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Butyl methacrylate is an organic chemical colorless liquid that is frequently used to create methacrylate polymers. Typically, it undergoes polymerization in a free-radical environment. It is a clear liquid that is colorless and has a slight scent of fruit or acrylic, with the chemical formula C4H9O22CC(CH3)=CH2. There is a reactive ester group on one end and a ploymerizable methacrylate functional group on the other. It is only slightly miscible with water and has a modest volatility. It has a moderate volatility and is soluble in the majority of organic solvents. Compared to air, it has a denser vapor. It copolymerizes readily with a variety of monomers. The additional ester group has properties such as strength, transparency, and durability.
The material is mainly used in the production of organic glass, synthetic resins, rubbers, and varnishes, as well as to finish textiles. It can also be used to make polymeric plasticizer for harder resins and adhesives. By lowering and replenishing styrene, which increases surface hardness and impact resistance, it contributes to improving the performance of manufactured materials. Architecture, automotive, aerospace, marine, and construction are a few of the industries that use methacrylate monomers frequently. Methyl methacrylate is utilized in hip and knee replacements as a cement, chemical intermediate, and PVC modifier. It is frequently employed in the synthesis of the chemicals, ethyl and butyl methacrylate.
According to Business Research Insights, the global butyl methacrylate market size was valued at USD 30.9 million in 2020 and is anticipated to grow at a CAGR of 111.17% during the forecast period.
Demand for the Product Inflated the Industry
The COVID-19 crisis harmed the world economy thoroughly. Additionally, with travel bans and social distancing norms announced by several governments, a huge demand for sanitizers and protective equipment surged dramatically. As a result, it increased the demand for butyl methacrylate transparent sheets, which were employed as protective barriers during the coronavirus pandemic to prevent the spread of virus. However, due to a sudden fall in the automotive and transportation sector, the demand fell, impacting the industry negatively.
Business Research Insights States the Top 5 Butyl Methacrylate Companies:
1. Shanghai HeChuang Chemical Company Ltd.
Shanghai HeChuang Chemical Company Ltd. is a China-based firm that specializes in researching and developing, producing, and selling fine chemicals. The company’s main technologies are inhibitor agents, technology of inhibitor, isobutyric acid, acrylate and butyric acid, 2-ethylhexanoic acid, methacrylate ester, allyl alcohol derivatives, phase-transfer catalyst, and selective hydrogenation and catalytic oxidation.
2. LG MMA
LG MMA manufactures and distributes chemical products. The company primarily sells methacrylic methacrylate (MMA), methacrylic acid (MMA), and poly methyl methacrylate (PMMA) (MMA). Additionally, the firm also produces methyl methacrylate. Lucky MMA Corp. was previously known as LG MMA Corp., which it adopted in 1995. It is headquartered in Seoul, South Korea and was established in 1991. An affiliate of LG Corp. is LG MMA Corp.
3. Evonik Industries
The headquarters of German specialty chemicals company Evonik Industries AG is in Essen, North Rhine-Westphalia. It is the second-largest chemicals firm in Germany and one of the major specialized chemical companies in the world. It was established in September 2007, as a result of the restructuring of the mining and technology group RAG, and is mostly owned by the RAG Foundation. About 37,000 people work at Evonik Industries, which has operations in more than 100 nations.
4. Fushun Donglian Anxin Chemical
Since its establishment in 2005, Fushun Donglian Anxin Chemical Co., Ltd. has become China's top supplier and manufacturer of methacrylate monomers. The company has a 100,000 square meter location in the New & Hi-tech Chemical Industrial Park of Fushun, Liaoning. It has a capacity of 20,000 MT annually as a supplier of high-quality methacrylate monomers.
5. Dow Chemical
The Dow Chemical Company (TDCC), a division of Dow Inc., is an American global chemical firm with its main office in Midland, Michigan. It is one of the top three chemical producers in the world. Plastics, chemicals, and agricultural products are all produced by Dow. It has operations in around 160 nations and employs about 54,000 people globally.
Due to its sales to other industries rather than to end-users directly, Dow has been dubbed the "chemical companies' chemical company". Dow is a member of the American Chemistry Council. The motto of the business is "Seek Together". In 2017, the company amalgamated with DowDuPont, and in April 2019, the parent company, Dow Inc., underwent a corporate spin-off to become a public company.
Butyl Methacrylate to Hold a Bright Future in the Forthcoming Years
Methacrylate serves as the foundation for a wide range of acrylic applications used in numerous global sectors. Methacrylate monomers are specialized substances created for particular applications such as coatings, paints, inks, and adhesives. In addition, compatibility, flexibility, effect modification, heat resistance, and crosslinking are increased through the use of chemical intermediates. Considering the above factors, the widespread use of the product will considerably aid the market growth.