Allyl Methacrylate Market Scope
Allyl methacrylate is a colorless, volatile liquid, with a characteristic odor that has been described as fragrant, fruity, acrid and pungent, or onion-like. Allyl methacrylate is a cross polymer used for manufacturing plastics and resins. Allyl Methacrylate can be irritating to the eyes, skin and mucous membranes of the human body. In addition to this, dermal exposure to these chemicals may develop allergic reactions. The number of respiratory side effects is also been observed in humans with some acute (short term) as well as chronic (long term) inhalation issues. Some other respiratory problems include dyspnoea, chest tightness, coughing, wheezing and reduced peak flow.
The market study is being classified by Type (Allyl Methacrylate 98% and Allyl Methacrylate 99.5%), by Application (Paints& Coatings, Floor Polishes, Dentistry Materials and Other) and major geographies with country level break-up.
The Players having a strong hold in the market are BASF, Evonik Industries, LyondellBasell, Mitsubishi Gas Chemical, and Anxin Chemistry Limited. Research Analyst at AMA predicts that European and Chinese Players will contribute to the maximum growth of Global Allyl Methacrylate market throughout the predicted period.
BASF SE (Germany), Evonik Industries AG (Germany), LyondellBasell Industries N.V. (Netherlands), Mitsubishi Gas Chemical Company (Japan), Fushun Anxin Chemistry Limited Company (China), Gelest, Inc. (United States), Novasol N.V. / S.A. (Belgium), Monomer-Polymer and Dajac Labs, Inc. (United States) and Dairen Chemical Corporation (DCC) (China) are some of the key players profiled in the study.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Allyl Methacrylate market by Type, Application and Region.
On the basis of geography, the market of Allyl 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). Europe region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Allyl Methacrylate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On July 15, 2019, a specialty chemicals and advanced materials solutions provider, “Entegris” has acquired “MPD Chemicals”. This acquisition will continue to grow and diversify Entegris’ engineered materials portfolio, which was recently expanded with the acquisition of Digital Specialty Chemicals (DSC). This acquisition will enable the semiconductor technology roadmap through investments in purification, delivery, and advanced materials.
On July 11, 2019, BASF has increased its global production capacity for the Higher Carboxylic Acids (HCA), Isononanoic Acid (INA) and 2-Ethylhexanoic Acid (2-EHA) from 55,000 metric tons to 68,000 metric tons per year. With the improved production facilities at its sites in Germany, and Malaysia.
Market Trend
- Introduction to Allyl Methacrylate in Dentistry Applications for Manufacturing Ceramic Feelings
- Growing Adoption of Cross Polymers and Monomers Manufactured from Allyl Methacrylate
Market Drivers
- Increasing Applications of Allyl Methacrylate in Various Chemical Processes
- Used in Manufacturing Lighting Fixtures, Glazing, Skylights, Advertising Signs, Displays and Many Other Products
Opportunities
- Increasing Applications in Manufacturing Methacrylate Resins and Plastics such as Plexiglas
- Used in Impregnation of Concrete to Make it Water-Repellent
Restraints
- Several Neurological Symptoms Observed in Humans with Acute Exposure to Allyl Methacrylate
- Stringent Environmental Regulations on Allyl Methacrylate Manufacturers
Challenges
- Reduces Lung Functions, and Respiratory & Nasal Symptoms
- Shows Side Effects such as Headache, Lethargy, Lightheadedness, and Sensation of Heaviness in Arms
Key Target Audience
Allyl Methacrylate Manufacturers, Allyl Methacrylate Distributors and Traders, Allyl Methacrylate Industry Associations, Government Agencies, Research and Development Institutes, Chemical Industry Regulators and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase