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

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

Methyl acrylate is a clear, colorless, volatile liquid with a slight solubility in water and complete solubility in alcohols, ethers and many organic solvents.

Market Overview:

The latest research study on the global Methyl Acrylate market finds that the global Methyl Acrylate market reached a value of USD 552.93 million in 2022. It’s expected that the market will achieve USD 661.42 million by 2028, exhibiting a CAGR of 3.03% during the forecast period.

Proposal for Methyl Acrylate Players to Combat Covid-19 Impact

This is the key to the survival of manufacturing companies. Manufacturers are seeing disruptions in the supply chain, declining social demand, and future market trends, and will have to adjust their production levels, production models, management models, and operating models accordingly. Due to reduced demand or shortage of raw material supply, many companies have reduced or reduced conventional production operations. Enterprises must make adjustments to survive this sudden time.
In this challenging period, as the social panic and the spread of disease are further strengthened, the company, as a social participant, must take appropriate protective measures to prevent the spread of the epidemic to the company. If the enterprise fails to take appropriate protective measures, it will make the production and operation of the enterprise more difficult. Once the prevention and control measures are relaxed, there are likely to be cases of infection. Therefore, enterprises must do this, monitor them in time, and handle them as soon as they are discovered, so as not to cause large-scale aggregate outbreaks.

Challenges

The limiting factor for methyl acrylate is mainly cost. The recent drastic fluctuations in crude oil prices have had a certain impact on companies. As the impact of the epidemic began to weaken, crude oil prices also began to bottom out. However, the sharp fluctuations in crude oil prices will always be a major challenge to the production cost of methyl acrylate.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are BASF, Dow, Arkema with the revenue market share of 17.12%, 10.23%, 9.70% in 2019.

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow serves customers worldwide.

Segmentation Overview:

Among different product types, Assay: 99-99.7% segment is anticipated to contribute the largest market share in 2028.

Application Overview:

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

Key Companies in the global Methyl Acrylate market covered in Chapter 3:

Dow
Arkema
BASF-YPC
Formosa Plastics
LG Chem
BASF
Zhejiang Satellite Petrochemical
Mitsubishi Chemical
Wanhua
Nippon Shokubai Co., Ltd

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

Assay: 99-99.7%
Assay＞99.7%

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

Coatings
Adhesives & Sealants
Plastic Additives
Textile
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)