The global methyl acrylate market size is projected to reach $359.2 million by 2019 from $291.3 million in 2014, at a CAGR of 4.3% between 2014 and 2019.
Research and Markets (http://www.researchandmarkets.com/research/gtnstg/global_methyl) has announced the addition of the “Global Methyl Acrylate Market by Application (Surface Coatings, Adhesives & Sealants, Plastic Additives, Detergents, Textile, Others), by Geography – Analysis and Forecast to 2019” report to their offering.
The rising demand for surface coatings, increasing consumption in emerging economies, growing demand acrylate from end-user industries, and its suitability for various applications are some of the key factors driving the global methyl acrylate market.
The methyl acrylate industry is observing a steady growth owing to the high demand from various sectors, such as plastics, textiles, and coatings which use meta-xylene during production. The key market players are Arkema S.A. (France), LG Chem Ltd. (South Korea), and Chinese National Offshore Oil Corporation (China).
On the other hand, certain factors may restrict the growth of methyl acrylate market, which include, rising raw material cost, constant challenges in the demand and supply side of the industrial chemicals, health hazards and the environmental impact of using methyl acrylate.
On the basis of application, the global methyl acrylate market has been segmented into surface coatings, adhesives & sealants, plastic additives, detergents, textiles, and others. The surface coating segment held the largest share of 35.6% in 2014. This segment would continue to dominate the market, although the detergents segment is expected to grow at the highest CAGR of 4.4% during the forecast period of 2014-2019.