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Add to CartGlobal Methyl Acrylate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Fiber, Coatings, Adhesives, Sealants and Detergents.By Purity Grade;
Less Than Or Equal To 99% and Greater Than 99%.By Application;
Surface Coatings, Adhesives & Sealants, Textiles, Plastic Additives and Chemical Synthesis.By End-User;
Automobile, Construction and Packaging & Cosmetics Industry.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Methyl Acrylate Market (USD Million), 2021 - 2031
In the year 2024, the Global Methyl Acrylate Market was valued at USD 423.95 million. The size of this market is expected to increase to USD 561.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.
The global methyl acrylate market is experiencing significant growth, driven by its diverse applications and increasing demand across various industries. Methyl acrylate, a colorless liquid with a pungent odor, is a crucial chemical compound used as a monomer in the production of polymers. Its ability to copolymerize with other monomers makes it highly valuable in manufacturing a wide range of products, including coatings, adhesives, textiles, and plastics. The versatility of methyl acrylate stems from its chemical properties, which allow it to enhance the performance characteristics of end products, such as improved flexibility, durability, and resistance to environmental factors.
One of the primary factors contributing to the expansion of the methyl acrylate market is the robust growth in the paints and coatings industry. As urbanization and infrastructural development continue to rise globally, the demand for high-performance coatings that protect and extend the life of buildings and infrastructure is increasing. Methyl acrylate-based coatings are highly sought after due to their excellent adhesion, weather resistance, and protective qualities. Moreover, the automotive sector's steady growth is also a significant driver, as methyl acrylate is used in coatings and adhesives for vehicle manufacturing, ensuring durability and aesthetic appeal.
The construction and automotive industries, the textile and packaging sectors are substantial consumers of methyl acrylate. The textile industry benefits from its use in fabric treatments that enhance properties such as stain resistance and softness. Meanwhile, in packaging, methyl acrylate is a key component in the production of flexible packaging materials, which are essential for preserving the quality and extending the shelf life of products. The shift towards more sustainable and efficient packaging solutions further propels the demand for methyl acrylate.
Environmental regulations and sustainability trends also play a pivotal role in shaping the methyl acrylate market. With increasing awareness of environmental issues, there is a growing preference for eco-friendly products and processes. Manufacturers are investing in research and development to create bio-based methyl acrylate and explore innovative applications that minimize environmental impact. This trend is expected to open new avenues for market growth as consumers and industries alike prioritize sustainability.
The Asia-Pacific region dominates the methyl acrylate market, driven by rapid industrialization, a burgeoning middle class, and expanding construction activities. Countries like China and India are major contributors to the market's growth due to their large-scale manufacturing capabilities and rising domestic demand. North America and Europe also represent significant markets, with steady growth supported by technological advancements and the presence of established chemical and manufacturing industries.
In conclusion, the global methyl acrylate market is poised for substantial growth, supported by its wide range of applications and the increasing demand from various end-user industries. The market's expansion is further bolstered by trends towards sustainability and technological innovations aimed at enhancing product performance and environmental friendliness. As industries continue to evolve and adapt to changing consumer preferences and regulatory landscapes, the methyl acrylate market is set to remain a vital component of the global chemical industry.
Global Methyl Acrylate Market Recent Developments
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In June 2020, Merck KGaA achieved a significant milestone with the approval of BAVENCIO, a PD,L1 targeted NK,cell therapy specifically designed for patients with locally advanced or metastatic urothelial carcinoma. This innovative treatment option not only strengthens Merck KGaA’s commitment to advancing cancer care but also expands its product portfolio, providing clinicians with more effective tools to combat this challenging form of cancer and improve patient outcomes.
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In November 2022, Arkema S.A. launched a range of bio,attributed acrylic monomers using the mass balance approach. It is an important step on the sustainable development roadmap of the company and its coating solutions segment.
Segment Analysis
The global methyl acrylate market is segmented by its various applications, including coatings, adhesives, textiles, plastics, and others. Coatings dominate the market due to the growing demand for durable and high-performance coatings in automotive, construction, and industrial sectors. Methyl acrylate's excellent adhesive properties make it a key component in adhesive formulations, particularly in the packaging and construction industries. The textile industry also utilizes methyl acrylate in fabric finishes, improving durability and aesthetic appeal. In the plastics sector, methyl acrylate is employed to enhance the flexibility and resilience of polymer materials, which are essential for various consumer and industrial applications.
