The Global Methyl Methacrylate Market was valued at US$ 7,191.1 million in 2018.
Summary:The Global Methyl Methacrylate Market is expected to grow for a CAGR of 4.5% in terms of revenue over the forecast period (2019 β 2027), to reach US$ 10,640.2 million by 2027.
Market review:
Methyl methacrylate is an acid ester and is a colorless monomer compound. Methyl methacrylate is primarily used in the manufacturing process of poly-methyl methacrylate. Poly-methyl methacrylate is a transparent thermoplastic utilized as a shatter-resistant alternative for glass.Some other key applications for methyl methacrylate include use for impact modification as emulsion polymers principally for textiles, leather, paper, and floor polishes, in the mineral-filled sheet, polymer concrete, and polyesters.
The second largest application of methyl methacrylate is the production of paints and coatings for various end-use industries. A large number of coatings, paints and inks, such as architectural and decorative coatings, automotive coatings, industrial coatings and many paints used in the construction sector, are made from methyl methacrylate.
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Regional Analysis:
North America, Europe and Asia are still the mainly consumption regions due to the advanced production technology and rapid development of economy.East Asia is anticipated to be a lucrative region in the global methyl methacrylate market during the forecast period. The region is estimated to account for a prominent share North America and Europe are also projected to hold a significant share in the global methyl methacrylate market, owing to the rising use of plastic components to meet vehicle regulations such as reducing the weight of vehicle and emissions..
Competitive Landscape
Major players operating in the methyl methacrylate market include, BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Asahi Kasei Corporation, and DowDuPont. Inc.
Market Segmentation:
By products:
Β·Β Β Poly methyl methacrylate (PMAA)
Β·Β Β Methacrylic acid (MAA)
Β·Β Β Methyl methacrylate-butadiene-styrene (MBS)
Β·Β Β Ethyl methacrylate (EMA)
Β·Β Β Butyl methacrylate (BMA)
Β·Β Β 2-ethyl hexyl methacrylate(2-EHMA)
By application:
Β·Β Β Transparent glass substitute
Β·Β Β Adhesive
Β·Β Β Medical implants
Β·Β Β Resin
Β·Β Β Surface coatings
Β·Β Β Others (lenses, daylight redirection, and emulsion polymers)
By end-use industries:
Β·Β Β Construction
Β·Β Β Automotive
Β·Β Β Electronics
Β·Β Β Aviation
Β·Β Β Others (medical, paints, and sports)
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