Lauryl methacrylate is a kind of macromolecule chemical raw material. It is used in petroleum, paints, adhesives industry etc.
Global consumption of Lauryl methacrylate is 135 KT in 2018 and is projected to reach 171 KT by 2024, at a CAGR of 4.04% during the forecast period.
Lauryl methacrylate has a wide range of uses and is mainly used in petroleum, paints, adhesives, lubricating oil and papermaking industry. There are three major manufacturers of lauryl methacrylate in the world, The Dow Chemical (USA), BASF (Germany) and Mitsubishi Gas Chemical (Japan). Most of the lauryl methacrylate is manufactured by esterification with methacrylic acid and lauryl alcohol. Asia takes the production market share of about 48% and most of Asia manufactures are start-up companies. It takes the consumption market share of about 42%. North America takes the production market share of about 25%, It takes the consumption market share of about 23%. Europe takes the production market share of about 24%, It takes the consumption market share of about 27%. Both North America and Europe have a gradually decreasing market share due to the Asia's rapid economic growth, especially India and China.
Key players in global lauryl methacrylate market include: The Dow Chemical, BASF, Mitsubishi Gas Chemical, Nippon Shokubai, Tianjin Jiuri New Materials, Zhejiang Kangde New Materials, Geo Specialty Chemicals, Kao Chemicals, Dhalop Chemicals, Sartomer.