The end-user industry segmentation includes automotive, construction, packaging, textiles, and others. The automotive industry represents a significant share of the methyl acrylate market due to its use in high-performance coatings and adhesives that contribute to vehicle durability and aesthetics. The construction industry also holds a substantial market share, driven by the need for robust adhesives and sealants in building and infrastructure projects. The packaging industry benefits from methyl acrylate’s application in flexible packaging materials, which are increasingly in demand for food and consumer goods. The textile industry's use of methyl acrylate in fabric treatments supports its market growth, as the demand for durable and high-quality textiles rises.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific leads the market due to the rapid industrialization and urbanization in countries like China and India. The region's expanding automotive and construction sectors further propel the demand for methyl acrylate. North America and Europe also hold significant market shares, with a strong presence of automotive manufacturers and a high demand for advanced construction materials. The Middle East & Africa and Latin America regions are experiencing moderate growth, driven by increasing infrastructure development and industrial activities.
The market is segmented based on the production processes, including the esterification method, transesterification method, and others. The esterification method is widely used due to its efficiency in producing high-purity methyl acrylate. The transesterification method is also gaining traction due to its cost-effectiveness and lower environmental impact. Advances in production technology and the development of more sustainable and efficient processes are expected to further influence this segment, with companies focusing on reducing production costs and environmental footprint.
The purity segment includes high-purity and low-purity methyl acrylate. High-purity methyl acrylate is essential for applications requiring stringent quality standards, such as in the automotive and medical industries. Low-purity methyl acrylate finds usage in applications where such high standards are not critical, such as in certain adhesive and textile applications. The demand for high-purity methyl acrylate is growing due to the increasing need for high-performance materials in various high-tech and industrial applications.
The global methyl acrylate market is driven by its versatile applications across multiple industries, with significant growth observed in coatings, adhesives, and textiles. Regional demand is led by Asia-Pacific, supported by robust industrial growth and urbanization. Technological advancements in production processes and the development of high-purity methyl acrylate are expected to further propel market growth, catering to the increasing demand for high-performance and durable materials across various sectors.
Global Methyl Acrylate Segment Analysis
In this report, the Global Methyl Acrylate Market has been segmented by Type, Purity Grade, Application, End-User and Geography.
Global Methyl Acrylate Market, Segmentation by Type
The Global Methyl Acrylate Market has been segmented by Type into Fiber, Coatings, Adhesives, Sealants and Detergents.
One of the key segments in the methyl acrylate market is its use in fiber production. Methyl acrylate is crucial in manufacturing synthetic fibers, such as acrylic fibers, which are widely used in textiles. These fibers are valued for their durability, resistance to mildew, and ability to retain color. The growing demand for high-performance fabrics in the fashion and home textiles industry is propelling the demand for methyl acrylate in this segment. Additionally, the automotive and construction sectors also utilize these fibers for various applications, further boosting market growth.
In the coatings industry, methyl acrylate serves as a fundamental component in the formulation of various types of paints and coatings. It is used to enhance the properties of coatings, such as flexibility, adhesion, and resistance to environmental factors. The robust growth in the construction industry, coupled with increasing demand for protective and decorative coatings, is significantly driving the demand for methyl acrylate. Moreover, the automotive industry's continuous innovation in coating technologies to improve vehicle aesthetics and durability is contributing to the market expansion in this segment.
Methyl acrylate is a critical ingredient in the production of adhesives and sealants. Its properties, such as excellent bonding strength and durability, make it an ideal choice for various industrial and consumer applications. The construction sector's steady growth, driven by urbanization and infrastructure development, is a major factor fueling the demand for adhesives and sealants. Additionally, the packaging industry, which requires high-performance adhesives for diverse applications, is also a significant contributor to the market's growth. The ongoing advancements in adhesive technologies to meet specific industry requirements are expected to further augment the demand for methyl acrylate in this segment.
The detergent industry utilizes methyl acrylate in the formulation of various cleaning agents and detergents. It helps improve the performance of detergents by enhancing their cleaning efficiency and stability. The rising awareness about hygiene and cleanliness, coupled with the increasing consumption of household and industrial cleaning products, is driving the demand for methyl acrylate in this sector. Moreover, the development of eco-friendly and biodegradable detergents is expected to create new opportunities for market growth.
The global methyl acrylate market is poised for significant growth, driven by its diverse applications across multiple industries. Key trends influencing the market include the increasing demand for high-performance materials, advancements in polymer and adhesive technologies, and the rising focus on sustainability and environmental compliance. Additionally, the growth of end-use industries such as construction, automotive, textiles, and packaging is expected to continue fueling the demand for methyl acrylate.
