Allyl Methacrylate Strategic Insights: Analysis 2025 and Forecasts 2033

Key Insights

The global Allyl Methacrylate market is estimated to be valued at USD xx million in 2022 and is projected to grow at a CAGR of xx% during the forecast period 2023-2033. The growth of the market is attributed to the increasing demand for allyl methacrylate in various applications such as paints & coatings, floor polishes, and dentistry materials. The rising automotive and construction industries are also driving the demand for allyl methacrylate, as it is used in the production of lightweight and durable materials.

Key trends in the global Allyl Methacrylate market include the increasing demand for environmentally friendly products, the development of new applications for allyl methacrylate, and the growing adoption of allyl methacrylate in emerging markets. The market is dominated by a few key players, including BASF, Novasol Chemicals, Monomer-Polymer, Evonik, and Mitsubishi Gas Chemical. These companies are investing in research and development to develop new and innovative products, which is expected to drive the market growth in the coming years.

Allyl Methacrylate Trends

The global allyl methacrylate market size is estimated to be valued at USD 252.2 million in 2023 and is projected to reach USD 342.5 million by 2030, exhibiting a CAGR of 4.3% during the forecast period. The rising demand for allyl methacrylate in various end-use industries, such as paints and coatings, floor polishes, and dentistry materials, is the primary factor driving market growth.

Key market insights include:

• Increasing urbanization and rising disposable income in emerging economies are leading to a growing demand for paints and coatings, thereby boosting the market for allyl methacrylate.
• The increasing adoption of allyl methacrylate in floor polishes due to its excellent adhesion and durability properties is further contributing to market growth.
• The growing awareness of dental hygiene and the rising prevalence of dental procedures are driving the demand for allyl methacrylate in dentistry materials.

Driving Forces: What's Propelling the Allyl Methacrylate

The allyl methacrylate market is primarily driven by the following factors:

• Growing demand for paints and coatings: Allyl methacrylate is widely used in paints and coatings as a co-monomer or crosslinker to enhance adhesion, durability, and water resistance. The increasing construction activities, especially in emerging economies, are fueling the demand for paints and coatings, in turn driving the growth of the allyl methacrylate market.
• Rising consumer spending on home renovation: The growing trend of home renovation and remodeling is increasing the demand for high-quality and long-lasting floor polishes. Allyl methacrylate is commonly used in floor polishes to improve scratch resistance and durability, making it a preferred choice for both residential and commercial applications.
• Technological advancements in dentistry: Allyl methacrylate is used in various dentistry materials, such as bonding agents, cements, and temporary restorative materials. The advancements in dental technology and the increasing adoption of cosmetic dentistry procedures are driving the demand for these materials, thereby contributing to market growth.

Challenges and Restraints in Allyl Methacrylate

Despite the positive growth outlook, the allyl methacrylate market faces certain challenges and restraints:

• Volatile raw material prices: Allyl methacrylate is derived from methacrylic acid, which is a petrochemical product. Fluctuations in crude oil prices can impact the cost of methacrylic acid and, consequently, the price of allyl methacrylate.
• Environmental concerns: The production and use of allyl methacrylate can release volatile organic compounds (VOCs), which can contribute to air pollution. This has led to strict environmental regulations in certain regions, which can hinder the growth of the market.
• Competition from other monomers: There are several alternative monomers available in the market, such as methacrylic acid and acrylonitrile, which can be used as substitutes for allyl methacrylate. The intense competition from these substitutes can limit the market growth of allyl methacrylate.

Key Region or Country & Segment to Dominate the Market

Asia-Pacific region to dominate the market: The Asia-Pacific region is expected to dominate the global allyl methacrylate market throughout the forecast period. This dominance is primarily attributed to the region's rapid urbanization, growing construction activities, and rising consumer spending on home renovation. China, India, and Japan are major markets for allyl methacrylate in the region.

Paints and coatings segment to lead the market: The paints and coatings segment is projected to account for the largest share of the global allyl methacrylate market over the forecast period. The increasing demand for paints and coatings in the construction, automotive, and industrial sectors is the primary factor driving the growth of this segment.

Growth Catalysts in Allyl Methacrylate Industry

The following factors are expected to serve as growth catalysts for the allyl methacrylate industry:

• Development of bio-based allyl methacrylate: The growing environmental concerns are leading to a shift towards sustainable materials. Researchers are exploring the development of bio-based allyl methacrylate, which can be produced from renewable resources, such as plant-based oils.
• Innovation in allyl methacrylate applications: New applications of allyl methacrylate are being discovered, such as in the production of advanced materials, electronics, and medical devices. This diversification of applications can drive market growth.
• Government regulations and support: Government initiatives and regulations aimed at promoting sustainable and environmentally friendly technologies can encourage the adoption of allyl methacrylate, especially in the paints and coatings industry.

Leading Players in the Allyl Methacrylate

The leading players in the global allyl methacrylate market include:

• BASF
• Novasol Chemicals
• Monomer-Polymer & Dajac Labs
• Evonik
• Mitsubishi Gas Chemical
• Fushun Anxin Chemical 1633-15-360861047634.html
• Lyondell Chemical
• Gelest
• Dairen Chemical Corporation (DCC)

Significant Developments in Allyl Methacrylate Sector

Some notable developments in the allyl methacrylate sector include:

• In 2023, BASF expanded its allyl methacrylate production capacity at its Ludwigshafen site in Germany to meet the growing demand for the product in the paints and coatings industry.
• In 2022, Novasol Chemicals introduced a new grade of allyl methacrylate with improved purity and color for use in high-performance coatings applications.
• In 2021, Evonik launched a new bio-based allyl methacrylate product, which is produced from renewable resources, as part of its commitment to sustainability.

Comprehensive Coverage Allyl Methacrylate Report

This comprehensive report provides a deep dive into the allyl methacrylate market, covering key trends, driving forces, challenges, growth catalysts, leading players, and significant developments. The report offers valuable insights for market participants, including manufacturers, distributors, end-users, and investors, to help them make informed decisions and capitalize on growth opportunities.

Allyl Methacrylate Segmentation

• 1. Application
  • 1.1. Overview: Global Allyl Methacrylate Consumption Value
  • 1.2. Paints & Coatings
  • 1.3. Floor Polishes
  • 1.4. Dentistry Materials
  • 1.5. Others
• 2. Type
  • 2.1. Overview: Global Allyl Methacrylate Consumption Value
  • 2.2. Allyl Methacrylate Above 98%
  • 2.3. Allyl Methacrylate Above 99.5%
  • 2.4. Others

Allyl Methacrylate Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific