#Methacrylate Monomers Market analysis
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Methyl Methacrylate Market Trends: Insights and Analysis
Overview Methyl methacrylate (MMA) is an organic compound with the formula C5H8O2. It is a colorless, volatile liquid that is slightly soluble in water but very soluble in most organic solvents. MMA's main uses are in the production of poly(methyl methacrylate) (PMMA), which is better known by trade names like Plexiglas or Acrylic glass, and as a chemical intermediate in the production of other substances and industrial chemicals. Production and synthesis Commercially, MMA is produced via the hydrolysis of methacrylic anhydride which itself is produced from acetone cyanohydrin or via the acid-catalyzed esterification of methacrylic acid with methanol. In laboratory settings, it can also be prepared by the condensation of acetone with malonic acid followed by decarboxylation. Globally, over 3 million tons of MMA are produced annually. It is one of the 150 most commonly produced chemicals and a valuable petrochemical product. The key manufacturers are located in Asia, North America and Western Europe. Uses and applications of PMMA Polymerization of MMA yields poly(methyl methacrylate) or PMMA, which is a transparent thermoplastic often used as a lightweight or shatter-resistant alternative to glass in applications such as aircraft canopies or windows and aquariums. It is easily worked, molded or thermoformed due to its low melting point. Some common uses of PMMA include: - Signage and displays: Thin PMMA sheets are often used as an alternative to acrylic glass in illuminated signage due to its light weight and shatter resistance. It is also used as the glazing material on bus/taxi stop shelters. - Construction: PMMA finds use in architectural applications like skylight domes, greenhouse glazing and translucent wall panels. It can also be used to produce bathtubs or sanitary fittings needing high durability and an aesthetically pleasing finish. - Medical and dental: Clear and impact-resistant PMMA sheets are commonly used as the material for orthodontic appliances and in medical devices like inhalers or eyeglass frames. It is also employed as an insulator in bone cements used for joint replacements. - Electronics: Various consumer electronic devices, especially mobile phones and PDAs, employ PMMA for touchscreens and display lenses owing to its durability and optical clarity. Conclusion In summary, methyl methacrylate is an essential building block in modern materials production. As the monomer for PMMA plastic sheet and specialist polymers, it delivers technical advantages of strength, clarity and formability paired with economical processability. Its versatility as an intermediate also means that by controlled reaction with many different molecules, it enables the cost-effective synthesis of various industrial chemicals in demand. With growing applications across markets, MMA's global output and relevance will likely remain substantial for the foreseeable future. Care must continue to be taken regarding the associated human health and environmental impacts through prudent handling and process design.
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Poly Methyl Methacrylate Prices, Price Trend, Pricing, News, Analysis & Forecast
Poly Methyl Methacrylate (PMMA) prices have witnessed fluctuations in recent years, influenced by various factors within the global market. PMMA, commonly known as acrylic or acrylic glass, is a versatile polymer extensively utilized in a myriad of applications, ranging from automotive parts to construction materials and consumer goods. Understanding the dynamics behind PMMA pricing entails considering several crucial elements.
Firstly, raw material costs significantly impact PMMA prices. PMMA is derived from methyl methacrylate (MMA), a monomer synthesized from petrochemical sources. Fluctuations in crude oil prices directly affect the cost of MMA production, consequently influencing PMMA prices. Global economic conditions, geopolitical tensions, and supply-demand imbalances further contribute to the volatility in raw material costs, leading to price variations in PMMA. Moreover, market demand plays a pivotal role in determining PMMA prices. The growing demand for lightweight and durable materials across industries such as automotive, electronics, and construction drives the consumption of PMMA. Technological advancements and shifting consumer preferences towards sustainable and eco-friendly alternatives also impact demand dynamics. Consequently, fluctuations in market demand, influenced by factors like economic growth, industrial trends, and regulatory changes, exert pressure on PMMA prices.
Get Real Time Prices of Gum Rosin: https://www.chemanalyst.com/Pricing-data/polymethyl-methacrylate-50Furthermore, production capacity and supply chain dynamics affect PMMA pricing. PMMA manufacturers must balance production capacities with market demand to avoid oversupply or shortages, which can impact pricing stability. Additionally, disruptions in the supply chain, such as transportation challenges, natural disasters, or geopolitical tensions, can lead to temporary shortages or delays, influencing PMMA prices due to supply-demand imbalances.
Global market trends and regional factors also influence PMMA prices. As a globally traded commodity, PMMA prices are influenced by macroeconomic trends, currency fluctuations, and trade policies. Regional factors, including regulatory frameworks, environmental standards, and industry competitiveness, vary across markets and impact the cost structure of PMMA production, thereby influencing prices in different regions.
Moreover, innovations in manufacturing processes and technological advancements impact PMMA prices. Continuous research and development efforts aim to enhance production efficiency, reduce costs, and improve product performance. Breakthroughs in polymerization techniques, recycling technologies, and material design can influence the cost structure of PMMA production, thereby impacting prices in the long term.
Additionally, environmental and sustainability considerations are increasingly shaping PMMA pricing trends. With growing awareness of environmental issues and regulatory pressure to reduce carbon footprint, manufacturers are investing in sustainable practices and eco-friendly alternatives. The adoption of bio-based feedstocks, recycling initiatives, and energy-efficient manufacturing processes can affect the cost dynamics of PMMA production, ultimately influencing prices.
In conclusion, Poly Methyl Methacrylate (PMMA) prices are subject to a multitude of factors, reflecting the complex interplay between raw material costs, market demand, production dynamics, global trends, technological advancements, and sustainability considerations. Understanding these factors is crucial for stakeholders in the PMMA industry to navigate market dynamics, mitigate risks, and make informed decisions in a rapidly evolving landscape.
