APAC Methyl Acrylate Market - Industry Trends and Forecast to 2030

APAC Methyl Acrylate Market - Industry Trends and Forecast to 2030

Asia-Pacific Methyl Acrylate Market, By Type (Industrial and Pharmaceutical), Purity Grade (Less Than Or Equal To 99% and Greater Than 99%), Application (Surface Coatings, Chemical Synthesis, Adhesives and Sealants, Plastic Additives, Detergents, Textiles, and Others), End User (Paint & Coating, Automobile, Packaging, Construction, Cosmetics, and Others), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2030

Market Definition

Methyl acrylate is an organic compound with the chemical formula CH2=CHCOOCH3. It is an ester of acrylic acid and methanol and is also known as methyl propionate. It is a colorless liquid with a strong pungent odor that is highly flammable. It is soluble in most organic solvents, including water.

Methyl acrylate is mainly used as a building block in the production of various chemicals such as polymers, coatings, adhesives, and textiles. It is used in the production of poly (methyl acrylate) and poly (methyl methacrylate), which are widely used in the production of paint, adhesives, and coatings. It is also used as a cross-linker for various polymers.

Methyl acrylate is a reactive monomer often used in the preparation of copolymers. It is often copolymerized with other monomers, such as ethyl acrylate, butyl acrylate, or styrene, to improve the properties of the resulting polymer, such as strength and adhesion.

Market Segmentation

The Asia-Pacific methyl acrylate market is segmented into four notable segments based on type, purity grade, application, and end user.
• On the basis of type, the market is segmented into industrial and pharmaceutical
• On the basis of purity grade, the market is segmented into less than or equal to 99% and greater than 99%
• On the basis of application, the market is segmented into surface coatings, chemical synthesis, adhesives and sealants, plastic additives, detergents, textiles, and others
• On the basis of end user, the market is segmented into paint and coating, automobile, packaging, construction, cosmetics, and others

Market Players

Some of the major market players operating in the Asia-Pacific methyl acrylate market are:
• Mitsubishi Chemical Group
• NIPPON SHOKUBAI CO., LTD.
• LG Chem
• Dow
• BASF SE
• Arkema
• DuPont
• EVONIK
• Merck KGaA
• Solventis
• Shanghai Huayi Acrylic Acid Co., Ltd.
• SIBUR INTERNATIONAL
• Nouryon
• Jurong Group Su
• SHANGDONG KAITAI PETROCHEMICAL Co., LTD.

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