According to Future Market Insights, the global market of 3,3-dimethylacrylic acid methyl ester is projected to expand at a moderate growth rate of 4.2% during the forecast period. The market value is expected to grow from US$ 34,140.5 thousand in 2023 to US$ 51,327.8 thousand by 2033. Substantial growth in chemical industry is aiding the market growth.
| Attributes | Details |
|---|---|
| 3,3-Dimethylacrylic Acid Methyl Ester Market Size (2023) | US$ 34,140.5 Thousand |
| Forecasted Market Size (2033) | US$ 51,327.8 Thousand |
| Value CAGR (2023 to 2033) | 4.2% |
| Collective Value Share: Top 5 Countries (2023E) | 60 to 65% |
3,3-Dimethylacrylic acid methyl ester is a colorless liquid used as a raw material and intermediate for the production of various organic compounds including piroctone olamine. It is used in the production of washing and chemical products along with pharmaceutical intermediates.
This organic chemical is further used as an intermediate in the manufacturing of pesticides and other agrochemicals. 3,3-Dimethylacrylic Acid Methyl Ester is significantly used in laboratories for scientific research and a fair share of the overall consumption is used in commercial applications.
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From 2018 to 2022, the market grew with a sluggish CAGR of 2.0%. Although from 2022 onwards, the demand and production of 3,3-dimethylacrylic acid methyl ester are set to rise owing to various sets of development witnessed by end-use industries.
The market is projected to expand at a steady CAGR of 4.2% in the forecast period of 2023 to 2033. Significant increases in the demand for raw materials and intermediates from numerous end-use industries to propel the CAGR over the forecast period. This can create lucrative growth opportunities for the manufacturers operating in the market.
3,3-Dimethylacrylic Acid Methyl Ester is also used in the production of anti-dandruff shampoos as an intermediate, substantial growth in the demand for shampoos is also expected to create growth opportunities for the market of 3,3-Dimethylacrylic Acid Methyl Ester.
The demand for organic and specialty chemicals is increasing significantly due to the growing demand for the production of drugs, medicines, pesticides, and other chemicals. 3,3-Dimethylacrylic acid methyl ester is used as a base material for producing organic chemicals and pesticides. The growing need for intermediates in the chemical industry for making pesticides, dyes, and certain organic chemicals is expected to boost the market for 3,3-dimethylacrylic acid methyl ester.
The demand for 3,3-dimethylacrylic acid methyl ester is expected to grow due to its use as a lab reagent and increased investment in R&D. Investment by manufacturers, organizations, and institutions in finding new applications for the chemical and improving production processes is also expected to increase demand for it in the future.
The pharmaceutical industry is experiencing substantial growth globally due to the high demand for medicine and drugs. There has been an increase in the consumption of various medicinal drugs and APIs in recent years. As the pharmaceutical industry grows, there is also an increase in demand for organic chemicals, solvents, raw materials, and intermediates.
Additionally, advancements in the healthcare industry and the discovery of new medicines are contributing to the growth of the 3,3-Dimethylacrylic Acid Methyl Ester market.
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Governments and regulatory organizations are becoming stricter with their environmental regulations regarding the production and use of hazardous chemicals. Companies are required to adhere to these standards, including proper disposal of waste from chemical production. This increased regulation is having a negative effect on the growth of the 3,3-Dimethylacrylic Acid Methyl Ester market because the substance is flammable. Additionally, restrictions on raw material supplies in few regions may disrupt the supply chain, potentially restricting the growth of the organic chemicals market.
The level of purity in manufactured chemicals must meet quality control regulations. Different manufacturing processes and products require different levels of purity of raw materials. 3,3-dimethylacrylic acid methyl ester with a purity of 98% or less is used in organic chemical synthesis, agrochemical manufacturing, and other chemical production. On the other hand, 3,3-dimethylacrylic acid methyl ester with a purity level above 98% is used in pharmaceutical and drug manufacturing, organic chemical production, and as a laboratory chemical.
In the forecast period, several developments in the manufacturing sector to obtain the purest form of this organic ester will bolster the market for the >98% purity segment. According to FMI analysis, the segment will grow with a significant CAGR and capture close to 90% of the global market.
