2-MethylPropenoic Acid Market
2-Methyl-Propenoic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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2-Methyl-Propenoic Acid Market Size and Growth
The 2-Methyl-Propenoic Acid market is experiencing steady growth due to rising demand in coatings, adhesives, and plastics. As of 2023, the market size is valued at approximately $1.2 billion, with projections indicating continued expansion driven by technological advancements and increasing industrial applications. Competitive dynamics favor innovative product development.
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Companies Covered
(Covid 19 Impact Covered)
◍ Mitsubishi Chemical
◍ MGC
◍ Kuraray
◍ LG
◍ Dow
◍ Basf
◍ Evonik
◍ Formosa
◍ Hefa Chem
◍ Jiangsu Sanyi
The 2-Methyl-Propenoic Acid market features key players like Mitsubishi Chemical, BASF, and Dow, utilizing the compound in adhesives, coatings, and polymers. These companies drive market growth through innovation, expanding production capacities, and strategic partnerships. For instance, BASF generated approximately $78 billion in revenue, reflecting strong market presence.
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Market Segmentation
By Application
By Product
◍ Acetone Cyanohydrin Method
◍ Coating Field
Isobutylene Oxidation Method ◍ Ester Synthesis
◍ Adhesive Field
◍ Textile Field
◍ Others
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Market Growth
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$ X Billion USD
