Report ID: SQMIG15E2530
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
Report ID:
SQMIG15E2530 |
Region:
Global |
Published Date: May, 2024
Pages:
184
|
Tables:
69 |
Figures:
72
Methacrylate Monomers Market Insights
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).
Methacrylate monomers are simply highly reactive industrial monomers used to produce polymers. Rapid industrialization and urbanization are projected to primarily augment the demand for methacrylate monomers over the coming years. Advancements in polymer technology are also slated to augment the sales of methacrylate monomers in the future. Growing focus on sustainability around the world is also slated to play in the hands of methacrylate monomer companies as methacrylate monomers are a more sustainable alternative as compared to VOCs (volatile organic compounds) that are harmful and toxic to the environment. However, volatile raw material prices are estimated to stand in the way of the methacrylate monomers market reaching its full growth potential. Rapid expansion of the automotive sector and growing demand for lightweight components is also a major trend that will create new opportunities for methacrylate monomer companies in the long run.
Methacrylate Monomers Market Report Snapshots
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