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Methyl Methacrylate Market Analysis: Trends and Growth Opportunities
Methyl Methacrylate: Properties, Uses and Potential Hazards Introduction Methyl methacrylate, commonly referred to as MMA, is an organic compound that is mainly used in the manufacturing of polymethyl methacrylate (PMMA), which is a transparent thermoplastic commonly known as acrylic glass. In this article, we will discuss the key properties of MMA, examine its widespread industrial applications as well as explore some potential hazards associated with its production and usage. Chemical and Physical Properties of Methyl Methacrylate MMA is a colorless volatile liquid that is slightly denser than water with a density of 0.94 g/cm3. Its molecular formula is C5H8O2 and it has a boiling point of 100.5°C. MMA has a characteristic irritating odor reminiscent of acrylic nails or glues. It is soluble in many organic solvents such as acetone, ethanol and ether but is non-soluble in water. MMA polymerizes readily, both through exposure to heat and when exposed to peroxides or other initiators at room temperature. The double bond in its structure makes it highly reactive. During polymerization, MMA molecules link up in long chains to form the plastic polymer known as PMMA. The properties of MMA include high reactivity, volatility, flammability and potential for explosion under certain conditions. Industrial Applications of Methyl Methacrylate Due to its ability to polymerize easily into strong, transparent plastics, MMA finds a wide array of industrial applications. Some key uses of MMA are: - Manufacture of PMMA sheets, also known by brand names such as Plexiglas and Acrylite. PMMA sheets formed have applications in signage, glazing, sanitary-ware and furnishing. - Production of PMMA casting/moulding resins used to manufacture various industrial and consumer products through mould casting techniques. Common products include bathroom fittings, automobile components, lenses and lighting equipment enclosures. - As a reactive monomer in the fabrication of polymethyl methacrylate concrete (PMMA concrete) which has advantages over traditional concrete such as transparency, UV resistance and superior tensile strength. - Used as a raw material for production of synthetic latexes that are employed as binders and modifiers in coatings, adhesives, sealants and more. - Enters as a monomer/intermediate in the chemical synthesis routes of numerous other industrially important polymers and resins.
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Methyl Methacrylate Market Size and Share Analysis: Unraveling Key Statistics
Methyl methacrylate (MMA) is an important organic compound that is widely used for producing polymethyl methacrylate (PMMA), also known as acrylic glass. PMMA is a clear plastic with high strength and transparency properties. It is used across various end-use industries such as automotive, construction, electronics, medical devices and signs & displays. The rising demand for lightweight materials along with higher strength and design freedom associated with PMMA has led to increased adoption in the automotive industry worldwide. The global Methyl Methacrylate Market is estimated to be valued at US$ 7,510.7 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:
The growing construction industry across emerging economies is anticipated to present lucrative growth opportunities for methyl methacrylate market over the forecast period. Rapid urbanization and rising disposable income are encouraging infrastructure development activities in countries such as India, China and Indonesia. PMMA finds wide usage in construction applications owing to its transparency, durability and resistance to weathering. Increasing construction of commercial buildings, shopping malls and multi-dwelling units will augment the demand for PMMA sheets and panels, thereby driving the consumption of MMA monomer over the coming years. Porter’s Analysis
Threat of new entrants: New entrants face high capital requirement to build manufacturing facility for methyl methacrylate. Established players have economies of scale and brand loyalty advantage. Bargaining power of buyers: Buyers have moderate bargaining power as methyl methacrylate has applications in various end-use industries. Buyers can switch to substitute products if price is not competitive. Bargaining power of suppliers: Key raw materials for methyl methacrylate include acetone, methacrylic acid and propylene. Suppliers have low to moderate bargaining power due to availability of substitute raw materials. Threat of new substitutes: Substitutes include other methacrylate esters and plastics like polycarbonate. New substitute threat is moderate as methyl methacrylate is widely used due to its versatile properties. Competitive rivalry: The market is fragmented with top players accounting for around 40% share. Players compete based on pricing, product differentiation and expansion to new applications. SWOT Analysis
Strength: Wide applications in paints & coatings, automotive and construction industries. Cost-effective synthetic routes for production. Weakness: Vulnerable to fluctuations in raw material prices. Strict environmental regulations for emissions. Opportunity: Rising infrastructure and automotive sectors in Asia Pacific and Middle East countries boost demand. New applications development in surface coatings and dentistry. Threats: Growth of bio-based and recycled plastics reduces dependency on petrochemical-based MMA. Economic slowdowns affect end-use industries. Key Takeaways
The global methyl methacrylate market is expected to witness high growth over the forecast period driven by expanding end-use industries in Asia Pacific. Methyl methacrylate demand is projected to grow at a CAGR of 4.9% during 2023-2030 to reach a market size of US$ 7,510.7 Mn by 2024. Asia Pacific accounts for the largest and fastest growing methyl methacrylate market owing to strong growth in the construction and automotive sectors in China, India and other Southeast Asian countries. China dominates MMA consumption in the region supported by low-cost manufacturing and availability of raw material. Key players operating in the methyl methacrylate market are BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Huntsman Corporation, Kolon Industries, Karl Jungbecker GmbH & Co. KG. Major players focus on capacity additions, strategic partnerships and new product development catering to niche application segments.
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Methacrylate Monomers Market - Global Outlook and Forecast 2021-2027
APAC region is anticipated to lead the market during the forecast period due to the high obtainability of methacrylate monomers raw materials and the growing industrial applications in due to high consumption in China, Japan, India, South Korea, and others countries. Methacrylate monomers is highly used in automobiles, aerospace, construction, and other industries. The growth of Asia Pacific methacrylate monomers market is driven by the large rising demand of methacrylate monomers in construction and automotive industry. Methacrylate monomers used in various applications such as coatings, paints, inks, elastomers, adhesives, and others. Furthermore, Asia Pacific’s coatings industry is encompasses of huge and developing countries. China and India together considered as the largest coating market of this region. In addition to these countries, Asia Pacific is also included of many fast-growing countries in terms of coatings consumption such as Indonesia, Vietnam, Malaysia, Thailand, etc. The Asia Pacific region is developing economy owing to this the growth of construction industry, which is further accelerating demand of methacrylate monomers. On the other hand adhesives application of methacrylate monomers in growing industry such as in marine, automotive, aerospace, and construction will boost the consumption of methacrylate monomers in this region. The Asia Pacific region methacrylate monomers market is also segmented on the basis of derivatives, such as behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Whereas, North America holds second position for global methacrylate monomers market followed by Europe region. Moreover, Middle East, Latin America and South Africa is an emerging region for methacrylate monomers market due to increasing consumption of methacrylate monomers in various industries such as automotive, aerospace, construction, and other industries.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Methacrylate Monomers Market
5 Industry Overview Of Global Methacrylate Monomers Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
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Key Players: The Asia Pacific region methacrylate monomers market also provides an extensive range of manufacture including Japan and China based key players such as Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), Chi Mei Corporation (Taiwan), and others. Sumitomo Chemical Co., Ltd (Japan),
Segmentation The global methacrylate monomers market is majorly segmented on the basis of derivatives, application, end users and region. Based on derivatives of methacrylate monomers the market is segmented into behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Furthermore, based on application of methacrylate monomers the market is segmented into as coatings, paints, inks, elastomers, adhesives, and others. On the other hand, based on end user the market segmented into architectural, automotive¸ aerospace, marine, construction, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
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#Methacrylate Monomers Market#Methacrylate Monomers Market share#Methacrylate Monomers Market trends#Methacrylate Monomers Market forecast#Methacrylate Monomers Market analysis#Methacrylate Monomers Market overview#Methacrylate Monomers Market type
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Methacrylate Monomers Market Overview and Scope 2019 to 2025 | Key Players: Mitsubishi Chemical, Evonik, DowDuPont, Sumitomo Chemical, LG Chem, etc.
