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Strong Growth Prospects in Automotive and Construction Markets to Drive the Methyl Methacrylate (MMA) Market


Published: January 2018

REPORT STATISTICS


  • Code: MCP-2098
  • Pages: 231
  • Tables: 88
  • Companies: 37


METHYL METHACRYLATE (MMA): A RESEARCH BRIEF

The global market for Methyl Methacrylate (MMA) is projected to reach 5.7 Million Metric Tons by 2024, driven by growing demand from end-use sectors including automotive and construction markets, and rising demand in new application markets. Recovery in global GDP is poised to benefit consumption of MMA and its derivatives in architecture and construction, guided by the improving investments in residential and commercial construction projects. Stable automobile production trends worldwide are also expected to help boost global consumption of MMA. Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market worldwide, with a CAGR of 5.6% through the analysis period. Increasing shift towards Asia in downstream sectors due to low cost labor and growing demand for products in these markets makes the region a major consumer of MMA worldwide. Rapid growth in residential and commercial construction, automotive production, and original equipment manufacturing is fueling demand for the organic compound in the region. With economic growth in some of the regional markets slated to outrun leading countries in the West, demand for MMA is expected to be progress steadily in Asia-Pacific. Acrylic plastics & resins, the largest and the fastest growing application of MMA, are used across a broad spectrum of applications ranging from paints and coatings to automotive and construction. 

    Summary of Findings

  • Presence of Phthalate Plasticizers in PVC Generates Interest in PMMA in the Healthcare Sector
  • Automotive Lightweighting & Growing Use of Plastics Benefit Demand in the Auto Sector
  • Optical-Grade Plexiglass & Radiation Shielding Plexiglass to Offer Lucrative Growth Potential
  • Developing Countries: The Focal Point for Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, South Korea, Taiwan and Rest of Asia-Pacific), Middle East & Africa, and Latin America

    Market Segmentation & Classification

  • Applications:
    • Acrylic Plastics and Resins (Cast and Extruded Sheets, & Molding Powders and Resins), Surface Coatings, Impact Modifiers, Emulsion Polymers, Mineral-Based Sheets, Higher Methacrylates, Polyester Modifiers, and Others
  • End-Use Industries:
    • Automotive, Electronics, Construction, Advertising, and Others

MAJOR PLAYERS

  • Akzo Nobel NV
  • Arkema Group
  • Asahi Kasei Chemicals Corp.
  • BASF SE
  • Evonik Industries AG
  • Formosa Plastics Corp.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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