Amino Methacrylate Copolymer Market Size (2022 – 2030)

In 2023, the Global Amino Methacrylate Copolymer Market was valued at USD 1.24 billion and is projected to reach a market size of USD 1.57 billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 3.4%.

INDUSTRY OVERVIEW

A common coating material for pellet and tablet dosage forms, amino methacrylate copolymer is a pharmaceutical excipient. Ionic medicines may interact with the coating layer while being transported through it because of the polymer's charged amino functional groups. To define the impact of ionic interaction between the ionic pharmaceuticals and the membranes, the kinetic swelling and drug permeability characteristics of the amino methacrylate copolymer membranes were investigated. They are widely employed as an excipient from coating for purposes such as merely mechanical stabilization, moisture protection, and taste or odor masking in the pharmaceutical and food sectors. Because sodium polyacrylate is present, the emollient property of personnel care and cosmetic items makes them beneficial for agents that improve skin condition. Other properties include emulsion stabilizer, binder, artificial nail builder, personal cleanliness, film former, and hair fixative of amino methacrylate copolymer. Because of these properties, they are widely used in the production of eye makeup, shaving, oral care, nail, fragrance, hair care & color, and sun protection products. The FDA and European Food Safety Rules (EFSA) for food and dangerous chemicals, for example, are examples of government pharmaceutical standard regulations that may impede market expansion.

COVID-19 IMPACT ON THE AMINO METHACRYLATE COPOLYMER MARKET

During the COVID-19 pandemic, the amino methacrylate copolymer business saw a drop in its market share. The COVID-19 pandemic has slightly slowed the expansion of the Amino Methacrylate copolymers in three ways: by directly impacting demand and production, by having an economic impact on manufacturing companies, and by disrupting supply chains and markets. The pandemic's effects on several drug and vaccine markets are essentially foreseeable. The new coronavirus has caused the amino methacrylate copolymer industry to adjust to the disturbance, which has negatively impacted business productivity in numerous ways. The implementation of lockdown procedures prompted the R&D staff to remain at home in order to prevent the infection which delayed the production and research work. Before receiving instructions from the government authorities to reopen, manufacturing enterprises continued to shut down all of their operations at their workplaces and manufacturing facilities. In addition, the thermal spray-painting sector saw a considerable decline in production as a result of the drop in laborer’s due to social distance rules during the COVID-19 pandemic.

MARKET DRIVERS: 

Since the amino methacrylate copolymer has a wide range of applications in medical formulations and drug-related products, the growth statistics of the pharmaceutical industry have a significant impact on the supply and demand for amino methacrylate copolymers globally

The development and growth of the pharmaceutical industries are the main drivers of the worldwide amino methacrylate copolymer market. In drug product formulations, when the need for property modification in a specific application has to be addressed, the amino methacrylate copolymer plays a significant role. The worldwide amino methacrylate copolymer market is also driven by the rising demand for additives. During the forecast period, the demand for specialty copolymers is anticipated to drive the global amino methacrylate copolymer market.

During the projected period, the market is estimated to benefit from an increase in FDI investment in the medical sector to raise medical standards and technology in growing economies like China and India

Amino Methacrylate copolymers are increasingly in demand as a result of technological advancements in the pharmaceutical business. Increasing FDI investment in the medical sector is estimated to boost the market during the forecast period as it aims to raise medical standards and technology in developing nations like China and India.

MARKET RESTRAINTS:

Strict government regulations may hamper the market growth

The strict government regulation in approving any drug is very strict and varied in different parts of the world. The product has to undergo several clinical trials and tests before being authorized for sale or usage. This is a time-consuming process. The FDA and European Food Safety Rules (EFSA) for food and dangerous chemicals, for example, are examples of government pharmaceutical standard regulations that may impede market expansion.

The lack of a skilled workforce in the genomics market is projected to hamper the market growth

As the industry expands, it may encounter significant employment challenges, particularly in emerging industries as it requires skilled professionals. A shortage of competent professionals will have a detrimental impact on the market's continuous expansion. Over the years, the necessity for qualified personnel and experience has remained constant. This issue is anticipated to intensify, posing a significant impediment to market expansion.

AMINO METHACRYLATE COPOLYMER MARKET REPORT COVERAGE:

This research report on the Amino Methacrylate Copolymer Market has been segmented and sub-segmented based on Application and By Region.

AMINO METHACRYLATE COPOLYMER MARKET - BY APPLICATION

• Tablet
• Capsule
• Others

Based on the application the Amino Methacrylate Copolymer Market is segmented into Tablets, Capsules and Others. The global market for butylated methacrylate copolymers is being driven by an increase in demand for this material in a variety of applications, including transdermal therapeutic systems, enteric coating, film coating, taste masking for harsh medications, moisture barrier coating, and enteric coating.

AMINO METHACRYLATE COPOLYMER MARKET - BY REGION

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

By region, the Amino Methacrylate Copolymer Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. During the projection period, North America is anticipated to be the top consumer of methacrylate copolymers, followed by Europe. North American demand for amino methacrylate copolymers is being driven by an increase in technological advancements in the pharmaceutical business in the United States. During the forecast period, it is anticipated that amino methacrylate copolymers would become increasingly popular in medication and medical formulations, particularly in France, Russia, and Germany. The Asia Pacific market is anticipated to grow significantly during the forecast period. During the forecast period, the market is anticipated to benefit from an increase in FDI investment in the medical sector as a result of efforts to raise medical standards and technology in developing nations like China and India. In terms of the demand for methacrylate copolymers, Latin America and the Middle East and Africa are the least appealing regions. The market in these areas is being hampered by a lack of consumer awareness of the products and a large reliance on raw material imports. However, it is anticipated that throughout the projected period, amino methacrylate copolymer sales would expand due to rising government attempts to raise health standards and rising investments in new medical technologies.

AMINO METHACRYLATE COPOLYMER MARKET - BY COMPANIES

Some of the major players operating in the Amino Methacrylate Copolymer Market include:

1. The Dow Chemical Company
2. E. I. du Pont de Nemours and Company
3. Corel Pharma Chem.
4. Akzo Nobel N.V.
5. BASF SE
6. Croda Inc.
7. Evonik Industries
8. Network Polymers, Inc.
9. Sigma-Aldrich Co. LLC.
10. Vikram Thermo (India) Limited

NOTABLE HAPPENING IN THE AMINO METHACRYLATE COPOLYMER MARKET

• EXPANSION - Evonik Industries announced intentions to build a new line in 2019 at its facility in Osceola, Arkansas, in the United States for the production of PMMA under the ACRYLITE name. In the first quarter of 2019, the new production line is probably going to start working. Methacrylate copolymer production capacity for the corporation is anticipated to increase by a factor of two as a result.