The global market for Methyl Methacrylate (MMA) was valued at US$36.1 Billion in 2024 and is projected to reach US$52.5 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Methyl Methacrylate (MMA) Market - Key Trends & Drivers Summarized
What Makes Methyl Methacrylate (MMA) a Versatile Chemical in Industry?
Methyl methacrylate (MMA) is a crucial chemical used extensively in the production of polymethyl methacrylate (PMMA), a transparent and durable plastic. MMA's properties make it essential for a variety of applications, including automotive components, signage, displays, and construction materials. PMMA, known for its clarity, weather resistance, and lightweight properties, is widely used in the manufacturing of acrylic sheets, medical devices, and optical products. The broad applicability of MMA underscores its importance in numerous industrial sectors, driving its consistent demand globally.How Have Technological Innovations Enhanced MMA Production and Applications?
Technological advancements have significantly improved MMA production and broadened its applications. Innovations in production processes, such as the use of advanced catalysts and continuous production methods, have increased efficiency and reduced environmental impact. The development of bio-based MMA, derived from renewable resources, has opened new avenues for sustainable production. Additionally, advancements in polymer science have expanded the use of MMA in high-performance applications, such as coatings, adhesives, and composite materials. These technological strides have enhanced the versatility and sustainability of MMA, driving its demand in various sectors.What Are the Emerging Trends in MMA Consumption?
Emerging trends in MMA consumption reflect its expanding applications and evolving industry demands. The automotive industry continues to drive significant demand for MMA, particularly in the production of lightweight and durable components. The construction sector is also witnessing increased use of MMA in the manufacturing of acrylic sheets and weather-resistant coatings. The medical industry is a growing consumer of MMA, using it in the production of dental and orthopedic devices due to its biocompatibility and clarity. Additionally, the demand for bio-based MMA is rising, driven by the growing emphasis on sustainability and environmental responsibility. These trends highlight the diverse applications of MMA and its importance in modern industries.What Factors Are Driving the Growth in the MMA Market?
The growth in the MMA market is driven by several factors. Firstly, the rising demand for polymethyl methacrylate (PMMA) in automotive, construction, and medical applications is propelling the use of MMA. Secondly, the expanding use of MMA in high-performance coatings, adhesives, and composite materials is a significant growth driver. The construction industry's increasing reliance on MMA for weather-resistant and durable materials also contributes to market growth. Additionally, the growing demand for bio-based MMA, driven by sustainability trends, is boosting consumption. The development of advanced production technologies further enhances the efficiency and sustainability of MMA production, fueling market growth. Lastly, ongoing research and development efforts aimed at discovering new applications and improving production processes continue to foster market expansion, underscoring the robust growth trajectory of the MMA market.Report Scope
The report analyzes the Methyl Methacrylate (MMA) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
End-Use (Building & Construction, Automotive, Electronics, Paints & Coatings, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Building & Construction End-Use segment, which is expected to reach US$25.4 Billion by 2030 with a CAGR of a 7.3%. The Automotive End-Use segment is also set to grow at 6.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $9.8 Billion in 2024, and China, forecasted to grow at an impressive 6% CAGR to reach $8.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AkzoNobel NV, Arkema Group, Asahi Kasei Chemicals Corp., BASF SE, Evonik Industries AG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Methyl Methacrylate (MMA) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Methyl Methacrylate (MMA) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Methyl Methacrylate (MMA) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 37 major companies featured in this Methyl Methacrylate (MMA) market report include:
- AkzoNobel 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 of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AkzoNobel 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
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 36.1 Billion |
| Forecasted Market Value ( USD | $ 52.5 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
