Methyl Methacrylate Market, By Application (Polymethyl Methacrylate, Surface Coating, and Others), By End-use Industry, By Geography

PUBLISHED: June 13, 2024

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Description

The methyl methacrylate market is estimated to be valued at USD 18.21 Bn in 2024 and is expected to reach USD 30.61 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

Figure 1. Methyl Methacrylate Market Share (%), By Region, 2024

Methyl methacrylate (MMA) is an organic compound that is widely used in the production of acrylic resins, coatings, and various acrylic products. As an important monomer in polymer chemistry, MMA is one of the key raw materials used to the manufacture polymethyl methacrylate (PMMA), which finds diverse applications ranging from automotive and construction to medical devices and consumer goods. The global methyl methacrylate market has witnessed steady growth over the past few years owing to the rising demand for PMMA from different end-use industries. Other major factors spurring the market include rapid urbanization, growth in the building & construction sector, and increasing disposable income in developing nations.

Market Dynamics:

The global methyl methacrylate market is primarily driven by the rising usage of PMMA in various applications such as automotive, construction, electronics, signs & displays, and medical sectors. PMMA exhibits several properties including optical clarity, dimensional stability, high gloss, and light weight which make it a preferred substitute for glass. However, volatility in raw material prices owing to supply chain disruptions is a major factor hindering the market growth. Moreover, rising environmental concerns due to toxic emissions from MMA production poses challenges. On the positive side, technological advancements in the production of MMA via more eco-friendly processes present significant opportunities for market players going forward.

Key Features of the Study:

This report provides in-depth analysis of the global methyl methacrylate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global methyl methacrylate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Huntsman Corporation, Kolon Industries, Karl Jungbecker GmbH & Co. KG, Dhalop Chemicals, Saudi Methacrylate Company, Vizag Chemicals, Ottokemi, and TrinSeo.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global methyl methacrylate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methyl methacrylate market.

Detailed Segmentation-

By Application:
- Polymethyl Methacrylate (MMA)
- Surface Coating
- Others
By End-use Industry:
- Building & Construction
- Automotive
- Electronics
- Aerospace
- Paints & Coatings
- Medical
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- BASF SE
- Evonik Industries AG
- Arkema Group
- The Dow Chemical Company
- Akzo Nobel N.V.
- Sumitomo Chemical Company Limited
- Chi Mei Corporation
- Huntsman Corporation
- Kolon Industries
- Karl Jungbecker GmbH & Co. KG
- Dhalop Chemicals
- Saudi Methacrylate Company
- Vizag Chemicals
- Ottokemi
- TrinSeo

Product Code: CMI569

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Methyl Methacrylate Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Methyl Methacrylate Market - COVID-19
Impact Analysis

5. Global Methyl Methacrylate Market, By Application, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polymethyl Methacrylate (MMA)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Surface Coating
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Methyl Methacrylate Market, By End-use Industry, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Building & Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aerospace
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Paints & Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Medical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Methyl Methacrylate Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF SE
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Evonik Industries AG
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Arkema Group
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- The Dow Chemical Company
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Akzo Nobel N.V.
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Sumitomo Chemical Company Limited
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Chi Mei Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Huntsman Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Kolon Industries
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Karl Jungbecker GmbH & Co. KG
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Dhalop Chemicals
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Saudi Methacrylate Company
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Vizag Chemicals
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Ottokemi
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- TrinSeo
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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