The market in methyl methacrylates is predicted to develop at a

  • With the help of structured market research, Persistence Market Research provides key insights into the global methyl methacrylate (MMA) market and highlights key information.  The report, titled "Methyl Methacrylate Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028," analyzes the market and forecasts the future market scenario on the basis of production type, application, feedstock, and region.

    According to the report, the use of methyl methacrylate in the production of polymethylmethacrylate (PMMA) is expected to account for a significant portion of consumption (approximately 50%) during the forecast period.  Global methyl methacrylate production is estimated to be approximately 3. 9 million tons at present, with the market expected to grow at a compound annual growth rate (CAGR) of 3. 4% to reach 5. 7 million tons by the end of 2028.

    PMMA and many other polymers rely on methyl methacrylate for their production, and as a result, the global methyl methacrylate market is expected to grow at a healthy rate over the forecast period.

    The methyl methacrylate market can be divided into two types of production: chemical synthesis and recycling and reclaiming MMA monomer.  In various end-use industries, chemical synthesis MMA is widely used in the production of paints and coatings, PMMA or acrylic sheet, adhesives and sealants.  While recycling and reclaiming MMA monomers are made from recyclable industrial PMMA scrap or end-of-life products, the chemical synthesis segment of the global methyl methacrylate market is expected to account for more than 94% of the total absolute dollar opportunity created over the forecast period.


    The Global Methyl Methacrylate Report provides answers to some of the most frequently asked questions.

    What has been the evolution of the methyl methacrylate market over the last four years?
    What are some of the market dynamics that are currently in play in the methyl methacrylate market?
    What is the expected shape of the methyl methacrylate market in terms of volume and value over the course of the study period?
    What are the latest trends and developments in the methyl methacrylate market?
    What are the most significant key challenges, opportunities, and improvement factors for players in the methyl methacrylate market?.
    The underlying macroeconomic and industry factors that are influencing the growth of the methyl methacrylate market are as follows:
    According to the market taxonomy, what are the most important market positioning and key strategies of the most important methyl methacrylate manufacturers?
    What is the current structure of the competition in the methyl methacrylate market, and how has it changed over the course of the last few years?

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    Methyl methacrylate has a wide range of applications in the manufacturing of a wide range of products.  The production of polymethyl methacrylate (PMMA) is the most important application for methyl methacrylate, accounting for approximately 50% of total consumption.  For example, PMMA is used in a variety of end-use industries such as automotive and electronics, where it is used in the production of automotive parts and components (such as windshields, lighting display panels, and door strips, among other things) as well as displays for electronic products (such as smartphone screens).  The production of a variety of paints, coatings, and inks, such as automotive coatings, architectural and decorative paints and coatings, is the second most common application for methyl methacrylate.  The methyl methacrylate market's industrial paints and coatings application is expected to account for more than 42% of the total incremental $ opportunity created over the forecast period.

    For the production of methyl methacrylate, a variety of methods can be used, including acetone cyanohydrin (ACH) based, ethylene based, acetone, HCN, and methanol based, and methyl formate based, among others.  The commercialization of alternative production methods by manufacturers such as Evonik Industries is intended to reduce the harmful effects of cyanide as well as the overall operation and production costs.

    East Asia is expected to be the most profitable region in the global methyl methacrylate market during the forecast period.  The region is expected to hold a significant share of the global methyl methacrylate market over the forecast period, accounting for approximately 44% of the total absolute dollar opportunity in the market.  This can be attributed to an increase in demand for PMMA from the construction and automotive industries, among other factors.

    Furthermore, a small portion of the demand is expected to come from the textile and leather, as well as the paper and pulp, and processing industries.  North America and Europe are also expected to account for a significant portion of the global methyl methacrylate market, owing to the increasing use of plastic components to comply with vehicle regulations, such as reducing the weight of the vehicle and emissions.  Over the forecast period, it is expected that the Middle East and Africa will account for a negligible share of the global methyl methacrylate market.