In February 2022, Mitsubishi Chemicals Corporation announced its decision to transfer all shares of Lucite International Japan Co., Ltd., specializing in the production of acrylic composite materials, to Midorikawa Chemical Industry Co., Ltd. is part of portfolio reform based on Mitsubishi Chemical Corporation's management policy.
In May 2023, Evonik announced that it has chosen a new distribution structure for its VISIOMER specialty methacrylates to meet the growing demand of the Indian market and has therefore developed a partnership strategic partnership with leading chemical distribution organizations Vimal Intertrade and Nordmann. With this agreement, Evonik aims to strengthen its position as a leading supplier of specialty methacrylate solutions and, together with its distribution partners, ensure personalized and efficient support. results for your customers.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3790
Published Date: Nov 03, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are surge use of acrylate monomer in automotive sector, increasing demand for water based adhesives in textile sector and increasing demand for eco-friendly and sustainable products.
The market size of enhanced geothermal systems is anticipated to attain a CAGR of 5.8% over the forecast period, i.e., 2023-2035.
The major players in the market are Synthomer plc, Mitsubishi Chemical Group Corporation, Nippon Shokubai, Guang Dong Huiquan Lianjun, Alfa Chemistry, Sinocure Chemical Group Co., Limited., and others.
The paint & coating segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.