Global Acrylic Monomer Market Overview:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Usage of Acrylic Monomers for Plastics as they Become Tough and Highly Transparent
Market Growth Drivers:
Increasing Demand for High Formulation Paints and Growing Infrastructure and Improved Standard of Living
Challenges:
Concerns Related to the Toxicity of Acrylate Monomers
Restraints:
Stringent Government Regulations
Opportunities:
Increasing Investments in Construction Activities and Growing Demand for Polyethylene in China
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Methacrylate Producers Association (United States) and Petrochem Middle East India Private Limited (India). Analyst at AMA Research see Japan Vendors to retain maximum share of Global Acrylic Monomer market by 2028. Considering Market by End users, the sub-segment i.e. Textiles will boost the Acrylic Monomer market. Considering Market by Sales channel, the sub-segment i.e. Direct will boost the Acrylic Monomer market.
Latest Market Insights:
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.
What Can be Explored with the Acrylic Monomer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Acrylic Monomer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Acrylic Monomer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Acrylic Monomer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Acrylic Monomer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw material suppliers, Government associations, Research organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.