Global Methacrylic Esters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Methacrylic Esters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Methyl methacrylate (MMA) is an organic compound with the formula CH2=C(CH3)COOCH3. This colorless liquid, the methyl ester of methacrylic acid (MAA), is a monomer produced on a large scale for the production of poly(methyl methacrylate) (PMMA).

Market Overview:

The latest research study on the global Methacrylic Esters market finds that the global Methacrylic Esters market reached a value of USD 11037.36 million in 2022. It’s expected that the market will achieve USD 14726.0 million by 2028, exhibiting a CAGR of 4.92% during the forecast period.

Impact of COVID-19

Coronavirus disease 2019 (COVID-19) is an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The disease was first detected in Wuhan, the capital of Hubei Province, China in 2019, and has since spread globally, leading to a coronavirus pandemic in 2019-20.
At present, the epidemic situation in Europe and America is severe, and the regional economy is affected. The governments of Spain, Italy and other countries have announced that they will block their country. People are restricted at home, cannot move freely, cannot study and work normally. Downstream application companies of methacrylates are affected or even shut down, so the market for methacrylates will also be restricted.

Increased utilization of polymerized methacrylates in the electronics industry

Methacrylic esters are mainly used as sheets in mobile phone screens, LCD screens and displays due to their bending strength and scratch resistance. The increase in the utilization rate of methacrylic esters in the electronics industry in the future will greatly drive the development of the methacrylic esters market.

Growth of the recycled paper market

Due to the increasing awareness of environmental protection in various countries and the government's active promotion of environmental protection, the recycled paper market will continue to expand in the future. methacrylic esters has important applications in the paper and pulp industry. The growing demand for methacrylic esters in the recycled paper market is bound to promote the development of the methacrylicesters industry market.

Huge investments by developed and developing countries in infrastructure

Methacrylic Esters has important applications in the construction industry and can be used as adhesives. The construction industry has a large and growing demand for methacrylic esters. With the increase of investment in infrastructure construction in developed countries and developing countries,methacrylic esters The demand will also increase, which will greatly promote the development of the methacrylic esters market.

Region Overview:

Geographically, China held the largest market share – 22.41% in 2022.

Company Overview:

Mitsubishi Chemical is one of the major players operating in the Methacrylic Esters market, holding a share of 23.66% in 2023.

Mitsubishi Chemical

Mitsubishi Chemical Corporation (MCC) is the world’s largest manufacturer of methacrylate monomers and is continuing to invest to improve the supply of these products for our customers. Methacrylates are a core product line with the MCC portfolio which means that investment in both new and existing assets continues apace.

Evonik

Evonik Industries AG is a stock-listed German speciality chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second largest chemicals company in Germany, and one of the largest speciality chemicals companies in the world.

Segmentation Overview:

As for product types, the Glycidil Methacrylate segment held the largest market share in 2022.

Application Overview:

By application, the Paint & Coatings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Methacrylic Esters market covered in Chapter 3:

Evonik
BASF
Fushun Anxin Chemical
Dow
Formosa Plastics
Arkema
LG Chem
Lucite
Sumitomo Chemical
Mitsubishi Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Methacrylic Esters market from 2018 to 2029 is primarily split into:

Glycidil Methacrylate
Ethyl Methacrylate
n-butyl Methacrylate
i-butyl Methacrylate
2-ethylhexyl Methacrylate
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Methacrylic Esters market from 2018 to 2029 covers:

Pulp & Paper
Lubricant
Paint & Coatings
Textile
Construction
Automotive
Electronics
Health Care
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)