The global demand for Methyl Methacrylate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Klioton in 2021 and forecast to touch XX Klioton by 2028 with a CAGR of XX% during 2022-2028.
Methyl methacrylate, a colorless liquid, and reactive resin, is a methyl ester of methacrylic acid. Methyl methacrylate is manufactured on a large scale for the production of poly (methyl methacrylate) (PMMA). Methyl methacrylate is a raw material for the production of other methacrylates, including ethyl methacrylate (EMA), butyl methacrylate (BMA), and 2-ethyl hexyl methacrylate (2-EHMA). Methyl methacrylate in its polymerized form has useful applications, such as adhesives and sealants, protective coating, industrial paints, plastic additives, polymethyl methacrylate acrylic plastics, synthetic marble, and bonding cement. The methyl methacrylate, as a comonomer, is used in paints & coatings, such as exterior paints and paper coatings. It is also employed for cement in dentistry, orthopedic surgery, and ophthalmology.
Market Dynamics
Rising demand for poly (methyl methacrylate) (PMMA) primarily drives the global methyl methacrylate market. Poly (methyl methacrylate) (PMMA) consumes more than two-thirds of the world poly (methyl methacrylate) (PMMA) produced. Rapid urbanization and industrialization influence demand for more significant tons of methyl methacrylate. Expanding demand for MAA made paint & coatings, adhesives, sealants, additives, synthetic marble, and bonding cement stimulates market growth. Methyl methacrylate-derived industrial products are in great demand due to their excellent stability and durability, hardness and impact, and scratch resistance and brilliance. Moreover, MAA-derived coating polymers and construction chemicals deliver high performance, fuelling the market growth. However, environmental issues and health hazards concerned with methacrylic acid (MAA) obstruct market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of methyl methacrylate. The growth and trends of Methyl Methacrylate Industry provide a holistic approach to this study.
Market Segmentation
This section of the methyl methacrylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Production Type
- Chemical Synthesis
- Recycling and Reclaiming
By Application
- Pmma
- Adhesives And Sealants
- Industrial Paints And Coatings
- Inks
- Others
By Feedstock
- Acetone
- Ethylene
- Methanol
- Isobutylene
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Methyl Methacrylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Methyl Methacrylate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methyl methacrylate market include DowDuPont Inc., BASF SE, Mitsubishi Chemical Holding Corporation, Arkema, Evonik industries AG, S.K. Panchal and Co., LG Chem, Monómeros del Vallés S.L., NIPPON SHOKUBAI CO., LTD., Sumitomo Corporation, Shanghai Huayi Group Corp. Ltd., Heilongjiang Zhongmeng Longxin Chemical Co., Ltd. and Kowa India Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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