Global Benzyl Methacrylate Market: Overview

Methacrylate is a salt or ester of methacrylic acid, which functions as a carboxylic acid and is used to produce benzyl methacrylate. Benzyl methacrylate is a colorless transparent liquid with a distinctive odor. It is insoluble in water and possesses the capacity of polymerizing under sunlight and heat. C11H12O2 is the molecular formula of benzyl methacrylate. It is also known as 2-Propenoic acid, 2-methyl-, phenylmethyl ester; methacrylic acid benzyl ester; benzyl 2-methylprop-2-enoate; and phenylmethyl 2-methylprop-2-enoate. These esters are versatile chemicals acting as co-monomers to produce a variety of plastic products. Benzyl methacrylate is used in various applications in acrylic & polyester resins, adhesives & sealants, industrial coatings, inks & toners, and composites.

Global Benzyl Methacrylate Market: Drivers and Restraints

The global benzyl methacrylate market is primarily driven by the increase in demand for these esters in end-use industries. Polymerized benzyl methacrylate offers excellent characteristics such as high impact resistance, high hardening stability, low viscosity, and high refractive index. Increase in utilization of polymerized benzyl methacrylate in automotive and chemical industries owing to its exceptional properties is anticipated to drive the global benzyl methacrylate market. Benzyl methacrylate adhesives are extensively employed in wood composites and leather industries. It offers hydrophobic, water resistive, and corrosion resistive properties to wood and leather applications. Increase in demand for wood composites and leather garments is projected to boost the demand for benzyl methacrylate. Advancements in chemical properties of benzyl methacrylate in order to make it multifunctional are estimated to offer lucrative opportunities to the benzyl methacrylate market during the forecast period. Research and development activities are being carried out in terms of usage of copolymers of benzyl methacrylate in the manufacture of solid electrolytes for lithium batteries. Increase in adoption of solid electrolytes in the electronics industry is anticipated to drive the demand for benzyl methacrylate. Technological advancements in chemical properties of benzyl methacrylate in order to make it multifunctional are projected to offer lucrative opportunities to the benzyl methacrylate market during the forecast period.

Global Benzyl Methacrylate Market: Key Segments

Based on purity, the benzyl methacrylate market can be bifurcated into <98% and =>98%. The =>98% segment held key share of the global benzyl methacrylate market in 2017. =>98% benzyl methacrylate is primarily used for polymerization process in enhancing the attributes of polymerized products.

In terms of application, the benzyl methacrylate market can be divided into acrylic & polyester resins, adhesives & sealants, industrial coatings, inks & toners, composites, and others. The acrylic & polyester resins segment held significant share of the global benzyl methacrylate market in 2017. Benzyl methacrylate is used an intermediate in the production of polymers in various end-use applications owing to its corrosion resistance, heat stabilization, and low viscosity properties.

In terms of geography, the benzyl methacrylate market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific constitutes large share of the global benzyl methacrylate market due to the easy availability of raw materials at competitive prices in the region. Rapid industrialization in China, Taiwan, and India; and growth in end-use industries such as paints & coatings, adhesives & sealants, and polymers are projected to propel the demand for benzyl methacrylate in the near future. North America and Europe are prominent consumers of benzyl methacrylate.

Global Benzyl Methacrylate Market: Key Players

Key players operating in the global benzyl methacrylate market include Evonik Industries, Geo Specialty Chemicals, KOWA AMERICAN CORPORATION, Kowa India Pvt.Ltd, MITSUBISHI GAS CHEMICAL COMPANY, INC., Polysciences, Inc., and Tokyo Chemical Industry Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Benzyl Methacrylate Market

Pre Book