Methacrylic acid (MAA) is an organic, clear, and colorless compound with a strong and pungent odor. It is typically obtained by hydrolyzing a methacrylamide sulfate, which is synthesized from acetone cyanohydrin using sulfuric acid. Methacrylic acid is soluble in water and miscible with most organic solvents. It is extensively used in the production of plastics, paints, nail primers, cement mixing agents, and adhesives for fixing television display panels, light panels, facades, and window panels. In addition to this, methacrylic acid is further utilized as a raw material in manufacturing ion exchange resins. As a result, it finds extensive applications across various industries, such as automotive, electronics, paint and coatings, textiles, rubber, construction, etc.Note: We are constantly monitoring market changes and consumer behavior worldwide as the COVID-19 crisis sweeps the globe. We consider the pandemic’s effects while estimating the most recent market trends and forecasts.
Browse complete production cost analysis report with TOC and list of figures & tables: https://www.syndicatedanalytics.com/methacrylic-acid-production-cost-analysis-report
The expanding construction industry and the growing number of infrastructural development projects, especially in developing nations, are primarily driving the global methacrylic acid market. Besides this, the rising sales of consumer electronics on account of the inflating disposable income of consumers are positively influencing the market growth. Furthermore, the growing usage of methacrylic acid in textile and coating formulations is also augmenting the global market. Additionally, the expanding automotive industry is increasingly adopting MAA to manufacture lightweight and energy-efficient automobiles in order to control carbon emissions from vehicles. This, in turn, is acting as a significant growth-inducing factor. Moreover, various key market players are investing in R&D activities to introduce sustainable bio-based MAA, which is anticipated to cater to the growth of the global methacrylic acid market in the coming years.
Download a free sample report to get more insight about the report: https://www.syndicatedanalytics.com/request?type=report&id=978&flag=B
The report providing in-depth, comprehensive techno-economic analysis, including:
Market Trends
Major Regions
Key Manufacturers
Price Trends
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Utility Costs
Labor Costs
Packaging Costs
Transportation Costs
Land and Construction Costs
Machinery Costs
Profit Margins
Product Pricing
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.
About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports and feasibility studies.
Contact Info:
Katherine Shields
Senior Sales & Marketing Manager
74 State St
Albany, New York 12207
United States of America
Phone No.: +1-213-316-7435
Website: https://www.syndicatedanalytics.com/
Email Address: sales@syndicatedanalytics.com