Global Methyl Methacrylate Monomer Market Size, Trends & Growth Opportunity, By Product (ACH Method, Isobutylene Method, and Ethylene Method), By Application (Polymethyl Methacrylate, Plastic Additive, Surface Coating, Others), By Region and Forecast till 2027
Methyl Methacrylate is defined as a single molecule which used in the production of polymethyl methacrylate plastics and it is derived from methyl acrylic acid. They have bond forming capabilities which increase the strength of the overall structures. C5H8O2 is the chemical formula of methyl methacrylate. It is an acid ester and is a colorless monomer compound.
The increase in demand for methyl methacrylate products from the automotive and construction industries is a key driving factor which expected to drive the growth of the global methyl methacrylate monomer market over the forecast period. Also, the rise in demand for methyl methacrylate from aviation industry is another major factor boosting the market growth of the global methyl methacrylate monomer market. The growing demand from the automobiles industry, due to its improved vehicle design capabilities, and the increase in acceptance of emission control and lightweight vehicles expected to positively influence the market growth during this forecast timeframe. Methyl methacrylate monomers are used in production of consumer products like as TV & electronic screens, automotive plastics, signage, windows, household acrylic paints, coatings, and adhesives, thus the increase in electronics production is expected to fuel the market growth.
The fluctuation in raw material prices is the major restraint which expected to hamper the global methyl methacrylate monomer market growth during this forecast period.
The Global Methyl Methacrylate Monomer Market is segmented into product such as ACH Method, Isobutylene Method, and Ethylene Method. Further, market is segmented into application such as Polymethyl Methacrylate, Plastic Additive, Surface Coating, Others.
Also, the Global Methyl Methacrylate Monomer Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Some key operating players are listed in this report such as BASF, Dow, Evonik, Mitsubishi Rayon, Sumitomo Chemical, Asahi Kasei, Formosa Plastics, Jilin Petrochemical, Longxin Chemical, Shandong Hongxu, etc.
Global Methyl Methacrylate Monomer Market
Methyl Methacrylate is defined as a single molecule which used in the production of polymethyl methacrylate plastics and it is derived from methyl acrylic acid. They have bond forming capabilities which increase the strength of the overall structures. C5H8O2 is the chemical formula of methyl methacrylate. It is an acid ester and is a colorless monomer compound.
Market Drivers
The increase in demand for methyl methacrylate products from the automotive and construction industries is a key driving factor which expected to drive the growth of the global methyl methacrylate monomer market over the forecast period. Also, the rise in demand for methyl methacrylate from aviation industry is another major factor boosting the market growth of the global methyl methacrylate monomer market. The growing demand from the automobiles industry, due to its improved vehicle design capabilities, and the increase in acceptance of emission control and lightweight vehicles expected to positively influence the market growth during this forecast timeframe. Methyl methacrylate monomers are used in production of consumer products like as TV & electronic screens, automotive plastics, signage, windows, household acrylic paints, coatings, and adhesives, thus the increase in electronics production is expected to fuel the market growth.
Market Restraints
The fluctuation in raw material prices is the major restraint which expected to hamper the global methyl methacrylate monomer market growth during this forecast period.
Market Segmentation
The Global Methyl Methacrylate Monomer Market is segmented into product such as ACH Method, Isobutylene Method, and Ethylene Method. Further, market is segmented into application such as Polymethyl Methacrylate, Plastic Additive, Surface Coating, Others.
Also, the Global Methyl Methacrylate Monomer Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some key operating players are listed in this report such as BASF, Dow, Evonik, Mitsubishi Rayon, Sumitomo Chemical, Asahi Kasei, Formosa Plastics, Jilin Petrochemical, Longxin Chemical, Shandong Hongxu, etc.
Market Taxonomy
By Product
- ACH Method
- Isobutylene Method
- Ethylene Method
By Application
- Polymethyl Methacrylate
- Plastic Additive
- Surface Coating
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Methyl Methacrylate Monomer Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Methyl Methacrylate Monomer Market
What is the estimated value of the Global Methyl Methacrylate Monomer Market?
What is the growth rate of the Global Methyl Methacrylate Monomer Market?
What is the forecasted size of the Global Methyl Methacrylate Monomer Market?
Who are the key companies in the Global Methyl Methacrylate Monomer Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 196 |
| Published | April 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 12.6 Billion |
| Forecasted Market Value ( USD | $ 23.41 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Methyl Methacrylate Monomer Market Outlook
5 Global Methyl Methacrylate Monomer Market, By Product
6 Global Methyl Methacrylate Monomer Market, By Application
7 Global Methyl Methacrylate Monomer Market, By Region
8 North America Methyl Methacrylate Monomer Market Analysis and Forecast (2020 - 2027)
9 Europe Methyl Methacrylate Monomer Market Analysis and Forecast (2020 - 2027)
10 Asia Pacific Methyl Methacrylate Monomer Market Analysis and Forecast (2020 - 2027)
11 Latin America Methyl Methacrylate Monomer Market Analysis and Forecast (2020 - 2027)
12 Middle East Methyl Methacrylate Monomer Market Analysis and Forecast (2020 - 2027)
13 Competitive Analysis
14 Company Profiles
Companies Mentioned
- BASF
- Dow
- Evonik
- Mitsubishi Rayon
- Sumitomo Chemical
- Asahi Kasei
- Formosa Plastics
- Jilin Petrochemical
- Longxin Chemical
- Shandong Hongxu