Global Methacrylate Monomers Market 2019 Research Report provides in-depth information and professional study of Methacrylate Monomers Industry. The regional analysis provided in the research study offers a complete study on the growth of the global Methacrylate Monomers market in different regions and countries. Readers are also provided with comprehensive competitive analysis, which includes a detailed profiling of leading Manufactures operating in the market. The report has a dedicated section for market dynamics where market influence factors, Methacrylate Monomers market growth drivers, restraints, challenges, trends, and opportunities are broadly discussed. The report evaluates the global Methacrylate Monomers market size, share, and growth rate and also provides an accurate projection for similar facets by thoroughly studying historic as well as the current status of the market. The report presents a market analysis based on revenue and sales volume. It also allows for gaining comprehensive acumen in upcoming business opportunities, obstacles, threats, and hindering factors in the market. Methacrylates are common monomers in polymer plastics, forming the acrylate polymers.The growth of the methacrylate monomers market is primarily driven by the huge demand from Asia Pacific and growth in end-use industries such as automotive, architecture & construction, and electronics. The regulations on the use of methacrylate monomer are likely to get flexible in the coming years as there are no direct substitutes available for the end-use industries.Global Methacrylate Monomers market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Methacrylate Monomers. Interpret a Competitive Outlook Analysis with Sample Report: https://www.acquiremarketresearch.com/sample-request/62420/ Some of the most prominent Key Vendors: Mitsubishi Chemical, Evonik, DowDuPont, Sumitomo Chemical, LG Chem, Arkema, BASF, Eastman Chemical, Nippon Shokubai, Estron Chemical, Esstech, Miwon Specialty Chemical, Fushun Anxin Chemical, Gelest, Kuraray, Chi Mei, Gantrade, Ted Pella, Asahi Kasei, Hitachi Chemical, Gujarat State Fertilizers and Chemicals Regions covered in the market report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Applications Segment Analysis: Automotive, Architecture & Construction, Electronics, Advertisement & Communication Product Segment Analysis: Methyl Methacrylate, Butyl Methacrylate, Ethyl Methacrylate Grab Your Report at an Impressive Discount! Please click here (with Business Email-Id) @https://www.acquiremarketresearch.com/discount-request/62420/ Key questions answered in this report • What will the market size be in 2025 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to Methacrylate Monomers market growth? • Who are the key vendors in this market space? • What are the Methacrylate Monomers market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? Why Global Methacrylate Monomers market 2019 Research Report? 1. The market research gives significant data that serves to - Distinguish and break down the necessities of the market, The market estimate, and the challenges. 2 .Market-research procedures include both subjective methods, for example, - Focus gatherings, inside and out meetings, Ethnography. 3. Quantitative methods like - client studies, and examination of optional information. Market Research, which incorporates social and opinion research, is the deliberate get-together and elucidation of data about people or associations utilizing factual and explanatory strategies and methods of the connected sociologist to pick up knowledge or bolster basic leadership. Browse the full report Description, TOC and Table of Figure @ https://www.acquiremarketresearch.com/industry-reports/methacrylate-monomers-market/62420/ Our experts and analysts evaluate the vendors in the Methacrylate Monomers market and provide understandings to articulate current and future market trends, innovation, customer expectations and competitive forces. The overviews, SWOT analysis and strategies of each vendor in the market provide understanding about the Methacrylate Monomers market forces and how those can be oppressed to create future opportunities.
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A view of acrylic
Acrylic plastic refers to a family of synthetic, or man-made, plastic materials containing one or more derivatives of acrylic products acid. The most common acrylic plastic is polymethyl methacrylate (PMMA), which is sold under the brand names of Plexiglas, Lucite, Perspex, and Crystallite. PMMA is a tough, highly transparent material with excellent resistance to ultraviolet radiation and weathering. It can be colored, molded, cut, drilled, and formed. These properties make it ideal for many applications including airplane windshields, skylights, automobile taillights, and outdoor signs. One notable application is the ceiling of the Houston Astrodome which is composed of hundreds of double-insulating panels of PMMA acrylic plastic.
Like all plastics, acrylic plastics are polymers. The word polymer comes from the Greek words poly, meaning many, and meros, meaning a part. A polymer, therefore, is a material made up of many molecules, or parts, linked together like a chain. Polymers may have hundreds, or even thousands, of molecules linked together. More importantly, a polymer is a material that has properties entirely different than its component parts. The process of making a polymer, known as polymerization, has been likened to shoveling scrap glass, copper, and other materials into a box, shaking the box, and coming back in an hour to find a working color television set. The glass, copper, and other component parts are still there, but they have been reassembled into something that looks and functions entirely differently.
The first plastic polymer, celluloid, a combination of cellulose nitrate and camphor, was developed in 1869. It was based on the natural polymer cellulose, which is present in plants. Celluloid was used to make many items including photographic film, combs, and men's shirt collars.
In 1909, Leo Baekeland developed the first commercially successful synthetic plastic polymer when he patented phenol formalde-hyde resin, which he named Bakelite. Bakelite was an immediate success. It could be machined and molded. It was an excellent electrical insulator and was resistant to heat, acids, and weather. It could also be colored and dyed for use in decorative objects. Bakelite plastic was used in radio, telephone, and electrical equipment, as well as counter tops, buttons, and knife handles.
