What is Sodium Methacrylate Market?
Sodium methacrylate, also known as methacrylic acid sodium salt, is an insoluble chemical which is used as reaction intermediate. It is often stored in cool dry place. Of late, there has been rise in demand for sodium methacrylate in resin manufacturing which offers a lucrative opportunity for manufacturers and in turn supplementing the market growth.
The market study is being classified, by Application (Chemical Industry, Paints & Coatings, Dentistry Materials and Others) and major geographies with country level break-up.
Zhongran Chemical (China), Xiamen Hisunny Chemical Co., Ltd (China), Hangzhou DayangChem Co., Ltd. (China), Sigma-Aldrich (United States), TCI Chemical (Japan), Xiayi Yuhao Additives Co., Ltd. (China), Shenzhen Sendi Biotechnology Co.Ltd. (China) and Mainchem Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Anhui Royal Chemical Co., Ltd. (China), Hefei TNJ Chemical Industry Co.,Ltd. (China), career henan chemical co (China), Haihang Industry Co.,Ltd (China) and Chemwill Asia Co.,Ltd. (China).
Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Sodium Methacrylate market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sodium Methacrylate market by Type, Application and Region.
On the basis of geography, the market of Sodium Methacrylate 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.
Market Drivers
- Growing Use of Sodium Methacrylate in Mouthwash Products
- Increasing Demand of Sodium Methacrylate in Paints and Coatings
Market Trend
- Increasing Use of Sodium Methacrylate as a Reaction Intermediate
Restraints
- High Cost of Sodium Methacrylate Chemicals
- Stringent Regulatory Guidelines Regrading Its Use
Opportunities
- Growing Use of Adhesives in Manufacturing Plants
Challenges
- Ill Effect of Methacrylate such as Irritation to Eyes and Skin
Key Target Audience
Sodium Methacrylate Manufactures, Distributors/Suppliers, Market and Research Firms, Government Agencies and Others