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 liquid products segment is expected to account for a larger share in terms of value as compared to the glacial products segment over the forecast period. On the basis of application, special additives are expected to account for a larger share in terms of value as compared to paint industry, rubber industry and other segments over the forecast period. In terms of region, North America is anticipated to hold a dominant position in terms of value throughout the forecast period followed by Europe and Asia Pacific respectively.
Product Definition:
Methacrylic acid is an organic compound that is used in the production of acrylic acid.
Liquid Products:
Liquid products are a group of chemicals used as intermediates or additives in manufacturing methacrylic acid. It is also used as an intermediate for the production of acrylic acid and derivatives. The liquid product market is expected to grow at a significant rate owing to increasing demand from end-use industries such as paints & coatings, adhesives & sealants, plastics, and building materials among others.
Glacial Products:
Glacial products are primarily used in the production of methacrylic acid. It is a colorless, odorless liquid that is insoluble in water and has a pH value of 7.2-7.4 (specifically manufactured for industrial applications).
Application Insights:
The other application segment includes paints and coatings, rubber industry, adhesives and sealants, printing inks and plastics. The product is widely used as a special additive in the paints & coatings industry owing to its properties such as low VOCs content. Special additives are used to enhance performance of methanol-based thinners or solvents for use in paint preparation operations on account of their superior characteristics such as high chemical stability towards oxidation products which results into improvement of film formation process followed by enhancement of film strength.
Special additives are also widely utilized within the automotive & transportation sector owing to its ability to form hard films with excellent clarity which provides protection against corrosion caused by acids or bases present in road marking fluids along with resistance towards heat & UV light during curing processes resulting into improvement of overall coating quality.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 45% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand from various end-use industries, such as paints & coatings, rubber, and other plastics. In addition, growing automotive industry in countries like China and India is anticipated to drive market growth over the next eight years.
The Asia Pacific was followed by Europe with a volume share of 24.1% in 2017 on account of high consumption from several end-use industries coupled with presence of key manufacturers such as BASF SE; Evonik Industries AG; and Italfarmaco SPA that have a strong distribution channel across this region. However, Europe may not witness much growth compared to Asia Pacific due its lower adoption rate for new technologies especially when it comes about Methacrylic Acid (MAA) which has low odor & color similar properties compared Methyl Methacrylate (MMT).
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and plastics is expected to drive the growth of the methacrylic acid market during the forecast period.
- Rising demand for acrylic acid in Asia Pacific is another major factor that is expected to fuel the growth of this market in the near future.
- Growing use of methacrylic acid in water treatment applications is also anticipated to boost its demand over the next few years.
- Stringent environmental regulations regarding VOC emissions are projected to create opportunities for methacrylic acid manufacturers in North America and Europe during the forecast period. 5) The increasing use of acrylic esters as solvents, modifiers, and surfactants across various industries is likely to propel the growth of this market over
Scope Of The Report
Report Attributes
Report Details
Report Title
Methacrylic Acid Market Research Report
By Type
Liquid Products, Glacial Products
By Application
Special Additives, Paint Industry, Rubber Industry, Other
By Companies
Dow, Basf, Evonik, MRC, Formosa, LOTTE MRC, Kuraray, LG Chem, MGC, Daesan MMA Corp., Evonik, SATLPEC, Sanyi Tech, Hefa Ind, Dongue
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
230
Number of Tables & Figures
161
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
Liquid Products, Glacial Products
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
Special Additives, Paint Industry, Rubber Industry, Other
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:
- Dow
- Basf
- Evonik
- MRC
- Formosa
- LOTTE MRC
- Kuraray
- LG Chem
- MGC
- Daesan MMA Corp.
- Evonik
- SATLPEC
- Sanyi Tech
- Hefa Ind
- Dongue
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:
- Liquid Products
- Glacial Products
- By Application:
- Special Additives
- Paint Industry
- Rubber Industry
- Other
- 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 white, water-soluble solid that is used in the production of plastics and other materials. It is also used as a food additive and as an industrial chemical.
Some of the key players operating in the methacrylic acid market are Dow, Basf, Evonik, MRC, Formosa, LOTTE MRC, Kuraray, LG Chem, MGC, Daesan MMA Corp., Evonik, SATLPEC, Sanyi Tech, Hefa Ind, Dongue.
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. Liquid Products
5.3.2. Glacial Products
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. Special Additives
6.3.2. Paint Industry
6.3.3. Rubber Industry
6.3.4. Other
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. Special Additives
9.4.2. Paint Industry
9.4.3. Rubber Industry
9.4.4. Other
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. Liquid Products
9.7.2. Glacial Products
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. Special Additives
10.4.2. Paint Industry
10.4.3. Rubber Industry
10.4.4. Other
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. Liquid Products
10.7.2. Glacial Products
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. Special Additives
11.4.2. Paint Industry
11.4.3. Rubber Industry
11.4.4. Other
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. Liquid Products
11.7.2. Glacial Products
11.8. Basis Point 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. Special Additives
12.4.2. Paint Industry
12.4.3. Rubber Industry
12.4.4. Other
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. Liquid Products
12.7.2. Glacial Products
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. Special Additives
13.4.2. Paint Industry
13.4.3. Rubber Industry
13.4.4. Other
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. Liquid Products
13.7.2. Glacial Products
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. Dow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Basf
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Evonik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MRC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Formosa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LOTTE MRC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kuraray
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG Chem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MGC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daesan MMA Corp.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Evonik
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SATLPEC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sanyi Tech
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hefa Ind
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dongue
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