The global export market for methacrylic acid and its salts is led by the United States, Germany, Belgium, and South Korea, collectively contributing over 70% of the market share in 2023. The U.S. saw a robust growth of 3.42% in 2023, while Australia and Brazil showed significant year-on-year increases of 10.92% and 7.31%, respectively. Conversely, Japan experienced a notable decline of 9.19%. The five-year CAGR reflects a mixed trend with burgeoning growth in emerging markets such as Malaysia and Brazil, while some traditional exporters saw fluctuations in their market shares.
For future trends, the global export landscape of methacrylic acid and its salts is expected to see continued growth led by advancements in chemical processing technologies and increasing demand in sectors such as automotive coatings and electronics. Observing the economic and regulatory shifts in major producing countries, alongside the potential expansion into new markets, will be critical in gauging future market dynamics.
Top countries in Export of Methacrylic Acid and Its Salts Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 19.91 | 2023 | +3.43% | +3.42% | View data |
| 2 | 2 Germany | 19.28 | 2023 | +0.87% | +0.2% | View data |
| 3 | 3 Belgium | 16.4 | 2023 | +4.19% | +1.89% | View data |
| 4 | 4 South Korea | 16.22 | 2023 | +4.01% | +2.72% | View data |
| 5 | 5 China | 13.62 | 2023 | +4.36% | +3.15% | View data |
| 6 | 6 Thailand | 10.78 | 2023 | +5.84% | +3.92% | View data |
| 7 | 7 Japan | 4.34 | 2023 | -2.81% | -9.19% | View data |
| 8 | 8 Netherlands | 2.32 | 2023 | +3.92% | +2.96% | View data |
| 9 | 9 Spain | 0.098 | 2023 | +5.07% | +2.5% | View data |
| 10 | 10 Malaysia | 0.065 | 2023 | +1.99% | +5.06% | View data |
