Global Allyl Methacrylate Market Size To Worth USD 428.7 Million by 2033 | CAGR of 4.84%
Category: Chemicals & MaterialsGlobal Allyl Methacrylate Market Size To Worth USD 428.7 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global Allyl Methacrylate Market Size is Expected to Grow from USD 267.3 Million in 2023 to USD 428.7 Million by 2033, at a CAGR of 4.84% during the forecast period 2023-2033.
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Browse key industry insights spread across 245 pages with 120 Market data tables and figures & charts from the report on the "Global Allyl Methacrylate Market Size, Share, and COVID-19 Impact Analysis, By Purity (High Purity, Low Purity, and Others), By Application (Coatings, Adhesives, Rubber, Plastics, and Others), By End-User (Construction, Automotive, Packaging, Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/allyl-methacrylate-market
The global allyl methacrylate market encompasses all economic operations involving the manufacturing, distribution, and consumption of allyl methacrylate, a chemical substance utilized as a monomer in the creation of a wide range of polymers and resins. Allyl methacrylate is a colorless, volatile liquid with a distinctive odor. Its aroma has been characterized as aromatic, fruity, acrid, pungent, or onion-like. Furthermore, developing industry trends such as the transition to sustainable manufacturing techniques and the increasing need for high-performance materials are altering the environment and opening up new avenues for investigation. Environmental regulations have led to an increase in demand for superior coatings and adhesive materials, which is driving market expansion. However, a lot of variables can impede the worldwide allyl methacrylate market, including volatility in raw material prices that affect manufacturing costs and pricing. In some applications, allyl methacrylate performance may be limited by technical considerations such as adherence and durability.
The high purity segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the purity, the allyl methacrylate market is divided into high purity, low purity, and others. Among these, the high purity segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Its popularity stems from its use in high-performance applications such as pharmaceuticals, electronics, and specialist coatings. These sectors rely on high-quality raw materials to ensure particular chemical reactions and reliable product performance, which increases demand for high-purity AMA, despite its higher cost when compared to lower purity grades.
The adhesives segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the allyl methacrylate market is divided into coatings, adhesives, rubber, plastics, and others. Among these, the adhesives segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. AMA enhances adhesion strength, durability, chemical resistance, flexibility, and impact resistance in adhesives used in a wide range of sectors, including automotive, construction, and electronics.
The automotive segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.
Based on the end user, the allyl methacrylate market is divided into construction, automotive, packaging, electronics, and others. Among these, the automotive segment accounted for the majority of the shares in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. Allyl methacrylate-based polymers help to build lighter cars, resulting in increased fuel efficiency and lower emissions. They also increase vehicle durability by being extremely resistant to heat, chemicals, and wear and tear.
Asia-Pacific is estimated to hold the largest share of the allyl methacrylate market over the forecast period.
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Asia-Pacific is estimated to hold the largest share of the allyl methacrylate market over the forecast period. The region's expanding industrialization, along with the presence of big manufacturing hubs, is fueling unprecedented growth. China, India, and Japan are seeing considerable growth in industries such as automotive, electronics, and construction, resulting in increased demand for AMA. Increased manufacturing of consumer electronics and the expansion of the automotive industry in these nations are critical to market growth.
Europe is predicted to have the fastest CAGR growth in the allyl methacrylate market over the forecast period. Germany, France, and the United Kingdom are key market contributors due to excellent industrial capabilities and a focus on innovation. The rising production of electric vehicles, combined with the automotive industry's emphasis on lightweight materials, is fuelling demand for AMA in Europe.
Major key players in the Allyl Methacrylate market include Nippon Shokubai Co., Ltd., Asahi Kasei Corporation, Mitsubishi Chemical Corporation, Dow Inc., Lucite International Ltd., SABIC (Saudi Basic Industries Corporation), BASF SE, Mitsui Chemicals, Inc., Sumitomo Chemical Co., Ltd., LG Chem Ltd., Kuraray Co., Ltd., Evonik Industries AG, Arkema Group, Eastman Chemical Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Allyl Methacrylate market based on the below-mentioned segments:
Global Allyl Methacrylate Market, By Purity
- High Purity
- Low Purity
- Others
Global Allyl Methacrylate Market, By Application
- Coatings
- Adhesives
- Rubber
- Plastics
- Others
Global Allyl Methacrylate Market, By End-User
- Construction
- Automotive
- Packaging
- Electronics
- Others
Global Allyl Methacrylate Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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