Methacrylate Monomers Market : Global Overview and Forecast (2023-2029)

Methacrylate Monomers Market size was valued at US$ 11.35 Bn. in 2022 and the total Methacrylate Monomers revenue is expected to grow by 5.1% from 2022 to 2029, reaching nearly US$ 16.08 Bn.
Methacrylate Monomers Market Overview:
Methyl Methacrylate is a necessary component of all acrylics. It is completely recyclable and quickly polymerizes to produce resins and polymers with high-performance properties such as good resilience, toughness, purity, Ultraviolet, and abrasion resistance. Many of the goods we use every day benefit from these properties, including work surfaces, car components, household appliances, bathtubs, paints, illumination, retail displays, and others.

The report explores the Methacrylate Monomers market's segments (Derivative, Application, End-Use Industry, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2022 to 2029. The report investigates the Methacrylate Monomers market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Methacrylate Monomers market's contemporary competitive scenario.

To know about the Research Methodology :- Request Free Sample Report
Methacrylate Monomers Market Dynamics:
The growing applications of acrylic sheets are expected to be a major driver of market growth.

The monomer methyl methacrylate polymerizes efficiently to generate high molecular weight homopolymers and co-polymers. The primary application of methyl methacrylate i.e. MMA monomers is in the production of polymethacrylate i.e. PMMA homopolymer for the manufacturing of molded and extruded acrylic sheets, which are broadly used in the automobile sector for coatings and adhesives, leather, acrylate sealants, latex paints, lacquers, cast sheets, enamel polymers, varnishes, reflective resins, sheet, and textile surface treatments. These cast PMMA sheeting materials provide a high degree of integrity, Ultraviolet stability, and refractive clarity. Methyl Methacrylate is one of the most essential chemicals used in a variety of sectors to manufacture various sorts of goods that help to strengthen the polymer industry.

The storage, handling, and safety complications associated with Methacrylate are expected to be a major restraint in the market growth.

Methacrylates are combustible organic compounds, posing fire hazards and ignition risks. When exothermic polymerization of methacrylic esters happens, they run the danger of creating pressure and heat. Polymerization inhibitor additives are used to stabilize methacrylic ester monomers at a level acceptable for the predicted storage temperatures and period of storage. Because these stabilizers necessitate the presence of oxygen to work, oxygen availability is an important factor to consider while storing methacrylate monomers. Storage of methacrylate monomers in an inert gas environment will restrict the stabilizers from working properly; so it has to be always avoided storing methacrylate monomers in an inert gas atmosphere to reduce the possibility of hazardous polymerization.

Human tissues can be affected by close interaction with methacrylic esters liquid or vapor. Personal protective equipment may be required by workplace safety requirements, and wearing suitable PPE while in contact with these substances will reduce the risk of irritating effects. Operational systems and procedures are generally designed to minimize the possibility of personal exposure based on recommended standards and to meet all regulatory obligations.

The complexities associated with production processes and costs of Methacrylate Monomers are expected to be a major challenge in the market growth.

MMA has rigorous quality criteria, although it is a bulk chemical that is suitable for diverse applications. Because it is not a commodity that adds value through product function or reliability, the main motivation for comparing and investigating alternative procedures is to produce at the lowest cost. The cost may be determined using variable prices for the primary raw materials (price and quantity), steam, electrical power, and the like, as well as fixed expenses focused on facility costs. The price of raw materials, on the other hand, generally varies by region, and it changes substantially depending on whether the firm must acquire the raw resources or produce them themselves. Unless one is engaged in the process development, it is impossible to precisely estimate facility expenses and the proportion of steam, additional raw materials, catalysts, and the like. For example, there are usually minute amounts of residues that must not be in the final product, and it takes a significant amount of energy to sort them out. Each organization has a unique scenario in this regard, and it is difficult to compare and assess procedures without understanding the required circumstances.
Methacrylate Monomers Market Segment Analysis:
By Application, the acrylic sheet segment is expected to grow at a CAGR of 5.7% in the forecast period. Polymethylmethacrylate and PMMA-based sheets aid in the fabrication of shock-resistant, transparent and colorful sheets for use in building frames, skylights, bus stations, impenetrable security barriers, signage, and shop displays, among other uses. PMMA can also be used with a filler material to create synthetic stone for kitchen and bathroom worktops and sinks. Balls or pellets manufactured from methacrylate-based polymers may be molded into a variety of additional end-use items, including taillights and instrument panels for automobiles, handles on sink faucets and other domestic appliances, and illumination lenses in office properties and airport docking lights.