Based on the applications, the chemical reagent segment is anticipated to hold dominant share of the market. The usage of 3,3-dimethylacrylic acid methyl ester as a laboratory reagent for analysing different chemicals and synthesis reactants for lab-scale production of organic compounds is expected to spur the demand.
As per the FMI analysis, the chemical reagent segment is expected to hold an absolute dollar opportunity of 10,800.0 thousand from 2023 to 2033.
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| Country | United States |
|---|---|
| Market Share (2023) | 16.1% |
| Market Share (2033) | 15.8% |
| BPS Analysis | -30 |
| Country | China |
|---|---|
| Market Share (2023) | 31.4% |
| Market Share (2033) | 32.9% |
| BPS Analysis | +150 |
| Country | Germany |
|---|---|
| Market Share (2023) | 3.4% |
| Market Share (2033) | 3.4% |
| BPS Analysis | -0 |
| Country | Japan |
|---|---|
| Market Share (2023) | 6.2% |
| Market Share (2033) | 6.0% |
| BPS Analysis | -20 |
| Country | India |
|---|---|
| Market Share (2023) | 4.9% |
| Market Share (2033) | 5.3% |
| BPS Analysis | +40 |
China is a leading chemical supplier due to its abundant raw materials, favourable government policies, large labour force, economies of scale, and strong infrastructure. The country also has a well-developed infrastructure, including transportation and energy systems, which supports the production and distribution of chemicals, making it a highly competitive player in the global market.
In the developing market of 3,3-dimethylacrylic acid methyl ester, China has established itself as a leading supplier to the global market owing to the above-mentioned strategies. Presently Chinese manufacturers account for 75% of the East Asian market and its market size is expected to expand at a considerable growth rate of 4.7% during the forecast period.
The United States is a leading player in the global pharmaceutical industry and holds a significant share of the worldwide market for prescription drug spending. On a per capita basis, the USA accounts for anywhere between 30 to 40 percent of total global spending on prescription drugs. The country is home to many of the world's top pharmaceutical companies, which are continually investing in research and development of new drug formulations. These investments and innovations are projected to drive growth in the market in the coming years.
Key players in the 3,3-dimethylacrylic acid methyl ester market acquire a prominent share making it fairly consolidated among themselves. Certain leading players in the market of 3,3-dimethylacrylic acid methyl ester are focusing on the expansion of their production capacities by manufacturing the compound at pilot scales.
For instance, in June 2021, Hangzhou Longshine Bio-Tech Co., Ltd started supplying 3,3 Dimethyl acrylic acid methyl ester for making Piroctone Olamine, pharmaceutical intermediates, and chemical products.
Further, to increase their worldwide reach, several manufacturers are working on improving their supply chain and building relationships with end-users. This is being done by offering 3,3-dimethylacrylic acid methyl ester through contract manufacturing, in order to increase their profits. Currently, the market is dominated by Chinese companies, who are mostly based in China and offer products through contract manufacturing. The market is yet to be fully tapped into and no significant product-related advancements or activities have been noticed in recent times.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USA Dollar Thousand, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Market Segments Covered |
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| Regions Covered |
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| Key Countries Covered |
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| Key Companies Profiled |
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| Customization and Pricing | Available upon Request |
The 3,3-dimethylacryclic acid ester methyl market is worth US$ 34,140.5 thousand in 2023.
The 3,3-dimethylacryclic acid ester methyl market is anticipated to be worth US$ 51,327.8 thousand by 2033.
The top 5 countries occupy nearly 60% to 65% of the market collective value share.
India holds nearly 5.3% of the market share in 2023.
China is anticipated to occupy nearly 32.9% of the market share by 2033.
