Global methacrylate monomers market is projected to grow at a significant rate during the forecast period. Methacrylates are widely used to produce methacrylate monomer, which is used for manufacturing thermoplastics such as ABS, PVC, and acrylic. The market growth can be attributed to the rising demand for methacrylate monomers across various end-use industries such as electronics, automotive, construction, among others. Besides, growing application for methacrylate monomers in LCD and LED flat screens and high R&D activity by manufactures are expected to ensure a robust growth of the market in the next five years.
Rising urban population and purchasing parity of consumers are also driving the growth of the global methacrylate monomers market during the forecast period. Methacrylate monomers are increasingly being used for windows, canopies, architectural components, panels, doors, etc. due to their enhanced durability and long-lasting properties. Growing use of methacrylate monomers for making interior accessories such as sailing boats, yachts, acrylic sheets, automobile topcoats, etc. is also expected to positively influence the growth of the global methacrylate monomers market.
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