Market Overview:
The global α-methacrylic acid market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for acrylic esters in various end-use industries such as coatings, adhesives, textiles, and others. In terms of type, the acetone cyanohydrin method segment is expected to account for a major share of the global α-methacrylic acid market during the forecast period. This can be attributed to the growing demand for acrylic esters in various end-use industries owing to their properties such as high thermal stability and low volatility. In terms of application, the ester synthesis segment is anticipated to hold a dominant position in the global α-methacrylic acid market during 2018–2030.
Product Definition:
α-Methacrylic Acid is a carboxylic acid with the chemical formula CH2=CHCOOH. It is an organic compound that is used in the production of plastics, resins, and other industrial chemicals.
Acetone Cyanohydrin Method:
Acetone cyanohydrin method is a chemical reaction between acetic acid and hydrogen cyanide. The reaction takes place in the presence of an catalyst at high temperature and pressure. This method provides cost-effective manufacturing process for large quantity of acrylic acid which has increased demand from various industries such as paints & coatings, plastic, fibers & cables, adhesives & sealants among others.
Isobutylene Oxidation Method:
Isobutylene Oxidation is a chemical reaction between isobutylene and oxygen. The Isobutylene Oxidation method (IBM) has been developed by the researchers at the University of Wisconsin-Madison for manufacturing acrylonitrile butadiene styrene (ABS). IBM produces high quality acrylonitrile which has low impurities and it also gives high yield in comparison to other methods.
Application Insights:
The global α-methacrylic acid market is segmented on the basis of application into ester synthesis, coating field, adhesive field, textile field and others. The ester synthesis segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to growing demand for esterification products from various industries such as pharmaceuticals and personal care. Furthermore, increasing R&D activities by major players for developing new applications is also expected to drive growth over the forecast period.
Coatingfield was another prominent application that accounted for a significant market share in 2017 owing to high product consumption during production of industrial coatings & adhesives at commercial scale level.
Regional Analysis:
Asia Pacific dominated the global α-MAA market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Paint Holdings Co., Ltd.; Lanxess AG; and Dainippon Ink & Chemicals Inc.; has resulted in high consumption of MAA in Asia Pacific region. In addition, increasing demand for consumer goods along with growing automotive production mainly due to low manufacturing cost is anticipated to drive product consumption across this region.
The European market was valued at USD X million in 2016 owing to rising demand from end-use industries such as coatings, adhesives & sealants, ester synthesis and textile which are experiencing growth due to economic recovery post recessionary period from 2009 till 2014.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and medical sectors
- Growing use of α-Methacrylic Acid in water treatment applications
- Rising demand for α-Methacrylic Acid in paints and coatings industry
- Increasing application scope of α-Methacrylic Acid in adhesives and sealants market
- Growing investments by key players to expand their production capacities
Scope Of The Report
Report Attributes
Report Details
Report Title
α-Methacrylic Acid Market Research Report
By Type
Acetone Cyanohydrin Method, Isobutylene Oxidation Method
By Application
Ester Synthesis, Coating Field, Adhesive Field, Textile Field, Others
By Companies
Mitsubishi Chemical, MGC, Kuraray, LG, Dow, Basf, Evonik, Formosa, Hefa Chem, Jiangsu Sanyi, Mitsubishi Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global α-Methacrylic Acid Market Report Segments:
The global α-Methacrylic Acid market is segmented on the basis of:
Types
Acetone Cyanohydrin Method, Isobutylene Oxidation Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ester Synthesis, Coating Field, Adhesive Field, Textile Field, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical
- MGC
- Kuraray
- LG
- Dow
- Basf
- Evonik
- Formosa
- Hefa Chem
- Jiangsu Sanyi
- Mitsubishi Chemical
Highlights of The α-Methacrylic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acetone Cyanohydrin Method
- Isobutylene Oxidation Method
- By Application:
- Ester Synthesis
- Coating Field
- Adhesive Field
- Textile Field
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the α-Methacrylic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
u00ceu00b1-Methacrylic acid is a white to off-white solid with a sweet, fruity odor. It is used as an acrylic acid ester in cosmetics and as a food additive.
Some of the major players in the î±-methacrylic acid market are Mitsubishi Chemical, MGC, Kuraray, LG, Dow, Basf, Evonik, Formosa, Hefa Chem, Jiangsu Sanyi, Mitsubishi Chemical.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 α-Methacrylic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 α-Methacrylic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 α-Methacrylic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the α-Methacrylic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global α-Methacrylic Acid Market Size & Forecast, 2018-2028
4.5.1 α-Methacrylic Acid Market Size and Y-o-Y Growth
4.5.2 α-Methacrylic Acid Market Absolute $ Opportunity
Chapter 5 Global α-Methacrylic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 α-Methacrylic Acid Market Size Forecast by Type
5.2.1 Acetone Cyanohydrin Method
5.2.2 Isobutylene Oxidation Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global α-Methacrylic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 α-Methacrylic Acid Market Size Forecast by Applications
6.2.1 Ester Synthesis
6.2.2 Coating Field
6.2.3 Adhesive Field
6.2.4 Textile Field
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global α-Methacrylic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 α-Methacrylic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America α-Methacrylic Acid Analysis and Forecast
9.1 Introduction
9.2 North America α-Methacrylic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America α-Methacrylic Acid Market Size Forecast by Type
9.6.1 Acetone Cyanohydrin Method
9.6.2 Isobutylene Oxidation Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America α-Methacrylic Acid Market Size Forecast by Applications
9.10.1 Ester Synthesis
9.10.2 Coating Field
9.10.3 Adhesive Field
9.10.4 Textile Field
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe α-Methacrylic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe α-Methacrylic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe α-Methacrylic Acid Market Size Forecast by Type
10.6.1 Acetone Cyanohydrin Method
10.6.2 Isobutylene Oxidation Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe α-Methacrylic Acid Market Size Forecast by Applications
10.10.1 Ester Synthesis
10.10.2 Coating Field
10.10.3 Adhesive Field
10.10.4 Textile Field
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific α-Methacrylic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific α-Methacrylic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific α-Methacrylic Acid Market Size Forecast by Type
11.6.1 Acetone Cyanohydrin Method
11.6.2 Isobutylene Oxidation Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific α-Methacrylic Acid Market Size Forecast by Applications
11.10.1 Ester Synthesis
11.10.2 Coating Field
11.10.3 Adhesive Field
11.10.4 Textile Field
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America α-Methacrylic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America α-Methacrylic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America α-Methacrylic Acid Market Size Forecast by Type
12.6.1 Acetone Cyanohydrin Method
12.6.2 Isobutylene Oxidation Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America α-Methacrylic Acid Market Size Forecast by Applications
12.10.1 Ester Synthesis
12.10.2 Coating Field
12.10.3 Adhesive Field
12.10.4 Textile Field
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) α-Methacrylic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) α-Methacrylic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) α-Methacrylic Acid Market Size Forecast by Type
13.6.1 Acetone Cyanohydrin Method
13.6.2 Isobutylene Oxidation Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) α-Methacrylic Acid Market Size Forecast by Applications
13.10.1 Ester Synthesis
13.10.2 Coating Field
13.10.3 Adhesive Field
13.10.4 Textile Field
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 α-Methacrylic Acid Market: Competitive Dashboard
14.2 Global α-Methacrylic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical
14.3.2 MGC
14.3.3 Kuraray
14.3.4 LG
14.3.5 Dow
14.3.6 Basf
14.3.7 Evonik
14.3.8 Formosa
14.3.9 Hefa Chem
14.3.10 Jiangsu Sanyi
14.3.11 Mitsubishi Chemical
