Transparency Market Research in its new report titled, “Methacrylic Ester Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the methacrylic ester market. The TMR report anticipates that the rise in the demand from numerous end-use industries will drive the methacrylic ester market during the forecast period i.e, 2018-2026. Polymerized methacrylic ester provides excellent tensile strength, flexural strength, transparency, UV tolerance, and scratch resistance characteristics. Increase in utilization of polymerized methacrylic esters in the electronics industry owing to their exceptional properties is anticipated to drive the global methacrylic ester market, says the report.

Methacrylic esters exhibit low VOCs in their formulations. Methacrylic esters are commonly used in paints & coatings in the automobile industry, as they help lower VOC emissions. Encouragement of regulatory bodies to reduce VOC emissions in vehicles and rise in utilization of methacrylic esters in the automobile industry are projected to boost the demand for methacrylic esters in the near future. Advancements in material and chemical properties of methacrylic ester in order to make it multifunctional is expected to offer lucrative opportunities to the methacrylic ester market during the forecast period.

In terms of type, the Methacrylic Ester Market can be segmented into methyl methacrylate, ethyl methacrylate, n-butyl methacrylate, i-butyl methacrylate, and 2-ethylhexyl methacrylate. The methyl methacrylate segment held key share of the global methacrylic ester market in 2017. Methyl methacrylate is primarily used as sheets in mobile phone screens, LCD screens, and monitors due to its flexural strength and scratch resistance properties. Based on application, the methacrylic ester market can be divided into adhesive agent, binders & plasticizers, lubricant additive, chemical processing agent, and others. The binders & plasticizers segment held significant share of the global methacrylic ester market in 2017. Binders and plasticizers enhance the durability and chemical resistivity of end products. This is estimated to boost the demand for methacrylic ester during the forecast period.

On the basis of end-use industry, the methacrylic ester market can be segregated into automotive, building & construction, electronics, health care, paper & pulp, textile, and others. Electronics and automotive segments accounted for major share of the global methacrylic ester market in 2017. Methacrylic ester is primarily employed in the manufacture of lighting equipment, LED & LCD monitors, mobile phones, and adhesives & protective surface coatings in vehicles. From a regional perspective, the methacrylic ester market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific constitutes substantial share of the global methacrylic ester market due to the easy availability of raw materials at competitive prices in the region. Growth in end-use industries such as paints & coatings, pulp & paper, building & construction, and textile in China and India is projected to propel the demand for methacrylic esters in the near future. North America and Europe are prominent consumers of methacrylic esters.
Major players operating in the global methacrylic ester market are profiled in this report to give a better competitive analysis and these include Arkema Inc., Asahi Kasei Corporation, BASF SE, CYRO Industries, Evonik Industries AG, Lucite International, Merck KGaA, MITSUBISHI GAS CHEMICAL COMPANY, INC., The Dow Chemical Company, and U-PICA Company Ltd.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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