Methacrylate Monomers Market - Forecast(2021 - 2026)

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Methacrylate Monomers Market Overview

Methacrylate Monomers Market size is forecast to reach $12.11 billion by 2025, after growing at a CAGR of 4.50% during 2020-2025. Methacrylate is a family of compounds that originates from methacrylic acid. Methacrylate is produced by reacting methacrylic acid with appropriate alcohol. Methacrylate monomers are primarily used as building blocks of acrylic-based polymerization products. They are polymerized to form polymethylacrylate, which is further employed in several applications. It can be derived to form a wide range of compounds, which can be used in industries such as paints & coatings, adhesives & sealants, and plastics.

Report Coverage

The report: “Methacrylate Monomers Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Methacrylate Monomers Market Industry.
By Derivative: Methyl Methacrylate, Butyl Methacrylate, Ethyl Methacrylate, Stearyl Methacrylate and Others. 
By Application: Acrylic Sheets, Molding, Paints & Coatings, Adhesives & Sealants, Composites, Additives and Others
By End-Use Industry: Automotive, Architecture & Construction, Electronics, Advertisement & Communication, Healthcare, Industrial and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • Asia-Pacific is expected to dominate the global market during the forecast period, owing to low production costs in the region.
  • Methacrylate monomers are used to create molded parts, with outstanding surface hardness, UV, and abrasion resistance. 
  • Recycling ability and inexpensive nature of methacrylate compounds are estimated to boost the methacrylate monomers market in the forecast period.

Methacrylate Monomers Market Segment Analysis - By Type

Methyl Methacrylate segment held a significant share in methacrylate monomers market in 2019. Methyl methacrylate is the basic molecule, or monomer, from which polymethyl methacrylate and many other acrylic polymer plastics are formed. Acetone cyanohydrin (ACH) is an organic compound used in the production of methyl methacrylate, the monomer of the transparent plastic polymethyl methacrylate (PMMA), also known as acrylic.  Methacrylate monomers like polymethyl methacrylate (PMMA) provides superior transparency, weather resistance, and other characteristics, which increases its demand for the use in signboards and displays, lighting equipment, automotive parts, construction materials and more. PMMA is also used as molds to make lenses used in airport landing lights and glasses for commercial buildings. Increase in the demand for PMMA-based molds by several end-use industries has augmented the growth of the methacrylate monomer market, globally. Stearyl methacrylate is primarily used as a coating compound, adhesive compound, and fiber treatment agent. The demand for stearyl methacrylate from chemical, automotive, marine, and other industries will boost the growth of the market.

Methacrylate Monomers Market Segment Analysis - By Application

Molding segment held a significant share in methacrylate monomers market in 2019. Rising demand for acrylic resins in products such as instrument clusters and taillights for cars and trucks is driving the growth of this segment. Methacrylate monomers are polymerized into Polymethylmethacrylate (PMMA) in the form of pellets and beads, which are further molded into several end-use products. PMMA can be molded into knobs on the faucets of sinks, contact lenses, and lenses for sunglasses and eyeglasses. Demand for methacrylate compounds in electronics and paints & coatings industries is rising owing to its scratch resistance ability.

Evonik Industries supplies PMMA products under the brand name PLEXIGLAS to be used in aircraft passenger cabins, helicopters, submarines, automotive windshields, and as glazing systems for rear side windows, roofs, and rear windows. PLEXIGLAS glazing, launched by Evonik, is 40% to 50% lighter than conventional glass, which is of great interest to vehicle manufacturers 

Methacrylate Monomers Market Segment Analysis - By End-Use Industry

Automotive segment held a significant share in methacrylate monomers market in 2019 growing at a CAGR of 5% during the forecast period. This is due to the different requirements of manufacturers, such as reduced emissions of volatile organic compounds (VOCs) by methacrylates that play a role in the formation of smog and to achieve durable protective surface coating on vehicles. Methacrylate monomers, such as Methyl Methacrylate (MMA) and butyl methacrylate, are widely used in the automotive industry. One of the uses of methacrylate monomers in the automotive industry is mainly for automotive glazing. 

According to OICA, the number of passenger vehicles production increased from 68,539,516 units in 2015 to 71,750,946 units in 2018. Hence, growing automotive industry is expected to drive the methacrylate monomers market. However, due to the outbreak of the novel coronavirus (COVID-19), automobile and component manufacturing plants are being shuttered around the world, consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically and almost every major industry event is either being cancelled or going the digital way. The impact of coronavirus on other markets, and particularly China, has also led to disruption in supply chains. This is particularly concerning considering that the global automotive industry reportedly imports more than $34 billion in parts from China.

Methacrylate Monomers Market Segment Analysis - Geography

Asia Pacific dominated the methacrylate monomers market with a share of more than 39%, followed by North America and Europe. This is primarily because of higher demand from the automotive sector and construction sector due to a growing population. The rapidly increasing population and the presence of developing economies are expected to boost residential construction. 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 monomer market in Asia Pacific. Rapid urbanization and industrialization in the emerging nations, such as Japan, China, India, and others will fuel the growth of the market in the Asia Pacific region.

