivative(Methyl Methacrylate, Butyl Methacrylate, Ethyl Methacrylate, Stearyl Methacrylate), By End Use(Automotive, Electronics, Architecture & Construction, Advertisement & Communication), By Region - Industry Forecast 2024-2031

Methacrylate Monomers Market Dynamics

Methacrylate Monomers Market Report Snapshots

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