Global Tertiary-Butyl Methacrylate
Market: Overview
Tertiary-Butyl
Methacrylate is defined as a colorless liquid with an ester like odor. It is
less dense than water and insoluble in water. It has the molecular formula
C8H14O2. Its other chemical names are 85-07-9, tert-butyl
2-methylprop-2-enoate, methacrylic acid, tert-butyl ester, 2-Propenoic acid,
etc.
Tertiary-butyl
methacrylate undergoes a decomposition process where the thermal decomposition
of poly (t-butyl methacrylate) results in three distinct reactions:
depolymerization to monomer, ester decomposition to isobutene and
poly(methacrylic acid), and liberation of water from the resulting acid to give
poly(methacrylic anhydride) as the ultimate in volatile residue.
Depolymerization occurs rapidly at first but is soon completely inhibited by
the products of ester decomposition. Methacrylic acid units, on the other hand,
can depropagate quite readily since monomeric methacrylic acid is always found
among volatile products in trace amounts. The ester decomposition phase of the
reaction exhibits autocatalytic properties, and this is shown to be due to a
catalytic effect of acid units on the decomposition of adjacent ester units,
for which a mechanism is proposed.
Factors
such as rise in demand from end-use industries such as automotive and
construction are major drivers of the Tertiary-Butyl
Methacrylate market owing to its wide usage. Moreover, the increase in
demand for tertiary-butyl methacrylate in LCD and LED flat screens is also
propelling the Tertiary-Butyl Methacrylate market. Furthermore, high investments
in R&D activities by global manufacturers are anticipated ensure a robust
expansion in the Tertiary-Butyl Methacrylate market. However, availability of
substitutes is expected to hamper the expansion of the Tertiary-Butyl
Methacrylate market.
Global Tertiary-Butyl Methacrylate Market: Key Segmets
Based on
derivative, the Tertiary-Butyl Methacrylate market can be segmented into ethyl
methacrylate, butyl methacrylate, methyl methacrylate, and tertiary-butyl
methacrylate.
In terms
of application, the tertiary-butyl methacrylate market can be classified into
acrylic sheets, molding, paints & coatings, additives, and others. The
molding segment dominated the tertiary-butyl methacrylate market owing to
increase in demand for acrylic resins in end-use products such as tail lights
of trucks and cars, instruments, clusters, etc.
Based on
end-use industry, the Tertiary-Butyl Methacrylate market can be categorized
into architecture & construction, advertisement & communication,
electronics, automotive, and others. The automotive segment leads the market
owing to widespread use of tertiary-butyl methacrylate in automotive glazing.
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In terms
of geography, the Tertiary-Butyl Methacrylate market can be segmented into
North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. Asia Pacific is expected to lead the Tertiary-Butyl Methacrylate
market owing to rise in building & construction activities in the region.
Global Tertiary-Butyl Methacrylate Market: Key Players
Key
players operating in the Tertiary-Butyl Methacrylate Market include Nippon
Shokubai, Mitsubishi Chemical, Sumitomo Chemical, BASF, Eastman Chemical
Company, LG Chem, The DOW Chemical Company, Evonik Industries, Arkema, and
Hitachi Chemical.
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