UAE
Methacrylate Monomers market is anticipated to grow significantly through 2028.
This can be ascribed to the increase in
the production of molded and extruded acrylic sheets, which are widely used in
the automobile industry for coatings and adhesives, leather, acrylate sealants,
etc., can be contributed to the market expansion.
The
high level of integrity, UV stability, and refractive clarity offered by
acrylic sheets have prompted an increase in their use throughout time. High demand for real state gives a hike to the growth
of the architecture & construction sector, which in turn, is aiding to the growth
of the UAE methacrylate monomers market. Moreover, growing demand for
methacrylate monomers in plasma TV, LCD, and LED flat screens and the rising
inclination of consumers towards methacrylate monomers due to their advantages
such as low cost, lightweight, high strength, increased lifecycle, etc. are
expected to boost the growth of the market in the upcoming years.
Furthermore, the increasing
demand from automotive, electronics are the crucial factors that propel the
market’s growth.
Rising
Demand from Various End-Users Industry
The broad range
of sectors employing methacrylate-based monomers,
including the automotive industry, is anticipated to drive market expansion in
the following years. For instance, methacrylate monomer may create interior
accessories like holders for yachts and sailing boats, acrylic sheets for
trailers, glass glazing, coatings for automobile topcoats and reconditioning,
interior & exterior panels, trim, bumpers, fenders, and other molded
pieces. In addition, the increasing growth of the IT and telecom sectors has
raised the demand for goods made from methacrylate monomers because of their
superior optical properties, such as flexibility and elasticity. For instance,
light-guiding and light-diffusion plates are utilized in flat panel displays. As a result, the UAE methacrylate monomer market is growing rapidly.
Growth of the
Dental and Medical Industry
Methacrylate is
also used in many medical and dental procedures requiring high stability and
purity levels. Examples such as hyperbaric chambers, newborn incubators,
prosthetic teeth, dentures, bridges, and dental prostheses include intravenous
(IV) tubing connections, medical pumps, filter housings, and heart valves.
Furthermore, dentists utilize liquid monomer polymerized in situ in white
dental fillings, while surgeons use cement made of methacrylate-based polymers
and liquid monomers in hip replacements. As a result, the expanding dental and
medical sectors are increasing the demand for methacrylate monomers.
Methyl Methacrylate Monomers
Will Continue to Be Key Derivatives
Methyl
methacrylate is the fundamental chemical or monomer used to make polymethyl
methacrylate and a variety of other acrylic polymer polymers. The manufacture
of methyl methacrylate, the monomer of the translucent plastic polymethyl
methacrylate (PMMA), popularly known as acrylic, uses acetone cyanohydrin
(ACH), an organic substance. Polymethyl methacrylate (PMMA), one of the methacrylate
monomers, offers superior transparency, weather resistance, and other
properties, which raises demand for it in various applications, including
signboards and displays, lighting equipment, automotive parts, construction
materials, and more. PMMA is also utilized to create the moulds for the lenses
used in the landing lights at airports and the windows of commercial buildings.
The increased demand for PMMA-based moulds from various end-use sectors has
fueled the UAE methacrylate monomer market's expansion.
Recent Developments
- In
April 2022, DubiChem Marine International manufactured and exported Methacrylic
acid in the various zone of the middle east.
- In
November 2020, Sartomer offered a broad range of specialty monomers and
oligomers for UV, EB, LED, peroxide, and amine cure applications and copolymerization.
- In
early 2019, Arkema Middle East DMCC inaugurated its new offices in Dubai,
UAE, in the presence of Madame, the French General Consul in Dubai.
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Market Segmentation
UAE Methacrylate Monomers Market is
segmented based on derivatives, application, end-use,
and region. Based
on the derivatives, the market is categorized into methyl methacrylate, butyl methacrylate, ethyl methacrylate, and
others. Based on application, the market is fabricated
into acrylic sheets, moulding, paints & coatings, and others. Based on end
use, the market is segmented into architecture & construction, advertisement
& communication, automotive, and others. Based on region, the market is
divided into Abu Dhabi, Dubai, and Sharjah, By Company.
Company Profiles
Dubi Chem Marine International,
Sharjah Chemical, Kemsol Limited, Arkema
Middle East DMCC, Dow Saudi Arabia (Dow Middle East Innovation Center) are some
of the key players of the UAE Methacrylate Monomers Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments covered
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·
Derivatives
·
Application
·
End Use
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Regional scope
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Abu Dhabi,
Dubai, and Sharjah
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Key companies profiled
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Dubi Chem
Marine International, Sharjah Chemical, Kemsol
Limited, Arkema Middle East DMCC, Dow Saudi Arabia (Dow Middle East
Innovation Center
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore
purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the UAE Methacrylate Monomers market has
been segmented into the following categories, in addition to the industry trends,
which have also been detailed below:
- UAE Methacrylate
Monomers Market, By Derivatives:
- Methyl Methacrylate
- Butyl Methacrylate
- Ethyl Methacrylate
- Others
- UAE Methacrylate
Monomers Market, By Application:
- Acrylic Sheets
- Moulding
- Paints & Coatings
- Others
- UAE Methacrylate
Monomers Market, By End
Use:
- Architecture & Construction
- Advertisement & Communication
- Automotive
- Others
- UAE Methacrylate Monomers Market, By Region:
- Abu Dhabi
- Dubai
- Sharjah
- Rest of UAE
Competitive landscape
Company Profiles: Detailed analysis of the major companies in the UAE
Methacrylate Monomers market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
UAE Methacrylate Monomers Market is an
upcoming report to be released soon. If you wish an early delivery of this report
or want to confirm the date of release, please contact us at [email protected]