Methyl Acrylate Market Segmentation:
Purity Grade Segment Analysis
<99% segment for methyl acrylate market is anticipated to hold the largest share of 56% during the forecast period. The demand for methyl acrylate spans a wide range of industries, including automotive, construction, textiles, packaging, and electronics, and is propelling the growth of the segment. For instance, in 2022, the automobile manufacturing sector brought in about 2.52 trillion dollars in sales. Also, in numerous applications, especially in polymerization, adhesive, coatings, and chemical synthesis, high purity levels may not be necessary. Also, these purity grades of methyl acrylate are typically more cost-effective compared to higher purity grades.
Application Segment Analysis
Adhesives & sealants segment in the methyl acrylate market is poised to hold a share of 35% by the end of 2035. Adhesives and sealants are widely utilized in the construction sector for a variety of purposes, including structural bonding, flooring, roofing, and insulation. The need for adhesives and sealants to suit the needs of building and infrastructure projects is rising due to the world's fast urbanization and construction activity. Additionally, adhesives and sealants are essential in the production of wound care items, pharmaceutical packaging, and medical devices. Green adhesives and sealants made from renewable resources and featuring reduced volatile organic compounds (VOCs) and enhanced recyclable properties are becoming more and more popular due to growing environmental restrictions and consumer preferences for eco-friendly products.
Our in-depth analysis of the global methyl acrylate market includes the following segments:
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Purity Grade |
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Application |
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