Methyl Methacrylate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Methyl Methacrylate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global methyl methacrylate market is poised for substantial growth over the forecast period from 2024 to 2031, with an estimated volume of over 5.7 million tons, according to a comprehensive report on market trends and developments.

Rising Demand for Methyl Methacrylate in the Automotive Industry

A significant portion of methyl methacrylate production worldwide, accounting for approximately 50% of global production, is dedicated to the creation of polymethyl methacrylate (PMMA). PMMA, known for its lightweight properties, high scratch resistance, and low stress birefringence, has become a preferred resin for the automotive industry. It is used in various automotive components, including external and rear light covers, decorative trims, ambient lighting, door entry strips, and automotive glazing. This increased demand within the automotive sector is expected to drive the growth of the methyl methacrylate market during the forecast period.

Support from the Paints and Coatings Industry

The second largest application of methyl methacrylate is in the production of paints and coatings across various industries. Methyl methacrylate is a key ingredient in the formulation of coatings, paints, and inks, including architectural and decorative coatings, automotive coatings, industrial coatings, and paints used in the construction sector. This application is expected to fuel the industrial paints and coatings segment, projecting a growth rate of 4.1% CAGR in terms of volume over the forecast period.

Regulatory and Policy Initiatives for PMMA Scrap Recycling

With the growing concern over plastic waste production and its environmental impact, governments worldwide are taking steps to mitigate the adverse effects of non-biodegradable plastics. These measures include prohibitions on certain plastic products and the implementation of strict regulations for plastic waste disposal. Additionally, governments are providing policy support for the development of plastic recycling technologies and infrastructure.

One notable example is the European Commission's ""MMAtwo"" project, launched in 2018 in collaboration with Dutch plastic recycling company Heathland B.V. and 12 other partners from six different countries. The project aims to produce 12,250 tons of recycled methyl methacrylate from 27,000 tons of feedstock PMMA scraps and end-of-life products. Such initiatives worldwide to utilize plastic waste as feedstock for recycled methyl methacrylate are expected to drive the global methyl methacrylate market in the coming years.

East Asia Emerges as a High-Volume, High-Value Region

China and South Korea are anticipated to witness significant growth in the production and consumption of methyl methacrylate during the forecast period. This growth is driven by the increasing demand for methyl methacrylate in the manufacturing of automotive parts, electronics components, and smartphone screens. These countries are also major exporters of methyl methacrylate to regions like Asia Pacific and Latin America, collectively projected to grow 1.9 times in volume by the end of the forecast period.

Highly Consolidated Market with Top Players

The global methyl methacrylate market is characterized by high consolidation, with the top players holding a double-digit market share. The top ten market players are expected to collectively control between 80% - 85% of the global methyl methacrylate market. Recent developments in the market have seen expansions in production capacity, acquisitions, and collaborations as key strategies adopted by market participants to maintain their presence and growth in the industry.

Key Manufacturers Mentioned in the Study

Some of the prominent manufacturers covered in the report on the global methyl methacrylate market include DowDuPont Inc., BASF SE, Mitsubishi Chemical Holding Corporation, Arkema, Evonik industries AG, S.K. Panchal and Co., LG Chem, Monómeros del Vallés S.L., NIPPON SHOKUBAI CO., LTD., Sumitomo Corporation, Shanghai Huayi Group Corp. Ltd., Heilongjiang Zhongmeng Longxin Chemical Co., Ltd., and Kowa India Pvt. Ltd.

Methyl Methacrylate Market: Segmentation

Production Type
• Chemical Synthesis
• Recycling and Reclaiming

Application
• PMMA
• Adhesives and Sealants
• Industrial Paints and Coatings
• Inks
• Others

Feedstock
• Acetone
• Ethylene
• Methanol
• Isobutylene
• Others (Includes PMMA Scrap)

Region
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.


