Global Allyl Methacrylate Market Insights Forecasts to 2033

• The Global Allyl Methacrylate Market Size was estimated at USD 267.3 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.84% from 2023 to 2033
• The Worldwide Allyl Methacrylate Market Size is Expected to Reach USD 428.7 Million by 2033
• Europe is expected to Grow the fastest during the forecast period.

The Global Allyl Methacrylate Market Size is expected to cross USD 428.7 Million by 2033, Growing at a CAGR of 4.84% from 2023 to 2033. The global allyl methacrylate market offers considerable growth opportunities, considering its versatile applications in the automotive, construction, and electronics sectors. Key factors driving this growth include increased demand for high-performance materials, manufacturing technology advancements, and an emphasis on sustainability.

Market Overview

The global allyl methacrylate market is the sum of all the worldwide commercial activities involving the production, distribution, and consumption of allyl methacrylate, a chemical compound used as a monomer in the manufacture of a wide variety of polymers and resins. Allyl methacrylate is a colorless, volatile liquid that possesses a characteristic odor. Its odor has been described as fragrant, fruity, acrid and pungent, or onion-like. Allyl methacrylate is used for the manufacturing of plastics and resins by cross-polymerization. The need for allyl methacrylate originates principally from its vital role in the production of specialist polymers, adhesives, and sophisticated coating materials. The demand for allyl methacrylate-based material in infrastructure and construction projects is driven by the world's rising urbanization and industrialization both of which provide superior performance. Advances in polymer research and technology as well as an increasing emphasis on sustainable materials all affect adoption. Tight environmental rules and regulatory assistance for environmentally friendly products benefit the market by encouraging producers to develop more environmentally friendly products.

Report Coverage

This research report categorizes the allyl methacrylate market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the allyl methacrylate market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the allyl methacrylate market.

Driving Factors

The increasing demand for high-performance polymers is one of the primary drivers of the market for allyl methacrylate. These polymers are made of AMA and are used in a variety of industries including automotive aerospace electronics medical devices and aerospace. AMA-based polymers offer superior chemical resistance thermal stability and mechanical strength making them ideal for applications in harsh environments. Furthermore, emerging market trends such as the shift to sustainable manufacturing processes and the growing demand for high-performance materials are reshaping the landscape and offering new opportunities for exploration. Key factors driving market growth include the increased demand for better coatings and adhesive products as a result of environmental regulations.

Allyl methacrylate is used in a variety of industries including construction electronics and personal care products. In the construction industry high-performance coatings and adhesives are used to create high-quality coatings with excellent adhesion and durability. The electronics industry uses AMA in the production of resins for circuit boards and encapsulation materials. Additionally, personal care manufacturers use its properties to create long-lasting cosmetic products. As more sectors embrace innovative materials the allyl methacrylate market is poised for long-term growth, aided by changing consumer preferences and industrial demands.

Restraining Factors

The global allyl methacrylate market can be hampered by a variety of factors, including fluctuations in the prices of raw materials used in allyl methacrylate production that can affect manufacturing costs and pricing. In certain applications allyl methacrylate's performance may be restricted by technical factors such as adhesion and durability. Moreover, manufacturers face challenges in meeting environmental regulations and safety standards when handling or using allyl methacrylate.

Market Segmentation

The allyl methacrylate market share is classified into purity, application, and end-user.   

• The high purity segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

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 greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth can be attributed to its importance in high-performance applications such as pharmaceuticals, electronics, and specialized coatings. These industries require high-quality raw materials to ensure specific chemical reactions along with consistent product performance, which drives demand for high-purity AMA, despite its higher cost when compared to lower purity grades.

• The adhesives 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 application, the allyl methacrylate market is divided into coatings, adhesives, rubber, plastics, and others. Among these, the adhesives segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. The adhesives segment is an important and rising application for allyl methacrylate (AMA), owing to its potential to improve adhesive qualities. AMA helps improve adhesion strength, durability, chemical resistance, flexibility, and impact resistance in adhesives used in a variety of industries, including automotive, construction, and electronics.

• The automotive segment held the largest share in 2023 and is estimated to grow at the fastest CAGR during the predicted timeframe.

Based on the end user, the allyl methacrylate market is divided into construction, automotive, packaging, electronics, and others. Among these, the automotive segment held the largest share in 2023 and is estimated to grow at the fastest CAGR during the predicted timeframe. Allyl methacrylate-based materials contribute to the development of lighter cars, which allows for lightweighting, higher fuel efficiency, and lower emissions. They also improve vehicle durability by being highly resistant to heat, chemicals, and wear and tear. Furthermore, these materials are critical in achieving tight regulatory standards for fuel efficiency, emissions, and safety, as well as catering to rising consumer demand for high-performance, fuel-efficient, and safe automobiles.

Regional Segment Analysis of the Allyl Methacrylate Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is anticipated to hold the largest share of the allyl methacrylate market over the predicted timeframe.

Asia-Pacific is anticipated to hold the largest share of the allyl methacrylate market over the predicted timeframe. The region's growing industrialization, combined with the presence of large manufacturing hubs, drives tremendous growth. China, India, and Japan are witnessing significant growth in industries such as automotive, electronics, and construction, which is pushing up demand for AMA. The increased manufacturing of consumer electronics and the expansion of the automotive industry in these countries are particularly important to market growth. Furthermore, the increase in infrastructure development projects and a growing emphasis on sustainable construction materials are likely to drive up demand for AMA in the Asia Pacific area.

Europe is expected to grow at the fastest CAGR growth of the allyl methacrylate market during the forecast period. Germany, France, and the United Kingdom are significant market contributors because to their superior manufacturing skills and emphasis on innovation. The increased manufacturing of electric vehicles, as well as the automotive industry's emphasis on lightweight materials, are driving demand for AMA in Europe. Furthermore, the region's emphasis on sustainable construction and the use of high-performance materials in infrastructure projects are likely to drive market expansion. The European AMA market is expected to grow at a solid CAGR, due to these positive trends and advancements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the allyl methacrylate market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• 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