UAE Methacrylate Monomers Market - Predicted Growth, Trends, Opportunity & Analysis

The UAE Methacrylate Monomers market is anticipated to grow significantly through 2028. This can be ascribed to the increase in the production of molded and extruded acrylic sheets, which are widely used in the automobile industry for coatings and adhesives, leather, acrylate sealants, etc., which can be contributed to the market expansion.

The high level of integrity, UV stability, and refractive clarity offered by acrylic sheets have prompted an increase in their use throughout time. High demand for real estate gives a hike to the growth of the architecture & construction sector, which in turn, is aiding the growth of the UAE methacrylate monomers market. Moreover, growing demand for methacrylate monomers in plasma TV, LCD, and LED flat screens and the rising inclination of consumers towards methacrylate monomers due to their advantages such as low cost, lightweight, high strength, increased lifecycle, etc. are expected to boost the growth of the market in the upcoming years.

Furthermore, the increasing demand for automotive, and electronics are the crucial factors that propel the market’s growth.

Rising Demand from Various End-Users Industry

The broad range of sectors employing methacrylate-based monomers, including the automotive industry, is anticipated to drive market expansion in the following years. For instance, methacrylate monomer may create interior accessories like holders for yachts and sailing boats, acrylic sheets for trailers, glass glazing, coatings for automobile topcoats and reconditioning, interior & exterior panels, trim, bumpers, fenders, and other molded pieces. In addition, the increasing growth of the IT and telecom sectors has raised the demand for goods made from methacrylate monomers because of their superior optical properties, such as flexibility and elasticity. For instance, light-guiding and light-diffusion plates are utilized in flat panel displays. As a result, the UAE methacrylate monomer market is growing rapidly.

Growth of the Dental and Medical Industry

Methacrylate is also used in many medical and dental procedures requiring high stability and purity levels. Examples such as hyperbaric chambers, newborn incubators, prosthetic teeth, dentures, bridges, and dental prostheses include intravenous (IV) tubing connections, medical pumps, filter housings, and heart valves. Furthermore, dentists utilize liquid monomer polymerized in situ in white dental fillings, while surgeons use cement made of methacrylate-based polymers and liquid monomers in hip replacements. As a result, the expanding dental and medical sectors are increasing the demand for methacrylate monomers.

Methyl Methacrylate Monomers Will Continue to Be Key Derivatives

Methyl methacrylate is the fundamental chemical or monomer used to make polymethyl methacrylate and a variety of other acrylic polymer polymers. The manufacture of methyl methacrylate, the monomer of the translucent plastic polymethyl methacrylate (PMMA), popularly known as acrylic, uses acetone cyanohydrin (ACH), an organic substance. Polymethyl methacrylate (PMMA), one of the methacrylate monomers, offers superior transparency, weather resistance, and other properties, which raises demand for it in various applications, including signboards and displays, lighting equipment, automotive parts, construction materials, and more. PMMA is also utilized to create the moulds for the lenses used in the landing lights at airports and the windows of commercial buildings. The increased demand for PMMA-based molds from various end-use sectors has fueled the UAE methacrylate monomer market's expansion.

Recent Developments

• In April 2022, DubiChem Marine International manufactured and exported Methacrylic acid in the various zone of the middle east.

• In November 2020, Sartomer offered a broad range of specialty monomers and oligomers for UV, EB, LED, peroxide, and amine cure applications and copolymerization.

• In early 2019, Arkema Middle East DMCC inaugurated its new offices in Dubai, UAE, in the presence of Madame, the French General Consul in Dubai.

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Market Segmentation

UAE Methacrylate Monomers Market is segmented based on derivatives, applications, end-use, and region. Based on the derivatives, the market is categorized into methyl methacrylate, butyl methacrylate, ethyl methacrylate, and others. Based on application, the market is fabricated into acrylic sheets, molding, paints & coatings, and others. Based on end use, the market is segmented into architecture & construction, advertisement & communication, automotive, and others. Based on region, the market is divided into Abu Dhabi, Dubai, and Sharjah, By Company.

Company Profiles

Dubi Chem Marine International, Sharjah Chemical, Kemsol Limited, Arkema Middle East DMCC, Dow Saudi Arabia (Dow Middle East Innovation Center) are some of the key players of the UAE Methacrylate Monomers Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

· Derivatives

· Application

· End Use

Regional scope

Abu Dhabi, Dubai, and Sharjah

Key companies profiled

Dubi Chem Marine International, Sharjah Chemical, Kemsol Limited, Arkema Middle East DMCC, Dow Saudi Arabia (Dow Middle East Innovation Center

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the UAE Methacrylate Monomers market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

• UAE Methacrylate Monomers Market, By Derivatives:

  • Methyl Methacrylate

  • Butyl Methacrylate

  • Ethyl Methacrylate

  • Others

• UAE Methacrylate Monomers Market, By Application:

  • Acrylic Sheets

  • Molding

  • Paints & Coatings

  • Others

• UAE Methacrylate Monomers Market, By End Use:

  • Architecture & Construction

  • Advertisement & Communication

  • Automotive

  • Others

• UAE Methacrylate Monomers Market, By Region:

  • Abu Dhabi

  • Dubai

  • Sharjah

  • Rest of UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the UAE Methacrylate Monomers market.

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