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Historical Year
Forecast Year
The global methacrylic acid market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to further grow at a CAGR of 5% in the forecast period of 2024-2032.
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The market for methacrylic acid is expected to be driven by the rising end-user industries, such as automobiles, construction, and electronics. The product is used in the light panels, facades, windows, TV display panels, coatings, and emulsions, among other applications. The market is further expected to witness a boom as a result of the technological advancements in the industry. Also, the extension of applications for methacrylic acid is predicted to support the market growth. Several new launches and product developments are invigorating the market growth further. Manufacturers are creating bio-based solutions for methacrylic acid, thereby enhancing the market expansion.
Region-wise, the Asia Pacific region is a significant market for methacrylic acid. The market is also expected to be one of the fastest-growing regions over the forecast period. The region is followed by Europe, which is expected to witness moderate growth due to economic fluctuations within the region.
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Methacrylic acid (MAA) is an organic compound. It is a colourless, strong liquid, and has an unpleasant odour. It dissolves in warm water and mixes well with most organic solvents.
On the basis of application, the market is divided into:
Based on end use, the market can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market for methacrylic acid is growing due to the rising demand for construction activities. Owing to rising disposable incomes, enhancing living standards, and growing urbanisation, there is a growing demand for construction activities as people invest in improved amenities. In addition to this, thriving MNCs and expanding building structures are boosting the demand for methacrylic acid. Further, the rising demand for electronics, especially from the developing and emerging countries, is one of the major factors influencing the market growth for methacrylic acid. The rising demand for bio-based methacrylic acid is expected to support the market growth in the forecast period, due to the anticipated demand for eco-friendly characteristics.
The report gives a detailed analysis of the following key players in the global methacrylic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising construction activities, and new product launches and developments, are expected to aid the market growth.
The key trends guiding the growth of the market include technological advancements and the growing demand for bio-based methacrylic acid.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the industry are paint, adhesive, fibre processing agent, rubber modifier, leather treatment, paper processing agent, lubricant additive, and cement mixing agent, among others.
The major players in the industry are Evonik Industries A.G., Mitsubishi Gas Chemical Company, Inc, BASF SE, and Kuraray Co., Ltd, among others.
The major end use sector in the market are construction, automobiles, electronics, textiles, and pharmaceutical, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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