1. Executive Summary | 3,3-Dimethylacrylic Acid Methyl Ester Market 1.1. Global Market Outlook 1.2. Market Split by Segments 1.3. Demand Side Trends 1.4. Supply Side Trends 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Purity 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Thousand) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Thousand) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Chemical Industry Outlook 8.1.3. Global Chemical Sales Overview 8.1.4. Global Healthcare Sector Outlook 8.1.5. Global Pharmaceuticals Industry Overview 8.1.6. Global Pesticide Consumption Overview 8.2. Forecast Factors - Relevance & Impact 8.2.1. GDP Growth forecast 8.2.2. Chemical Industry Growth Outlook 8.2.3. End-User Sector Growth Outlook 8.2.4. Top company’s Historical growth rate 8.2.5. Impact of Regulations 8.2.6. Investment in Research & Development 8.3. Value Chain 8.3.1. Raw Material Suppliers 8.3.2. Product Manufacturers 8.3.3. Probable End-Users 8.3.4. Avg. Profitability Margins 8.4. Market Dynamics 8.4.1. Drivers 8.4.2. Restraints 8.4.3. Opportunity Analysis 8.5. Global Supply Demand Analysis 8.6. COVID-19 Crisis – Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Purity 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Purity, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Purity, 2023 to 2033 9.3.1.1. <98% 9.3.1.2. >98% 9.4. Market Attractiveness Analysis By Purity 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033 10.3.1. Pharmaceuticals 10.3.2. Chemical Reagent 10.3.3. Flavoring Agent 10.3.4. Others 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Western Europe 11.3.4. Eastern Europe 11.3.5. Russia & Belarus 11.3.6. East Asia 11.3.7. South Asia & Pacific 11.3.8. Middle East & Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 12.3.1. By Country 12.3.1.1. The USA 12.3.1.2. Canada 12.3.2. By Purity 12.3.3. By Application 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Purity 12.4.3. By Application 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Argentina 13.3.1.4. Rest of Latin America 13.3.2. By Purity 13.3.3. By Application 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Purity 13.4.3. By Application 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Country 14.3.1.1. Germany 14.3.1.2. Italy 14.3.1.3. France 14.3.1.4. United Kingdom 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. NORDICS 14.3.1.8. Rest of Western Europe 14.3.2. By Purity 14.3.3. By Application 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Purity 14.4.3. By Application 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Country 15.3.1.1. Poland 15.3.1.2. Hungary 15.3.1.3. Romania 15.3.1.4. Czech Republic 15.3.1.5. Rest of Eastern Europe 15.3.2. By Purity 15.3.3. By Application 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Purity 15.4.3. By Application 16. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Purity 16.3.2. By Application 16.4. Market Attractiveness Analysis 16.4.1. By Purity 16.4.2. By Application 17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 17.3.1. By Country 17.3.1.1. India 17.3.1.2. ASEAN 17.3.1.3. Oceania 17.3.1.4. Rest of South Asia & Pacific 17.3.2. By Purity 17.3.3. By Application 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Purity 17.4.3. By Application 18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 18.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 18.3.1. By Country 18.3.1.1. China 18.3.1.2. Japan 18.3.1.3. South Korea 18.3.2. By Purity 18.3.3. By Application 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Purity 18.4.3. By Application 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction 19.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 19.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 19.3.1. By Country 19.3.1.1. Gulf Cooperation Council countries 19.3.1.2. Turkiye 19.3.1.3. Northern Africa 19.3.1.4. South Africa 19.3.1.5. Rest of Middle East and Africa 19.3.2. By Purity 19.3.3. By Application 19.4. Market Attractiveness Analysis 19.4.1. By Country 19.4.2. By Purity 19.4.3. By Application 20. Country wise Market Analysis 20.1. USA Market Analysis 20.1.1. By Purity 20.1.2. By Application 20.2. Canada Market Analysis 20.2.1. By Purity 20.2.2. By Application 20.3. Mexico Market Analysis 20.3.1. By Purity 20.3.2. By Application 20.4. Brazil Market Analysis 20.4.1. By Purity 20.4.2. By Application 20.5. Germany Market Analysis 20.5.1. By Purity 20.5.2. By Application 20.6. Italy Market Analysis 20.6.1. By Purity 