Methyl Acrylate Market Development, Key Opportunity and Analysis of Leading Players to 2029

Methyl Acrylate Market: Introduction–

Methyl acrylate (C4H6O2) is a colourless volatile liquid having a slight solubility in the water while, methyl acrylate completely gets soluble into ethers, alcohols and other organic solvents. Methyl acrylate is produced by reacting acrylic acid with methanol in a reactor at elevated temperature, which gives methyl acrylate along with water as a by-product. Methyl acrylate is used in the formation of photopolymer and copolymer to serve various industrial application such as cleaning and waxing products, synthetic rubbers and latexes etc. Methyl acrylate undergoes an addition reaction with a wide variety of organic and inorganic compounds as well. Methyl acrylate also acts as a reagent in the synthesis of several pharmaceuticals intermediates.

Methyl Acrylate Market: Dynamics-

Food packaging and plastic industry, are the influencing factors for the high usage of methyl acrylate where it offers a significant advantage as an additive, which in turn, the demand for Methyl Acrylate is rising significantly. Moreover, surface coating segment is also considered as the key factor in augmenting the demand of methyl acrylate as methyl acrylate is widely used in water-based coatings such as lacquers and paints to provide low-temperature flexibility, UV and water resistance. In addition to, leather and textile industry also incorporate methyl acrylate during the formulation of coatings to provide a smooth finish to their final products. Increasingly growing demand for methyl acrylate in emerging market such as technical, and construction adhesives is also boosting the market growth of methyl acrylate as it is used in their manufacturing process, to provide cure too hard and brittle films. Moreover, increasing demand for water treatment from chemical industries to maintain the sustainability is also propelling the demand for methyl acrylate from the chemical industry as it is used to produce (dimethylaminoethylacrylate) DMAEA- a flocculent in water treatment

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However, strict regulatory by the government on the manufacturing industries of methyl acrylate due to the release of harmful gases into the atmosphere during production become hazardous for the human being. Moreover, fluctuation in the price of raw material and consistent challenges in the supply and demand side may act as a restraining factor in the market growth of methyl acrylate

Methyl Acrylate Market: Segments-

The Market of Methyl Acrylate can be segmented into two factors based on its purity grade and its application

Methyl Acrylate Market can be segmented based on its purity grade

≥99%

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