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Global Methacrylic Acid Market: By Application: Paint, Adhesive, Fibre Processing Agent, Rubber Modifier, Leather Treatment, Paper Processing Agent, Lubricant Additive, Cement Mixing Agent; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Methacrylic Acid Market Outlook
The global methacrylic acid market witnessed a healthy growth in the historical period of 2016-2020. The market is expected to further grow at a CAGR of 5% in the forecast period of 2021-2026.
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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.
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Methacrylic Acid: Industry Definition and 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.
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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 industry based on the Porter's five forces model along with giving a SWOT analysis.
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 Industry Opportunities and Challenges
8 Global Methacrylic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Methacrylic Acid Historical Market (2016-2020)
8.3 Global Methacrylic Acid Market Forecast (2021-2026)
8.4 Global Methacrylic Acid Market by Derivative
8.5 Global Methacrylic Acid Market by Application
8.5.1 Paint
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Adhesive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Fibre Processing Agent
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Rubber Modifier
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Leather Treatment
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Paper Processing Agent
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2016-2020)
8.5.6.3 Forecast Trend (2021-2026)
8.5.7 Lubricant Additive
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2016-2020)
8.5.7.3 Forecast Trend (2021-2026)
8.5.8 Cement Mixing Agent
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2016-2020)
8.5.8.3 Forecast Trend (2021-2026)
8.5.9 Others
8.6 Global Methacrylic Acid Market by End Use
8.6.1 Construction
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Automobiles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Electronics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Textile
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Pharmaceutical
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2016-2020)
8.6.5.3 Forecast Trend (2021-2026)
8.6.6 Others
8.7 Global Methacrylic Acid Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Evonik Industries A.G.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Mitsubishi Gas Chemical Company, Inc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 BASF SE
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Kuraray Co., Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Industry Events and Developments
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 Figures and Tables
1 Global Methacrylic Acid Market: Key Industry Highlights, 2016 and 2026
2 Global Methacrylic Acid Historical Market: Breakup by Application (USD Million), 2016-2020
3 Global Methacrylic Acid Market Forecast: Breakup by Application (USD Million), 2021-2026
4 Global Methacrylic Acid Historical Market: Breakup by End Use (USD Million), 2016-2020
5 Global Methacrylic Acid Market Forecast: Breakup by End Use (USD Million), 2021-2026
6 Global Methacrylic Acid Historical Market: Breakup by Region (USD Million), 2016-2020
7 Global Methacrylic Acid Market Forecast: Breakup by Region (USD Million), 2021-2026
8 North America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
9 North America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
10 Europe Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
11 Europe Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
12 Asia Pacific Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
13 Asia Pacific Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
14 Latin America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
15 Latin America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
16 Middle East and Africa Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
17 Middle East and Africa Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
18 North America Historical Price Trends and Forecast 2016-2026
19 Europe Historical Price Trends and Forecast 2016-2026
20 Asia Pacific Historical Price Trends and Forecast 2016-2026
21 Latin America Historical Price Trends and Forecast 2016-2026
22 Middle East and Africa Historical Price Trends and Forecast 2016-2026
23 Global Methacrylic Acid Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
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 2021-2026, 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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