The global methacrylate monomers market is forecast to reach USD 13.46 Billion by 2026, according to a new report by Reports and Data.
The market for methacrylate monomers has been divided into segments based on region, end-use industry, end-use application, and derivative. The moulding application is anticipated to experience the largest CAGR growth during the projection period. This is a result of the rising demand for acrylic resins in goods like instrument clusters and truck and car taillights. Methacrylate monomers are polymerized to create polymethylmethacrylate (PMMA), which is then moulded into a variety of end-use products. Contact lenses, sink faucet handles, and lenses for sunglasses and eyeglasses can all be made with PMMA. PMMA is also employed as a mould material to create the lenses for commercial building windows and the landing lights at airports. severalfold rise in demand for PMMA-based moulds
Chemical Company, Mitsubishi Chemical, LG Chem, Sumitomo Chemical, BASF, Arkema, Nippon Shokubai, Eastman Chemical Company, Esstech, Estron Chemical, Fushun Anxin Chemical, Miwon Specialty Chemical, Kuraray, Gelest, Gantrade Corporation, Chi Mei Corporation, Asahi Kasei, Ted Pella, and Hitachi Chemical, among others.
The market will expand due to the myriad uses for methacrylate-based monomers in the automobile industry. Examples of interior accessories made with these items include holders for yachts and sailing boats, acrylic sheet for caravan window glazing, coatings for automobile topcoats and refinishing, interior and exterior panels, trim, bumpers, fenders, and other moulded pieces.
In addition, a variety of medicinal and dental applications requiring stability and purity are produced using methacrylate. In addition to artificial teeth, dentures, bridges, and dental prostheses, some examples include intravenous (IV) tubing connectors, medical pumps, filter housings, heart valves, hyperbaric chambers, baby incubators, and more. Medical professionals employ a cement made of liquid monomer-polymerized methacrylate-based polymers for hip replacement fillings.
The Asia-Pacific area has a strong demand for methacrylate monomers, which is primarily driven by the expanding demand from end-use industries for high-quality coatings. Additionally, Asia-Pacific is probably the region for methacrylate monomers that will expand the fastest in terms of value. Additionally, the region’s growing demand from the aerospace, construction, and automotive industries is the source of this significant growth.
Key Point Analysis
The greater transparency, weather resilience, and other properties of methacrylate monomers, such as polymethyl methacrylate (PMMA), raise their demand for usage in signboards and displays, lighting equipment, automobile parts, construction materials, and more.
Due to their superior optical properties, methacrylate-based products are in higher demand due to the fast growth of the IT and telecommunications industries. Examples include light-guiding and light-diffusion plates for flat panel displays.
The need for comonomers has expanded as a result of the use of methacrylate monomers in industries including coatings, adhesives, and plastic modifiers.
Application Outlook
- Acrylic Sheets
- Molding
- Paints and Coatings
- Additives
- Adhesives
- Others
Derivatives Outlook
- Behenyl Methacrylate
- Tert-Butyl Methacrylate
- Cyclohexyl Methacrylate
- Iso-Decyl Methacrylate
- Stearyl Methacrylate
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
