Persistence Market Research recently published a market study that provides analytical insights related to the overall prospects of the Methacrylic Acid Market during the forecast period 2015 – 2021. The report aims to assist business players, stakeholders, and investors to improve their standing in the current market landscape and gain a competitive edge over their competitors. The presented study evaluates the major trends, opportunities, drivers, and challenges that are expected to impact the growth of the Methacrylic Acid Market in the upcoming years.
The report reveals that the Methacrylic Acid Market is expected to register a CAGR growth of ~XX% during the forecast period and surpass the value of ~US$XX by the end of 2015 – 2021. Some of the leading factors that are expected to drive the growth of the market include, rising investments for research and development, the advent of cutting-edge technology, and favorable government policies in certain regions.
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Essential Findings of the Report:
- Most effective marketing and distribution channels adopted by market players
- Market attractiveness of various regional markets
- Trends influencing the current dynamics of the Methacrylic Acid Market
- Growth prospects of various market segments
- Leading market players in the Methacrylic Acid Market
The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Methacrylic Acid Market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Methacrylic Acid Market who can leverage the information in the report to develop effective business strategies.
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Key players have entered into several collaborations and agreements with other companies for the marketing of new products as well as garnering a larger share in the market. Manufacturers are focused towards developing bio-based solutions for MAA owing to fluctuating petrochemical raw material prices and frequent supply bottlenecks.Among the regions, Asia-Pacific accounted for the largest market share for MAA and is also expected to be the fastest growing segment over the forecast period. It was followed by Europe which has been witnessing moderate growth on account of Eurozone crises and economic fluctuations in the region. Latin American countries such as Brazil is all set to host the Olympics in 2016 which have been majorly prompting the growth of construction activities in the country, thereby driving the market for MAA in Central and South America (CASA) over the next few years.
Among the applications, electronics are anticipated to be the fastest growing segment, with rising disposable incomes in developing and emerging economies being one of the major factors driving the demand for electronic equipment and further demand for MAA. Moreover, energy efficient and lightweight properties of MAA have contributed significantly to its improving demand in various industries such as transportation and automotive. Demand for lightweight vehicles with lower emissions and better efficiency has witnessed a noticeable boost on account of stringent regulatory laws executed in Western Europe and North America.
Growing consumption from major end-use applications such as electronics, signs and displays, and automotive industries is expected to significantly boost the global demand for MAA. These industrial sectors are witnessing rapid growth in Europe, Asia Pacific, and other regions, thus fuelling the demand for MAA. However, volatile raw material prices of petrochemicals are expected to slow down the growth of the market. Focus towards developing bio-based MAA is expected to catch up in the near future owing to their eco-friendly characteristics and secure raw material supply, providing new opportunities for the growth of the market.
Asahi Kasei Corporation, Chi Mei Corporation, Evonik Industries AG, Mitsubishi Rayon Group, and The Dow Chemical Company are some of the major manufacturers of MAA dominating the industry.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Latin America
Key features of this report
- Drivers, restraints, and challenges shaping the Methacrylic Acid market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Methacrylic Acid market estimates and forecasts(2015 -2021)
The report clarifies the following doubts related to the Methacrylic Acid Market:
- Which region offers promising growth opportunities in the Methacrylic Acid Market during the forecast period 2015 – 2021?
- How can new market players establish their presence in the Methacrylic Acid Market?
- What is the impact of technology on the Methacrylic Acid Market?
- What is the estimated value of the Methacrylic Acid Market in 2019?
- What are the factors that could impede the growth of the Methacrylic Acid Market?
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This post was originally published on Crypto Coin Guardian