PUNE, India, January 12, 2018
PUNE, India, January 12, 2018 /PRNewswire/ --
The report "Methacrylate Monomers Market by Derivative (Methyl, Butyl, Ethyl), Application (Acrylic Sheets, Molding, Paints & Coatings, Additives), End-Use Industry (Automotive, Architetcure & Construction, Electronics), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the global 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% during the forecast period.
Browse 110 market data Tables and 34 Figures spread through 140 Pages and in-depth TOC on "Methacrylate Monomers Market"
Early buyers will receive 10% customization on this report
Factors driving the growing use of methacrylate monomers are the application expansion achieved through the improved quality of methacrylate monomers and increased demand for Polymethylmethacrylate (PMMA) in acrylic sheets and molding compounds. Rapidly growing demand for methacrylate monomers in applications, competitive manufacturing costs, and high economic growth rate are the favorable forces driving the market of methacrylate monomers globally.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=99100473
The molding segment is projected to lead the Methacrylate Monomers Market during the forecast period, 2017 to 2022.
In terms of value, the molding segment is projected to lead the Methacrylate Monomers Market during the forecast period. The molding segment is projected to represent the bulk of demand and witness high growth across the globe due to the increasing demand of for acrylic resins in end-use products such as instrument clusters and tail lights of cars and trucks. Methacrylate monomers are polymerized into PMMA in the form of pellets and beads, which are further molded into several end-use products.
Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, 2017 to 2022.
Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, in terms of value. One of the uses of methacrylate monomers in the automotive industry is mainly for automotive glazing. 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.
Asia Pacific is projected to lead the global Methacrylate Monomers Market during the forecast period.
Asia Pacific is projected to be the largest Methacrylate Monomers Market during the forecast period. Asia Pacific has emerged as the leading customer of methacrylate monomers owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to resources. The growth of the Methacrylate Monomers Market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities for methacrylate monomers in the country.
Rapidly growing demand for methacrylate monomers in applications, competitive manufacturing costs, and high economic growth rate are the favorable forces driving the market of methacrylate monomers in this region. The Chinese and Indian governments have been relaxing the regulations for private investments in various industries such as automotive, construction, electronics, and medical for a few years. Owing to these factors, the methacrylate monomers manufacturers are expanding their production capacities in various Asia Pacific countries, thus driving the market.
Key players profiled in the report are Mitsubishi Chemical (Japan), Evonik (Germany), Dow Chemical (US), Sumitomo Chemical (Japan), LG Chem (South Korea), and Arkema (France), among others.
Inquiry before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=99100473
Browse Related Reports
Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) - Global Trends & Forecasts to 2021
Acrylic Acid Market by Derivative (Esters/Acrylates - METHYL, ETHYL, BUTYL, 2-EH; Polymers - Elastomers, Superabsorbent Polymers, Water Treatment Polymers; Other Derivatives), by Applications & Region - Global Forecast to 2020
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets