Popularity of methacrylate monomers in the expanding polymer sector is predicted to serve as one of the noticeable factors contributing to overall growth of the industry
Rockville, March 20, 2023 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, in its newly published research, reveals that the global methacrylate monomers market is forecasted to reach a valuation of US$ 21 billion by the end of 2033. Worldwide demand for methacrylate monomers is expected to increase at a CAGR of 5.3% through 2033. Rising use of polymerized methacrylate monomers in orthopedic and dentistry surgery is expected to lead to increased demand.
Methacrylate monomers are industrial monomers, which can easily form polymers due to their highly reactive double bonds. Numerous methacrylate monomer derivatives, including stearyl methacrylate, cyclohexyl methacrylate, glycidyl methacrylate, allyl methacrylate, ethyl methacrylate, butyl methacrylate, and methyl methacrylate are globally available. They are used in a wide variety of end-use sectors, including architectural, automotive, electronics, paints & coatings, and others.
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Rising population and rapid urbanization are contributing to the growth of the architecture and construction sector in developing and developed economies, including India, the United States, and others. The architecture and construction industry uses methacrylate monomers as a binder for liquid waterproofing applications, industrial flooring, reactive road making, and concrete admixtures.