United States Methacrylate Monomers Market Size, Share, and COVID-19 Impact Analysis, By Derivative (Methyl Methacrylate, Butyl Methacrylate, Ethyl Methacrylate, 2-Hydroxyethyl Methacrylate, Allyl Methacrylate, Stearyl Methacrylate), By Application (Acrylic Sheets, Moulding, Paints & Coatings, Additives, Others), and United States Methacrylate Monomers Market Insights Forecasts 2023 – 2033

Industry: Specialty & Fine Chemicals

RELEASE DATE Jan 2024
REPORT ID SI3419
PAGES 200
REPORT FORMAT PathSoft

United States Methacrylate Monomers Market Insights Forecasts to 2033           

  • The United States Methacrylate Monomers Market Size was valued at USD 664.34 Million in 2023
  • The Market Size is Growing at a CAGR of 4.45% from 2023 to 2033.
  • The United States Methacrylate Monomers Market Size is Expected to Reach USD 1026.34 Million by 2033.

 

United States Methacrylate Monomers Market

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The United States Methacrylate Monomers Market Size is Expected to Reach USD 1026.34 Million by 2033, at a CAGR of 4.45% during the forecast period 2023 to 2033.

 

Market Overview

Methacrylate monomers play a role in the production of polymers with unique properties such as transparency, impact strength, and weather resistance. Because of these distinguishing features, they are highly versatile and suitable for a wide range of applications, including automotive, construction, and, most notably, medical and dental solutions. Because of their ability to form high-transparency and long-lasting polymers, methacrylate monomers are gaining popularity in the healthcare industry. As such, they are ideal for producing medical devices and dental prosthetics that must be functional as well as visually appealing. The demand for methacrylate monomers is expected to rise in lockstep with the expansion of the healthcare industry in the United States. Furthermore, the United States construction industry contributes to the rising demand for methacrylate monomers. These monomers are widely used in the production of paints, coatings, and adhesives, all of which are necessary components of many construction activities.

 

Report Coverage

This research report categorizes the market for the United States methacrylate monomers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States methacrylate monomers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States methacrylate monomers market.

 

United States Methacrylate Monomers Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 664.34 Million
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:4.45%
2033 Value Projection:USD 1026.34 Million
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered: By Derivative, By Application and COVID-19 Impact Analysis.
Companies Covered: Mitsubishi Chemical Corp., Sumitomo Chemical Co Ltd, BASE SE, Eastman Chemical Company, The Dow Chemical Company, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The methacrylate monomers market in the United States is growing rapidly, primarily due to rising demand from the plastics industry. Methacrylate monomers are widely used in the plastics industry for the production of polymethyl methacrylate (PMMA), a transparent thermoplastic that is frequently chosen as a lightweight or shatter-resistant alternative to traditional glass. Methacrylate monomers are also widely used in the production of plastic sheets, rods, tubes, and films. Methacrylate monomers are essential in the production of polymers with exceptional properties such as transparency, impact strength, and weather resistance. Methacrylate monomers are widely used in the paints and coatings industry due to their exceptional ability to form long-lasting, weather-resistant, high-gloss finishes. As the paints and coatings industry continues to grow and innovate, so does the demand for methacrylate monomers. Rising demand for methacrylate monomers in the paints and coatings industry is a major driver of the US Methacrylate Monomers market. The continued emphasis on research and development, combined with the increasing adoption of innovative coatings, will drive demand for methacrylate monomers even higher, solidifying their market position.

 

Restraining Factors

Methacrylate monomers, which are essential in the production of polymers with exceptional properties such as transparency and impact strength, have numerous applications in a variety of industries. However, the production of methacrylate monomers is heavily dependent on raw material availability and price stability, which poses significant challenges to manufacturers.

 

Market Segment

  • In 2023, the methyl methacrylate segment accounted for the largest revenue share over the forecast period.

Based on derivative, the United States methacrylate monomers market is segmented into methyl methacrylate, butyl methacrylate, ethyl methacrylate, 2-hydroxyethyl methacrylate, allyl methacrylate, stearyl methacrylate. Among these, the methyl methacrylate segment has the largest revenue share over the forecast period. The versatility of MMA is one of the primary reasons for its dominance. MMA, or methyl methacrylate, is a widely used compound that has numerous applications. Its versatility is demonstrated by its widespread use in coatings, adhesives, sealants, and plastic sheets, among other applications. These industries benefit from the superior properties of MMA, such as transparency, weather resistance, and impact strength, making it an excellent choice for a wide range of applications. MMA is in particularly high demand in the medical and dental sectors. MMA is used in orthopedic and dental implants, artificial corneas, and contact lenses in the medical field. Furthermore, the growth of the construction and automotive industries contributes to MMA's dominance. Due to their exceptional durability and resistance to environmental factors, MMA-based polymers are widely used in these industries.

 

  • The paints & coatings segment is witnessing significant CAGR growth over the forecast period.

Based on application, the United States methacrylate monomers market is segmented into acrylic sheets, moulding, paints & coatings, additives, and others. Among these, the paints & coatings segment is witnessing significant CAGR growth over the forecast period. The unique properties of methacrylate monomers are one of the primary reasons for their increasing demand. These monomers have exceptional properties such as durability, weather resistance, and versatility in their application, making them an ideal component in the manufacture of high-quality paints and coatings. These properties not only improve the performance and longevity of paints and coatings but also add to their overall quality. The construction industry, which is expanding rapidly, has been a significant consumer of paints and coatings. The demand for high-quality paints and coatings has increased as the demand for residential and commercial buildings has increased, as has the trend of urbanization. Similarly, the automotive industry has grown significantly as a result of technological advances and rising consumer demand.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States methacrylate monomers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Mitsubishi Chemical Corp.
  • Sumitomo Chemical Co Ltd
  • BASE SE
  • Eastman Chemical Company
  • The Dow Chemical Company
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In December 2022, Dow Chemical's highly skilled team of scientists, in collaboration with leading experts in the field, successfully developed a game-changing methacrylate monomer. This novel monomer not only enables the production of bio-based plastics but also represents a significant advancement in terms of performance and sustainability. These new plastics offer exceptional biodegradability by leveraging the power of renewable resources, making them an extremely eco-friendly and responsible choice. Adopting this technology paves the way for a more sustainable future by reducing our reliance on traditional plastics and reducing our environmental impact.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States Methacrylate Monomers Market based on the below-mentioned segments:

 

United States Methacrylate Monomers Market, By Derivative

  • Methyl Methacrylate
  • Butyl Methacrylate
  • Ethyl Methacrylate
  • 2-Hydroxyethyl Methacrylate
  • Allyl Methacrylate
  • Stearyl Methacrylate

 

United States Methacrylate Monomers Market, By Application

  • Acrylic Sheets
  • Moulding
  • Paints & Coatings
  • Additives
  • Others

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