According to a market report by Lucintel, the future of the global methacrylate monomer market looks promising with opportunities in the automotive, architecture & construction, electronic, advertisement & communication markets. The global methacrylate monomer market is expected to reach an estimated $14.8 billion by 2030 from $10.9 billion in 2024, at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing demand for these monomers from various end use industries, such as construction, automotive, and packaging.
A more than 150-page report to understand trends, opportunity and forecast in methacrylate monomer market to 2030 by derivative (methyl methacrylate, butyl methacrylate, ethyl methacrylate, and others), application (acrylic sheets, molding, paints & coatings, additives, and others), end use (automotive, architecture & construction, electronics, and advertisement & communication), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that molding is expected to witness highest growth over the forecast period due to its significant application in headlights and instrument clusters of cars and trucks.
Within this market, automotive is expected to witness highest growth over the forecast period due to growing utilisation of monomer in car coatings to offer long-lasting protection and a premium finish.
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APAC is expected to witness highest growth over the forecast perioddue to rapidly developing industries such as plastics, coatings and adhesives in the region.
Mitsubishi Chemical, Evonik Industries, The DOW Chemical, Sumitomo Chemical, LG, Arkema, BASF are the major suppliers in the methacrylate monomer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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