Methyl Acrylate Market to grow to $359.2 million by 2019
Recently conducted research has estimated that the Methyl Acrylate market is estimated to grow to $359.2 million by 2019, at a CAGR of 4.3% between 2014 and 2019.
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Major application of Methyl acrylate includes production of surface coatings, elastomers, adhesives, thickeners, plastics, textiles, and inks. It also acts as a reagent in the synthesis of various pharmaceuticals intermediates. The highest demand for methyl acrylate comes from the food packaging and plastic industry where it offers notable advantage as an additive. It is also used as the starting block for anti-oxidants and amino esters.
Asia-Pacific is the most favourable chemical market, and building & construction industry sees a high end user in this market. It also acts as a replacement for high-performance emulsions, which are used extensively in the manufacturing sector.
The major reasons for the continuously surging demand of methyl acrylate is due to surging demand in the emerging markets such as the adhesive, automotive, engineering, detergent, textiles, and packaging market. To continue the trend further, leading market players have adopted the expansion strategy. In 2014, the surface coatings application segment led the global methyl acrylate market, followed by adhesives & sealants application.
The statistics are estimated by the report ‘Methyl Acrylate Market Research Report; By Application & Geography 2019’
The report covers the global methyl acrylate market, which has been segmented on the basis of application and ingredient. The major applications of methyl acrylate are surface coatings, adhesives & sealants, detergents, textiles, and plastic additives. By ingredient, the market has been divided into crude oil and propylene. Major regions covered in this report are Asia-Pacific, North America, Europe, and Rest of the World.
This report includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Read more about the research at – http://www.micromarketmonitor.com/market-report/methyl-acrylate-reports-3900831043.html