Most acrylic compounds contain one or more methacrylate-based polymer compounds, which aid in the application of paints and coatings while generating a strong, long-lasting covering that protects the surface from sunshine, rain, as well as other conditions that can cause other forms of coatings to degrade. The resilience of methacrylate-based polymers is vital in the great majority of applications, including roadway warning paints.

Methacrylate-based composites are used to make a variety of medical devices and other dental and medical applications where integrity and reliability are essential, including intravenous (IV) tubing links, medical pumps, filter casings, and heart valves, as well as hyperbaric compartments and baby incubators, artificial teeth, and dental prosthetics. Physicians utilize cement comprising methacrylate-based polymers and fluid monomers in joint replacements, while dental surgeons use liquid polymerized monomers in white dental fillings.
Methacrylate Monomers Market Regional Insights:
The APAC region dominated the methacrylate monomers market in 2022, accounting for more than 40% of total revenue, followed by North America and Europe. This is mostly due to increased demand from the transportation and manufacturing sectors as a consequence of the increasing population. Residential development is anticipated to rise due to the fast-growing population and the existence of advancing economies. A multitude of methacrylate monomer producers are establishing or extending manufacturing facilities in the APAC region to take advantage of reduced production costs. The methacrylate monomer market in the region is improving because of the high demand for signs and exhibits, engineering and construction, and automotive manufacturing. Rapid urbanization and industrialization in growing economies e.g. Japan, China, India, and others are expected to drive market growth in the Asia Pacific region.

The objective of the report is to present a comprehensive analysis of the Methacrylate Monomers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Methacrylate Monomers market dynamics, and structure by analyzing the market segments and projecting the Methacrylate Monomers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Methacrylate Monomers market make the report investor’s guide.
Methacrylate Monomers Market Scope: Inquire before buying



Methacrylate Monomers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 11.35 Bn.


Forecast Period 2023 to 2029 CAGR:
5.1 %
Market Size in 2029:
US $ 16.08Bn.


 Segments Covered:
by Derivative
• Methyl Methacrylate
• Butyl Methacrylate
• Ethyl Methacrylate
• Stearyl Methacrylate
• Others


by Application
• Acrylic Sheets
• Molding, Paints & Coatings
• Adhesives & Sealants
• Composites
• Additives
• Others


by End-Use Industry
• Automotive
• Architecture & Construction
• Electronics
• Advertisement & Communication
• Healthcare
• Industrial
• Others


by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)



Methacrylate Monomers Market Key Players
• Arkema
• BASF
• Eastman Chemical Company
• Evonik Industries
• LG Chem
• Mitsubishi Chemical
• Nippon Shokubai
• Asahi Kasei
• Chi Mei Corporation
• Esstech
• Estron Chemical
• Fushun Anxin Chemical
• Gantrade Corporation
• Gelest
• Hitachi Chemical
• Kuraray
• Miwon Specialty Chemical
• Sumitomo Chemical
• The DOW Chemical Company
• Ted Pella

FAQs:

1. Which is the potential market for Methacrylate Monomers in terms of the region?
Ans. APAC is the potential market for Methacrylate Monomers in terms of the region.

2. What are the challenges for new market entrants?
Ans. The complexities associated with production processes and costs of Methacrylate Monomers are expected to be a major challenge in the market growth.

3. What is expected to drive the growth of the Methacrylate Monomers market in the forecast period?
Ans. The growing applications of acrylic sheets are expected to be a major driver of market growth.

4. What is the projected market size & growth rate of the Methacrylate Monomers Market?
Ans. Methacrylate Monomers Market size was valued at US$ 11.35 Bn. in 2022 and the total Methacrylate Monomers revenue is expected to grow by 5.1% from 2022 to 2029, reaching nearly US$ 16.08 Bn.

5. What segments are covered in the Methacrylate Monomers Market report?
Ans. The segments covered are Derivative, Application, End-Use Industry, and Region.