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Research Nester published a report titled“Specialty Monomers Market : Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobalspecialty monomers market in terms of market segmentation by type, end use, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global specialty monomers market is estimated to occupy a large amount of revenue by growing at a notable CAGR during the forecast period, i.e., 2022 – 2031, ascribing to the rising demand for specialty monomers in paints & coatings industry, and increasing utilization of these products for making adhesives globally. Along with these, growing sales and technological advancements in the chemicals industry, and development of sophisticated manufacturing process for specialty monomers are also expected to accelerate the growth of the market in the forthcoming years.
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The market is segmented by type and end use. Based on type, the acrylate monomers segment is anticipated to acquire the largest share during the forecast period on the back of the excellent abrasion properties and high resistance to acids of this type of monomers. Additionally, based on end use, the paints & coatings segment is projected to grab the largest share over forecast period attributing to the high utilization of specialty monomers in this industry for improving chemical and physical properties in printing plates, adhesives and thermosetting paints.
Geographically, the global specialty monomers market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is anticipated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the surging demand for specialty monomers in the paints & coatings sector in the region. Moreover, the market in Europe is assessed to gather significant share by 2030 ascribing to the rising demand for material from the automotive industry in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for the Products from the Paints & Coatings Industry Worldwide to Drive Market Growth
The population of the world is increasing at a rapid pace, owing to which the total number of construction projects are also rising. This in turn is raising the demand for premium quality paints and coatings. As specialty monomers provides high corrosion and water resistance to the surface being applied on, its demand is predicted to rise in the near future. This in turn is also assessed to bolster the growth of the market significantly.
However, strict regulations associated with the manufacturing of specialty monomers is expected to operate as key restraint to the growth of the global specialty monomers market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global specialty monomers market which includes company profiling of Mitsubishi Corporation, Evonik Industries AG, The Dow Chemical Company, Eastman Chemical Company, Sumitomo Corporation, LG Chem Ltd., Arkema S.A., Hitachi Chemical Co., Ltd., MPD Chemicals LLC, Nippon Chemical Industrial Co., Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global specialty monomers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Research Nester
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