The global methyl acrylate market is forecast to reach USD 505.1 Million by 2027, according to a new report by Reports and Data. Methyl Acrylate is a clear, colorless, highly flammable, water-soluble industrial and commercial chemical with an arid odor. Acrylic acid methyl ester is another commercial name of this chemical compound. Methyl acrylate is mostly used as a solvent in the manufacturing of surface coating & water-based coating applications and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Paints, paper coating, surface coating, and flocculant in waste-water treatment processes are some of its chemical applications. The low temperature flexibility, good water resistance, and sunlight resistance to the latex paint formulations make it highly preferable for the construction coating & painting applications. The continuous expansion of the paint & coatings, adhesives, plastic film formulation, food packaging, acrylate fiber and paper coating applications, are expected to drive the demand throughout the forecast period.
Key participants include Mitsubishi Chemical Holdings,
Solventis, Dow Chemical Company, NIPPON SHOKUBAI, Arkema S.A, LG Chem Ltd.,
BASF SE, DuPont de Nemours, Inc., Shandong Kaitai Petrochemical Co Ltd., and Jiangsu
Jurong Chemical Co Ltd.
To Get
Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/2630
Asia Pacific region is forecasted to grow the fastest with the
highest growth rate of 6.1% in the period 2019 – 2027, owing to high market
penetration in paints & coatings and continuous expansion of the textile
& leather industries coupled with the extensive demand for the this
chemical compound as a solvent and reagent in various industry verticals,
especially in regions like India and China.
For the purpose of this report, Reports and Data have
segmented the global methyl acrylate market on the basis of the end-use, sales
channel, applications, and region:
End-Use Outlook (Revenue: USD Million; Volume:
Kilo Tons; 2016-2027)
- Direct
Solvent
- Chemical
Intermediate
- Chemical
Reagents
- Others
Sales Channel Outlook (Revenue: USD Million;
Volume: Kilo Tons; 2016-2027)
- Online
Retailing
- Offline
Retailing
Applications Outlook (Revenue: USD Million;
Volume: Kilo Tons; 2016-2027)
- Paints
& Coatings
- Rubber
& Adhesive
- Chemical
& Pharmaceuticals
- Textile
& Leather Industries
- Others
Regional Outlook (Revenue: USD Million; Volume:
Kilo Tons; 2016-2027)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
Browse
Full Report @ https://www.reportsanddata.com/report-detail/methyl-acrylate-market
Further
key findings from the report suggest
- Methyl
acrylate is a synthetic chemical compound to be used in the direct solvent
and are widely used in the direct chemical formulations. Specialty
coating, paper coating, surface coating, paint, varnishes, lacquers,
finishing resin, plastic film formulation are some of its end-use
applications. The direct solvent is forecasted to reach a market share of
34.5% by 2027 growing with a rate of 5.6% during the period 2019 – 2027.
- Chemical
reagent segment is measured to grow at a CAGR of 4.5% in the forecast
period. Methyl Acrylate is used as a chemical reagent in various chemical
formulations such as the synthesis of many pharmaceutical intermediates.
- Growing
penetration of the online retailing businesses for chemicals and
materials, especially in the emerging nations in Asia Pacific, is helping
the market grow by broadening the outreach in the areas where the offline
vendors are unavailable. Also, due to non-involvement of the distributors
in the supply chain model, the profit margin is way more than that of the
offline retailing. The online retailing segment is expected to gain a
market share of 34.1% by 2027.
- Europe
would reach a market share of 20.5% by 2027 and would grow at a CAGR of
4.9% in the forecast period. Netherland and Germany have some of the
valuable players in this region.
- North
America is forecasted to witness a significant growth in the overall
market, with 25.7% of market possession by 2027 and CAGR of 5.8% during
the forecast period. US possesses the highest market share in this region
and some of the vital player of the market.
Request customization of the
report @ https://www.reportsanddata.com/request-customization-form/2630
Thank you for reading our report. To receive further
information on the report or to enquire about its customization, please get in
touch with us and get your report tailored according to your needs.
Browse
More Reports-
Property Management
Software Market Size
Industrial
Automation Motion Control Systems Market Share
About Us:
Reports
and Data is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. Our
solutions purely focus on your purpose to locate, target and analyze consumer
behavior shifts across demographics, across industries and help client’s make a
smarter business decision. We offer market intelligence studies ensuring
relevant and fact-based research across a multiple industries including
Healthcare, Technology, Chemicals, Power and Energy. We consistently update our
research offerings to ensure our clients are aware about the latest trends
existent in the market.
Contact Us:
John
W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports
and Data | Web: www.reportsanddata.com
No comments:
Post a Comment