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CHEMICALS AND ADVANCED MATERIALSDISCOUNT VALID TILL 31st-JANUARY , 2022

Specialty Monomers Market Segmentation by Type (Acrylate Monomers, Methacrylate Monomers, Acrylamide Monomers, and Others); and by End Use (Paints & Coatings, Adhesives & Sealants, Automotive, Pulp & Paper, Water Treatment, Personal Care, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Extensive insights into the Growth of Specialty Monomers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • September 2021- Mitsubishi Gas Chemical Company, Inc. announced the expansion of Meta-xylenediamine (MXDA) production in Europe to meet the growing demand for epoxy, polyamide and isocyanate.

  • June 2019- Japanese companies Nippon Shokubai and Sanyo Chemical Industries entered into a basic agreement on a merger of equals to form a holding company and centralize their corporate functions.

Global Specialty Monomers Market Highlights Over 2022 - 2031

The global specialty monomers market is estimated to garner a hefty amount of revenue by growing at a notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing demand for specialty monomers in paints & coatings industry, and rising usage of these materials for making adhesives. Along with these, specialty monomers have built-in functionality that helps in customizing the functional design of polymers to meet specific physical, chemical, and performance requirements of a product. This in turn is projected to offer ample growth opportunities to the market in the upcoming years. Furthermore, increasing sales and technological advancements in the chemicals industry, and development of new manufacturing processes for specialty monomers are also expected to drive market growth in the near future. In 2020, Asia Pacific accounted for the highest sales of chemicals across the world, amounting for about USD 2 trillion, followed by Europe with a sale of about USD 690 billion.

Specialty Monomers Market Graph

The market is segmented by end use into paints & coatings, adhesives & sealants, automotive, pulp & paper, water treatment, personal care, and others, out of which, the paints & coatings segment is anticipated to hold the largest share in the global specialty monomers market. This can be accounted to the high usage of specialty monomers in the industry to improve chemical and physical properties in acrylic polyols, caprolactone monomers, printing plates, adhesives and thermosetting paints. Apart from these, low volatility and low to high range of molecular weight of these monomers is also predicted to raise its utilization in the coatings industry in the future. Additionally, on the basis of type, the acrylate monomers segment is assessed to grab the largest share during the forecast period owing to the high resistance to acids and excellent abrasion properties of acrylate monomers. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Specialty Monomers Market Regional Synopsis

Regionally, the global specialty monomers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth and gather the largest share over the forecast period on the back of the increasing demand for specialty monomers in the paints & coatings sector. In addition, high manufacturing output, and rapidly rising demand of the product from construction sector as a result of growing population are also expected to boost the market growth in the region in the near future. According to the World Bank, the population of South Asia in 2020 was valued at 1.857 billion, up from 1.836 billion and 1.814 billion in 2019 and 2018 respectively. Moreover, the market in Europe is also anticipated to acquire notable share during the forecast period, which can be credited to the staggering demand for the material from automotive industry in the region.  

Specialty Monomers Market Share Image

The global specialty monomers market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global specialty monomers market includes the following segments:

By Type

  • Acrylate Monomers
  • Methacrylate Monomers
  • Acrylamide Monomers
  • Others

By End Use

  • Paints & Coatings
  • Adhesives & Sealants
  • Automotive
  • Pulp & Paper
  • Water Treatment
  • Personal Care
  • Others

Growth Drivers

  • Growing Demand for Specialty Monomers in Paints & Coatings Industry
  • Rising Usage of these Materials for Making Adhesives

Challenges

  • Stringent Regulations Regarding the Manufacturing of Specialty Monomers

Top Featured Companies Dominating the Market

  • Mitsubishi Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Evonik Industries AG
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Sumitomo Corporation
  • LG Chem Ltd.
  • Arkema S.A.
  • Hitachi Chemical Co., Ltd.
  • MPD Chemicals LLC
  • Nippon Chemical Industrial Co., Ltd.

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