PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638935
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638935
Global Methyl Methacrylate Market Size Study, by Application (Chemical Intermediates, Surface Coatings, Emulsion Polymer) by End-Use Industry (Automotive, Construction, Electronics, Others) and Regional Forecasts 2022-2032
The Global Methyl Methacrylate Market, valued at approximately USD 8.0 billion in 2023, is projected to grow at an impressive compound annual growth rate (CAGR) of 12.46% over the forecast period 2024-2032. Methyl methacrylate (MMA), a versatile monomer, serves as the cornerstone for the production of polymethyl methacrylate (PMMA) and other derivatives that underpin a variety of applications. From robust automotive components to high-performance surface coatings, MMA's unique chemical and physical properties enable its extensive adoption across diverse industries.
The burgeoning automotive and construction sectors are major growth drivers for the MMA market, given its integral role in producing durable and lightweight components. Surface coatings and emulsion polymers derived from MMA are witnessing heightened demand due to their superior weather resistance and aesthetic appeal, critical for modern construction and electronics. Additionally, the increasing focus on sustainability has led to innovations in MMA production, with eco-friendly technologies gaining traction to address regulatory and environmental challenges. Despite the potential for significant growth, the market faces hurdles such as fluctuating raw material prices and stringent compliance requirements, which could dampen growth to some extent.
Geographically, Asia Pacific leads the market, fueled by rapid industrialization, burgeoning construction activities, and a robust automotive production base. Regions such as North America and Europe are experiencing steady growth due to advancements in sustainable MMA production technologies and the increasing adoption of MMA in premium applications like electronic components and architectural designs. Furthermore, government incentives and private investments in green infrastructure and automotive innovations are enhancing the market's scope in these regions.
Strategic initiatives by key market players are intensifying competition, with collaborations and investments in R&D fostering the development of cost-effective and high-performance MMA products. Companies are also capitalizing on opportunities in emerging economies, where industrialization and urbanization continue to create new growth avenues.
Major market players included in this report are:
- Mitsubishi Chemical Holdings Corporation
- Evonik Industries AG
- Dow Inc.
- LG Chem
- Arkema S.A.
- Asahi Kasei Corporation
- BASF SE
- Sumitomo Chemical Co., Ltd.
- SABIC
- Lucite International
- Kolon Industries, Inc.
- Fushun Anxin Chemical Co., Ltd.
- Plaskolite LLC
- Aristech Surfaces LLC
- Unigel Group
The detailed segments and sub-segment of the market are explained below:
By Application:
- Chemical Intermediates
- Surface Coatings
- Emulsion Polymer
By End-Use Industry:
- Automotive
- Construction
- Electronics
- Others
By Region:
North America:
- U.S.
- Canada
Europe:
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year: 2022
- Base year: 2023
- Forecast period: 2024 to 2032
Key Takeaways:
- Market estimates and forecasts for 10 years, from 2022 to 2032.
- Comprehensive regional-level analysis highlighting growth trends and key drivers.
- Detailed segmentation and insights into market dynamics.
- Competitive landscape analysis of major players with strategic recommendations.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Methyl Methacrylate Market Executive Summary
- 1.1. Global Methyl Methacrylate Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.1.1. Chemical Intermediates
- 1.3.1.2. Surface Coatings
- 1.3.1.3. Emulsion Polymer
- 1.3.2. By End-Use Industry
- 1.3.2.1. Automotive
- 1.3.2.2. Construction
- 1.3.2.3. Electronics
- 1.3.2.4. Others
- 1.3.1. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Methyl Methacrylate Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Methyl Methacrylate Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Demand from Automotive and Construction Industries
- 3.1.2. Advancements in Sustainable MMA Production Technologies
- 3.1.3. Growing Adoption in Electronics and Premium Applications
- 3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Compliance and Environmental Regulations
- 3.3. Market Opportunities
- 3.3.1. Development of Cost-Effective and High-Performance MMA Products
- 3.3.2. Expansion into Emerging Economies
- 3.3.3. Strategic Collaborations and Investments in R&D
Chapter 4. Global Methyl Methacrylate Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Methyl Methacrylate Market Size & Forecasts by Application 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global MMA Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Chemical Intermediates
- 5.2.2. Surface Coatings
- 5.2.3. Emulsion Polymer
Chapter 6. Global Methyl Methacrylate Market Size & Forecasts by End-Use Industry 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global MMA Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Automotive
- 6.2.2. Construction
- 6.2.3. Electronics
- 6.2.4. Others
Chapter 7. Global Methyl Methacrylate Market Size & Forecasts by Region 2022-2032
- 7.1. North America MMA Market
- 7.1.1. U.S. MMA Market
- 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. End-Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada MMA Market
- 7.1.1. U.S. MMA Market
- 7.2. Europe MMA Market
- 7.2.1. UK MMA Market
- 7.2.2. Germany MMA Market
- 7.2.3. France MMA Market
- 7.2.4. Spain MMA Market
- 7.2.5. Italy MMA Market
- 7.2.6. Rest of Europe MMA Market
- 7.3. Asia-Pacific MMA Market
- 7.3.1. China MMA Market
- 7.3.2. India MMA Market
- 7.3.3. Japan MMA Market
- 7.3.4. Australia MMA Market
- 7.3.5. South Korea MMA Market
- 7.3.6. Rest of Asia Pacific MMA Market
- 7.4. Latin America MMA Market
- 7.4.1. Brazil MMA Market
- 7.4.2. Mexico MMA Market
- 7.4.3. Rest of Latin America MMA Market
- 7.5. Middle East & Africa MMA Market
- 7.5.1. Saudi Arabia MMA Market
- 7.5.2. South Africa MMA Market
- 7.5.3. Rest of Middle East & Africa MMA Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Mitsubishi Chemical Holdings Corporation
- 8.1.2. Evonik Industries AG
- 8.1.3. Dow Inc.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Mitsubishi Chemical Holdings Corporation
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Evonik Industries AG
- 8.3.3. Dow Inc.
- 8.3.4. LG Chem
- 8.3.5. Arkema S.A.
- 8.3.6. Asahi Kasei Corporation
- 8.3.7. BASF SE
- 8.3.8. Sumitomo Chemical Co., Ltd.
- 8.3.9. SABIC
- 8.3.10. Lucite International
- 8.3.1. Mitsubishi Chemical Holdings Corporation
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