1. Executive Summary
1.1. Global Methyl Methacrylate Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Methyl Methacrylate Market Outlook, 2018 – 2031
3.1. Global Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
3.1.1. Key Highlights
3.1.1.1. Chemical Synthesis
3.1.1.2. Recycling and Reclaiming
3.2. Global Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
3.2.1. Key Highlights
3.2.1.1. PMMA
3.2.1.2. Adhesives and Sealants
3.2.1.3. Industrial Paints and Coatings
3.2.1.4. Inks
3.2.1.5. Others
3.3. Global Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
3.3.1. Key Highlights
3.3.1.1. Acetone
3.3.1.2. Ethylene
3.3.1.3. Methanol
3.3.1.4. Isobutylene
3.3.1.5. Others (Includes PMMA Scrap)
3.4. Global Methyl Methacrylate Market Outlook, by Region, Value (US$ Mn), 2018 – 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Methyl Methacrylate Market Outlook, 2018 – 2031
4.1. North America Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
4.1.1. Key Highlights
4.1.1.1. Chemical Synthesis
4.1.1.2. Recycling and Reclaiming
4.2. North America Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
4.2.1. Key Highlights
4.2.1.1. PMMA
4.2.1.2. Adhesives and Sealants
4.2.1.3. Industrial Paints and Coatings
4.2.1.4. Inks
4.2.1.5. Others
4.3. North America Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
4.3.1. Key Highlights
4.3.1.1. Acetone
4.3.1.2. Ethylene
4.3.1.3. Methanol
4.3.1.4. Isobutylene
4.3.1.5. Others (Includes PMMA Scrap)
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Methyl Methacrylate Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
4.4.1.2. U.S. Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
4.4.1.3. U.S. Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
4.4.1.4. Canada Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
4.4.1.5. Canada Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
4.4.1.6. Canada Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Methyl Methacrylate Market Outlook, 2018 – 2031
5.1. Europe Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
5.1.1. Key Highlights
5.1.1.1. Chemical Synthesis
5.1.1.2. Recycling and Reclaiming
5.2. Europe Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
5.2.1. Key Highlights
5.2.1.1. PMMA
5.2.1.2. Adhesives and Sealants
5.2.1.3. Industrial Paints and Coatings
5.2.1.4. Inks
5.2.1.5. Others
5.3. Europe Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
5.3.1. Key Highlights
5.3.1.1. Acetone
5.3.1.2. Ethylene
5.3.1.3. Methanol
5.3.1.4. Isobutylene
5.3.1.5. Others (Includes PMMA Scrap)
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Methyl Methacrylate Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
5.4.1. Key Highlights
5.4.1.1. Germany Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.2. Germany Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.3. Germany Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.4. U.K. Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.5. U.K. Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.6. U.K. Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.7. France Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.8. France Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.9. France Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.10. Italy Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.11. Italy Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.12. Italy Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.13. Turkey Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.14. Turkey Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.15. Turkey Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.16. Russia Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.17. Russia Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.18. Russia Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.1.19. Rest of Europe Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
5.4.1.20. Rest of Europe Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
5.4.1.21. Rest of Europe Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Methyl Methacrylate Market Outlook, 2018 – 2031
6.1. Asia Pacific Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
6.1.1. Key Highlights
6.1.1.1. Chemical Synthesis
6.1.1.2. Recycling and Reclaiming
6.2. Asia Pacific Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
6.2.1. Key Highlights
6.2.1.1. PMMA
6.2.1.2. Adhesives and Sealants
6.2.1.3. Industrial Paints and Coatings
6.2.1.4. Inks
6.2.1.5. Others
6.3. Asia Pacific Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
6.3.1. Key Highlights
6.3.1.1. Acetone
6.3.1.2. Ethylene
6.3.1.3. Methanol
6.3.1.4. Isobutylene
6.3.1.5. Others (Includes PMMA Scrap)
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Methyl Methacrylate Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
6.4.1. Key Highlights
