Methyl Methacrylate Market Overview:
Global Methyl Methacrylate Market size and share is currently valued at USD 18.62 billion in 2024 and is anticipated to generate an estimated revenue of USD 39.81 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 7.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Key Market Drivers:
- Construction Industry Growth: MMA’s use in acrylic sheets and coatings aligns with the expanding construction sector, boosting demand.
- Automotive Sector Demand: The automotive industry’s need for lightweight and durable materials has increased MMA applications in vehicle components.
- Rising Use in Electronics: MMA’s properties make it suitable for electronic displays and components, supporting market expansion.
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Key Companies in Methyl Methacrylate Market:
- Arkema
- Asahi Kasei Corporation
- Dhalop Chemicals
- Evonik
- Huntsman International LLC
- Kuraray Co., Ltd.
- Lotte Chemical Corporation
- Mitsubishi Chemical Group Corporation
- Saudi Methacrylates Company (SABIC)
- Sumitomo Chemical Co Ltd.
- Dow
Methyl Methacrylate (MMA) – Research Scope
Research on MMA centers around its use in producing acrylic sheets, coatings, and adhesives, with a focus on its applications in construction, automotive, and electronics. The scope includes studying production processes, innovations for reducing environmental impact, and its properties, such as transparency and weather resistance. Analysis also extends to exploring emerging markets and regulatory challenges impacting production and usage.
Methyl Methacrylate Market Segmentation:
MMA is segmented by application, end-user industry, and region. Applications include acrylic sheets, adhesives, and coatings. End-user industries cover construction, automotive, and electronics. Regional segmentation is into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with Asia-Pacific leading due to robust industrial growth.
Methyl Methacrylate Market, Application Outlook (Revenue – USD Billion, 2020-2034)
- Chemical Intermediate
- Surface Coatings
- Emulsion Polymer
Methyl Methacrylate Market, End Use Outlook (Revenue – USD Billion, 2020-2034)
- Buildings & Construction
- Automotive
- Electronics
- Paints & Coatings
- Others
Methyl Methacrylate Industry Developments:
- January 2024: EVONIK introduced VISIOMER HEMA-P 100, a non-migratory phosphate methacrylate monomer designed to deliver long-lasting performance. This innovative product enhances flame retardancy, adhesion, and corrosion resistance while preserving transparency and mechanical properties. It is well-suited for applications in coatings, adhesives, and composites, with a standout feature of high monoester content.
- October 2022: Röhm and OQ Chemicals partnered to construct a world-scale methyl methacrylate (MMA) production facility at OQ Chemicals’ Bay City, Texas location. The plant, utilizing Röhm’s proprietary LiMA technology, was designed to produce 250,000 metric tons of MMA annually upon its completion in early 2024. The project created 70 direct jobs and involved significant investment in expanding propionaldehyde production and enhancing local infrastructure to support the facility.
The Methyl Methacrylate market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.