Methyl Methacrylate (MMA) Market Report, by Application (Polymethyl Methacrylate (PMMA), Surface Coating, and Others), by End-use Industry (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook and Opportunity Analysis, 2022 - 2028
Methyl methacrylate (MMA) is an organic compound and a colorless monomer compound. MMA is used in the production of polymethyl methacrylate (PMMA) and surface coatings. PMMA is a transparent thermoplastic used as a shatter-resistant option to glass. PMMA is used in the form of sheets to produce mobile phone screens, LCD screens, and monitors, owing to its excellent tensile strength, flexural strength, transparency, polishing, UV tolerance, and scratch resistance properties. Therefore, increasing demand for PMMA is expected to boost growth of the methyl methacrylate market over the forecast period.
MMA is used in the production of diverse range of consumer products such as TV and electronic screens, automotive plastics, dental and orthodontic products, signage, windows, household acrylic paints, coatings, and adhesives. Therefore, increasing electronics production is expected to boost growth of the market. For instance, according to India Brand Equity Foundation (IBEF), India electronics industry is expected to increase with a CAGR of 24.4% to US$ 400 billion from US$ 69.6 billion in 2012.
Market Dynamics
Among end-use industry, the building & construction segment is expected to witness significant market share in the global methyl methacrylate market. In 2021, the segment accounted for 30% share in the global methyl methacrylate market in terms of revenue. Methyl methacrylate is used in building and construction activities as a binder for concrete admixtures, industrial flooring, liquid water proofing compounds, reactive road marking systems, and concrete repair compounds.
Among regions, Asia Pacific held dominant position in the global methyl methacrylate market, in terms of revenue share, in 2021. This is owing to increasing production of automobiles and high use of MMA in making building & construction interior and exterior parts of vehicles. South America is expected to record fastest growth in the market over the forecast period. This is owing to increasing demand for automotive and growth of the housing sector in Argentina and Brazil. According to the U.S. International Trade Administration, Brazil has the largest automotive market coupled with largest producer of automobile in South America with the sales of more than 2 million units in 2021.
Key features of the study:
This report provides in-depth analysis of methyl methacrylate market and provides market size (US$ Million & KT) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global methyl methacrylate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, DowDuPont Inc., BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, and Asahi Kasei Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global methyl methacrylate market report caters to various stakeholders in this industry including investors, suppliers, methyl methacrylate manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the methyl methacrylate market
Detailed Segmentation:
Global Methyl Methacrylate Market, By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
Global Methyl Methacrylate Market, By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Global Methyl Methacrylate Market, By Geography:
North America
U.S.
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Canada
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Mexico
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
South America
Brazil
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Argentina
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Rest of South America
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Europe
Germany
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Italy
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
France
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Rest of Europe
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Asia Pacific
China
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
India
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Japan
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
South Korea
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Rest of Asia Pacific
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Middle East & Africa
Middle East
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Africa
By Application:
Polymethyl Methacrylate (PMMA)
Surface Coatings
Others
By End-use Industry:
Building & Construction
Automotive
Electronics
Aerospace
Paints & Coatings
Medical
Others
Company Profiles
DowDuPont Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BASF SE
Evonik Industries AG
Arkema Group
The Dow Chemical Company
Akzo Nobel N.V.
Sumitomo Chemical Company Limited
Chi Mei Corporation
Asahi Kasei Corporation
“*” marked represents similar segmentation in other categories in the respective section.
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