Dimethylaminoethyl Acrylate Market: An Overview
Dimethylaminoethyl acrylate’s application is limited in the industry due to serious regulations associated. Trade of the diethylaminiethyl acrylate is regulated owing to the health risk associated with it.
Diethylaminiethyl acrylate is directly sold to the manufacturers under the two-tariff plan. Most of the dimethylaminoethyl acrylate produced is utilized to manufacture homo and copolymers to produce cationic polymers flocculants for paper & pulp industries and water treatment industries.
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Prominent consumers of dimethylaminoethyl acrylate are SNF, Kemira Oyj, Kurita Water Industries, Dow Chemicals, Ecolab and bundle of other medium scale and small scale manufacturers spread across the globe.
Apart from its application in water treatment industry, dimethylaminoethyl acrylate monomer is utilized to manufacture various homopolymers and copolymers in reaction with key chemicals such as vinyl acetate, chlorethane, styrene and bundle of other monomers. The polymer produced are further used in resins, paints, adhesives, coatings and bundle of other industries.
Demand for dimethylaminoethyl acrylate could be assessed in accordance with the polymers, water treatment chemicals and pulp & paper industry growth. In the past half-decade demand of dimethylaminoethyl acrylate grew at a nominal CAGR.
But in FY2020, demand for dimethylaminoethyl acrylate declined by near 4% across the region owing to the product sales concentration in water treatment and polymer industry. Price elasticity of the demand for the product is low in the market owing the presence of less number of substitutes of the product in the market.
Water Treatment Chemicals Application is set to Provide Long-Run Thrust to the Market
Dimethylaminoethyl Acrylate is key input for manufacturing flocculant for water treatment purposes. Dimethylaminoethyl Acrylate flocculants are extensively used water treatment chemicals across the industries.
This portrays a strong market position of the dimethylaminoethyl acrylate over the forecast period. Moreover its application as a key monomer in manufacturing bundle of copolymers and homopolymers enhances the stance of the chemical in medium run and long run forecast period.
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COVID-19 to Shrink the Dimethylaminoethyl Acrylate Market
COVID-19 has squeezed the economies which cascaded the effect to majority of the products across the globe in the past two quarters i.e., 2nd quarter and 3rd quarter of FY2020. Positive growth of the market is set to be observed in the fourth quarter of FY2020 and the overall market resurrection by 3rd quarter of FY2021.
On the microeconomic perspective, prices of the product has declined by near 3-5% varying from region to region. Inclination of the product price could be observed by the end of the FY2020.
Segmentation analysis of Dimethylaminoethyl Acrylate Market:
The global Dimethylaminoethyl Acrylate market is bifurcated into four major segments: purity, application, end-use industry and region.
On the basis of Purity, Dimethylaminoethyl Acrylate market has been segmented as follows:
- 90% – 95%
- 95% -98%
On the basis of application, Dimethylaminoethyl Acrylate market has been segmented as follows:
- Chemical Intermediate
- Active Pharmaceutical Ingredient
On the basis of End-use industry, Dimethylaminoethyl Acrylate market has been segmented as follows:
- Water Treatment Industry
- Dye Industry
- Polymer Industry
On the basis of geographic regions, Dimethylaminoethyl Acrylate market is segmented as
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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