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Methacrylic Acid Market

Global Methacrylic Acid Market Size, Growth, Forecast: By Application: Paint, Adhesive, Fibre Processing Agent, Rubber Modifier, Leather Treatment, Paper Processing Agent, Lubricant Additive, Cement Mixing Agent; By End Use: Construction, Automobiles, Electronics, Textile, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Methacrylic Acid Market Outlook

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.

 

Global Methacrylic Acid Market Report

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Growing End-User Industries are Expected to Drive the Methacrylic Acid Market Growth

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.

 

Global Methacrylic Acid Market by Application

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Methacrylic Acid: Market Segmentation

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:

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

Based on end use, the market can be segmented into:

  • Construction
  • Automobiles
  • Electronics
  • Textile
  • Pharmaceutical

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Methacrylic Acid Market by Region

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The Rising Demand for Construction Activities to Aid the Market Growth of Methacrylic Acid

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.

 

Key Industry Players in the Global Methacrylic Acid Market

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:

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

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.

 

Key Highlights of the Report

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:

  • Application
  • End Use
  • Region
Breakup by Application
  • Paint
  • Adhesive
  • Fibre Processing Agent
  • Rubber Modifier
  • Leather Treatment
  • Paper Processing Agent
  • Lubricant Additive
  • Cement Mixing Agent
  • Others
Breakup by End Use
  • Construction
  • Automobiles
  • Electronics
  • Textile
  • Pharmaceutical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Evonik Industries A.G.
  • Mitsubishi Gas Chemical Company, Inc
  • BASF SE
  • Kuraray Co., Ltd
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    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 (2018-2023) 
    8.3    Global Methacrylic Acid Market Forecast (2024-2032)
    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 (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Adhesive
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Fibre Processing Agent
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Rubber Modifier
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Leather Treatment
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Paper Processing Agent
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Lubricant Additive
            8.5.7.1    Historical Trend (2018-2023)
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Cement Mixing Agent
            8.5.8.1    Historical Trend (2018-2023)
            8.5.8.2    Forecast Trend (2024-2032)
        8.5.9    Others
    8.6    Global Methacrylic Acid Market by End Use
        8.6.1    Construction
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Automobiles
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Electronics
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Textile
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Pharmaceutical
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Methacrylic Acid Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America  Methacrylic Acid Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Methacrylic Acid Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Methacrylic Acid Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Methacrylic Acid Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East  and Africa Methacrylic Acid Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 (2018-2023) & Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
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


Additional Customisations Available

1    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment


List of Key Figures and Tables

1    Global Methacrylic Acid Market: Key Industry Highlights, 2018 and 2032
2    Global Methacrylic Acid Historical Market: Breakup by Application (USD Million), 2018-2023
3    Global Methacrylic Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
4    Global Methacrylic Acid Historical Market: Breakup by End Use (USD Million), 2018-2023
5    Global Methacrylic Acid Market Forecast: Breakup by End Use (USD Million), 2024-2032
6    Global Methacrylic Acid Historical Market: Breakup by Region (USD Million), 2018-2023
7    Global Methacrylic Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
8    North America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9    North America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10    Europe Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11    Europe Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12    Asia Pacific Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13    Asia Pacific Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14    Latin America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15    Latin America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16    Middle East and Africa Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
17    Middle East and Africa Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
18    North America Historical Price Trends and Forecast 2018-2032
19    Europe Historical Price Trends and Forecast 2018-2032
20    Asia Pacific Historical Price Trends and Forecast 2018-2032
21    Latin America Historical Price Trends and Forecast 2018-2032
22    Middle East and Africa Historical Price Trends and Forecast 2018-2032
23    Global Methacrylic Acid Market Structure

Key Questions Answered in the Report

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.

Analyst Review

Aided by the technological advancements, the global methacrylic acid market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry Based on application, the market is segmented into paint, adhesive, fibre processing agent, rubber modifier, leather treatment, paper processing agent, lubricant additive, and cement mixing agent, among others. By end-use, the market can be divided into construction, automobiles, electronics, textiles, and pharmaceutical, among others.The major regional markets for methacrylic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Evonik Industries A.G., Mitsubishi Gas Chemical Company, Inc, BASF SE, and Kuraray Co., Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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