Market Overview:
The global 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 methacrylic acid market has been segmented on the basis of type, application and region. On the basis of type, the acetone cyanohydrin method segment is expected to account for a major share of the global methacrylic acid market during the forecast period. This can be attributed to its growing demand from ester synthesis applications.
Product Definition:
-Methacrylic acid is a carboxylic acid with the formula CH2=C(CH3)COOH. It is the simplest alkyl acrylic acid. The molecule consists of a vinyl group and a methyl group linked to the central carbon atom.
It is an important intermediate in the production of polymers such as acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA),.
Acetone Cyanohydrin Method:
Acetone cyanohydrin method is a one-step process for the production of ?-methacrylic acid which uses acetone and hydrogen cyanide as raw materials. The major application of this product is in the production of polyurethane foams. This method provides several advantages over other processes such as less energy consumption, easy operation & maintenance, low catalyst cost and high yield.
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 South Florida in Tampa, FL, U.S., as an alternative to hazardous practices involved in methylation or oxidation-era hydrogenation for manufacturing ?-methacrylic acid (PMA).
The research study on IBM was published in Journal of Industrial.
Application Insights:
The others segment includes the application of ?-methacrylic acid in cosmetics, pharmaceuticals and food processing. The demand for the chemical is expected to rise owing to its properties such as low toxicity and non-toxicity towards humans, animals and plants. Furthermore, it has a low rate of VOC emissions which makes it suitable for use in paints & coatings used on various construction & building materials.
Ester synthesis was the largest application segment accounting for over 30% share of global volume in 2017 due to high demand from industrial solvents applications such as cleaning agents, oils & greases and adhesives used across several industries worldwide including automotive (latex rubber), printing ink production (water based adhesive) textile finishing (cotton fabrics) etc.
Regional Analysis:
Asia Pacific was the largest market for global ?-MAA with a share of over 40% in 2017. The region is expected to witness significant growth in future as well owing to increasing demand from various application industries and rising awareness about environment friendly products.
The presence of key manufacturers such as Nippon Paint Holdings Co., Ltd.; Lanxess AG; and DIC Corporation will also boost the market growth in Asia Pacific. In addition, growing industrialization coupled with rapid urbanization has resulted into high product consumption across several end-use industries such as construction, coating, adhesives & sealants, and others.
Europe emerged as the second major consumer for global “-MAA due to high demand from coatings application industry on account of rising investments on infrastructure development along with growing automotive industry at both domestic level and EU level will drive product consumption over next seven years.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and plastics
- Rising production of acrylonitrile monomer owing to the increasing demand for acrylic fibers
- Growing investments in the construction sector across emerging economies
- Proliferation of new applications for methacrylic acid in various end-use industries
- Technological advancements that have led to the development of novel methacrylic acid derivatives
Scope Of The Report
Report Attributes
Report Details
Report Title
?-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
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global ?-Methacrylic Acid Market Report Segments:
The global ?-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
Highlights of The ?-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 ?-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?
Methacrylic acid is a type of acrylic acid. It is a white, odorless solid that is used in the production of plastics and other materials.
Some of the major companies in the ?-methacrylic acid market are Mitsubishi Chemical, MGC, Kuraray, LG, Dow, Basf, Evonik, Formosa, Hefa Chem, Jiangsu Sanyi.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. ?-Methacrylic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. ?-Methacrylic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. ?-Methacrylic Acid Market - Supply Chain
4.5. Global ?-Methacrylic Acid Market Forecast
4.5.1. ?-Methacrylic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. ?-Methacrylic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. ?-Methacrylic Acid Market Absolute $ Opportunity
5. Global ?-Methacrylic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. ?-Methacrylic Acid Market Size and Volume Forecast by Type
5.3.1. Acetone Cyanohydrin Method
5.3.2. Isobutylene Oxidation Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global ?-Methacrylic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. ?-Methacrylic Acid Market Size and Volume Forecast by Application
6.3.1. Ester Synthesis
6.3.2. Coating Field
6.3.3. Adhesive Field
6.3.4. Textile Field
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global ?-Methacrylic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. ?-Methacrylic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global ?-Methacrylic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. ?-Methacrylic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global ?-Methacrylic Acid Demand Share Forecast, 2019-2026
9. North America ?-Methacrylic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America ?-Methacrylic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America ?-Methacrylic Acid Market Size and Volume Forecast by Application
9.4.1. Ester Synthesis
9.4.2. Coating Field
9.4.3. Adhesive Field
9.4.4. Textile Field
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America ?-Methacrylic Acid Market Size and Volume Forecast by Type
9.7.1. Acetone Cyanohydrin Method
9.7.2. Isobutylene Oxidation Method
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America ?-Methacrylic Acid Demand Share Forecast, 2019-2026
10. Latin America ?-Methacrylic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Application
10.4.1. Ester Synthesis
10.4.2. Coating Field
10.4.3. Adhesive Field
10.4.4. Textile Field
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Type
10.7.1. Acetone Cyanohydrin Method
10.7.2. Isobutylene Oxidation Method
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America ?-Methacrylic Acid Demand Share Forecast, 2019-2026
11. Europe ?-Methacrylic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Application
11.4.1. Ester Synthesis
11.4.2. Coating Field
11.4.3. Adhesive Field
11.4.4. Textile Field
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Type
11.7.1. Acetone Cyanohydrin Method
11.7.2. Isobutylene Oxidation Method
11.8. Basis oint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe ?-Methacrylic Acid Demand Share, 2019-2026
12. Asia Pacific ?-Methacrylic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Application
12.4.1. Ester Synthesis
12.4.2. Coating Field
12.4.3. Adhesive Field
12.4.4. Textile Field
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Type
12.7.1. Acetone Cyanohydrin Method
12.7.2. Isobutylene Oxidation Method
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific ?-Methacrylic Acid Demand Share, 2019-2026
13. Middle East & Africa ?-Methacrylic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa ?-Methacrylic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa ?-Methacrylic Acid Market Size and Volume Forecast by Application
13.4.1. Ester Synthesis
13.4.2. Coating Field
13.4.3. Adhesive Field
13.4.4. Textile Field
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa ?-Methacrylic Acid Market Size and Volume Forecast by Type
13.7.1. Acetone Cyanohydrin Method
13.7.2. Isobutylene Oxidation Method
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa ?-Methacrylic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global ?-Methacrylic Acid Market: Market Share Analysis
14.2. ?-Methacrylic Acid Distributors and Customers
14.3. ?-Methacrylic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MGC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kuraray
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Basf
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Evonik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Formosa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hefa Chem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiangsu Sanyi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
