Global Glacial Methacrylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Polymers, Ion exchange, Surface coatings, Flocculants, Soil improvers, Adhesives, Textile formulations, and Others.

By End Use;

Paints and coatings, Textile, Leather, Paper manufacture, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn741258747 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Glacial Methacrylic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Glacial Methacrylic Acid Market was valued at USD 1,345.75 million. The size of this market is expected to increase to USD 1,833.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global glacial methacrylic acid market has been witnessing significant growth, driven by the increasing demand across various end-use industries. Glacial methacrylic acid, a high-purity form of methacrylic acid, is primarily used in the production of polymers, coatings, adhesives, and resins. Its superior properties, such as excellent adhesion, weather resistance, and compatibility with other materials, make it a preferred choice in the automotive, construction, textile, and packaging sectors. The rising focus on infrastructure development, coupled with the expanding automotive industry, has further fueled the demand for glacial methacrylic acid globally.

One of the key trends shaping the global glacial methacrylic acid market is the shift towards sustainable and eco-friendly products. Manufacturers are increasingly focusing on developing bio-based methacrylic acid to reduce their carbon footprint and meet stringent environmental regulations. Additionally, advancements in production technologies have enabled the efficient synthesis of high-purity glacial methacrylic acid, enhancing its application potential in various high-performance materials. The growing awareness among consumers and industries about the benefits of sustainable products is expected to drive the market growth in the coming years.

However, the market faces challenges such as fluctuating raw material prices and stringent regulatory frameworks. The volatility in crude oil prices, which is a primary raw material for methacrylic acid production, can impact the profitability of manufacturers. Moreover, regulatory requirements related to the safe handling and disposal of methacrylic acid pose additional challenges. Despite these obstacles, the market is poised for growth, supported by the increasing adoption of advanced manufacturing processes and the rising demand for high-performance materials in emerging economies. The continuous innovation and strategic collaborations among key players are anticipated to create lucrative opportunities in the global glacial methacrylic acid market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End Use
    3. Market Snapshot, By Region
  4. Global Glacial Methacrylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Demand
        2. Infrastructure Growth
        3. Eco-friendly Trends
      2. Restraints
        1. Raw Material Volatility
        2. Regulatory Constraints
        3. Environmental Concerns
      3. Opportunities
        1. Emerging Markets
        2. Technological Advancements
        3. Bio-based Innovations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Glacial Methacrylic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Polymers
      2. Ion exchange
      3. Surface coatings
      4. Flocculants
      5. Soil improvers
      6. Adhesives
      7. Textile formulations
      8. Others
    2. Global Glacial Methacrylic Acid Market, By End Use, 2021 - 2031 (USD Million)
      1. Paints & coatings
      2. Textile
      3. Leather
      4. Paper manufacture
      5. Others
    3. Global Glacial Methacrylic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dow Chemical Company
      2. BASF SE
      3. Mitsubishi Chemical Holdings Corporation
      4. Evonik Industries AG
      5. Arkema Group
      6. LG Chem Ltd.
      7. Lucite International
      8. Fushun Anxin Chemical Co., Ltd.
      9. Kuraray Co., Ltd.
      10. Shandong Hongxu Chemical Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market