Cyclohexyl Methacrylate (CHMA) Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

Cyclohexyl Methacrylate (CHMA) Market Overview

The global Cyclohexyl Methacrylate (CHMA) market is projected to witness significant growth from 2025 to 2030, driven by increasing demand across various industries such as adhesives & sealants, coatings, optical polymers, composites, and others. CHMA, a key monomer in the production of high-performance polymers, is gaining traction due to its excellent properties, including UV resistance, thermal stability, and chemical resistance. The market is expected to grow at a CAGR of 5.2% during the forecast period, reaching a market size of approximately $450 million by 2030.

Market Size and Share Analysis

In 2025, the global CHMA market is estimated to be valued at $350 million. By 2030, the market is anticipated to expand to $450 million, growing at a steady rate of 5.2% CAGR. The market is segmented by product type, process, application, end-use, and region. Among these, the adhesives & sealants segment holds the largest market share, accounting for 35% of the total market in 2025. The coatings segment follows closely, contributing 30% to the market share.

Market Share by Application (2025)

• Adhesives & Sealants: 35%
• Coatings: 30%
• Optical Polymers: 15%
• Composites: 10%
• Others: 10%

Key Players in the CHMA Market

The CHMA market is highly competitive, with several key players dominating the industry. Major companies include:

• BASF
• Evonik
• MITSUBISHI GAS CHEMICAL
• Nippon Shokubai
• ASAHI KASEI
• Fushun Donglian Anxin Chemical
• Hefeng Chemical
• Mitsubishi Chemical

These companies are focusing on strategic initiatives such as mergers & acquisitions, product innovation, and capacity expansion to strengthen their market position. For instance, BASF announced a 10% increase in production capacity for CHMA in 2024 to meet the growing demand from the coatings and adhesives sectors.

Market Trends and Drivers

The CHMA market is influenced by several key trends and drivers:

• Increasing Demand for High-Performance Coatings: The growing need for durable and high-performance coatings in the automotive and construction industries is driving the demand for CHMA. The coatings segment is expected to grow at a CAGR of 6.5% from 2025 to 2030.
• Rising Adoption of Optical Polymers: The optical polymers segment is anticipated to witness significant growth, with a projected CAGR of 7.2%, driven by the increasing use of CHMA in the production of lenses, displays, and other optical components.
• Expansion in the Adhesives & Sealants Industry: The adhesives & sealants segment is expected to maintain its dominance, growing at a CAGR of 5.8%, fueled by the rising demand from the packaging and construction industries.

Regional Analysis

The CHMA market is segmented into key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is the largest market, accounting for 45% of the global market share in 2025, driven by rapid industrialization and increasing demand from end-use industries in countries like China and India. North America and Europe follow, with market shares of 25% and 20%, respectively.

Market Share by Region (2025)

• Asia-Pacific: 45%
• North America: 25%
• Europe: 20%
• Latin America: 5%
• Middle East & Africa: 5%

Market News on Policy and Companies

Recent developments in the CHMA market include:

• Environmental Regulations: Stringent environmental regulations in Europe and North America are pushing manufacturers to develop eco-friendly CHMA products. For instance, Evonik has introduced a new line of bio-based CHMA, which is expected to capture 10%-15% of the market by 2027.
• Capacity Expansion: Mitsubishi Chemical announced a 15% increase in CHMA production capacity in 2024 to cater to the growing demand in the Asia-Pacific region.
• Strategic Partnerships: BASF and Nippon Shokubai have entered into a strategic partnership to develop advanced CHMA-based polymers for the automotive industry, aiming to capture 20% of the market share by 2028.

Segment Forecasts (2025 - 2030)

The CHMA market is segmented by product type, process, application, end-use, and region. Key segment forecasts include:

• Adhesives & Sealants: Expected to grow at a CAGR of 5.8%, reaching a market size of $160 million by 2030.
• Coatings: Projected to grow at a CAGR of 6.5%, reaching a market size of $135 million by 2030.
• Optical Polymers: Anticipated to grow at a CAGR of 7.2%, reaching a market size of $70 million by 2030.
• Composites: Expected to grow at a CAGR of 5.5%, reaching a market size of $45 million by 2030.
• Others: Projected to grow at a CAGR of 4.8%, reaching a market size of $40 million by 2030.

Conclusion

The global Cyclohexyl Methacrylate (CHMA) market is poised for steady growth from 2025 to 2030, driven by increasing demand from key industries such as adhesives & sealants, coatings, and optical polymers. With a projected market size of $450 million by 2030 and a CAGR of 5.2%, the market offers significant opportunities for key players like BASF, Evonik, and Mitsubishi Chemical. Strategic initiatives, capacity expansions, and the development of eco-friendly products are expected to shape the future of the CHMA market.