November 29, 2022

The global methacrylic acid market size is expected to surge rapidly during the forecast period. Its increasing applications in electronics, construction, and automobiles are likely to propel the market growth. Fortune Business Insights™ mentions this information in its report titled “Methacrylic Acid Market, 2021-2028.

Methacrylic acid is a colorless and organic compound with an unpleasant odor. It is soluble in organic solvents and lukewarm water. It is manufactured on a large scale. It is a predecessor to polymethyl methacrylate (PMMA), methyl methacrylate, and others. Methacrylic acid is also used as an adhesive material in electronics, display panels, window panes, and others. It is used in some nail primers because of its efficiency. Therefore, its increasing adoption is likely to propel market growth in the upcoming years.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/methacrylic-acid-market-104208

Updated Automotive Fluids Market News and Forecast Analysis

The Automotive Fluids Market is a successful enterprise that employs a large number of people and has a significant impact on the global economy. Many readers of this newsletter may be interested to know the trends that will influence the Automotive Fluids Market in the near future. This article provides a summary of some of these trends, including a few perspectives related to their relevance.

Segments

By type, the market is segmented into glacial and liquid. Based on application, it is classified into special additives, paints, adhesives, rubber, electronics, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

Highlights of the Report

  • The report provides an analysis of the leading segments and the recent market trends. 
  • It comprehensively studies the driving and restraining factors and the impact of COVID-19 on the market.
  • This report examines the strategies developed by the key players and the regional developments.

Drivers and Restraints

Robust Demand from End-Use Industries to Bolster Market Growth

The demand for methacrylic acid is expected to increase because of its adoption in the automobile, construction, and electronics industry. It is extensively used as an adhesive solution for fitting TV and smartphone display panels, window panels, light panels, and coating and paints. It is used in the automotive sector to make the vehicle lighter in weight and extremely energy efficient. Therefore, the rising adoption of methacrylic acid is expected to boost its product demand. It is used to make fibers, resins, plastic sheets, and other materials due to its durability, resistance, and lightweight properties. Thus, this factor is responsible for driving the methacrylic acid market growth.

However, methacrylic acid is extremely harmful to skin on direct contact because of its corrosiveness and bad effects on skin and eyes, which, in turn, can hamper the market growth.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/methacrylic-acid-market-104208

Scope of the Report:
An in-depth analysis of statistics on current and emerging trends provides clarity regarding Methacrylic Acid Market dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Methacrylic Acid Market research data of various companies, benefits, gross margin, global Methacrylic Acid Market strategic decisions, and more through tables, graphs, and figures. infographics.

Regional Insights

Surge in Manufacturing of Electronic Devices to Propel Market Growth in Asia Pacific

Asia Pacific is projected to dominate the methacrylic acid market share due to the spike in manufacturing activities of electronic devices. Thus, this factor is expected to propel market growth.

In Europe, the rising adoption of the lightweight automobile from the transport and automotive sectors is likely to boost methacrylic acid’s demand. Hence, this factor is likely to bolster market growth.

In North America, strict vehicle emission rules imposed by the EPA are likely to boost demand for methacrylic acid, which, in turn, can boost the market growth.

Inquiry before buying:

Competitive Landscape

Companies to Devise Partnership Strategies to Enhance their Market Position

The prominent companies engage in partnership with crucial players to produce innovative products. This strategy can reinforce their market stance. The prominent companies incorporate advanced production methods to enhance their production cycle. For example, several companies used automation in production because of the stringent regulations against manufacturing activities. This strategy enabled the companies to produce high-quality products and eliminate the need for extensive manual labor. In addition, the companies have devised expansion strategies to enhance their global reach in the market. 

Industry Development

  • April 2021: The Sherwin William Company added methacrylic acid as an acid fit for food contact substance (FCS). This was approved under the FDA based on all safety test and measures to test the acid’s compatibility with food products.

List of Key Players Profiled in the Methacryclic Acid Market Report

  • Dow
  • Evonik
  • Formosa
  • Kuraray
  • MGC
  • Satlpec
  • Hefa Ind
  • BASF
  • MRC

Read Related News:

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

LinkedInFacebookTwitter