Lauryl Methacrylate Market - Global Industry Analysis, Size, Share, Growth, Trends

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Lauryl Methacrylate Market: Overview

Lauryl Methacrylate is a water insoluble, low volatility, monofunctional methacrylate monomer with a long, hydrophobic side chain. The monomer can be polymerized under the influence of heat, light, ionic, or high energy mechanisms. Lauryl methacrylate forms homopolymers and copolymers. Copolymers of lauryl methacrylate can be prepared with acrylic acid and its salts, amides and esters, and methacrylate, acrylonitrile, maleic acid esters, vinyl acetate, vinyl chloride, vinylidene chloride, styrene, butadiene, unsaturated polyesters, drying oils, etc. It readily undergoes addition reactions with a wide variety of organic and inorganic compounds. Hence, it is considered a useful feedstock in the chemical industry. Lauryl methacrylate is used to impart properties such as adhesion, low shrinkage, flexibility, weather ability, water resistance, hydrophobicity, and improved impact strength to polymers.

Lauryl methacrylate is widely used as feedstock in the chemical industry. It can be polymerized with each other and copolymerized with other monomers to produce polymers with optimal properties. Acrylic Resins, Adhesives & Sealants, Architectural Coatings, Automotive & Industrial Coatings, Composites, Polyester Resins, UV Cured Systems, Wood & Leather Finishes These unique chemical properties and usage in wide end-use industries are expected to drive the lauryl methacrylate market during the forecast period.

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Lauryl Methacrylate Market: Key Segments

Based on application, the lauryl methacrylate market can be segmented into oil additives as flow improver, in floor waxes, textile and metal coatings, varnishes, adhesives, low temperature caulks and sealants, and others. Lauryl Methacrylate is incorporated as co-monomer in paint resins, elastomers and plastics. It is used as a stabilizer in non-aqueous dispersions and inks. Lauryl methacrylate is also used in electronics and encapsulated products, or as chemical intermediate.

Based on end-use industry, the lauryl methacrylate market can be divided into paints, coatings and adhesives industry, electrical & electronics industry, chemical industry, and others. Lauryl methacrylate is used in various applications in the chemical industry.  Lauryl methacrylate is widely used in chemical synthesis. It is also an intermediate in various reactions.

In terms of geography, the lauryl methacrylate market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are key regions of the lauryl methacrylate market in terms of value. Asia Pacific is a rapidly expanding region of the lauryl methacrylate market. The lauryl methacrylate market in Latin America and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period.

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Lauryl Methacrylate Market: Key Players

Key players operating in the lauryl methacrylate market are BASF SE, DowDuPont Inc, Arkema Group, Geo Specialty Chemicals, Inc., Basic Acrylic Monomer Manufacturers, Inc., and Solvay S.A. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

Companies in the Lauryl Methacrylate market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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