Acrylic acid was first prepared in 1843. Methacrylic acid, which is a derivative of acrylic acid, was formulated in 1865. When methacrylic acid is reacted with methyl alcohol, it results in an ester known as methyl methacrylate. The polymerization process to turn methyl methacrylate into polymethyl methacrylate was discovered by the German chemists Fittig and Paul in 1877, but it wasn't until 1936 that the process was used to produce sheets of acrylic safety glass commercially. During World War II, acrylic glass was used for periscope ports on submarines and for windshields, canopies, and gun turrets on airplanes.
Acrylic plastic polymers are formed by reacting a monomer, such as methyl methacrylate, with a catalyst. A typical catalyst would be an organic peroxide. The catalyst starts the reaction and enters into it to keep it going, but does not become part of the resulting polymer.
Acrylic plastics are available in three forms: flat sheets, elongated shapes (rods and tubes), and molding powder. Molding powders are sometimes made by a process known as suspension polymerization in which the reaction takes place between tiny droplets of the monomer suspended in a solution of water and catalyst. This results in grains of polymer with tightly controlled molecular weight suitable for molding or extrusion.
Acrylic plastic sheets are formed by a process known as bulk polymerization. In this process, the monomer and catalyst are poured into a mold where the reaction takes place. Two methods of bulk polymerization may be used: batch cell or continuous. Batch cell is the most common because it is simple and is easily adapted for making diy acrylic key chain sheets in thicknesses from 0.06 to 6.0 inches (0.16-15 cm) and widths from 3 feet (0.9 m) up to several hundred feet. The batch cell method may also be used to form rods and tubes. The continuous method is quicker and involves less labor. It is used to make sheets of thinner thicknesses and smaller widths than those produced by the batch cell method.
We will describe both the batch cell and continuous bulk polymerization processes typically used to produce transparent polymethyl methacrylic (PMMA) sheets.
The mold for producing sheets is assembled from two plates of polished glass separated by a flexible "window-frame" spacer. The spacer sits along the outer perimeter of the surface of the glass plates and forms a sealed cavity between the plates. The fact that the spacer is flexible allows the mold cavity to shrink during the polymerization process to compensate for the volume contraction of the material as the reaction goes from individual molecules to linked polymers. In some production applications, polished metal plates are used instead of glass. Several plates may be stacked on top of each other with the upper surface of one plate becoming the bottom surface of the next higher mold cavity. The plates and spacers are clamped together with spring clamps.
An open comer of each mold cavity is filled with a pre-measured liquid syrup of methyl methacrylate monomer and catalyst. In some cases, a methyl methacrylate prepolymer is also added. A prepolymer is a material with partially formed polymer chains used to further help the polymerization process. The liquid syrup flows throughout the mold cavity to fill it.
The mold is then sealed and heat may be applied to help the catalyst start the reaction.
As the reaction proceeds, it may generate significant heat by itself. This heat is fanned off in air ovens or by placing the molds in a water bath. A programmed temperature cycle is followed to ensure proper cure time without additional vaporization of the monomer solution. This also prevents bubbles from forming. Thinner sheets may cure in 10 to 12 hours, but thicker sheets may require several days.
When the plastic is cured, the molds are cooled and opened. The glass or metal plates are cleaned and reassembled for the next batch.
The plastic sheets are either used as is or are annealed by heating them to 284-302°F (140-150°C) for several hours to reduce any residual stresses in the material that might cause warping or other dimensional instabilities.
Any excess material, or flash, is trimmed off the edges, and masking paper products or plastic film is applied to the surface of the finished sheets for protection during handling and shipping. The paper or film is often marked with the material's brand name, size, and handling instructions. Conformance with applicable safety or building code standards is also noted.
The storage, handling, and processing of the chemicals that make acrylic plastics are done under controlled environmental conditions to prevent contamination of the material or unsafe chemical reactions. The control of temperature is especially critical to the polymerization process. Even the initial temperatures of the monomer and catalyst are controlled before they are introduced into the mold. During the entire process, the temperature of the reacting material is monitored and controlled to ensure the heating and cooling cycles are the proper temperature and duration.
Samples of finished acrylic materials are also given periodic laboratory analysis to confirm physical, optical, and chemical properties.
Acrylic plastics manufacturing involves highly toxic substances which require careful storage, handling, and disposal. The polymerization process can result in an explosion if not monitored properly. It also produces toxic fumes. Recent legislation requires that the polymerization process be carried out in a closed environment and that the fumes be cleaned, captured, or otherwise neutralized before discharge to the atmosphere.
Acrylic plastic is not easily recycled. It is considered a group 7 plastic among recycled plastics and is not collected for recycling in most communities. Large pieces can be reformed into other useful objects if they have not suffered too much stress, crazing, or cracking, but this accounts for only a very small portion of the acrylic display case boxes plastic waste. In a landfill, acrylic plastics, like many other plastics, are not readily biodegradable. Some acrylic plastics are highly flammable and must be protected from sources of combustion.
The average annual increase in the rate of consumption of acrylic plastics has been about 10%. A future annual growth rate of about 5% is predicted. Despite the fact that acrylic plastics are one of the oldest plastic materials in use today, they still hold the same advantages of optical clarity and resistance to the outdoor environment that make them the material of choice for many applications.
With so many options for clear plastic on the market, it is no surprise that lots of people misunderstand the differences between the types. Each type is made in a different way using different materials, which results in many different price points. We've put together this resource page to help sort out some of the most frequently asked questions, like "is acrylic a plastic or a glass?" and "what is the difference between acrylic and plastic?". While acrylic is a plastic, not all plastic is acrylic. The term "acrylic" represents a family of petroleum-based thermoplastics made from the derivation of natural gas. Another common name for acrylic is "polyacrylate" which is one of the most common types. This material is made from Methyl Methacrylate (MMA), Poly Methyl Methacrylate, or a combination of both.
Although the composition is pretty much the same, acrylic has many brand names. Plexiglas was the original trademark name when the Rohm and Haas Company first introduced the product to a mass market, but many others have established their own brand names including Lucite by du Pont and Acrylite by Evonik Cyro LLC. Some other common brands are Perspex, Oroglass, Optix, and Altuglass.Injection molded acrylic is manufactured by injecting acrylic or polymethyl methacrylate material into a mold. This transparent thermoplastic makes a great alternative to glass, which is why it is commonly used to manufacture bakery bins, sunglasses, and display risers. Unlike polystyrene, injection molded acrylic table number plate can be made without the issues of hazing or coloration. Additionally the material is much stronger and has minimal relief markings when removed from the mold. Injection molding takes less labor than hand-crafting, which results in a lower cost.
