FORT WORTH, Texas, June 23, 2015 /PRNewswire/ --
According to the new Market Research Report "Global Methyl Acrylate Market by Application (Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textile, Others), by Geography - Analysis and Forecast to 2019", The global methyl acrylate market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to grow to $359.2 million by 2019, at a CAGR of 4.3% between 2014 and 2019.
Browse through the TOC of Global Methyl Acrylate Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
Early buyers will receive 10% customization on this report.
Methyl acrylate is used in the manufacturing 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 significant advantage as an additive. It is also used as the starting block for anti-oxidants and amino esters.
Asia-Pacific is the most promising chemical market, and building & construction industry sees a high potential in this market. It also acts as a substitute for high-performance emulsions, which are used extensively in the manufacturing sector.
The major reasons for the increasingly growing demand of methyl acrylate is due to rising demand in the emerging markets such as the adhesive, automotive, engineering, detergent, textiles, and packaging market. To increase the demand 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.
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Key Players of the Global Methyl Acrylate Market include:
Arkema S.A. (France), LG Chem Ltd. (South Korea), BASF-YPC Co., Ltd. (China), Shanghai Huayi Acrylic Acid Co., Ltd. (China), Chinese National Offshore Oil Corporation (China), CJSC Sibur Holding (Russia), Zhejiang Satellite Acrylic Acid (China), and Nippon Shokubai Co., Ltd. (Japan).
The current market size in terms of value of the global maleic anhydride market is about $3032.5 million and is estimated to reach a value of $4,286.1 million by 2019, at a CAGR of 7.2% from 2014 to 2019. The high demand across the industries will increase the overall maleic anhydride consumption.
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