6.4.1.1. China Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.2. China Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.3. China Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.1.4. Japan Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.5. Japan Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.6. Japan Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.1.7. South Korea Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.8. South Korea Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.9. South Korea Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.1.10. India Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.11. India Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.12. India Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.1.13. Southeast Asia Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.14. Southeast Asia Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.15. Southeast Asia Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.1.16. Rest of Asia Pacific Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
6.4.1.17. Rest of Asia Pacific Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
6.4.1.18. Rest of Asia Pacific Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Methyl Methacrylate Market Outlook, 2018 – 2031
7.1. Latin America Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
7.1.1. Key Highlights
7.1.1.1. Chemical Synthesis
7.1.1.2. Recycling and Reclaiming
7.2. Latin America Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
7.2.1.1. PMMA
7.2.1.2. Adhesives and Sealants
7.2.1.3. Industrial Paints and Coatings
7.2.1.4. Inks
7.2.1.5. Others
7.3. Latin America Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
7.3.1. Key Highlights
7.3.1.1. Acetone
7.3.1.2. Ethylene
7.3.1.3. Methanol
7.3.1.4. Isobutylene
7.3.1.5. Others (Includes PMMA Scrap)
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Methyl Methacrylate Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
7.4.1.2. Brazil Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
7.4.1.3. Brazil Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
7.4.1.4. Mexico Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
7.4.1.5. Mexico Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
7.4.1.6. Mexico Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
7.4.1.7. Argentina Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
7.4.1.8. Argentina Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
7.4.1.9. Argentina Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
7.4.1.10. Rest of Latin America Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
7.4.1.11. Rest of Latin America Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
7.4.1.12. Rest of Latin America Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Methyl Methacrylate Market Outlook, 2018 – 2031
8.1. Middle East & Africa Methyl Methacrylate Market Outlook, by Product Type, Value (US$ Mn), 2018 – 2031
8.1.1. Key Highlights
8.1.1.1. Chemical Synthesis
8.1.1.2. Recycling and Reclaiming
8.2. Middle East & Africa Methyl Methacrylate Market Outlook, by Feedstock, Value (US$ Mn), 2018 – 2031
8.2.1. Key Highlights
8.2.1.1. PMMA
8.2.1.2. Adhesives and Sealants
8.2.1.3. Industrial Paints and Coatings
8.2.1.4. Inks
8.2.1.5. Others
8.3. Middle East & Africa Methyl Methacrylate Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
8.3.1. Key Highlights
8.3.1.1. Acetone
8.3.1.2. Ethylene
8.3.1.3. Methanol
8.3.1.4. Isobutylene
8.3.1.5. Others (Includes PMMA Scrap)
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Methyl Methacrylate Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
8.4.1. Key Highlights
8.4.1.1. GCC Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
8.4.1.2. GCC Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
8.4.1.3. GCC Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
8.4.1.4. South Africa Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
8.4.1.5. South Africa Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
8.4.1.6. South Africa Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
8.4.1.7. Egypt Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
8.4.1.8. Egypt Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
8.4.1.9. Egypt Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
8.4.1.10. Nigeria Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
8.4.1.11. Nigeria Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
8.4.1.12. Nigeria Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
8.4.1.13. Rest of Middle East & Africa Methyl Methacrylate Market by Product Type, Value (US$ Mn), 2018 – 2031
8.4.1.14. Rest of Middle East & Africa Methyl Methacrylate Market by Feedstock, Value (US$ Mn), 2018 – 2031
8.4.1.15. Rest of Middle East & Africa Methyl Methacrylate Market by Application, Value (US$ Mn), 2018 – 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Application vs by Feedstock Heat map
9.2. Manufacturer vs by Feedstock Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Arkema Group
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. BASF SE
9.5.3. Dow Inc
9.5.4. Evonik Industries AG
9.5.5. Sumitomo Chemical Co. Ltd.
9.5.6. LG Chem
9.5.7. Nippon Shokubai Co. Ltd.
9.5.8. Kowa India Pvt Ltd.
9.5.9. Heilongjiang Zhongmeng Longxin Chemical Co. Ltd.
9.5.10. Shanghai Huayi Group Corp. Ltd.
9.5.11. Monomeros del Valles S.L.
9.5.12. S.K. Panchal & Co.
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

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