Methacrylate Monomers Market Drivers

Increase in demand from various end-users of the product.

The wide range of applications of methacrylate-based monomers in the automotive sector will fuel the growth of the market. For example, these products can be used to create interior accessories like holders for yachts and sailing boats; acrylic sheet for caravan window glazing; coatings for automotive topcoats & refinishing; and interior & exterior panels, trim, bumpers, fenders and other molded parts. The rapid expansion of the IT and telecommunication industry has increased the demand for methacrylate-based products due to their excellent optical characteristics, for example in light-guiding plates and light diffusion plates for flat panel displays. 

Methacrylate is also used to manufacture a wide range of medical and dental applications, where purity and stability are critical. Some examples include intravenous (IV) tubing connectors, medical pump, filter housings, & heart valves, hyperbaric chambers, baby incubators, artificial teeth, dentures, bridges, and dental prosthetics, among others. Cement containing methacrylate-based polymers and liquid monomer is used by physicians in hip replacements and by dentists in white dental fillings with liquid monomers polymerized in situ.

Methacrylate Monomers Market Challenges

Strict regulations and raw material prices.

Stringent regulations laid in some countries are expected to hinder the methacrylate monomers market. For instance, the use of VOC-containing products inadvertently releases volatile organic compounds (VOCs), causing air pollution and smog. To improve air quality, many governments have implemented a series of various control measures. In addition, vulnerability in the prices of raw material used in the production is expected to act as a restraint to the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the methacrylate monomers market. In 2019, the market of methacrylate monomers has been consolidated by the top five players accounting for xx% of the share. Major players in the methacrylate monomers market are Mitsubishi Chemical, Evonik Industries, Dow Chemical, Eastman Chemical Company, Sumitomo Chemical, LG Chem, Arkema, Hitachi Chemical, Nippon Shokubai, among others.

Acquisitions

  • In January 2018, MPD Chemicals LLC has completed the acquisition of Norquay Technology. With the completion of this acquisition, MPD are expected to have expanded their product offerings and solutions portfolio for organic and inorganic chemicals significantly.

