The Acrylic Monomers Market report meticulously evaluates various scopes such as estimating the potential market for a new product, gauging consumer reactions to specific products, identifying overarching market tendencies, delineating customer profiles, and dissecting dimensions of marketing challenges. This comprehensive study caters to diverse market landscapes, tailoring solutions to meet client needs and unearth intricate market trends. A dedicated team comprising enthusiastic analysts, skilled researchers, and seasoned forecasters collaborates meticulously to craft these insightful market reports. Key data and information utilized in this Acrylic Monomers Market report is sourced from reliable outlets including journals, websites, research papers, case studies, and magazines.
This Acrylic Monomers Market report doesn't just offer market insights; it provides a panoramic view of the marketplace. Insights into competitor strategies, encompassing new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, serve as invaluable tools for businesses to enhance their strategies for selling goods and services. Additionally, the report furnishes an in-depth overview of product specifications, technology, product types, and production analysis, considering critical factors like Revenue, Cost, Gross, and Gross Margin. Structured precisely to cater to customer requirements, this global market research report is a comprehensive resource aligned with the needs of the market.
Data Bridge Market Research analyzes that the global acrylic monomers market is expected to reach USD 8,968,297.16 thousand by 2031, which is USD 6,306,373.18 thousand in 2023, registering a CAGR of 4.52% during the forecast period of 2024 to 2031.
Definition
Acrylic monomers are those compounds that contain acrylic acid, and the related compound called acrylates. The compound which is named acrylic is mainly an acrylate or acrylic acid or polymer. Acrylic monomers are highly reactive chemicals. Acrylic monomer liquids are generally used with polymer powder to produce long-lasting acrylic nails. Acrylic monomers contain ethyl methacrylate (EMA), owing to their maximum strength, rapid implementation, and superior adhesion properties.
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Key Growth Drivers:
Positive outlook toward paints and coating industry
The paints and coatings industry holds a positive outlook with respect to the acrylic monomer market, driven by various factors and applications that contribute to its growth. One of the primary drivers behind the positive outlook for the paints and coatings industry is the extensive use of acrylic monomers, specifically N-butyl acrylate. These monomers serve as essential building blocks for copolymers used in the formulation of paints and coatings. These properties include the ability to form hydrophobic polymers, which are crucial for creating coatings that provide protection and durability. This property makes them particularly valuable in the formulation of coatings, where water resistance and durability are essential. Methacrylate, another essential acrylic monomer derived from methacrylic acid, enjoys widespread usage in diverse applications, including computer screens and paints.
Increasing spending in the construction sector
The construction sector stands as a vital pillar of global economic development, shaping the skylines of cities and laying the foundation for infrastructure growth. The surge in construction spending is primarily attributed to the growing urbanization and population expansion. With more people moving to cities, there is an escalating demand for residential, commercial, and infrastructure development. Governments and private investors are pouring substantial funds into construction projects to meet these demands. This surge in construction activity serves as a catalyst for the acrylic monomer market.
The report emphasizes the participation of key entities, notably:
- Pallav Chemicals (India)
- Chirag Enterprise (India)
- DHALOP CHEMICALS (India)
- B JOSHI AGROCHEM PHARMA (India)
- BASF SE (Germany)
- Arkema (France)
- Mitsubishi Chemical Group Corporation (Japan)
- DOW (U.S.)
- LG Chem (South Korea)
- Evonik Industries AG (Germany)
- NIPPON SHOKUBAI CO., LTD. (Japan)
- Bharat Petroleum Corporation Limited (India)
- LobaChemie Pvt Ltd. (India)
- Solventis (U.K.)
- Tokyo Chemical Industries Co., Ltd. (Japan)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Acrylic Monomers market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
Product (Acrylate, Acrylic Acids and Salts, Bisphenol Acrylics, Polyfunctional Acrylics, Fluorinated Acrylics, Acrylonitrile, Acrylamide and Methacrylamide, Malemide, Carbohydrate Monomers, Others), Application (Plastic, Adhesives and Sealants, Synthetic Resins, Acrylic Fibers, Building Materials, Fabrics, Acrylic Rubber, Others), End Use (Paints and Coatings, Building and Construction, Automotive, Consumer Goods, Packaging, Water Treatment, Marine, Aerospace, Others)
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