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Global Methacrylate Monomers Market Research Report 2018
Global Methacrylate Monomers Market Research Report 2018
Summary Market Segment as follows: By Region Asia-Pacific North America
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Europe South America Middle East & Africa By Type Methyl Methacrylate Butyl Methacrylate Ethyl Methacrylate
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Methacrylate Monomer Market Outlook, Growth, 2022-2028
A recent study by the strategic consulting and market research firm BlueWeave Consulting revealed that the global Methacrylate Monomer Market was worth USD 8,089 million in 2021 and is projected to reach up to USD 11,672 million by the year 2028, growing at a CAGR of 5.5% over the analysis period of 2022-2028. The expansion in the global methacrylate monomer market is primarily due to the huge demand from end-user industries such as automotive, architecture & construction, and electronics. Additionally, methacrylate is the building block for a wide range of acrylic applications that are found in various industries worldwide. Moreover, there is no substitute for methacrylate monomer in the market, which is positively influencing the global methacrylate monomer growth.
Rising Demand from Various End-Users Industry Propelling Market Growth of Global Methacrylate Monomer Market
The wide range of applications of methacrylate-based monomers, which are used in different industries, including the automotive sector, is supposed to fuel market growth in the coming years. For instance- Interior accessories such as holders for yachts and sailing boats, acrylic sheets for caravans, window glazing, coatings for automotive topcoats and reconditioning, and interior & exterior panels, trim, bumpers, fenders, and other molded parts can all be made from methacrylate monomer. Apart from that, the rapid expansion of the IT and telecommunication industry has also increased the demand for methacrylate monomer products due to their excellent optical characteristics, such as flexibility and elasticity. For flat panel displays, for example, light-guiding and light-diffusion plates are used. As a result, the worldwide methacrylate monomer market is growing at a rapid pace.
Expansion of Dental and Medical Industry to Enhance Growth of Methacrylate Monomer Market
Methacrylate is also used in various medicinal and dental applications that require high purity and stability. Intravenous (IV) tubing connectors, medical pumps, filter housings, and heart valves are just a few examples of hyperbaric chambers, infant incubators, artificial teeth, dentures, bridges, and dental prostheses. Furthermore, surgeons employ cement containing methacrylate-based polymers and liquid monomers in hip replacements, and dentists use liquid monomer polymerized in situ in white dental fillings. As a result, the rising dentistry and medical industries are driving up demand for methacrylate monomers.
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Impact Of COVID-19 On The Global Methacrylate Monomer Market
Covid-19 had a mixed impact on the global methacrylate monomer market. The market faced a huge loss in terms of revenue due to the emergence of the COVID-19 pandemic. The lockdowns in major countries of the world completely shut down methacrylate monomer industries for several months. COVID -19 had disrupted the supply channels and reduced the workforce in various automotive and IT companies due to social distancing. Also, it lowered the market demand due to decreased per capita expenditure in several countries.
Moreover, the restrictions on movement during lockdown played the main role in lowering the growth of the methacrylate monomer market. However, markets have begun to return to sanity soon after the lockdowns have ended. As a result, there is still a reason to be optimistic about the future. On the other hand, during COVID-19, a huge demand for medical safety and precautions instruments such as medical pumps, IV tubing connectors, etc., was created. This equipment is mainly produced from the methacrylate monomers. This will lead to the rise in demand for the methacrylate monomer, especially in the healthcare and medical sector, consequently accounting for substantial growth of the global methacrylate monomer market.
The Asia-Pacific Region Accounted for the Largest Market Share in Global Methacrylate Monomer Market
In terms of regional analysis of global methacrylate, the monomer market is fragmented into North America, Europe, the Asia-Pacific, Latin America, the Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region accounted for the major market share in 2021. The market growth can be attributed to the growing demand for methacrylate monomers in various applications such as coatings, paints, inks, elastomers, adhesives, and others. This high growth is due to the rising demand from the region's automotive, construction, and aerospace industry. Many methacrylate monomers manufacturers are setting up or expanding their manufacturing bases in the Asia-Pacific to capitalize on the low manufacturing costs. In addition, players are coming up with technological advancement in production coupled with automation, providing and positive edge to the market growth in upcoming years.
Competitive Landscape
The global methacrylate monomer market is a highly competitive market, with all the players continually competing to gain a larger market share. The key players operating in the global methacrylate monomer market are Mitsubishi Chemical, Evonik Industries, Dow Chemical, Eastman Chemical Company, Sumitomo Chemical, LG Chem, Arkema, Hitachi Chemical, Nippon Shokubai, Chi Mei Corporation, BASF SE Esstech Inc., Melrob Group, Fushun Anxin Chemical Co. Ltd., MPD Chemicals LLC, Norquay Technology, GELEST INC., KURARAY CO. LTD., Chi Mei Corporation, Ted Pella Inc. and other prominent players.
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Global Acrylic Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Acrylic Resins can be characterized as a fake sap that is gotten from acrylic corrosive, methacrylic corrosive and acrylate monomers. They are separated into three wide classes-thermoplastic, thermoset and waterborne. Thermoplastic acrylic saps have a high atomic weight and require a lot of natural dissolvable. They are profoundly sturdy and are thusly broadly utilized as topcoats and outside coats. Thermosetting acrylic pitches respond when they are presented to hotness or dampness.
ChemIntel360’s global Acrylic Resins market study is a 200+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and end use industry perspective. The industry is expected to grow at a CAGR of 5.2% mainly due to growing demand for Acrylic Resins from construction as well as automotive industry which is expected to bolster the market over the forecast period.
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They are profoundly safe and don't will generally mellow, in any event, when presented to high temperatures, in contrast to thermoplastics. Acrylic Resins are considerably more steady and solid when contrasted with regular or polymer tars. It is profoundly solid and has thermoformability-the capacity to be warmed, transformed and afterward cooled without exhibiting and actual impacts. Notwithstanding, they are considerably more costly than polyester or normal pitch.
