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 rising demand for methacrylate monomers across various industries, coupled with the need for durable paints and coatings, will boost the growth of the market. The application of methacrylate-based monomers as coatings is used in various industries such as architecture, automotive, and other industries. The architecture sector uses these coatings as surface coatings on aluminum, building surfaces, plastic, metals, glass, paper, steel, and more. In the automotive industry methacrylate coatings offer a rich gloss effect as well as a shield from mechanical and chemical attack.
Methacrylate monomers are also used for composing methacrylate adhesives, which are formed of elastomers and toughening agents. Methacrylates are available in a range of cure speeds which exhibit superior low-temperature impact performance. High strength bonds can be achieved with a variety of materials, especially plastics. Moreover, in the healthcare industry, these monomers are used for dental applications, due to their lower physicomechanical properties such as degree of conversion, hardness, modulus, and shrinkage, than those of conventional materials of proven clinical performance.
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Further key findings from the report suggest
- Tert-butyl methacrylate accounts for the largest market share of ~24% in the year 2018. Tertiary-butyl methacrylate is a highly versatile monomer, with UV weather ability, and superior solubility properties. It has applications in numerous areas such as feedstock for chemical syntheses. These monomers increase the viscosity and reduce the temperature characteristics of lubricants, which helps in the conservation of energy.
- The paints & coating application account for the largest market share of ~22% in the year 2018. Acrylic paints contain one or more methacrylate-based products, which help enable paints and coatings to be applied efficiently while producing a durable and long-lasting coating. This helps to protect the surface from sunlight, rain, and other factors that may cause the layers to degenerate. The durability of methacrylate-based paints and coatings is used for numerous applications, such as roadway marking paints.
- The electronics industry accounted for the largest market share of ~18% in the year 2018. The electronics industries use methacrylate-based polymers to manufacture flat-screen computer monitors and televisions, as well as in DVDs, compact discs and laser discs. Printed circuit board coatings also contain methacrylate, which can provide them with increased resistance to corrosion, and improving their service life.
- North America held the second-largest market share of ~25% in the year 2018, owing to the demand for methacrylate monomers for several applications across many industries, such as marine, electronics, automotive, and aerospace, among others.
- Key participants include Evonik Industries, The DOW 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 companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented into the global methacrylate monomers market on the basis of application, derivatives, industry vertical, and region:
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
Industry Vertical Outlook
- Automotive
- Architecture
- Electronics
- Advertisement & Communication
- Building & Construction
- Healthcare & Life Science
- Aerospace
- Marine
- Others
Regional Outlook
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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