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Global Methacrylic Acid Market Report and Forecast 2023-2028

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    Report

  • 178 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5889024
According to the report the global methacrylic acid market is projected to grow at a CAGR of 5% between 2023 and 2028. Aided by the burgeoning needs for specialised polymers and the widening applications of methacrylic acid in multiple sectors, the market is expected to grow significantly by 2028.

Methacrylic acid, a versatile organic compound, is a crucial ingredient in the production of polymethyl methacrylate (PMMA) resins. These resins are extensively incorporated into applications ranging from automotive parts to display screens due to their optical clarity and resilience to outdoor weather conditions. Additionally, methacrylic acid finds its presence in sectors due to its capacity to co-polymerise with other monomers, facilitating a spectrum of product attributes that cater to diverse industry needs.

The spike in the global methacrylic acid market demand is anchored to the soaring demands for durable and high-performance plastics. As industries evolve and consumer demands shift towards lightweight yet robust materials, methacrylic acid-based products such as PMMA have found a remarkable niche, especially in automotive, construction, and electronics sectors. The rising aesthetic appeal of transparent plastics in architecture and interior design also acts as a catalyst for the escalating demand for methacrylic acid.

As per the methacrylic acid market analysis, methacrylic acid's role is expanding into innovative verticals. In the medical industry, methacrylic acid-derived products are making headway as dental and orthopaedic prosthetics, underlining their biocompatibility and strength.

The cosmetic world, on the other hand, is exploiting methacrylic acid's prowess to formulate high-quality nail paints that promise longevity and shine. Furthermore, the adhesive potential of this compound makes it a staple in creating powerful industrial adhesives and further increase value of the methacrylic acid market size.

A parallel trend giving impetus to the market is the surge in sustainable practices and green chemistry. As industries focus on reducing their carbon footprint and fostering environmentally friendly methods, methacrylic acid is eyed for its potential in producing bioplastics. Researchers are delving into feasible ways to synthesise methacrylic acid using renewable resources, promising a shift away from petrochemical sources which further propels the methacrylic acid market growth. This approach not only endorses the sustainability ethos but also potentially mitigates price volatility due to oil market fluctuations.

Market Segmentation

The market can be divided based on application, end use, and region.

Market Segmentation

  • Paint
  • Adhesive
  • Fibre Processing Agent
  • Rubber Modifier
  • Leather Treatment
  • Paper Processing Agent
  • Lubricant Additive
  • Cement Mixing Agent
  • Others

Market Segmentation

  • Construction
  • Automobiles
  • Electronics
  • Textile
  • Pharmaceutical
  • Others

Market Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global methacrylic acid market. Some of the major players explored in the report are as follows:
  • Evonik Industries A.G.
  • Mitsubishi Gas Chemical Company, Inc
  • BASF SE
  • Kuraray Co., Ltd
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Methacrylic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Methacrylic Acid Historical Market (2018-2022)
8.3 Global Methacrylic Acid Market Forecast (2023-2028)
8.4 Global Methacrylic Acid Market by Derivative
8.5 Global Methacrylic Acid Market by Application
8.5.1 Paint
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Adhesive
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Fibre Processing Agent
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Rubber Modifier
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Leather Treatment
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Paper Processing Agent
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Lubricant Additive
8.5.7.1 Historical Trend (2018-2022)
8.5.7.2 Forecast Trend (2023-2028)
8.5.8 Cement Mixing Agent
8.5.8.1 Historical Trend (2018-2022)
8.5.8.2 Forecast Trend (2023-2028)
8.5.9 Others
8.6 Global Methacrylic Acid Market by End Use
8.6.1 Construction
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Automobiles
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Electronics
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Textile
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Pharmaceutical
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Methacrylic Acid Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Methacrylic Acid Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Methacrylic Acid Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Methacrylic Acid Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Methacrylic Acid Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Methacrylic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Evonik Industries A.G.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Mitsubishi Gas Chemical Company, Inc
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 BASF SE
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Kuraray Co., Ltd
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1 Global Methacrylic Acid Market: Key Industry Highlights, 2018 and 2028
2 Global Methacrylic Acid Historical Market: Breakup by Application (USD Million), 2018-2022
3 Global Methacrylic Acid Market Forecast: Breakup by Application (USD Million), 2023-2028
4 Global Methacrylic Acid Historical Market: Breakup by End Use (USD Million), 2018-2022
5 Global Methacrylic Acid Market Forecast: Breakup by End Use (USD Million), 2023-2028
6 Global Methacrylic Acid Historical Market: Breakup by Region (USD Million), 2018-2022
7 Global Methacrylic Acid Market Forecast: Breakup by Region (USD Million), 2023-2028
8 North America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
9 North America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
10 Europe Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
11 Europe Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
12 Asia Pacific Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
13 Asia Pacific Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
14 Latin America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
15 Latin America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
16 Middle East and Africa Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
17 Middle East and Africa Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
18 North America Historical Price Trends and Forecast 2018-2028
19 Europe Historical Price Trends and Forecast 2018-2028
20 Asia Pacific Historical Price Trends and Forecast 2018-2028
21 Latin America Historical Price Trends and Forecast 2018-2028
22 Middle East and Africa Historical Price Trends and Forecast 2018-2028
23 Global Methacrylic Acid Market Structure

Companies Mentioned

  • Evonik Industries A.G.
  • Mitsubishi Gas Chemical Company Inc
  • BASF SE
  • Kuraray Co. Ltd

Methodology

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Table Information