Scope
This study contains global and regional market size data. The numbers are broken down by end use industry (Building and Construction, Packaging, Industrial, Consumer Goods, Paper and Paperboard, Pulp and Paper and Others), by Type (Methacrylates, Acrylates, and Hybrids). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Acrylic Resins market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$16.8 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players:
The major players in the market are DOW, BASF SE, Arkema, Mitsubishi, Nippon Shokubai, DSM, Mitsui Chemicals, Showa Denko Materials, DIC Corporation, and Sumitomo.
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Poly Methyl Methacrylate Price, Monitor, Trend & Market Analysis | ChemAnalyst
Poly Methyl Methacrylate (PMMA), a versatile thermoplastic widely known by its trade names such as Plexiglass, Acrylite, and Lucite, has witnessed dynamic shifts in market prices, driven by a myriad of factors. The PMMA market is intricately linked to the global demand for transparent plastics, making it an essential player in industries ranging from automotive and construction to electronics and signage. Understanding the fluctuations in PMMA prices requires a comprehensive analysis of key determinants.
One primary driver of PMMA market prices is the raw material cost, particularly the prices of methyl methacrylate monomer (MMA), the essential building block of PMMA. MMA is derived from petrochemical sources, and its prices are sensitive to changes in crude oil prices and supply-demand dynamics. Fluctuations in oil prices, geopolitical tensions, and natural disasters can significantly impact the cost of MMA, consequently influencing PMMA market prices. Manufacturers and stakeholders in the PMMA industry closely monitor these external factors to anticipate and adapt to market shifts.
Additionally, the overall economic climate plays a pivotal role in shaping PMMA prices. Periods of economic growth tend to drive increased demand for PMMA products in construction, automotive, and consumer goods, leading to higher prices. Conversely, economic downturns may result in reduced demand, putting downward pressure on PMMA prices. The cyclical nature of the global economy, influenced by factors like interest rates, inflation, and trade policies, underscores the need for industry participants to remain agile in response to changing market conditions.
Technological advancements and innovations also impact PMMA market prices. Continuous research and development efforts in polymer chemistry and processing techniques can lead to cost-efficient production methods, potentially lowering the overall cost of PMMA. As manufacturers implement cutting-edge technologies to enhance production efficiency, these advancements can contribute to price competitiveness within the market.
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Environmental regulations and sustainability considerations are increasingly influencing the PMMA market. As the global focus on eco-friendly materials grows, manufacturers are compelled to invest in sustainable practices and bio-based alternatives to traditional PMMA. While such initiatives align with broader environmental goals, the transition to sustainable practices may initially entail higher production costs, influencing PMMA market prices. However, as sustainability becomes a more significant driver of consumer and industrial choices, the market may witness a shift towards more eco-friendly PMMA products.
Furthermore, regional dynamics and market competition contribute to the variability in PMMA prices. The concentration of PMMA production facilities in specific regions can create supply chain challenges, impacting prices due to logistical considerations. Competition among key players, influenced by factors like capacity expansions, mergers, and acquisitions, can lead to market fluctuations as companies strive to gain a competitive edge.
In conclusion, the Poly Methyl Methacrylate (PMMA) market prices are subject to a complex interplay of factors. From the volatility in raw material costs driven by changes in crude oil prices to economic cycles affecting overall demand, the PMMA industry navigates a dynamic landscape. Technological innovations, sustainability initiatives, and regional dynamics further contribute to the intricate web of influences shaping PMMA prices. As stakeholders in the PMMA market adapt to these multifaceted factors, the industry's resilience and ability to respond to changing conditions will determine its trajectory in the global marketplace. Keeping a keen eye on these interconnected variables is essential for participants in the PMMA industry to make informed decisions and stay competitive in this ever-evolving landscape.
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Acrylic Polymer Emulsion Market- Key Player, Size, Growth, Trends, Demand, Industry Analysis, and Regional Outlook by 2030
Acrylic Polymer Emulsion Market- Key Player, Size, Growth, Trends, Demand, Industry Analysis, and Regional Outlook by 2030
Acrylic Polymer Emulsions are water based polymers and can be manufactured by different monomers such as butyl acrylate, acrylic acid, methyl acrylate, methyl methacrylate, and others. Acrylic Polymer Emulsion is used in various end use industries such as paper & packaging, building & construction, paints & coatings, textile, and others due to its good durability, chalk & alkali resistance, water…
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Impact Modifier Market - Forecast(2022 - 2027)
Impact Modifier market size is forecast to reach US$5.3 billion by 2026, after growing at a CAGR of 5.4% during 2021-2026. Impact Modifiers are a set of additives like Acrylonitrile Styrene Acrylate, that is used to enhance the impact strength and flexibility of an object. Impact modifiers are also added to plastic resins for increasing strength and elasticity in nature. The usage of Chlorinated Polyethylene and Non-reactive Modified Polyolefin in industrial and construction sectors is growing and boosting the demand for Impact Modifiers in the forecast period. The growing demand from the plastic industry along with the increase in usage of plastic in end-use industries like automobile, construction & building, consumer goods, and packaging is also driving the market of impact modifiers. The rapid growth of the electronics industry has increased the demand for printed circuit boards (PCB); thereby, fueling the market growth. Furthermore, the flourishing automotive and aerospace industry is also expected to drive the Impact modifier industry substantially during the forecast period.
COVID-19 Impact
The Coronavirus pandemic has impacted the polymer industry to a great extent stuttering the manufacturing industry. Currently, the core industries such as aerospace, automotive, and energy are highly impacted. Due to social distancing policy, most of the manufacturing plants of aircraft and automobiles were shut down, which declined the production of Impact modifiers. Global auto production was severely hit by the COVID-19 pandemic with a 16% drop in world auto production. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff has declined the market trend. However, the demand for plastic in the healthcare and medical industry for equipment manufacturing will help to raise market trends during the forecast period.
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Impact Modifier Market Report Coverage
The report: “Impact Modifier Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Impact Modifier Market.
By Product Type: ABS (Acrylonitrile Butadiene Styrene), ASA (Acrylonitrile Styrene Acrylate), AIM (Acrylic Impact Modifiers), MBS (Methacrylate-Butadiene- Styrene), EPDM (Ethylene Propylene Diene Monomer), CPE (Chlorinated Polyethylene), MBS (Methacrylate butadiene styrene terpolymer), EVA (Ethylene-vinyl acetate copolymer), Others By Application: PVC, Nylon, PBT, Engineering Plastics, Others By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railways), Building & Construction (Residential, Commercial), Healthcare, Consumer Goods, Electric and Electronics, Food & Beverages, Energy, Oil & Gas, Packaging, Agriculture, Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)
Key Takeaways
Asia-Pacific dominates the Impact Modifier market, owing to the increasing electrical & electronics industry in the region. According to Invest India, the domestic electronics market in India to attain US$400 billion and by 2025.
