Specialty Methacrylate Market by Derivative (Lauryl Methacrylate, 1,4 Butylene Glycol Dimethacrylate), Application (Paint & Coating, Special Plastic, Construction, Additives), End User (Automotive, Plastic & Chemical) – Global Forecast to 2025
The global specialty methacrylate market is expected to grow at a CAGR of 6.9% from 2019 to reach $3.15 billion by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. The growth in specialty methacrylate market is mainly attributed to increasing demand for specialty methacrylate monomers from growing end user industries (automotive, construction, and packaging & paper) and rising demand & focus on improving sustainable low VOC products by these industries. In addition, rising focus on bio-based methacrylate monomers and growth from emerging economies- Latin America, South East Asia, and Africa will further provide significant opportunities for the various stakeholders in this market. However, volatility in raw material prices is expected to hinder the growth of this market to some extent.
On the basis of derivatives, the lauryl methacrylate (LMA C12) segment is estimated to command the largest share of the global specialty methacrylate market in 2019 and is expected to continue its dominance during the forecast period, mainly due to its wider application in floor waxes, textiles, coating, adhesives, and sealants.
The paint and coatings application commanded for the largest share of the overall specialty mythacrylate market. This is majorly attributed to the growing demand for enhanced industrial paints and coatings with growing manufacturing industries such as automotive, electrical & electronics, and other commercial industries. In addition, growing demand for paints and architectural coatings from the building & construction industry is also supporting the growth of this market.
An in-depth analysis of the geographical scenario of the speciality methacrylate market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Europe commanded the largest share of the global specialty methacrylate market, closely followed by the North America, and Asia Pacific. However, Asia Pacific region is slated to register the fastest growth during the forecast period, primarily due to the huge demand for specialty methacrylate in industrial manufacturing, owing to the global shift of manufacturing from developed regions such as North America & Europe to Asia-Pacific region.
The key players operating in the global specialty methacrylate market are Evonik Industries AG, BASF SE, Mitsubishi Chemical Holdings Corporation, NIPPON SHOKUBAI CO., LTD., Sartomer (Arkema Group), Hitachi Chemical Co., Ltd., MilliporeSigma, Miwon Specialty Chemical Co., Ltd., Fushun Anxin Chemical Co. Ltd. Bimax Chemicals Ltd., kyoeisha Chemical Co., Ltd., Shin Nakamura Chemical Co., Ltd., and GEO Specialty Chemicals, Inc. among others.
Scope of the Report:
Market by Derivative
1,4 butylene glycol dimethacrylate (BDDMA)
Benzyl methacrylate (BZMA)
Methoxy PEG() methacrylate (MPEG()nMA)
Polyethyleneglycol 200 dimethacrylate (PEG200DMA)
Lauryl methacrylate (LMA C12)
Lauryl tridecyl methacrylate (LMA C12-C13)
Methacylic ester 13.0 (C13-MA)
Triethyleneglycol dimethacylate (TEGDMA)
Polyethyleneglycol (n=2-14) dimethacrylate (PEG (150-1000)DMA series)
Diethylene glycol dimethacrylate (DEGDMA)
Isodecyl methacrylate (IDMA)
Ethylene glycol dimethacrylate (EGDMA)
1,3 butylene glycol dimethacrylate (BGDMA)
Trimethylolpropane trimethacrylate (TMPTMA)
Cyclohexyl Methacrylate (CHMA)
2-ethylhexyl methacrylate (EHMA)
Stearyl methacrylate / natural origin (SMA/STEMA)
Tetrahydroforfuryl methacrylate (THFMA)
Market by Application
Paints & Coatings
Adhesives & Sealants
Water Proofing Membrane
Paper & Packaging
Health & Personal Care
Oil & Gas
Market by End user
Automotive and Transportation
Architecture and Construction
Chemical and Plastics Industry
Paper and Packaging
Paint, Coatings, and Adhesives
Advertisement & Communication
Market by Geography
Rest of Europe (RoE)
Middle East & Africa
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