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.
Principal Consultant
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 |
|
| Regions Covered |
|
| Key Countries Covered |
|
| Key Companies Profiled |
|
| 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