The growing trend of lightweight vehicles is expected to boost the manufacturing sector in China and banning the import of scrap plastics helps the growth of consumer electronics in turn helps the Impact Modifiers Market growth.
The rapid adoption of Acrylonitrile Butadiene Styrene (ABS) products in the construction industry are supporting the market growth.
Figure: Asia-Pacific Impact Modifier Market Revenue, 2020-2026 (US$ Billion)
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Impact Modifier Market Segment Analysis – By Product Type
The Methacrylate-Butadiene- Styrene (MBS) segment held the largest share in the Impact Modifier market in 2020 and is growing at a CAGR of 5.5% during 2021-2026. Impact Modifier gives high impact strength and elasticity to the finished goods and is mostly used in the construction, consumer goods, and appliances industry. MBS is environmentally friendly which is contributing to the growth of impact modifiers. It helps to soften the rigid plastic and enhance the finished goods. According to the Institution of Civil Engineers, the global construction market is expected to grow by US$ 8 trillion by 2030 driven. The rapid growth in construction activities in China, and India will help the growth of the Impact Modifier Market during the forecast period.
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Impact Modifier Market Segment Analysis – By Application
The PVC segment accounted for approximately 55% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. Impact Modifiers are added to different polymers like Acrylonitrile Butadiene Styrene, Acrylonitrile Styrene Acrylate to improve the durability and toughness of PVC. It is highly demanded in many end-use industries like Packaging, automobile, healthcare, construction. PVC is widely used in flooring, windows, doors, pipes, roofing, blood bags, tubing, wire, and cable insulation due to its low cost, higher durability and gives safety to construction material. The growing demand for engineering plastics such as polycarbonate increasing the demand for impact modifiers in the automotive industry. Engineering plastics helps to reduce the weight of finished goods and enhance the performance giving heat resistance, high durability, and toughness. For instance, according to Boeing, the global aerospace and defense market will be at US$8.7 trillion over the next decade, up from US$8.1 trillion in 2019. In many regions, such as Asia-Pacific, the Middle East, and Africa, stable GDP growth, relatively strong passenger demand, and lower commodity prices are driving the growth of the aerospace industry. As a result, the growing focus across these regions on the aerospace and defense industries is projected to fuel the growth of the global Impact Modifier market over the forecast market.
Impact Modifier Market Segment Analysis – By End-Use Industry
The Packaging segments accounted for approximately 35% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. The increasing demand for plastics packaging is boosting the demand for impact modifiers during the forecasted period owing to their excellent properties like shock resistance, corrosion resistance, anti-static, and mechanical shock absorption. Packaging is important in transportation to preserve the goods. Increasing demand in food packing films, bottles, drug packaging is growing the demand for impact modifiers. Furthermore, the demand for protective packaging in the electric & electronic and medical & Pharmaceutical sectors across the globe is equally helping in the growth of the Impact Modifiers market. According to data presented by Finaria, the number of eCommerce users has been increased by 9.5% every year and hit over 3.4 billion in 2020. Amazon and AliExpress are the highest sellers and covers 75% of the global e-market across the globe. These are some of the driving factors that are helping in the growth of the packaging market which is further growing the demand for impact Modifiers during the forecast period.
Impact Modifier Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Impact Modifier market in 2020 up to 45%, owing to the growth of end-use industries like appliances, packaging, automobile, construction, electric & electronic, and others. The presence of leading appliance manufacturers such as Haier Electronics Group, Gree Electric Appliances, Groupe SEB SA, Panasonic, LG Electronics is driving the market growth in the region. According to Invest India, the auto component sector valued at US$ 49 billion in 2020 and is expected to reach US$ 200 billion by 2026. Thus, with the flourishing automobile industry, there will be an upsurge in the demand for aerospace components, which is anticipated to drive the Impact Modifier market in the Asia-Pacific region.
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Impact Modifier Market Drivers
Increasing Automotive Production
Impact Modifiers are becoming more popular in the automobile sector due to their excellent strength-to-weight ratio. Impact Modifiers are utilized in a variety of applications in the automobile industry, including automobile hoses, diaphragms, dashboards, sealants, wheel arches, and rocket panels. According to the International Trade Administration (ITA), China is the world's largest motor vehicle market and is expected to reach 35 million by 2025 in automotive manufacturing. According to Invest India, the Passenger vehicle industry is expected to grow by 22%- 25% in 2022. Thus, increasing automation production will require more automotive components, which will act as a driver for the Impact Modifier market during the forecast period.
Flourishing Construction Sector
The Asia-Pacific construction sector is the largest in the world and is growing due to the rising population. Infrastructure development is helping in the growth of Impact modifiers which are widely used in flooring, slidings and windows, doors. The Construction industry of Asia Pacific has been growing constantly due to urbanization and the government has launched many projects supporting this. The Construction Industry of India is expected to reach the US $1.4 Trillion by 2025 with an investment of 24% on renewable energy, 19% on roads & highways, 16% on urban infrastructure, and 13% on railways with the 2nd highest FDI investment in 2000-2020.
Impact Modifier Market Challenges
Growing Environment Concern
Environmental concern has always been a major challenge in the impact modifiers market. The increasing demand for eco-friendly products is restraining the growth impact modifier market. Polyvinyl chloride, highly persistent plastic particles release dangerous chemicals into the soil that can drain into groundwater and causes environmental damage. Every year, the world produces more than 400 million tons of plastics of which only 14–18% of plastic waste is formally recycled, and the percentage is much lower in some countries. Thus, growing environmental damage regarding the usage of PVC products can inhibit the growth of the market since plastics (PVC) are non-biodegradable and responsible for land pollution. The national and international organizations are working globally to reduce their usage to an extent.
