Transparency Market Research in its new report titled, “Specialty Monomer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the specialty monomer market. The new report anticipates that the increase in demand for specialty monomers in paint & coatings industry and extensive use of these materials in adhesives will drive the specialty monomer market during the forecast period i.e, 2017-2025. As per the report, this is prompting companies to increase production of these materials. Additionally, easy availability of raw materials is anticipated to boost the demand for specialty monomer in the near future.
According to TMR analyst, “The global specialty monomer market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these materials. Development of new manufacturing processes of specialty monomer and applications is estimated to propel the market. However, volatility in prices of raw materials prices is projected to hamper the market.”
The TMR report has segregated the specialty monomer market based on type, end-use and geography. Based on type, the report has split the specialty monomer market into acrylate monomers, methacrylate monomers, acrylamide monomers, and others. The acrylate segment of the specialty monomer market is anticipated to expand at a fast pace due to the increase in demand for these materials in paints & coatings applications. In terms of end use, the report has categorized the specialty monomer market into paints & coatings, adhesives & sealants, automotive, pulp & paper, water treatment, personal care and others. The paints & coatings segment dominates the market owing to the extensive use of these polymers in the industrial and protective coatings in emerging economies such as India and China.
On the basis of regional perspective, the specialty monomer market is split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the market during the forecast period. The specialty monomer market in Asia Pacific is also anticipated to expand a considerable pace owing to the increase in demand for these materials in paints & coatings applications in the region. Middle East & Africa is predicted to be an attractive region of the specialty monomer market during the forecast period owing to the rise in demand for these from adhesives & sealants applications in the region. Major players operating in the global specialty monomer market include are profiled in this report to give a better competitive analysis and these include NOF America Corporation, BASF SE, Arkema Group, Evonik Industries AG, Solvay S.A., IsleChem LLC, Deltech Corporation, Bimax Chemicals Ltd., and so on.
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