Regional market dynamics play a crucial role in shaping the global landscape. Asia-Pacific, North America, and Europe are prominent markets for methyl acrylate, with Asia-Pacific leading due to its rapidly expanding industrial base and infrastructure development. Strategic initiatives by major market players, such as mergers, acquisitions, and capacity expansions, are anticipated to enhance market competitiveness and innovation.
In conclusion, the global methyl acrylate market is set to experience robust growth, supported by its essential applications in fiber, coatings, adhesives, sealants, and detergents. The ongoing developments in various end-use industries and the emphasis on sustainable practices are likely to drive the market forward, creating numerous opportunities for stakeholders in the coming years.
Global Methyl Acrylate Market, Segmentation by Purity Grade
The Global Methyl Acrylate Market has been segmented by Purity Grade into Less Than Or Equal To 99% and Greater Than 99%.
Methyl acrylate with a purity of less than or equal to 99% is typically used in applications where ultra-high purity is not a critical requirement. This includes certain adhesives, coatings, and sealants where the presence of impurities does not significantly affect the final product's performance. The demand for this grade is driven by its cost-effectiveness and sufficient quality for many commercial applications, making it a popular choice in industries like textiles, construction, and automotive.
On the other hand, methyl acrylate with a purity greater than 99% is essential for applications requiring high precision and performance. This higher purity grade is crucial in the manufacture of superabsorbent polymers, specialty coatings, and advanced materials where even minor impurities could compromise the product's properties. The higher cost associated with this grade is justified by its necessity in producing high-quality and reliable end products, making it indispensable in sectors such as healthcare, electronics, and specialized manufacturing.
The segmentation of the methyl acrylate market by purity grade highlights the diverse requirements of different industries and underscores the importance of matching the purity level to the specific needs of the application. As industries continue to evolve and demand more advanced materials, the need for both high-purity and standard-purity methyl acrylate is expected to grow, driving innovation and development within the market.
Global Methyl Acrylate Market, Segmentation by Application
The Global Methyl Acrylate Market has been segmented by Application into Surface Coatings, Adhesives & Sealants, Textiles, Plastic Additives and Chemical Synthesis.
In the adhesives and sealants industry, methyl acrylate is valued for its superior bonding properties and versatility. It is used in the formulation of adhesives and sealants that require strong adhesion to a variety of substrates, including plastics, metals, and glass. This makes it crucial for the construction, packaging, and automotive industries, where reliable bonding solutions are paramount.
The textiles sector also leverages the unique properties of methyl acrylate. It is used in textile finishes and coatings to impart softness, flexibility, and durability to fabrics. The ongoing advancements in textile technologies and the rising demand for high-quality, performance-enhanced fabrics drive the utilization of methyl acrylate in this field.
Methyl acrylate serves as an important plastic additive. It is used to modify the properties of plastics, improving their flexibility, impact resistance, and clarity. This application is particularly significant in the production of packaging materials, consumer goods, and automotive components, where the performance and aesthetic qualities of plastics are critical.
Chemical synthesis is another notable application of methyl acrylate. It is a key intermediate in the production of various chemicals and pharmaceuticals. Its reactivity and versatility make it a valuable building block in the synthesis of a wide range of compounds, including polymers, resins, and specialty chemicals.
Overall, the global methyl acrylate market is poised for growth due to its multifaceted applications across surface coatings, adhesives and sealants, textiles, plastic additives, and chemical synthesis. The continuous development in these industries and the demand for high-performance materials are expected to drive the market forward in the coming years.
Global Methyl Acrylate Market, Segmentation by End-User
The Global Methyl Acrylate Market has been segmented by End-User into Automobile, Construction and Packaging & Cosmetics Industry.
In the automobile industry, methyl acrylate finds extensive use in the manufacturing of automotive coatings, adhesives, and sealants. These applications benefit from its properties such as adhesion, durability, and resistance to weathering and corrosion. Automotive coatings, for instance, rely on methyl acrylate for its ability to provide protective layers that enhance the aesthetics and longevity of vehicles.
The construction sector, methyl acrylate is utilized in the formulation of adhesives and sealants, contributing to the strength and durability of building materials. These applications are essential for bonding various construction materials and ensuring the structural integrity and weather resistance of buildings and infrastructure.
The packaging industry utilizes methyl acrylate in the production of coatings and films that enhance the barrier properties of packaging materials. These coatings help prevent moisture ingress and protect packaged goods from external contaminants, thereby extending their shelf life and maintaining product quality.
In the cosmetics industry, methyl acrylate is employed in the formulation of personal care products such as hair styling gels and nail polish. Its properties contribute to the flexibility, adhesion, and glossiness of these cosmetic formulations, meeting consumer expectations for aesthetic appeal and product performance.
