Global Glacial Methacrylic Acid
Market Report
2024
Glacial Methacrylic Acid market was valued at USD 1,302.0 million in 2022 and is projected to reach USD 1,789.6 million by 2030, registering a CAGR of 5.1% for the forecast period 2023- 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Glacial Methacrylic Acid market was valued at USD 1,302.0 million in 2022 and is projected to reach USD 1,789.6 million by 2030, registering a CAGR of 5.1% for the forecast period 2023- 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Glacial Methacrylic Acid Market Sales Revenue 2022 | $ 1302 Million |
Global Glacial Methacrylic Acid Market Sales Revenue 2030 | $ 1789.6 Million |
Global Glacial Methacrylic Acid Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Glacial Methacrylic Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Glacial Methacrylic Acid is available in clear, colorless liquid form with a pungent odor. Glacial methacrylic acid is produced from acrylic, methacrylic esters, maleic acid esters, acrylonitrile, vinyl acetate, and other monomers at room temperature. Glacial methacrylic is a pure form of methacrylic acid, which contains monomethyl ether of hydroquinone inhibitors. Glacial methacrylic acid is used for several applications such as paints, coating, textiles, leather, paper manufacturing, automobile, and electronics.
Glacial methacrylic acid is used in the production of polymers and as an additive in alkyl and specialty esters, ionomer resins, and plastic, owing to clarity and weatherability. The use of glacial methacrylic acid improves adhesion and flexibility in polymers or paints and adhesives. For instance, acrylic resin is commonly used in the paint and coatings industry. (Source: American Coatings Association). The share of acrylic usage is high in the paint and coating sector, owing to its binding properties, and offers adhesion. Thus, the rise in the usage of acrylics for paint and coating, drives the demand for glacial methacrylic in paint and coating, with improved functionality, and properties.
Glacial methacrylic acid is used in adhesives, paints, coatings, and printing ink to improve performance. The GMAA offers adhesion, durability, and chemical, moisture resistance, which increases its demand in several sectors. The price of glacial methacrylic acid is increased due to robust demand and reduced availability. The manufacturer of GMAA in Asia is restricted to the export of GMAA TO North America. Thus, the fluctuation in prices, plant shut-down, and restricted GMAA supply limit its availability across end-user sectors. Thus, the limited availability of GMAA, restraints the growth of the market.
At the outset of the COVID-19 pandemic in the spring of 2020, glacial methacrylic acid has a negative impact on the growth of the market due to a shift in demand patterns and changing preferences of consumers during the pandemic. The demand for methacrylic acid in the end-user sector such as the paint, coating, and electronic sector was increasing. Moreover, the companies face inflation, fluctuation in the prices of methacrylic acid. Furthermore, the supply-chain disruption and availability of raw material pose challenges for the manufacturer during the pandemic.
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In March 2023 BASF SE Constructed Acrylic Acid Complex at Zhanjiang Verbund Site in China
BASF SE has opened a new production facility for acrylic acid. The opening of a new facility expanded its production capacity to 100,000 metric tons till 2025.August 2022
Top Companies Market Share in Glacial Methacrylic Acid Industry: (In no particular order of Rank)
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The Asia Pacific holds a significant share of XX% of the market, due to an increase in demand for electronic devices. Methacrylic acid is increasingly adopted in the development of electronic devices. Methacrylic acid uses as building blocks to make a polymer, and plastic is used for electronic devices. The use of methacrylic polymer for LCD screen computers, and other devices adds durability, and resistance to corrosion and increases its shelf life.
The current report Scope analyzes Glacial Methacrylic Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Glacial Methacrylic Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Glacial Methacrylic Acid Industry growth. Glacial Methacrylic Acid market has been segmented with the help of its Application, End User , and others. Glacial Methacrylic Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Application of Glacial Methacrylic Acid analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Glacial Methacrylic Acid Industry. Request a Free Sample PDF!
The paints & coating segment accounts for a significant share of XX% of the market, due to the expansion of the paints and coating industry, and R&D investment done by the manufacturer. The use of sealants, adhesives, and others is increasingly adopted in paints and coating applications. Methacrylic acid has high demand as a polymer in floor coating applications, as it offers rapid solidifying characteristics. For instance, Dow uses glacial methacrylic acid as a copolymer in floor coating. Thus, the rising usage of GMAA in floor coating, boosts the paint & coating segment in the market
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Glacial Methacrylic Acid market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
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I am a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis, I thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making. My analytical mindset, coupled with effective communication skills, allows me to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Glacial Methacrylic Acid Market is witnessing significant growth in the near future.
In 2023, the Polymers segment accounted for noticeable share of global Glacial Methacrylic Acid Market and is projected to experience significant growth in the near future.
The Paint & Coatings segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Dow , KH Chemicals and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Application | Polymers, Ion Exchange, Surface Coating, Flocculants, Adhesives, Others |
End User | Paint & Coatings, Leather, Paper Manufacture, Electronics, and Others |
List of Competitors | Dow, BASF SE, KH Chemicals, and Others |
This chapter will help you gain GLOBAL Market Analysis of Glacial Methacrylic Acid. Further deep in this chapter, you will be able to review Global Glacial Methacrylic Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Glacial Methacrylic Acid Market Trends North America Glacial Methacrylic Acid Technological Road Map North America Glacial Methacrylic Acid Market Drivers North America Glacial Methacrylic Acid Market Restraints North America Glacial Methacrylic Acid Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Glacial Methacrylic Acid market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Polymers have a significant impact on Glacial Methacrylic Acid market? |
What are the key factors affecting the Polymers and Ion Exchange of Glacial Methacrylic Acid Market? |
What is the CAGR/Growth Rate of Paint & Coatings during the forecast period? |
By type, which segment accounted for largest share of the global Glacial Methacrylic Acid Market? |
Which region is expected to dominate the global Glacial Methacrylic Acid Market within the forecast period? |
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