Demand For Methacrylate Monomers Is Anticipated To Rise At A CAGR Of 4.2% Canada: Fact.MR
According to Fact.MR, a market research and competitive intelligence service, the global methacrylate monomers market is expected to reach a valuation of US$ 21 billion by the end of 2033. The global demand for methacrylate monomers is predicted to rise at a 5.3% CAGR through 2033. The increasing usage of polymerized methacrylate monomers in orthopaedic and dental surgery is likely to drive up demand.
Methacrylate monomers are industrial monomers with extremely reactive double bonds that can rapidly form polymers. There are numerous methacrylate monomer derivatives available worldwide, including stearyl methacrylate, cyclohexyl methacrylate, glycidyl methacrylate, allyl methacrylate, ethyl methacrylate, butyl methacrylate, and methyl methacrylate. They are utilised in a wide range of applications, including architecture, automotive, electronics, paints and coatings, and others.
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Rising population and rapid urbanization are contributing to the growth of the architecture and construction sector in developing and developed economies, including India, the United States, and others. The architecture and construction industry uses methacrylate monomers as a binder for liquid waterproofing applications, industrial flooring, reactive road making, and concrete admixtures.
- According to a research report published by the National Investment Promotion and Facilitation Agency, infrastructure activities in India held 13.1% of the total share of FDI (foreign direct investment) inflows in 2021.
There are a few incidences related to the side effects of methacrylate monomer infection. Slight eye irritation and moderate skin irritation are caused due to exposure to methacrylate monomer. In addition, inhalation of vapor or mist can cause throat, lung, and nose irritation. Sometimes, these irritations can be fatal if exposure reaches beyond limits.
Asia Pacific is estimated to hold a significant share of the global market revenue. Rising regional population and economic growth in regional countries, including South Korea, India, Japan, and China are anticipated to result in increased use of methacrylate monomers in various industries, including healthcare, construction, and others.
Key Takeaways from Market Study
- The global methacrylate monomers market is valued at US$ 12.5 billion in 2023.
- Demand for methacrylate monomers is projected to rise at a CAGR of 5.3% through 2033.
- Sales of methyl methacrylate-derived methacrylate monomers are expected to expand at 6.2% CAGR over the forecast period (2023 to 2033).
- Demand for methacrylate monomers is anticipated to rise at a CAGR of 4.2% Canada.
- Sales of methacrylate monomers are estimated to expand at a CAGR of 3.9% in Germany.
- The global methacrylate monomers market is forecasted to reach a valuation of US$ 21 billion by the end of 2033.
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Segmentation of Methacrylate Monomers Industry Research
- By Derivative:
- Methyl methacrylate
- Butyl methacrylate
- Ethyl methacrylate
- Stearyl methacrylate
- Others
- By End Use:
- Automotive
- Electronics
- Architecture & Construction
- Advertisement & Communication
- Industrial
- Healthcare
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Competitive Landscape
Prominent suppliers of methacrylate monomers are making huge investments in strengthening their supply chain management systems to generate leads. Delivery of quality products is ensured by suppliers, maintaining product standards for quality control. Market players work effectively to minimize environmental impacts to achieve the goal of a sustainable environment.
Key Market Players
- Arkema Group
- Ted Pella, Inc.
- Estron Chemical, Inc.
- DuPont de Nemours, Inc.
- Hitachi Chemical Co., Ltd.
- Gantrade Corporation
- Mitsubishi Chemical Corporation
- Nippon Shokubai Co., Ltd
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