Methyl Methacrylate Market to grow at CAGR 4.8%, market value to reach 11,114 million by 2030
Acumen Research and Consulting
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Methyl Methacrylate Market Size to grow at CAGR 4.8%, market value to reach 11,114 million by 2030 as per market research firm Acumen Research and Consulting. Methyl methacrylate are organic compounds with a?chemical formula CH2=C(CH3)COOCH3. The organic compound is?color less liquids which are used in manufacture of plastics and resins. They have an irritating effect on human skin, eyes and mucous membranes. Methyl methacrylate is applicable for a number of purpose, like?impregnating concrete for?making them?water repellent. They?are also used in various fields of dentistry and medicine and to make prostheses and as cement or ceramic filler. Methyl methacrylate, which is also known by?methacrylic acid and methylester is monomer.?
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Dynamics of Methyl Methacrylate Market
Increasing demand for methyl-methacrylate in a variety of end-use industries which include medical?automotive, construction, paints & coatings, aerospace,?electronics and others could open up a promising growth opportunity in the anticipated period. Methyl-methacrylate is also used in manufacturing of sealants and?adhesives, floor polishes, liquid waterproofing agents, binders for concrete mix, transportation assembly application, along with digital signs, taillights, instrument panels, and electronic screens for their uses. All the mentioned factors have been responsible for the growth of the industry.
The growing demand for methyl-methacrylate within the automobile sector is?the main drivers for the market growth. Increasing demand for the automobiles, improved vehicular design capability, and growing importance of the lightweight along with emission-controlled vehicles are the key factors fueling the?automotive industry market. In addition, the growing importance of light commercial vehicles with lower CO2 emission and a higher fuel efficiency has been?estimated to the drive market. In the near future, the growing demand for best alternatives for development of construction and?automotive?activities have propelled growth of this?market. As per the market forecasts for methyl-methacrylate, automotive segment is set to?see the strongest growth in the market in the coming years.?
Methyl Methacrylate Regional Market Analysis?
North American region?growing Automotive and electronic sectors drive regional market’s expansion. The North American region is estimated to dominate market over the forecast timeframe between 2018 and 2026 given?the growing industrial sectors and growing demand for?methyl methacrylate from many industries. The rise of the electronic sectors is some of the main factors behind the growth of this market in the mentioned region.?
The European region is expected to account for the largest share of the market growth during the forecast period owing to the growing automotive industry. Also, the growing demand for the automobiles and improved vehicular designs are noted as some of the?factors driving the market demand in the region.?
Asia Pacific is considered to be?highest growing region due to strong industrial bases, mainly in countries like China, Japan and India. LAMEA is set to have the smallest share because of poor economic conditions and less infrastructure development. Middle East has one of the largest market shares due to a well-developed constructional sector as well as?well-developed economies.?
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Top Methyl Methacrylate Market Companies?
亨斯迈集团 赢创工业集团 陶氏化学 Sumitomo Chemical 巴斯夫 Mitsubishi Chemical Corporation 阿克苏诺贝尔 阿科玛 Kolon Industries, Inc 旭化成
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