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Benzyl Methacrylate Market Current Trends And Future Aspect Analysis 2026

11-30-2018 08:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

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Benzyl Methacrylate Market Current Trends And Future Aspect

Global Benzyl Methacrylate Market: Overview

Methacrylate is a salt or ester of methacrylic acid, which functions as a carboxylic acid and is used to produce benzyl methacrylate. Benzyl methacrylate is a colorless transparent liquid with a distinctive odor. It is insoluble in water and possesses the capacity of polymerizing under sunlight and heat. C11H12O2 is the molecular formula of benzyl methacrylate. It is also known as 2-Propenoic acid, 2-methyl-, phenylmethyl ester; methacrylic acid benzyl ester; benzyl 2-methylprop-2-enoate; and phenylmethyl 2-methylprop-2-enoate. These esters are versatile chemicals acting as co-monomers to produce a variety of plastic products. Benzyl methacrylate is used in various applications in acrylic & polyester resins, adhesives & sealants, industrial coatings, inks & toners, and composites.

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Global Benzyl Methacrylate Market: Drivers and Restraints

The global benzyl methacrylate market is primarily driven by the increase in demand for these esters in end-use industries. Polymerized benzyl methacrylate offers excellent characteristics such as high impact resistance, high hardening stability, low viscosity, and high refractive index. Increase in utilization of polymerized benzyl methacrylate in automotive and chemical industries owing to its exceptional properties is anticipated to drive the global benzyl methacrylate market. Benzyl methacrylate adhesives are extensively employed in wood composites and leather industries. It offers hydrophobic, water resistive, and corrosion resistive properties to wood and leather applications. Increase in demand for wood composites and leather garments is projected to boost the demand for benzyl methacrylate. Advancements in chemical properties of benzyl methacrylate in order to make it multifunctional are estimated to offer lucrative opportunities to the benzyl methacrylate market during the forecast period. Research and development activities are being carried out in terms of usage of copolymers of benzyl methacrylate in the manufacture of solid electrolytes for lithium batteries. Increase in adoption of solid electrolytes in the electronics industry is anticipated to drive the demand for benzyl methacrylate. Technological advancements in chemical properties of benzyl methacrylate in order to make it multifunctional are projected to offer lucrative opportunities to the benzyl methacrylate market during the forecast period.

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Global Benzyl Methacrylate Market: Key Players

Key players operating in the global benzyl methacrylate market include Evonik Industries, Geo Specialty Chemicals, KOWA AMERICAN CORPORATION, Kowa India Pvt.Ltd, MITSUBISHI GAS CHEMICAL COMPANY, INC., Polysciences, Inc., and Tokyo Chemical Industry Co., Ltd.

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