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Methyl Acrylate Market is Projected to Reach $359.2 Million by 2019

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Methyl acrylate is an organic compound, mainly used for making acrylate fiber that is used to weave synthetic carpets. It is a colorless and volatile liquid with a characteristic acrid odor that is produced by acid-catalyzed esterification of acrylic acid.

Methyl acrylate is majorly used in plastics, especially in industrial sectors such as packaging, automotive, engineering. Moreover, methyl acrylate is an important component in the food packaging, plastic, textile, and detergent industries. It is commonly used in chemical industries in North America, Europe, Asia-Pacific, and Rest of the World (ROW).

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The global methyl acrylate market size is projected to reach $359.2 million by 2019 from $291.3 million in 2014, at a CAGR of 4.3% between 2014 and 2019. The rising demand for surface coatings, increasing consumption in emerging economies, growing demand acrylate from end-user industries, and its suitability for various applications are some of the key factors driving the global methyl acrylate market.


The key companies operating in this 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).


The increasing consumption in end-use applications and growing demand from elastomers, water treatment, acrylic fiber, and technical polymer sectors is driving the global methyl acrylate market.

Asia-Pacific accounted for the largest consumption share of 45% of methyl acrylate market in 2014. The methyl acrylate market is projected to witness high growth in terms of value and volume between 2014 and 2019.

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On the basis of application, the global methyl acrylate market has been segmented into surface coatings, adhesives & sealants, plastic additives, detergents, textiles, and others. The surface coating segment held the largest share of 35.6% in 2014. This segment would continue to dominate the market, although the detergents segment is expected to grow at the highest CAGR of 4.4% during the forecast period of 2014-2019.

Used In:
  • Copolymers for adhesives and plastics
  • Manufacture of anti-oxidants and amino esters

Advantages:
  • Flexibility
  • Weatherability
  • Adhesion
  • Internal Plasticization
  • Range Of Hardness
  • Resistance To Abrasion And Oils Or Greases

Availability:
  • Asia Pacific
  • Europe
  • Latin America
  • North America

The report covers an in-depth market share analysis of the top companies, that have been calculated based on revenue. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts as well as key opinion leaders, such as CEOs, directors, and marketing executives.
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