Global Methyl Acrylate Market is Estimated to Grow at A CAGR of 4.3%

Date: 2015-08-17

“The global methyl acrylate market is estimated to grow at a CAGR of 4.3% between 2014 and 2019. Asia-Pacific held the largest share of the methyl acrylate market, while the North American market is expected to grow at the highest CAGR of 3.8% during the forecast period of 2014 to 2019. 

In this report, the global methyl acrylate market has been classified on the basis of application and geography. The applications covered in the report include surface coatings, adhesives & sealants, detergents, textiles, plastic additives, and other applications.

The surface coating application segment is the fastest-growing application at a CAGR of 4.4% between 2014 and 2019. Various factors such as increasing methyl acrylate plant capacity, increasing consumption in the emerging markets, growing demand from the end-user industries, and suitability for various applications is driving this segment.

The global methyl acrylate market is a competitive market with a number of market players. As of 2014, the global methyl acrylate market was majorly dominated by 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). Plant capacity expansion and mergers & acquisitions are the major strategies adopted by most of the market players to achieve growth in the methyl acrylate market.

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