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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 (2018-2028); 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 2018-2022. The market is expected to further grow at a CAGR of 5% in the forecast period of 2023-2028.
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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: 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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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 (2018-2022)
8.3 Global Methacrylic Acid Market Forecast (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Adhesive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Fibre Processing Agent
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Rubber Modifier
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Leather Treatment
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Paper Processing Agent
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Lubricant Additive
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Cement Mixing Agent
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2018-2022)
8.5.8.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Automobiles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Electronics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Textile
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Pharmaceutical
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Methacrylic Acid Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Methacrylic Acid Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Methacrylic Acid Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Methacrylic Acid Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Methacrylic Acid Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Methacrylic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
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 2028
2 Global Methacrylic Acid Historical Market: Breakup by Application (USD Million), 2018-2022
3 Global Methacrylic Acid Market Forecast: Breakup by Application (USD Million), 2023-2028
4 Global Methacrylic Acid Historical Market: Breakup by End Use (USD Million), 2018-2022
5 Global Methacrylic Acid Market Forecast: Breakup by End Use (USD Million), 2023-2028
6 Global Methacrylic Acid Historical Market: Breakup by Region (USD Million), 2018-2022
7 Global Methacrylic Acid Market Forecast: Breakup by Region (USD Million), 2023-2028
8 North America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
9 North America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
10 Europe Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
11 Europe Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
12 Asia Pacific Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
13 Asia Pacific Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
14 Latin America Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
15 Latin America Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
16 Middle East and Africa Methacrylic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
17 Middle East and Africa Methacrylic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
18 North America Historical Price Trends and Forecast 2018-2028
19 Europe Historical Price Trends and Forecast 2018-2028
20 Asia Pacific Historical Price Trends and Forecast 2018-2028
21 Latin America Historical Price Trends and Forecast 2018-2028
22 Middle East and Africa Historical Price Trends and Forecast 2018-2028
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 2023-2028, 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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