What is Acrylic Monomer Market?
Acrylic monomers are the salts which comes from the acrylic acids. The properties of it varies greatly, for instance, some of them can form hydrophobic polymers which repel water and others hydrophilic which mix well with water. Also, some acrylic monomers are flexible, sticky and others are stiff, smooth. In addition to this, they are highly reactive, are toxic and have strong odours. For instance, the acrylic monomer acrylonitrile, is a volatile, poisonous substance that smells like onions. Moreover, there are different types of acrylic monomers such as Acrylate, Methacrylate and others.
The market study is being classified by Type (Butyl Acrylate, Ethyl Acrylate, Ethylhexyl Acrylate and Methyl Acrylate), by Application (Paints and Coatings, Plastics, Adhesives, Printing Inks and Other) and major geographies with country level break-up.
BASF SE (Germany), The Dow Chemical Company (United States), Mitsubishi Chemical Holdings Corporation (Japan), Hitachi Chemical Co (Japan), New Japan Chemical Co., Ltd (Japan), LG Chem (South Korea), Kuraray Co. Ltd. (Japan), Rohm and haas (United States), Formosa Plastics Corporation. (Taiwan) and Saudi Acrylic Monomer Company Limited (Saudi Arabia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Methacrylate Producers Association (United States) and Petrochem Middle East India Private Limited (India).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Acrylic Monomer market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Acrylic Monomer market by Type, Application and Region.
On the basis of geography, the market of Acrylic Monomer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for High Formulation Paints
- Growing Infrastructure and Improved Standard of Living
- Increasing Usage of Acrylic Monomers for Plastics as they Become Tough and Highly Transparent
- Stringent Government Regulations
- Increasing Investments in Construction Activities
- Growing Demand for Polyethylene in China
- Concerns Related to the Toxicity of Acrylate Monomers
In February 2019, BASF has launched Vinyl Monomer for UV Curing Products in Printing, Coatings Industries. It has technical benefits compared to conventional reactive diluents and allows innovative coatings formulations technical benefits compared to conventional reactive diluents and allows innovative coatings formulations.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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