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Methyl Methacrylate (MMA): Global Strategic Business Report

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    Report

  • 193 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 354882

Global Methyl Methacrylate (MMA) Market to Reach $47.3 Billion by 2030

The global market for Methyl Methacrylate (MMA) estimated at US$28.2 Billion in the year 2022, is projected to reach a revised size of US$47.3 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030. Building & Construction, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$23.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automotive segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 6.2% CAGR

The Methyl Methacrylate (MMA) market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 37 Featured) -

  • Akzo Nobel NV
  • Arkema Group
  • Asahi Kasei Chemicals Corp.
  • BASF SE
  • Evonik Industries AG
  • Formosa Plastics Corp.
  • Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
  • Kaohsiung Monomer Company Ltd.
  • Kuraray Co., Ltd.
  • LG MMA Corp.
  • Lotte Chemical Corporation
  • Lucite International Ltd.
  • Mitsubishi Chemical Corporation
  • Mitsubishi Gas Chemical Co., Inc.
  • Mitsui Chemicals, Inc
  • Shandong Hongxu Chemical Co., Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Thai MMA Co., Ltd.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Methyl Methacrylate - Clear, Colorless, Sharp and Organic Raw Material
  • Methyl Methacrylate - A Growing Market Driven by Downstream Applications
  • Recent Market Activity
  • Sizing the Market
  • Fast Facts
  • MMA Supply Tightens, Prices Shoot Up
  • New Capacity Additions On the Anvil Offer Hope
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Methyl Methacrylate (MMA) - Global Key Competitors Percentage Market Share in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Acrylic Plastics & Resins - The Largest and the Fastest Growing Application of MMA
  • Increased Adoption in End-Use Sectors Fosters Growth in PMMA Market
  • Broadening Applications of PMMA as a Highly Efficient Molding Compound Fuels Growth
  • Bio-Based PMMA Emerge as Eco-Friendly Alternative
  • Bio-based PMMA based Acrylic Resin: Potential to Develop Sustainable Solutions for Medical Sector
  • PMMA-based Resins Market Going Green
  • PMMA to Grab Bigger Share of Automotive Plastics Market
  • Signs of Gradual Increase in PMMA Demand and Prices
  • Manufacturers Relocate Production to Low-Cost Regions
  • Asian Demand and New Applications Bolster PMMA Demand
  • Growth Prospects Closely Tied to Global Economic Situation
  • Stable Economic Scenario to Augment Market Prospects
  • Projected Rise in Vehicle Production to Sustain Demand
  • Recovering Construction Industry Benefits Demand for MMA and PMMA
  • Building Renovations & Remodeling: A Key Revenue Contributor
  • Growing Importance of PMMA Based Signage and Displays Drive MMA Demand
  • Applications of MMA in Artificial Nail Products Industry
  • Nano-HA Coated Bone Collagen Holds Potential to Improve Mechanical Properties of PMMA Bone Cement
  • Advanced Polymeric Materials Present Natural and Effective Options for Building Construction
  • Phase Separation Enables Nanotextured Morphology of PMMA UV Curable PUA Blends
  • Bio-based Materials Emerge as Better Substitute
  • WJ’s MMA Technology-based WeatherGrip - A Recent Advancement
  • Advancement in Industrial Synthesis of MMA during WAO
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Methyl Methacrylate (MMA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Methyl Methacrylate (MMA) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Paints & Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Methyl Methacrylate (MMA) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 20: USA Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: USA Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: USA 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
CANADA
  • Table 23: Canada Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: Canada Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: Canada 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
JAPAN
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 26: Japan Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: Japan 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
CHINA
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 29: China Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: China Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: China 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
EUROPE
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Methyl Methacrylate (MMA) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: Europe 16-Year Perspective for Methyl Methacrylate (MMA) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 35: Europe Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: Europe Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: Europe 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
FRANCE
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: France Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: France 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
GERMANY
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 41: Germany Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: Germany Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: Germany 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
ITALY
  • Table 44: Italy Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Italy Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 46: Italy 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
UNITED KINGDOM
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 47: UK Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: UK Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: UK 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
REST OF EUROPE
  • Table 50: Rest of Europe Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Rest of Europe Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 52: Rest of Europe 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
ASIA-PACIFIC
  • Methyl Methacrylate (MMA) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 53: Asia-Pacific Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 54: Asia-Pacific Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 55: Asia-Pacific 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
REST OF WORLD
  • Table 56: Rest of World Recent Past, Current & Future Analysis for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of World Historic Review for Methyl Methacrylate (MMA) by End-Use - Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 58: Rest of World 16-Year Perspective for Methyl Methacrylate (MMA) by End-Use - Percentage Breakdown of Value Sales for Building & Construction, Automotive, Electronics, Paints & Coatings and Other End-Uses for the Years 2014, 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Akzo Nobel NV
  • Arkema Group
  • Asahi Kasei Chemicals Corp.
  • BASF SE
  • Evonik Industries AG
  • Formosa Plastics Corp.
  • Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
  • Kaohsiung Monomer Company Ltd.
  • Kuraray Co., Ltd.
  • LG MMA Corp.
  • Lotte Chemical Corporation
  • Lucite International Ltd.
  • Mitsubishi Chemical Corporation
  • Mitsubishi Gas Chemical Co., Inc.
  • Mitsui Chemicals, Inc
  • Shandong Hongxu Chemical Co., Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Thai MMA Co., Ltd.

Table Information