Press release
Methacrylic Ester Market Trends, Share, Industry Size, Growth, Opportunities and Forecast 2017-2023
Market HightlightMethacrylic ester monomers are involved in the production of various kind of polymers with the polymerization reaction. Methacrylic ester enhance the flow properties of oil which make it suitable for utilization in the manufacturing of lubricants. It is used as adhesives, oil additives, sizing agent, and binder in numerous end use industries such as pulp & paper, paint & coatings, lubricant, textile, and construction.
Some of the prominent market factors that positively influence the Methacrylic Ester Market growth are increasing demand from construction sector as well as improving automotive industry. Rapid industrialization coupled with increasing disposable income in emerging economies are predicted to drive market growth in the upcoming years. Furthermore, increasing investment in the institutional as well as industrial construction sector is anticipated to give new impetus to the methacrylic ester demand over the forecast period. However, methacrylic ester is relatively slightly toxic which might hinder the market growth in the next few years. Additionally, growth in the digitalization and ease in availability of online material might restrict the use of paper and stationary materials which in turn hamper market growth in near future.
Methacrylic Ester: Rising demand in pulp & paper as well as construction industry will boost the global market growth
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Competitive analysis
The major players operating in the Methacrylic Ester Market include BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik (Germany), U-PICA Company.Ltd. (Japan), Sigma-Aldrich Co. LLC. (U.S.), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Fushun Anxin Chemical Co., Ltd. (China), NOF CORPORATION. (Japan), Michelman, Inc. (U.S), Lucite International (UK), and others
Regional Analysis
Asia Pacific is anticipated to be the largest market for methacrylic ester market followed by North America and Europe on account of increasing demand from lubricant, paint & coatings, and construction. Developing countries such as India, China, and Malaysia are the fastest growing market for methacrylic ester, and is expected to grow with the same pace in the upcoming years. Ease in the availability of raw material, improved standards of living, and competitive production costs are also the important factors further fuel the methacrylic ester market growth in the Asia Pacific region. North America methacrylic ester market is expected to witness a steady growth with Canada and U.S. being major contributor due to textile and pulp & paper industry expansion. Europe is anticipated to witness a substantial growth over the forecast period due to technological advancement and increasing R&D spending by key players in the methacrylic ester market.
North America is predicted to hold the second largest market share followed by Europe and the Middle East. North America is anticipated to witness moderate growth in the utilization of methacrylic ester due to the increasing R&D activities and innovations in textile business. Moreover, consumers are influence towards the products which have “Made in the USA” label in textile goods which is likely to fuel the market growth. U.S. and Canada are among the major contributors in the regional growth and is expected to dominate in region in near future. Other developed and nearly saturated countries such as Germany, Italy, France, and Spain are registering moderate growth owing to increasing output from end use industries. Furthermore, rising number of working professionals coupled with increasing disposable income are boosting consumers to follow latest fashion trends, thus raising the consumption of textile fabrics which in turn drive the methacrylic ester market growth. The major companies operating in the industry are engaged in R&D activities to achieve product innovation and gain a competitive edge.
The Middle East & Africa is anticipated to witness a significant growth due to increasing construction activities specifically in United Arab Emirates (UAE), Qatar, and Saudi Arabia. In Qatar, government implement strategic plan to reduce its carbon footprint and achieving sustainable development which in turn has boost up the local building construction sector and further improve the market growth. Additionally, increase in building construction includes residential, commercial, sports facilities, hotels and recreational facilities, and industrial projects is set to propel the market growth.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Methacrylic Ester Market
5 Industry Overview Of Global Methacrylic Ester Market
Continue…
List of Tables
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Methacrylic Ester Market: By Region, 2016-2023
Table 3 North America Methacrylic Ester Market: By Country, 2016-2023
Table 4 Europe Methacrylic Ester Market: By Country, 2016-2023
Continue………
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