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1.Methacrylate Monomers Market - Overview
        1.1 Definitions and Scope
2.Methacrylate Monomers Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by Type of Application
        2.3 Key Trends Segmented by Geography
3.Methacrylate Monomers Market
        3.1 Comparative Analysis
            3.1.1 Product Benchmarking - Top 10 Companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value Split by Top 10 Companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4.Methacrylate Monomers Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5.Methacrylate Monomers Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing Business Index
        5.3 Case studies of Successful Ventures
        5.4 Customer Analysis - Top 10 Companies
6.Methacrylate Monomers Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters Five Force Model
            6.4.1 Bargaining Power of Suppliers
            6.4.2 Bargaining Powers of Customers
            6.4.3 Threat of New Entrants
            6.4.4 Rivalry Among Existing Players
            6.4.5 Threat of Substitutes
7.Methacrylate Monomers Market -Strategic analysis
        7.1 Value Chain Analysis
        7.2 Opportunities Analysis
        7.3 Product Life Cycle
        7.4 Suppliers and Distributors Market Share
8.Methacrylate Monomers Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9.Methacrylate Monomers Market - By End-Use Industry ( Market Size -$Million / $Billion)
        9.1 Methacrylate Monomers Market By End-Use Industry
            9.1.1 Automotive and Transportation
            9.1.2 Architecture & Construction
            9.1.3 Electronics
            9.1.4 Advertisement & Communication
            9.1.5 Healthcare 
            9.1.6 Industrial
            9.1.7 Others
10.Methacrylate Monomers - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment Type Size and Market Share Analysis
        10.2 Application Revenue and Trends by Type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Acrylic Sheets
            10.3.2 Molding
            10.3.3 Paints & Coatings
            10.3.4 Adhesives & Sealants
            10.3.5 Composites
            10.3.4 Additives
            10.3.5 Others
11.Methacrylate Monomers - By Derivatives (Market Size -$Million / $Billion)
        11.1 Segment Type Size and Market Share Analysis
        11.2 Segment Revenue and Trends by Derivatives
        11.3 Segment Analysis by Derivatives
            11.3.1 Methyl
            11.3.2 Ethyl
            11.3.3 Butyl
            11.3.4 Others
12.Methacrylate Monomers- By Geography (Market Size -$Million / $Billion)
        12.1 Methacrylate Monomers Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment Type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product Type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
        12.3 Methacrylate Monomers Market - South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Methacrylate Monomers Market - Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Methacrylate Monomers Market - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong kong
                  12.8.5.9 Rest of APAC
        12.9 Methacrylate Monomers Market - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
                  12.10.5.4 Rest of Middle East
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Africa
13.Methacrylate Monomers Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14.Methacrylate Monomers Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15.Methacrylate Monomers Market - Key Company List by Country Premium
16.Methacrylate Monomers Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 Arkema
        16.3 BASF
        16.4 Eastman Chemical Company
        16.5 Evonik Industries
        16.6 LG Chem
        16.7 Mitsubishi Chemical
        16.8 Nippon Shokubai
        16.9 Asahi Kasei
        16.10 Chi Mei Corporation
        16.11 Esstech
        16.12 Estron Chemical
        16.13 Fushun Anxin Chemical
        16.14 Gantrade Corporation
        16.15 Gelest
        16.16 Hitachi Chemical
        16.17 Kuraray
        16.18 Miwon Specialty Chemical
        16.19 Sumitomo Chemical
        16.20 The DOW Chemical Company
        16.21 Ted Pella
17.Methacrylate Monomers Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18.Methacrylate Monomers Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
1.1 Automotive Market 2019-2024 ($M) - Global Industry Research
1.2 Architecture & Construction Market 2019-2024 ($M) - Global Industry Research
1.3 Electronics Market 2019-2024 ($M) - Global Industry Research
1.4 Advertisement & Communication Market 2019-2024 ($M) - Global Industry Research
2.Global Methacrylate Monomers Market By End-Use Industry Market 2019-2024 (Volume/Units)
2.1 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Architecture & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Advertisement & Communication Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
3.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
3.2 Architecture & Construction Market 2019-2024 ($M) - Regional Industry Research
3.3 Electronics Market 2019-2024 ($M) - Regional Industry Research
3.4 Advertisement & Communication Market 2019-2024 ($M) - Regional Industry Research
4.South America Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
4.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
4.2 Architecture & Construction Market 2019-2024 ($M) - Regional Industry Research
4.3 Electronics Market 2019-2024 ($M) - Regional Industry Research
4.4 Advertisement & Communication Market 2019-2024 ($M) - Regional Industry Research
5.Europe Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
5.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
5.2 Architecture & Construction Market 2019-2024 ($M) - Regional Industry Research
5.3 Electronics Market 2019-2024 ($M) - Regional Industry Research
5.4 Advertisement & Communication Market 2019-2024 ($M) - Regional Industry Research
6.APAC Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
6.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.2 Architecture & Construction Market 2019-2024 ($M) - Regional Industry Research
6.3 Electronics Market 2019-2024 ($M) - Regional Industry Research
6.4 Advertisement & Communication Market 2019-2024 ($M) - Regional Industry Research
7.MENA Methacrylate Monomers Market By End-Use Industry Market 2019-2024 ($M)
7.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.2 Architecture & Construction Market 2019-2024 ($M) - Regional Industry Research
7.3 Electronics Market 2019-2024 ($M) - Regional Industry Research
7.4 Advertisement & Communication Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Methacrylate Monomers Market Revenue, 2019-2024 ($M)
2.Canada Methacrylate Monomers Market Revenue, 2019-2024 ($M)
3.Mexico Methacrylate Monomers Market Revenue, 2019-2024 ($M)
4.Brazil Methacrylate Monomers Market Revenue, 2019-2024 ($M)
5.Argentina Methacrylate Monomers Market Revenue, 2019-2024 ($M)
6.Peru Methacrylate Monomers Market Revenue, 2019-2024 ($M)
7.Colombia Methacrylate Monomers Market Revenue, 2019-2024 ($M)
8.Chile Methacrylate Monomers Market Revenue, 2019-2024 ($M)
9.Rest of South America Methacrylate Monomers Market Revenue, 2019-2024 ($M)
10.UK Methacrylate Monomers Market Revenue, 2019-2024 ($M)
11.Germany Methacrylate Monomers Market Revenue, 2019-2024 ($M)
12.France Methacrylate Monomers Market Revenue, 2019-2024 ($M)
13.Italy Methacrylate Monomers Market Revenue, 2019-2024 ($M)
14.Spain Methacrylate Monomers Market Revenue, 2019-2024 ($M)
15.Rest of Europe Methacrylate Monomers Market Revenue, 2019-2024 ($M)
16.China Methacrylate Monomers Market Revenue, 2019-2024 ($M)
17.India Methacrylate Monomers Market Revenue, 2019-2024 ($M)
18.Japan Methacrylate Monomers Market Revenue, 2019-2024 ($M)
19.South Korea Methacrylate Monomers Market Revenue, 2019-2024 ($M)
20.South Africa Methacrylate Monomers Market Revenue, 2019-2024 ($M)
21.North America Methacrylate Monomers By Application
22.South America Methacrylate Monomers By Application
23.Europe Methacrylate Monomers By Application
24.APAC Methacrylate Monomers By Application
25.MENA Methacrylate Monomers By Application
26.Mitsubishi Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sumitomo Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.LG Chem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Arkema, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Eastman Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nippon Shokubai, Sales /Revenue, 2015-2018 ($Mn/$Bn)