Market Overview:
The global polymethacrylate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical grade and industrial grade polymethacrylate across different applications. Medical grade polymethacrylate is used in various applications such as prosthetic implants, ophthalmic lenses, and dental products. Industrial grade polymethacrylate is used in various applications such as PCMO, HDMO, industrial hydraulic oils, and automotive gear oils. The North American region dominates the global polymethacrylate market followed by Europe and Asia Pacific regions respectively.
Product Definition:
A polymer made from methacrylic acid and ethylene glycol. It is used in paints, adhesives, and coatings.
Medical Grade:
Medical-grade polymethacrylate (PMMA) is a type of acrylic resin that has been approved by the FDA for medical use. It is used in various applications such as surgical instruments, X-ray films, and diagnostic equipment. The growth factor in the global PMMA market includes factors such as rising demand from end-use industries and increasing awareness regarding its benefits among consumers across different regions.
Industrial Grade:
Industrial grade is a type of polymethacrylate that has been processed to remove the content which is not suitable for consumer use. It contains impurities such as sulfur, nitrogen and other harmful elements. Industrial grade polymethacrylate finds application in automotive industry mainly for manufacturing exterior body panels including hoods, doors and trunk lids along with interior parts such as steering wheels, gear boxes and air ducts.
Application Insights:
The global demand for polymethacrylate has witnessed a paradigm shift owing to its wide application scope in manufacturing gears and hydraulic oils, automotive gear oils, and other industrial applications. The PCMO segment accounted for the largest market share of over 50% in terms of revenue in 2017.
PCMO is widely used as an alternative to hydroxyapatite owing to its superior properties such as biocompatibility & non-toxicity towards cells & organisms. It finds extensive use as bone cement due to high biodegradability which allows easy tissue integration post surgery. It is also used extensively in dental applications owing to high wear resistance and low polishing time required which saves both time & cost involved with polishing procedures. Its growing usage rate across various end-use industries including medical devices, pharmaceuticals, food processing equipment etc.
Regional Analysis:
Asia Pacific polymethacrylate market led the global industry and accounted for over 40% of the total revenue in 2016. The region is expected to continue its dominance over the forecast period owing to increasing demand from end-use industries such as automotive, industrial machinery, medical devices and packaging. China is anticipated to remain a key consumer due to rapid industrialization coupled with large population base.
Europe was estimated at USD X million in 2016 and it is projected to grow at a CAGR of XX% from 2017 to 2030 owing high consumption levels of polymethacrylates in various applications such as paints & coatings, glues & adhesives used for manufacturing automobiles as well as household appliances among others.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and medical sectors
- Rising awareness about the benefits of polymethacrylate among consumers
- Growing investments by key players in research and development to develop new products
- Expansion of distribution networks by manufacturers to cater to the rising demand for polymethacrylate products globally
- Emerging economies offering lucrative growth opportunities for the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymethacrylate Market Research Report
By Type
Medical Grade, Industrial Grade
By Application
PCMO, HDMO, Industrial Hydraulic Oils, Automotive Gear Oils
By Companies
Afton Chemical, Lubrizol, Chevron Oronite, Evonik Industries, Infineum, Amtecol, Croda, Jinzhou Kangtai, MidContinental Chemical Company, Afton 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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Polymethacrylate Market Report Segments:
The global Polymethacrylate market is segmented on the basis of:
Types
Medical Grade, Industrial Grade
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
PCMO, HDMO, Industrial Hydraulic Oils, Automotive Gear Oils
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:
- Afton Chemical
- Lubrizol
- Chevron Oronite
- Evonik Industries
- Infineum
- Amtecol
- Croda
- Jinzhou Kangtai
- MidContinental Chemical Company
- Afton Chemical
Highlights of The Polymethacrylate 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:
- Medical Grade
- Industrial Grade
- By Application:
- PCMO
- HDMO
- Industrial Hydraulic Oils
- Automotive Gear Oils
- 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 Polymethacrylate 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?
Polymethacrylate is a type of polymer that is made up of many small molecules linked together. It is often used in products that need to be resistant to water and other chemicals, such as car parts and medical devices.
Some of the major companies in the polymethacrylate market are Afton Chemical, Lubrizol, Chevron Oronite, Evonik Industries, Infineum, Amtecol, Croda, Jinzhou Kangtai, MidContinental Chemical Company, Afton Chemical.
The polymethacrylate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polymethacrylate 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 Polymethacrylate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymethacrylate 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 Polymethacrylate 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 Polymethacrylate Market Size & Forecast, 2018-2028
4.5.1 Polymethacrylate Market Size and Y-o-Y Growth
4.5.2 Polymethacrylate Market Absolute $ Opportunity
Chapter 5 Global Polymethacrylate 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 Polymethacrylate Market Size Forecast by Type
5.2.1 Medical Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polymethacrylate 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 Polymethacrylate Market Size Forecast by Applications
6.2.1 PCMO
6.2.2 HDMO
6.2.3 Industrial Hydraulic Oils
6.2.4 Automotive Gear Oils
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polymethacrylate 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 Polymethacrylate 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 Polymethacrylate Analysis and Forecast
9.1 Introduction
9.2 North America Polymethacrylate 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 Polymethacrylate Market Size Forecast by Type
9.6.1 Medical Grade
9.6.2 Industrial Grade
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 Polymethacrylate Market Size Forecast by Applications
9.10.1 PCMO
9.10.2 HDMO
9.10.3 Industrial Hydraulic Oils
9.10.4 Automotive Gear Oils
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 Polymethacrylate Analysis and Forecast
10.1 Introduction
10.2 Europe Polymethacrylate 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 Polymethacrylate Market Size Forecast by Type
10.6.1 Medical Grade
10.6.2 Industrial Grade
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 Polymethacrylate Market Size Forecast by Applications
10.10.1 PCMO
10.10.2 HDMO
10.10.3 Industrial Hydraulic Oils
10.10.4 Automotive Gear Oils
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 Polymethacrylate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polymethacrylate 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 Polymethacrylate Market Size Forecast by Type
11.6.1 Medical Grade
11.6.2 Industrial Grade
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 Polymethacrylate Market Size Forecast by Applications
11.10.1 PCMO
11.10.2 HDMO
11.10.3 Industrial Hydraulic Oils
11.10.4 Automotive Gear Oils
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 Polymethacrylate Analysis and Forecast
12.1 Introduction
12.2 Latin America Polymethacrylate 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 Polymethacrylate Market Size Forecast by Type
12.6.1 Medical Grade
12.6.2 Industrial Grade
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 Polymethacrylate Market Size Forecast by Applications
12.10.1 PCMO
12.10.2 HDMO
12.10.3 Industrial Hydraulic Oils
12.10.4 Automotive Gear Oils
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) Polymethacrylate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polymethacrylate 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) Polymethacrylate Market Size Forecast by Type
13.6.1 Medical Grade
13.6.2 Industrial Grade
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) Polymethacrylate Market Size Forecast by Applications
13.10.1 PCMO
13.10.2 HDMO
13.10.3 Industrial Hydraulic Oils
13.10.4 Automotive Gear Oils
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 Polymethacrylate Market: Competitive Dashboard
14.2 Global Polymethacrylate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afton Chemical
14.3.2 Lubrizol
14.3.3 Chevron Oronite
14.3.4 Evonik Industries
14.3.5 Infineum
14.3.6 Amtecol
14.3.7 Croda
14.3.8 Jinzhou Kangtai
14.3.9 MidContinental Chemical Company
14.3.10 Afton Chemical
