Specialty Methacrylate Market Size, Share & Trends Analysis Report By Derivative (Methyl methacrylate, Butyl methacrylate, Ethyl methacrylate, Others), By Application (Acrylic sheets, Molding, Paints & coatings, Additives, Others), By End-Use, By Region, And By Segment Forecasts, 2023-2031.

Report ID : 2020 | Published : 2023-09-12 | Pages: 180 | Format: PDF/EXCEL

The Specialty Methacrylate Market Size is valued at USD 210.50 Mn in 2022 and is predicted to reach USD 314.67 Mn by the year 2031 at a 4.7% CAGR during the forecast period for 2023-2031.

Specialty Methacrylate Market

Increased urbanization and affluent lifestyles have helped the rise of the worldwide automotive sector, where methacrylate monomer-based acrylic sheets are widely utilized in electronic consoles, tail-lights, and other applications. Specialty methacrylates are a group of chemical compounds that are derivatives of methacrylic acid. These compounds are commonly used in various industrial applications due to their unique properties. Specialty methacrylates are characterized by the presence of the methacrylate functional group, which consists of a double bond among two carbon atoms and a carbonyl group.

Furthermore, rapid urbanization and population growth have fueled the growth of the architecture and construction sectors in both developed and developing economies, such as the United States, China, and India, where methacrylate monomers are widely used as a binder for concrete admixtures, reactive road making, industrial flooring, and liquid waterproofing applications. This is projected to increase demand for methacrylate monomers in the expanding building and construction sector. However, the health risks connected with using methacrylate monomers could stymie market expansion throughout the projection period.

Competitive Landscape

Some major key players in the Specialty Methacrylate Market:

  • Dow
  • Sumitomo Chemical Co., Ltd.
  • LG Chem
  • Arkema
  • BASF SE
  • Bimax Chemicals Ltd.
  • Evonik Industries AG
  • Fushun Anxin Chemical Co. Ltd.
  • GEO Specialty Chemicals Inc.
  • Hitachi Chemical Co. Ltd.
  • Keisha Chemical Co. Ltd.
  • Millipore Sigma
  • Mitsubishi Chemical Holdings Corporation
  • Miwon Specialty Chemical Co. Ltd.
  • Nippon Shokubai Co. Ltd.
  • Sartomer (Arkema Group)
  • Shin Nakamura Chemical Co. Ltd.
  • Röhm GmbH

Market Segmentation:

The Specialty Methacrylate market has been segmented based on derivative, application, and end-use. The market is segmented as methyl methacrylate, butyl methacrylate, ethyl methacrylate, and others based on the derivative. The application segment includes acrylic sheets, moulding, paints & coatings, additives, and others. The end-user segment includes automotive, architecture & construction, electronics, advertisement & communication, and others. 

Based On Derivative, The Methyl Methacrylate Segment Is Accounted As A Major Contributor In The Specialty Methacrylate Market

During the forecast period, the methyl methacrylate segment is expected to increase the most. This is due to an increase in the young population combined with an increase in disposable income, which has led to major expansion in the vehicle sector, where methyl methacrylate-based acrylic sheets are widely utilized in tail-lights, instrument clusters, and other electronic components. 

The Segment, Paints & Coatings, Witnessed Growth At A Rapid Rate

The global market was dominated by the paints and coatings segment. This is due to an increase in demand for paints and coatings from the construction, automotive, and wood industries, which has led to an increase in demand for the paints manufacturing sector, where methacrylate monomers are widely used as a prime raw material during the paint manufacturing process. 

In The Region, The Asia-Pacific Specialty Methacrylate Market Holds A Significant Revenue Share

The Asia-Pacific methacrylate monomers market is anticipated to expand at the fastest CAGR during the forecast period, accounting for a significant methacrylate monomers market share, owing to growth in the building and construction, automotive, electronics, and other sectors, which have improved the performance of the methacrylate monomer in Asia-Pacific. Furthermore, China's consumer electronics sector has expanded significantly, which has boosted the region's methacrylate monomer market performance.

Specialty Methacrylate Market Report Scope:

Report Attribute

Specifications

Market Size Value In 2022

USD 210.50 Mn

Revenue Forecast In 2031

USD 314.67 Mn

Growth Rate CAGR

CAGR of 4.7% from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Mn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Derivative, Application, End-Use

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Dow, Sumitomo Chemical Co., Ltd., LG Chem, Arkema, BASF SE, Bimax Chemicals Ltd., Evonik Industries AG, Fushun Anxin Chemical Co. Ltd., GEO Specialty Chemicals Inc., Hitachi Chemical Co. Ltd., Keisha Chemical Co. Ltd., Millipore Sigma, Mitsubishi Chemical Holdings Corporation, Miwon Specialty Chemical Co. Ltd., Nippon Shokubai Co. Ltd., S), Shin Nakamura Chemical Co. Ltd., Röhm GmbH and others.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Specialty Methacrylate Market Snapshot

