Methacrylate Copolymer Market: Overview
Methacrylate copolymers, also known as methacrylic acid copolymers, is a class of acrylate polymers. They are used as excipients in the pharmaceutical industry. They are also employed as food additives and glazing agents or coating agents in food supplements or solid foods. Methacrylate copolymers are also used in cosmetics due to their properties such as high moisture protection and masking of taste. Additionally, they are employed as thickeners in personal care products such as hair and skin care formulations. Methacrylate copolymers are used as fillers and diluents in order to improve the taste of the formulation of solid oral drugs.
Methacrylate Copolymer Market: Trends & Demands
Rise in demand for methacrylate copolymers in drug formulations, typically in the pharmaceutical industry, is driving the global methacrylate copolymers market. Additionally, increase in demand for solid food supplements for infants is expected to boost the demand for methacrylate copolymers during the forecast period. High production cost and shortage of raw materials are estimated to restrain the market during the forecast period. However, production capacity expansion for methacrylate copolymers is projected to augment the sales of methacrylate copolymers during the forecast period. For instance, in 2018, Evonik Industries announced plans to construct an additional line for the production of its ACRYLITE trademarked PMMA at its site in Osceola, Arkansas, the U.S. The new production line is likely to become operational in the first quarter of 2019. This is expected to double the company’s production capacity for methacrylate copolymers.
Methacrylate Copolymer Market: Key Segments
The global methacrylate copolymers market can be segmented in terms of type and end-use industry. Based on type, the market can be divided into ammonium methacrylate copolymer, butylated methacrylate copolymer, amino methacrylate copolymer, and ethylene methyl methacrylate copolymer. Based on end-use industry, the market can be segregated into pharmaceutical, personal care, and cosmetic. Rise in demand for butylated methacrylate copolymer in various applications, such as enteric coating, film coating, taste masking of bitter drugs, moisture barrier coating, binder for powders, and transdermal therapeutic system, is fuelling the global methacrylate copolymers market. Additionally, growth in demand for FDA approved drugs and formulations in personal care products is anticipated to boost the global methacrylate copolymers market during the forecast period.
Methacrylate Copolymer Market: Regional Outlook
Based on region, the global methacrylate copolymer market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America, followed by Europe, is estimated to be the leading consumer of methacrylate copolymers during the forecast period. Increase in technological innovations in the pharmaceutical industry in the U.S. is driving the demand for methacrylate copolymers in North America. Increase in demand for methacrylate copolymers in drugs and medical formulations, primarily in in France, Russia, and Germany, is estimated to augment the market in Europe during the forecast period. The market in Asia Pacific is projected to expand at a significant pace during the forecast period. Rise in FDI investment in the medical industry in order to improve medical standards and technology in developing economies such as China and India is likely to boost the market during the forecast period. Latin America and Middle East & Africa are least attractive regions in terms of demand for methacrylate copolymers. Lack of product awareness and heavy reliance on import of raw materials are hampering the market in these regions. However, increase in government efforts to improve health standards and rise in investment in new medical technologies are estimated to boost the sales of methacrylate copolymers during the forecast period.
Methacrylate Copolymer Market: Key Players
Key players operating in the global methacrylate copolymer market include The Dow Chemical Company, BASF SE, Corel Pharma Chem, and ChemPoint.com Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.