Overall, the demand for methyl acrylate continues to grow driven by its versatile applications across these key industries. As technological advancements and environmental regulations shape market trends, there is an increasing emphasis on developing sustainable formulations that maintain or enhance performance while reducing environmental impact. This ongoing evolution underscores methyl acrylate's pivotal role in modern industrial applications, ensuring its relevance in diverse sectors for the foreseeable future.
Global Methyl Acrylate Market, Segmentation by Geography
In this report, the Global Methyl Acrylate Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Methyl Acrylate Market Share (%), by Geographical Region, 2024
The global methyl acrylate market is poised for significant growth from 2020 to 2030 across various regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Methyl acrylate, a key chemical used in the production of coatings, adhesives, textiles, and other industrial applications, is expected to witness rising demand driven by its versatility and wide-ranging industrial applications.
North America and Europe are anticipated to continue as mature markets for methyl acrylate, characterized by steady growth due to established industrial infrastructure and technological advancements in manufacturing processes. Meanwhile, the Asia Pacific region is projected to register robust growth during the forecast period, driven by rapid industrialization, expanding manufacturing sectors, and increasing investments in infrastructure development. Countries like China, India, Japan, and South Korea are expected to be major contributors to the growth in this region.
In the Middle East and Africa, the demand for methyl acrylate is likely to grow steadily, supported by the expanding construction and automotive sectors. Latin America is also expected to show substantial growth opportunities, fueled by increasing industrial activities and investments in the region.
Factors such as technological advancements in production processes, regulatory support for sustainable chemicals, and growing environmental concerns are anticipated to shape the market dynamics during the forecast period. Companies operating in the global methyl acrylate market are likely to focus on expanding their production capacities, enhancing product portfolios, and strengthening their distribution networks to capitalize on emerging opportunities across these diverse geographical regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Methyl Acrylate Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growth in automotive sector
- Increasing construction activities
- Shift towards sustainable products
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Expansion of industrial applications -The Global Methyl Acrylate Market is witnessing significant expansion driven by its diverse industrial applications. Methacrylic acid, a key building block in the production of various polymers and resins, is finding increasing use across sectors such as automotive, construction, electronics, and healthcare.
In the automotive industry, methacrylic acid is utilized in the manufacturing of durable coatings and paints that offer excellent weather resistance and aesthetic appeal. These coatings protect vehicles from environmental factors while maintaining their appearance over extended periods.
The construction sector, methacrylic acid-based polymers are employed in adhesives, sealants, and coatings due to their strong bonding capabilities and resistance to harsh weather conditions. This enhances the durability and longevity of construction materials, contributing to sustainable infrastructure development.
The electronics industry relies on methacrylic acid for its role in producing specialty polymers used in the manufacture of circuit boards, display screens, and optical devices. These polymers provide crucial properties such as heat resistance, electrical insulation, and optical clarity, essential for the performance and reliability of electronic components.
In healthcare applications, methacrylic acid derivatives are utilized in medical adhesives and dental materials due to their biocompatibility and ability to adhere to biological surfaces safely. These materials are crucial in modern medical practices, ensuring patient safety and comfort during procedures.
The expansion of these industrial applications reflects the versatility and growing demand for methacrylic acid globally. As industries continue to innovate and seek sustainable solutions, methacrylic acid's role in enhancing product performance and durability is expected to drive further market growth in the coming years.
Restraints:
- Fluctuating raw material prices
- Stringent environmental regulations
- Competition from substitutes
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Supply chain disruptions -The Global Methyl Acrylate Market is currently facing significant challenges due to supply chain disruptions. Methacrylic acid, a crucial chemical used in various industries including coatings, adhesives, and pharmaceuticals, is experiencing volatility in its availability and pricing. These disruptions can be attributed to several factors, such as logistical issues, raw material shortages, and transportation delays.
One of the primary reasons for these disruptions is the global supply chain's intricate nature, with dependencies on raw materials sourced from different regions. Any disturbance in these supply channels, whether due to geopolitical tensions, natural disasters, or regulatory changes, can ripple through the methacrylic acid market. Additionally, the COVID-19 pandemic has exacerbated these challenges by causing labor shortages, factory closures, and fluctuations in demand.
These disruptions are not only affecting the production and distribution of methacrylic acid but also impacting downstream industries that rely on its derivatives. Manufacturers are facing increased costs and uncertainties, leading to adjustments in pricing strategies and supply agreements.
