Rockville, March 20, 2023 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, in its newly published research, reveals that the global methacrylate monomers market is forecasted to reach a valuation of US$ 21 billion by the end of 2033. Worldwide demand for methacrylate monomers is expected to increase at a CAGR of 5.3% through 2033. Rising use of polymerized methacrylate monomers in orthopedic and dentistry surgery is expected to lead to increased demand.

Methacrylate monomers are industrial monomers, which can easily form polymers due to their highly reactive double bonds. Numerous methacrylate monomer derivatives, including stearyl methacrylate, cyclohexyl methacrylate, glycidyl methacrylate, allyl methacrylate, ethyl methacrylate, butyl methacrylate, and methyl methacrylate are globally available. They are used in a wide variety of end-use sectors, including architectural, automotive, electronics, paints & coatings, and others.

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Rising population and rapid urbanization are contributing to the growth of the architecture and construction sector in developing and developed economies, including India, the United States, and others. The architecture and construction industry uses methacrylate monomers as a binder for liquid waterproofing applications, industrial flooring, reactive road making, and concrete admixtures.

A noticeable increase in OEMs (original equipment manufacturers) and technological advancements have led to significant growth in the automotive sector. The sector uses methacrylate monomers in the production of illuminated light displays, automotive paints, and others.

There are a few incidences related to the side effects of methacrylate monomer infection. Slight eye irritation and moderate skin irritation are caused due to exposure to methacrylate monomer. In addition, inhalation of vapor or mist can cause throat, lung, and nose irritation. Sometimes, these irritations can be fatal if exposure reaches beyond limits.

Asia Pacific is estimated to hold a significant share of the global market revenue. Rising regional population and economic growth in regional countries, including South Korea, India, Japan, and China are anticipated to result in increased use of methacrylate monomers in various industries, including healthcare, construction, and others.

Key Takeaways from Market Study

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Competitive Landscape

Prominent suppliers of methacrylate monomers are making huge investments in strengthening their supply chain management systems to generate leads. Delivery of quality products is ensured by suppliers, maintaining product standards for quality control. Market players work effectively to minimize environmental impacts to achieve the goal of a sustainable environment.

Key Market Players

Segmentation of Methacrylate Monomers Industry Research

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the methacrylate monomers market, presenting the historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights into the market based on derivative (methyl methacrylate, butyl methacrylate, ethyl methacrylate, stearyl methacrylate, others) and end use (automotive, electronics, architecture & construction, advertisement & communication, industrial, healthcare, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Methacrylate Monomers Market Report

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