Dublin, Oct. 31, 2022 (GLOBE NEWSWIRE) — The “Methacrylate Monomers Market by Derivatives, by End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031” Report has been added ResearchAndMarkets.com Offer.
The global methacrylate monomer market was valued at US$10.1 billion in 2021 and is projected to reach US$16.2 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
Methacrylate monomers are common industrial monomers that easily form polymers due to their highly reactive double bonds. There are various derivatives of methacrylate monomers such as methyl methacrylate, butyl methacrylate, ethyl methacrylate, allyl methacrylate, glycidyl methacrylate, cyclohexyl methacrylate, stearyl methacrylate and others. They find application in a variety of end-use sectors including automotive, architectural, paints and coatings, electronics, and others.
Population growth coupled with rapid urbanization has fueled the growth of architecture and construction sectors in both developed and developing economies such as the US, China, India and others where methacrylate monomers are widely used as binders for concrete admixtures and reactive roads. accelerates manufacturing, industrial flooring and liquid caulking applications. This is expected to boost demand for methacrylate monomers in the growing construction sector. In addition, factors such as increasing disposable income, technological upgrades, and the increasing number of original equipment manufacturers (OEMs) have meant that the automotive sector is experiencing significant growth, where methacrylate monomers are used to manufacture automotive paints, illuminated light displays, and others. This can boost the growth of the methacrylate monomers market over the forecast period.
However, there are several side effects associated with the use of methacrylate monomer. For example, exposure to methacrylate monomer causes moderate skin irritation and slight eye irritation. Also inhalation…