These challenges, stakeholders in the methacrylic acid market are exploring strategies such as diversifying supply sources, enhancing inventory management, and investing in robust contingency plans. Collaboration across the supply chain, from raw material suppliers to end-users, is crucial to navigating these turbulent times effectively. As the global economy strives towards recovery, addressing these supply chain disruptions will be pivotal for stabilizing the methacrylic acid market and supporting sustainable growth in the future.
Opportunities:
- Demand for lightweight materials
- Focus on bio-based alternatives
- Infrastructure development projects
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Strategic mergers and acquisitions -The Global Methyl Acrylate Market has witnessed a significant trend towards strategic mergers and acquisitions, shaping the competitive landscape and influencing market dynamics. These strategic moves are driven by several key factors within the industry.
Mergers and acquisitions (M&A) allow companies to consolidate their market positions by combining resources, capabilities, and market access. In the methacrylic acid sector, this consolidation often aims to achieve economies of scale, streamline operations, and enhance overall efficiency in production and distribution.
M&A activities are instrumental in fostering innovation and technological advancement. By integrating complementary technologies or acquiring innovative startups, companies can strengthen their research and development capabilities. This strategic approach not only accelerates product development but also enables firms to stay ahead in a competitive market by offering differentiated and advanced products.
Strategic mergers and acquisitions in the methacrylic acid market are driven by the pursuit of geographic expansion. Acquiring or merging with companies in new geographic regions helps organizations gain access to new markets, diversify their customer base, and mitigate risks associated with regional economic fluctuations or regulatory changes.
These strategic moves are often motivated by financial considerations such as achieving cost synergies, improving profitability, and enhancing shareholder value. Through M&A transactions, companies can optimize their cost structures, rationalize overlapping operations, and capitalize on revenue growth opportunities that would be challenging to achieve independently.
The context of a rapidly evolving global economy and shifting industry dynamics, strategic mergers and acquisitions enable companies to adapt swiftly to market changes and strengthen their resilience against external shocks or disruptions.
Overall, strategic mergers and acquisitions play a pivotal role in shaping the competitive landscape of the Global Methyl Acrylate Market, driving innovation, expanding market reach, and enhancing operational efficiency for companies across the industry.
Competitive Landscape Analysis
Key players in Global Methyl Acrylate Market include.
- Dow
- BASF SE
- Evonik Industries
- Formosa Korea
- KURARAY CO., LTD
- LG Chem
- MITSUBISHI GAS CHEMICAL COMPANY, INC
- DHALOP CHEMICALS
- Parchem fine & specialty chemicals
- Polymers Enterprises
- AECOCHEM
- Central Drug House
- Shree Chemicals
- Petrochemicals Europe
- Tokyo Chemical Industry Co., Ltd
- KH Chemicals
- Kowa India Pvt.Ltd
- Biesterfeld AG
- TWI Ltd
- DIOCHEM
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Purity Grade
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Methyl Acrylate Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Growth in automotive sector
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Increasing construction activities
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Shift towards sustainable products
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Expansion of industrial applications
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Restraints
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Fluctuating raw material prices
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Stringent environmental regulations
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Competition from substitutes
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Supply chain disruptions
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- Opportunities
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Demand for lightweight materials
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Focus on bio-based alternatives
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Infrastructure development projects
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Strategic mergers and acquisitions
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Methyl Acrylate Market, By Type, 2021 - 2031 (USD Million)
- Fiber
- Coatings
- Adhesives
- Sealants
- Detergents
- Global Methyl Acrylate Market, By Purity Grade, 2021 - 2031 (USD Million)
- Less Than Or Equal To 99%
- Greater Than 99%
- Global Methyl Acrylate Market, By Application, 2021 - 2031 (USD Million)
- Surface Coatings
- Adhesives & Sealants
- Textiles
- Plastic Additives
- Chemical Synthesis
- Global Methyl Acrylate Market, By End-User, 2021 - 2031 (USD Million)
- Automobile
- Construction
- Packaging & Cosmetics Industry
- Global Methyl Acrylate Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Methyl Acrylate Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Dow
- BASF SE
- Evonik Industries
- Formosa Korea
- KURARAY CO., LTD
- LG Chem
- MITSUBISHI GAS CHEMICAL COMPANY, INC
- DHALOP CHEMICALS
- Parchem fine & specialty chemicals
- Polymers Enterprises
- AECOCHEM
- Central Drug House
- Shree Chemicals
- Petrochemicals Europe
- Tokyo Chemical Industry Co., Ltd
- KH Chemicals
- Kowa India Pvt.Ltd
- Biesterfeld AG
- TWI Ltd
- DIOCHEM
- Company Profiles
- Analyst Views
- Future Outlook of the Market