Global Methyl Acrylate Market to be Driven by the Growing Demand from the Asia Pacific Region in the Forecast Period of 2020-2025

Chemicals and Material

The new report by Expert Market Research titled, ‘Global Methyl Acrylate Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global methyl acrylate market, assessing the market based on its segments like applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/methyl-acrylate-market/requestsample

The key highlights of the report include:

Market Overview (2015-2025)

• Forecast CAGR (2020-2025): 4%
• Forecast Market Size (2025): USD 456 million

Several factors, including growing populations, rising disposable incomes, increasing urbanisation, and higher living standards, are leading to an increase in the market growth for methyl acetate in the Asia Pacific region, especially in developing countries such as India and China. Methyl acetate finds applications in several end use segments such as furnitureautomobile, metal, and paints and coatings, among others, that are witnessing rapid growth in these countries. This is expected to lead to higher consumption of methyl acrylate in the region during the forecast period.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/methyl-acrylate-market

Industry Definition and Major Segments

Methyl acrylate is a colourless liquid that is slightly soluble in water. It is volatile in nature and freely soluble in organic solvents such as alcohols and ethers. Methyl acrylate is most commonly produced on an industrial scale via the esterification reaction of methanol in the presence of acidic catalysts, such as sulphuric acid or acidic ion exchangers.

By application, the market is divided into:

• Surface Coatings
• Chemical Synthesis
• Adhesives and Sealants
• Plastic Additives
• Detergents
• Textiles
• Others

On the basis of end use, the industry can be segmented into:

• Automobile
• Packaging
• Building and Construction
• Personal Care and Cosmetic
• Others

The global market can be classified based on region as:

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

Market Trends

Methyl acrylate is used as an ingredient in the formulation of coatings and finishes in the leather and tanning industry, hence, the accelerating growth of these industries is expected to drive the demand for the industry. The market is expected to be propelled by the use of methyl acrylate in water treatment processes due to the increasingly stringent pollution standards and growing environmental consciousness. Major investments by key players in recent times in the acrylics value chain are expected to increase production capacities. This is seen as a key indicator of the market growth.

Key Market Players

The major players in the market are Arkema SA (EPA: AKE), LG Chem Ltd. (KRX: 051910), BASF SE (ETR: BAS), Shanghai Huayi Acrylic Acid Co., Ltd., Nippon Shokubai Co., Ltd. (TYO: 4114), and SIBUR International GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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