Methacrylic Ester Market Comprehensive Industry Report Offers Forecast and Analysis on 2018-2026

An ester is a chemical combination extracted either from an organic or inorganic acid. Esters are usually derived from a carboxylic acid and an alcohol where at least one –OH (hydroxyl) group is replaced by an –O–alkyl (alkoxy) group. Methacrylic acid functions as a carboxylic acid and is used to produce methacrylic ester. Methacrylic acid is a precursor to methacrylic ester. It is a colorless viscous liquid, which is soluble in warm water and miscible with most organic solvents.

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Methacrylic acid is used in the production of various methacrylic esters such as methyl methacrylate, ethyl methacrylate, n-butyl methacrylate, i-butyl methacrylate, and 2-ethylhexyl methacrylate. These esters are versatile chemicals acting as co-monomers to produce a variety of plastic products. Methacrylic esters are used in diverse applications such as plasticizers, binders, adhesive agents, crosslinking agents, fiber processing agents, water processing agents, paper processing agents, lubricant additives, drilling chemicals, photosensitive materials, and optical materials.

The global methacrylic ester market is primarily driven by the increase in demand for these esters in various end-use industries. Polymerized methacrylic ester provides excellent tensile strength, flexural strength, transparency, UV tolerance, and scratch resistance characteristics. Increase in utilization of polymerized methacrylic esters in the electronics industry owing to their exceptional properties is anticipated to drive the global methacrylic ester market. Methacrylic esters exhibit low VOCs in their formulations.

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Methacrylic esters are widely used in paints & coatings in the automobile industry, as they help lower VOC emissions. Encouragement of regulatory bodies to reduce VOC emissions in vehicles and rise in utilization of methacrylic esters in the automobile industry are projected to boost the demand for methacrylic esters in the near future. Advancements in material and chemical properties of methacrylic ester in order to make it multifunctional is expected to offer lucrative opportunities to the methacrylic ester market during the forecast period.

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