20.6.2. By Application 20.7. France Market Analysis 20.7.1. By Purity 20.7.2. By Application 20.8. United Kingdom Market Analysis 20.8.1. By Purity 20.8.2. By Application 20.9. Spain Market Analysis 20.9.1. By Purity 20.9.2. By Application 20.10. BENELUX Market Analysis 20.10.1. By Purity 20.10.2. By Application 20.11. NORDICS Market Analysis 20.11.1. By Purity 20.11.2. By Application 20.12. Poland Market Analysis 20.12.1. By Purity 20.12.2. By Application 20.13. Hungary Market Analysis 20.13.1. By Purity 20.13.2. By Application 20.14. Romania Market Analysis 20.14.1. By Purity 20.14.2. By Application 20.15. Czech Republic Market Analysis 20.15.1. By Purity 20.15.2. By Application 20.16. China Market Analysis 20.16.1. By Purity 20.16.2. By Application 20.17. Japan Market Analysis 20.17.1. By Purity 20.17.2. By Application 20.18. S. Korea Market Analysis 20.18.1. By Purity 20.18.2. By Application 20.19. India Market Analysis 20.19.1. By Purity 20.19.2. By Application 20.20. Association of South East Asian Nations Market Analysis 20.20.1. By Purity 20.20.2. By Application 20.21. Australia and New Zealand Market Analysis 20.21.1. By Purity 20.21.2. By Application 20.22. Gulf Cooperation Council countries Market Analysis 20.22.1. By Purity 20.22.2. By Application 20.23. Turkiye Africa Market Analysis 20.23.1. By Purity 20.23.2. By Application 20.24. Northern Africa Market Analysis 20.24.1. By Purity 20.24.2. By Application 20.25. South Africa Market Analysis 20.25.1. By Purity 20.25.2. By Application 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional Footprint of Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep Dive 22.3.1. Weylchem International GmbH 22.3.1.1. Overview 22.3.1.2. Product Portfolio 22.3.1.3. Profitability by Market Segments (Product/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. TCI Chemicals India Pvt. Ltd. 22.3.2.1. Overview 22.3.2.2. Product Portfolio 22.3.2.3. Profitability by Market Segments (Product/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.3. Synerzine, Inc. 22.3.3.1. Overview 22.3.3.2. Product Portfolio 22.3.3.3. Profitability by Market Segments (Product/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.4. Aurora Fine Chemicals 22.3.4.1. Overview 22.3.4.2. Product Portfolio 22.3.4.3. Profitability by Market Segments (Product/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.5. Qingdao Bangli Chemcial Co., Ltd. 22.3.5.1. Overview 22.3.5.2. Product Portfolio 22.3.5.3. Profitability by Market Segments (Product/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.6. Gansu Zeyou New Materials Co., Ltd. 22.3.6.1. Overview 22.3.6.2. Product Portfolio 22.3.6.3. Profitability by Market Segments (Product/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.7. Shandong Xinhua Pharmaceutical Co. Ltd., 22.3.7.1. Overview 22.3.7.2. Product Portfolio 22.3.7.3. Profitability by Market Segments (Product/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.8. Innopharm chem 22.3.8.1. Overview 22.3.8.2. Product Portfolio 22.3.8.3. Profitability by Market Segments (Product/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.9. HANGZHOU LONGSHINE BIO-TECH CO., LTD 22.3.9.1. Overview 22.3.9.2. Product Portfolio 22.3.9.3. Profitability by Market Segments (Product/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.10. Spectrum chemical mfg. corp. 22.3.10.1. Overview 22.3.10.2. Product Portfolio 22.3.10.3. Profitability by Market Segments (Product/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 22.3.11. Hefei TNJ Chemical Industry Co.,Ltd. 22.3.11.1. Overview 22.3.11.2. Product Portfolio 22.3.11.3. Profitability by Market Segments (Product/Channel/Region) 22.3.11.4. Sales Footprint 22.3.11.5. Strategy Overview 22.3.12. Vortex Product limited 22.3.12.1. Overview 22.3.12.2. Product Portfolio 22.3.12.3. Profitability by Market Segments (Product/Channel/Region) 22.3.12.4. Sales Footprint 22.3.12.5. Strategy Overview 22.3.13. Hunan Huateng Pharmaceutical Co., Ltd 22.3.13.1. Overview 22.3.13.2. Product Portfolio 22.3.13.3. Profitability by Market Segments (Product/Channel/Region) 22.3.13.4. Sales Footprint 22.3.13.5. Strategy Overview 22.3.14. Dayang chem (Hangzhou) Co., Ltd. 22.3.14.1. Overview 22.3.14.2. Product Portfolio 22.3.14.3. Profitability by Market Segments (Product/Channel/Region) 22.3.14.4. Sales Footprint 22.3.14.5. Strategy Overview 23. Assumptions and Acronyms Used 24. Research Methodology
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3,3-Dimethylacrylic Acid Methyl Ester Market