Chapter 4. Global Specialty Methacrylate Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact Analysis

Chapter 5. Market Segmentation 1: By Derivative Estimates & Trend Analysis
5.1. By Derivative & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Derivative:

5.2.1. Methyl Methacrylate
5.2.2. Butyl Methacrylate
5.2.3. Ethyl Methacrylate
5.2.4. Others

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Derivative & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Application:

6.2.1. Acrylic Sheets
6.2.2. Molding
6.2.3. Paints & Coatings
6.2.4. Additives
6.2.5. Others

Chapter 7. Market Segmentation 3: By End-use Estimates & Trend Analysis
7.1. By Derivative & Market Share, 2019-2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End-use:

7.2.1. Automotive
7.2.2. Architecture & Construction
7.2.3. Electronics
7.2.4. Advertisement & Communication
7.2.5. Others

Chapter 8. Specialty Methacrylate Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Derivative, 2023-2031
8.1.2. North America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.1.3. North America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By End-use, 2023-2031
8.1.4. North America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By country, 2023-2031
8.1.4.1. U.S.
8.1.4.2. Canada

8.2. Europe

8.2.1. Europe Specialty Methacrylate Market revenue (US$ Million) By Derivative, 2023-2031
8.2.2. Europe Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.2.3. Europe Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By End-use, 2023-2031
8.2.4. Europe Specialty Methacrylate Market revenue (US$ Million) By country, 2023-2031
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe

8.3. Asia Pacific

8.3.1. Asia Pacific Specialty Methacrylate Market revenue (US$ Million) By Derivative, 2023-2031
8.3.2. Asia Pacific Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.3.3. Asia Pacific Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By End-use, 2023-2031
8.3.4. Asia Pacific Specialty Methacrylate Market revenue (US$ Million) By country, 2023-2031
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific

8.4. Latin America

8.4.1. Latin America Specialty Methacrylate Market revenue (US$ Million) By Derivative, 2023-2031
8.4.2. Latin America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.4.3. Latin America Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By End-use, 2023-2031
8.4.4. Latin America Specialty Methacrylate Market revenue (US$ Million) By country, (US$ Million) 2023-2031
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America

8.5. Middle East & Africa

8.5.1. Middle East & Africa Specialty Methacrylate Market revenue (US$ Million) By Derivative, (US$ Million)
8.5.2. Middle East & Africa Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By Application, 2023-2031
8.5.3. Middle East & Africa Specialty Methacrylate Market revenue (US$ Million) estimates and forecasts By End-use, 2023-2031
8.5.4. Middle East & Africa Specialty Methacrylate Market revenue (US$ Million) By country, (US$ Million) 2023-2031
8.5.4.1. South Africa
8.5.4.2. GCC Countries
8.5.4.3. Rest of MEA

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. Dow
9.2.2. Sumitomo Chemical Co., Ltd.
9.2.3. LG Chem
9.2.4. Arkema
9.2.5. BASF SE
9.2.6. Bimax Chemicals Ltd.
9.2.7. Evonik Industries AG
9.2.8. Fushun Anxin Chemical Co. Ltd.
9.2.9. GEO Specialty Chemicals Inc.
9.2.10. Hitachi Chemical Co. Ltd.
9.2.11. Keisha Chemical Co. Ltd.
9.2.12. Millipore Sigma
9.2.13. Mitsubishi Chemical Holdings Corporation
9.2.14. Miwon Specialty Chemical Co. Ltd.
9.2.15. Nippon Shokubai Co. Ltd.
9.2.16. Sartomer (Arkema Group)
9.2.17. Shin Nakamura Chemical Co. Ltd.
9.2.18. Röhm GmbH

Segmentation of Specialty Methacrylate Market-

Specialty Methacrylate Market By Derivative-

  • Methyl Methacrylate
  • Butyl Methacrylate
  • Ethyl Methacrylate
  • Others

Specialty Methacrylate Market

Specialty Methacrylate Market By Application-

  • Acrylic Sheets
  • Molding
  • Paints & Coatings
  • Additives
  • Others

Specialty Methacrylate Market By End-Use-

  • Automotive
  • Architecture & Construction
  • Electronics
  • Advertisement & Communication
  • Others

Specialty Methacrylate Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.4456

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Frequently Asked Questions

How big is the Specialty Methacrylate Market Size?

The Specialty Methacrylate Market is expected to grow at a 4.7% CAGR during the forecast period for 2023-2031.

Dow, Sumitomo Chemical Co., Ltd., LG Chem, Arkema, BASF SE, Bimax Chemicals Ltd., Evonik Industries AG, Fushun Anxin Chemical Co. Ltd., GEO Specialty

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