Methyl Meth Acrylate (MMA) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Manufacturing Process, 2015-2032

H1 2023: In H1 2023, the Asia Pacific region emerged as the primary consumer of Methyl Meth Acrylate (MMA) based on region. However, MMA prices experienced fluctuating market trends during this period. Following the New Year's holidays, MMA prices increased in January as market players replenished the domestic supply. Nevertheless, the demand for MMA from downstream PMMA industries was uncertain, with a decrease in end-user inquiries observed. In the Chinese market, MMA prices declined in March due to subdued consumer sentiment and an oversupply of material. The lacklustre demand from downstream PMMA sectors continued to exert downward pressure on MMA pricing. Prices in the Chinese market surged in May but declined in June 2023. Similarly, MMA prices fluctuated in the USA market throughout the first half of 2023. Steady demand from downstream PMMA sectors and sufficient supply contributed to an upward trend in MMA prices until the end of February 2023. Additionally, upstream natural gas prices in the domestic market decreased, while production costs remained constant. Moreover, a major MMA manufacturer, Dow Chemical, temporarily closed its MMA plant in Deer Park, Texas, USA, in mid-February for maintenance. MMA prices in the US declined in March due to weak demand and an oversupply of material. MMA Prices rose in April and May in the US, only to decline again in June 2023.

 

The global Methyl Meth Acrylate (MMA) market stood at approximately 3200 thousand tonnes in 2022 and is likely to grow at a CAGR of 4.20% during the forecast period until 2032. 

 

Methacrylates are fundamental constituents of a wide variety of polymers. Methacrylates polymers are employed in the production of different products and formulations as raw material. The highest share of the MMA market is consumed in the production of PMMA (polymethyl methacrylate). MMA is typically utilized in conjunction with other thermoplastics such as acrylics, ABS, and PVC. This material is also used to join metals, such as steel, stainless steel, and aluminum. PMMA sheets goods have strong UV stability, excellent optical clarity, and high transparency. Products made of methyl methacrylate (MMA) include substitutes for shatterproof glass, panels, and displays for lighting, Fixtures for outdoor lighting, and Plumbing parts and fixtures. Another application for MMA is as a solvent in paints and coatings, such as exterior paints and paper coatings, aside from glazing and sheet applications. Methyl methacrylate polymers and copolymers are  employed in coatings of foil and metal, floor sandpaper, textile coatings, Attachments, Sealers, building supplies, and Modifiers of PVC impact. For these uses,  MMA are made into dispersion, solvent, and waterborne resins. For transparent, stiff PVC, such as bottles, methyl methacrylate-butadiene-styrene (MBS) resins are utilized as impact modifiers. Because PMMA is lightweight, stable, strong, stiff, and has a high scratch resistance, it is utilized in the production of many automobile parts and components, including door entry strips, decorative trims, car glazing, and indicator light covers. In addition, floor polish finishes, binders for concrete admixtures, adhesives and sealants, paints and coatings, liquid waterproofing compounds, instrument panels, and electronic displays are the main products produced by MMA which are further used in the construction, electronics, and automotive industries. 

 

The construction industry is propelling the methyl methacrylate market. The main factors influencing the building market are rapid urbanization and rising population across the world resulting infrastructure growth. The construction market is generating a significant demand for adhesives and supports the market's expansion as a whole. Because of its long-lasting qualities and durability, MMA adhesives are utilized in the construction sector for windows, canopies, architectural components, panels, doors, and other applications. Construction sector uses PMMA extruded sheets. They have excellent transparency, surface hardness, and UV resistance. Since methyl methacrylate (mmm) is used in automobile exterior and interior parts such as windshields, fenders, windows, bumpers, and trims, the market dynamics are likely to be influenced by the rise in automobile production and sales.  The global Methyl Meth Acrylate (MMA) market is anticipated to touch roughly 4800 thousand tonnes by 2032.

 

In 2022, the largest global market share was led by the Asia-Pacific region. Throughout the projection period, Asia-Pacific is expected to grow at the fastest rate among other regions of the globe due to the region's substantial industrial expansion in several nations, including China, India, Malaysia, Thailand, and Indonesia, as well as in the building construction and transportation sectors. The largest producer of automobiles worldwide is China. Due to an increase in residential development, the construction sector is expanding quickly in several nations, including China, South Korea, India, Indonesia, and others. The area is anticipated to take advantage of market prospects due to its expanding population and employment migration. 

 

Based on the end-user industry, the global Methyl Meth Acrylate (MMA) market is divided into Building & Construction, Automotive, Electronics, Paints & Coatings, and Others. Although, Building & Construction is the major segment and held about 40% of the global Methyl Meth Acrylate (MMA) market in 2022. MMA adhesives are used in a variety of applications in the building and construction industry, such as doors, roofs, panels, structural components, etc. These adhesives' numerous special qualities make them appropriate for a range of uses in the domestic building industry, where they outperform conventional materials for several years in terms of longevity and durability.

 

Major players in the Global Methyl Meth Acrylate (MMA) market are BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Huntsman Corporation, Kolon Industries, Karl Jungbecker GmbH & Co. KGand Saudi Methacrylate Company.

 

Years considered for this report:

 

Historical Period: 2015- 2022

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2024-2032

 

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Objective of the Study: 

 

• To assess the demand-supply scenario of Methyl Meth Acrylate (MMA) which covers production, demand and supply of Methyl Meth Acrylate (MMA)  market in the globe.

• To analyse and forecast the market size of Methyl Meth Acrylate (MMA)   

• To classify and forecast Global Methyl Meth Acrylate (MMA) market based on end-use and regional distribution.

• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methyl Meth Acrylate (MMA) market in the globe.

 

To extract data for Global Methyl Meth Acrylate (MMA) market, primary research surveys were conducted with Methyl Meth Acrylate (MMA) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Methyl Meth Acrylate (MMA) market over the coming years. 

 

ChemAnalyst calculated Methyl Meth Acrylate (MMA) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Methyl Meth Acrylate (MMA). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

 

 

Key Target Audience:

 

• Methyl Meth Acrylate (MMA) manufacturers and other stakeholders

• Organizations, forums and alliances related to Methyl Meth Acrylate (MMA) distribution

• Government bodies such as regulating authorities and policy makers

• Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methyl Meth Acrylate (MMA) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

Report Scope:

 

In this report, Global Methyl Meth Acrylate (MMA) market has been segmented into following categories, in addition to the industry trends which have also been detailed below: 

 

Attribute	Details
Market size Volume in 2022	3200 thousand tonnes
Market size Volume in 2032	4800 thousand tonnes
Growth Rate	CAGR of 4.20% from 2023 to 2032
Base year for estimation	2023
Historic Data	2015 – 2022
Forecast period	2024 – 2032
Quantitative units	Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage	Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered	By End-Use: (Building & Construction, Automotive, Electronics, Paints & Coatings, and Others) By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope	North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Available Customizations:

 

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 

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