Impact Modifier Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Impact Modifier market. Impact Modifier market top companies are:
1. Evonik Industries 2. E.I. Du Pont De Nemours & Co. 3. Addivant, Kaneka Corporation 4. Arkema S.A. 5. Mitsubishi Chemical Corporation 6. LG Chem. 7. Mitsui Chemicals Inc. 8. SI Group Inc. 9. Novista Group 10. Indofil Industries Limited and others
Acquisitions/Technology Launches
In January 2021, Dow Chemicals has entered into a partnership with Callaway Golf Company to deliver next-generation golf balls formulated with a PARALOID™ Impact Modifier. The partner ship will strengthen the product portfolio of Dow Chemicals.
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Acrylic Surface Coatings Market
Market Overview
The "Global Acrylic Surface Coatings Market" is expected to grow at a high CAGR of 3.9% during the forecasting period (2021-2028).
Acrylic surface coatings are made up of acrylic or methacrylic polymers with strong color retention properties and strength against damage caused by environmental factors. They act by completely or partially covering the substrate.
The acrylic coatings share increased constantly over the last decade and accounted for nearly 25% of the global paints and coatings market in 2019.
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Market Dynamics
New developments in the applications of acrylic surface coatings are propelling the market growth. Acrylic surface coatings can be used efficiently in industrial insulation applications. Transfer of thermal energy leads to various issues such as increased energy use, heat loss in processing equipment, and a higher incidence of worker injuries through contact with hot substrates. Traditional insulation methods include fiberglass and polyurethane foam, which consist of thick layers of insulation. These methods come with high maintenance and various issues related to corrosion and damages in the production facility.
Besides, increasing consumption of waterborne acrylic surface coatings in waterproofing applications will drive the market further in the forecast period. Waterborne acrylic coatings are the most popular coatings in the weatherproofing of roofs. They have dominated the paints and coatings market in the last two decades, and their market share is increasing, driven by trends and preferences in end-use industries.
On the other hand, growing raw material prices and stringent regulations on paints and coatings hinder the market growth. The major share of acrylic monomers going into the production of PMMA, which is used in applications ranging from the manufacture of aquariums to cell phones and LCDs. This results in a shortage of supply for paint manufactures and eventually leads to increases in coatings' prices.
Segment Analysis
– By Substrate
· Metal*
· Plastic
· Concrete
· Wood and Others
– By Technology
· Waterborne Coatings*
· Solventborne Coatings
· Powder Coatings
· Others
Geographical Analysis
The global acrylic surface coatings market is conquered by the Asia-Pacific region in 2019 with approximately 45% of the total market, followed by North America and Europe with XX% and XX%, respectively. The paints and coatings market in North America and Europe are in a mature stage of production and usage. Thus, emerging economies such as India, China, and Middle East countries show noteworthy growth rates than North America & Europe.
Asia-Pacific has about 62% of the world’s population, which is expected to rise further over the forecast period. This population growth corresponds to a commensurate demand for various facilities such as housing and supporting infrastructure. It also warrants an upgrade in the manufacturing industry’s capabilities. The region is a hub for investments because of the significant growth rates displayed by various end-use industries.
Competitive Landscape
Axalta, BASF, DOW Chemicals, Nippon Paints, PPG, and Sherwin-Williams led the global acrylic surface coatings market. Along with their subsidiaries, these players constitute around 47% of the market in terms of value. The rest of the share is contributed by medium to small-scale localized paint manufacturers who either cater to dedicated customer segments or rely on cheaper formulations to cater to the low-end market requirements.
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Acrylic Polymer Emulsion Industry 2022 Study and Analysis Research Report Forecast To 2030
Acrylic Polymer Emulsions are water based polymers and can be manufactured by different monomers such as butyl acrylate, acrylic acid, methyl acrylate, methyl methacrylate, and others. Acrylic Polymer Emulsion is used in various end use industries such as paper & packaging, building & construction, paints & coatings, textile, and others due to its good durability, chalk & alkali resistance, water resistance, and gloss & tint retention. Acrylic Polymer Emulsion exhibits excellent wet & dry adhesion and dirt pick-up resistance, thus they are widely used in paints & coatings. Acrylic Polymer Emulsion based sound deadener sheets are of less weight relative to asphalt melt sheets, that makes it suitable for manufacturing of automotive parts.
The growing demand for Acrylic Polymer Emulsion Market is mainly attributed to the increased environmental concern resulting in consumers’ preference shift toward eco-friendly paints. Moreover, stringent regulations imposed by governing bodies and environmental agencies is expected to fuel market growth.
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Competitive Analysis:
The major players operating in the Acrylic Polymer Emulsion Market include Celanese Corporation (U.S), Kamsons Chemicals Pvt. Ltd (India), Pexi Chem Private Limited (India), StanChem, Inc. (U.S), The Dow Chemical Company (U.S), Asian Paints Ltd (India), The Lubrizol Corporation (U.S), Xyntra Chemicals B.V. (the Netherlands) and others.
Market Segmentation:
Acrylic Polymer Emulsion is segmented on the basis of application and end use industry. On the basis of application, the market is categorized into coatings, binders, adhesives and others. On the basis of end use industries, Acrylic Polymer Emulsion is segmented into paper & packaging, building & construction, paints & coatings, textile, and others.
Paints & coating sector is expected to hold a larger share as compared to other sectors. Increasing demand for superior quality paints and technology driven coatings is anticipated to augment product demand over the forecast period. Moreover, the Acrylic Polymer Emulsion are not flammable, which reduces its storage and handling charges and fire insurance cost.
Growth in demand of Acrylic Polymer Emulsion based products has been observed due to rising share of acrylic polymer emulsion in textile industry. Increasing population coupled with rise in demand for water resistant clothes is projected to drive the market growth.
Increasing demand for packaging products such as boxes, shipping sacks, paper bags & sacks, and associated materials is expected to drive the market growth. Additionally, rising demand for non-woven fabrics has been observed resulting in the demand for Acrylic Polymer Emulsion Coatings.
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Regional Analysis:
Asia Pacific is estimated to be the largest regional market for acrylic polymer emulsion followed by Europe and North America on account of growing paper & packaging, buildings & construction, and paints & coatings segment. There has been a significant increase in the utilization of acrylic polymer emulsion in emerging countries such as China, India, and Japan is expected to increase acrylic polymer emulsion demand over the forecast period.
Europe is expected to witness a steady growth over the forecast period due to increasing demand from end use industries such as paper & packaging and textile industry. Germany is the prominent country in European acrylic polymer emulsion followed by UK and Italy.
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