Global Methacrylate Monomers Market Report 2017-2022 – A $11.26 Billion Market Opportunity – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Methacrylate
Monomers Market by Derivative (Methyl, Butyl, Ethyl), Application
(Acrylic Sheets, Molding, Paints & Coatings, Additives), End-Use
Industry (Automotive, Architecture & Construction, Electronics), and
Region – Global Forecast to 2022" report has been added to ResearchAndMarkets.com's
offering.

The global methacrylate monomers market is projected to grow from USD
8.85 Billion in 2017 to USD 11.26 Billion by 2022, at a CAGR of 4.9% in
terms of value.

The growth of the methacrylate monomers market is primarily driven by
the huge demand from Asia Pacific and growth in end-use industries such
as automotive, architecture & construction, and electronics. The
regulations on the use of methacrylate monomer are likely to get
flexible in the coming years as there are no direct substitutes
available for the end-use industries. Therefore, these regulations are
anticipated to have less impact on the growth of this market.

The Asia Pacific, Europe, and North American regions are the major
markets for methacrylate monomers. The Asia Pacific methacrylate
monomers market is projected to grow at the highest CAGR during the
forecast period. Many methacrylate monomers manufacturers are setting up
or expanding their manufacturing bases in Asia Pacific to capitalize on
the low manufacturing costs. The huge demand from signs & displays,
architectural and construction, and automotive industries is driving the
growth of the methacrylate monomers market in Asia Pacific. This growth
is mainly attributed to the growth in population and economy of major
countries such as China and India. China, India, South Korea, and Japan
are the leading consumers of methacrylate monomers in the region.

Mitsubishi Chemical (Japan), Evonik (Germany), BASF (Germany), Dow
Chemical (US), LG Chem (South Korea), Sumitomo Chemical (Japan), and
Arkema (France), among others, are the leading companies operating in
the methacrylate monomers market. These companies are expected to
account for significant shares of the methacrylate monomers market in
the near future.

Market Dynamics

Drivers

• Growing Demand for Methacrylate Monomers in Manufacturing LCD and LED
  Flat Screens
• High R&D Activity By Methacrylate Monomers Manufacturers
• Increasing Demand for Methacrylate Monomers in Automotive,
  Architectural and Construction, Solar, Other End-Use Industries

Restraints

• Volatility in Raw Material Prices

Opportunities

• Bio-Based Methacrylate Monomers
• Commissioning of the World's Largest Methacrylate Monomers Plant in
  Saudi Arabia

Challenges

• Significant Reduction in the Import of Methacrylate Monomers in Europe
  and the Middle East & Africa

Companies Mentioned

• Arkema
• Asahi Kasei
• BASF
• Chi Mei Corporation
• Eastman Chemical Company
• Esstech
• Estron Chemical
• Evonik Industries
• Fushun Anxin Chemical
• Gantrade Corporation
• Gelest
• Gujarat State Fertilizers and Chemicals
• Hitachi Chemical
• Kuraray
• LG Chem
• Mitsubishi Chemical
• Miwon Specialty Chemical
• Nippon Shokubai
• Sumitomo Chemical
• Ted Pella
• The DOW Chemical Company

For more information about this report visit https://www.researchandmarkets.com/research/f5rmnv/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900