Global Methyl Methacrylate (MMA) Industry
Global Methyl Methacrylate (MMA) Market to Reach US$9.8 Billion by the Year 2027
NEW YORK, July 15, 2020 /PRNewswire/ -- Amid the COVID-19 crisis, the global market for Methyl Methacrylate (MMA) estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$9.8 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027.Building & Construction, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$3.2 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronics segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 20% share of the global Methyl Methacrylate (MMA) market.
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The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4% CAGR for the Period of 2020-2027
The Methyl Methacrylate (MMA) market in the U.S. is estimated at US$2.1 Billion in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2027 trailing a CAGR of 4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the year 2027.
Automotive Segment Corners a 15.2% Share in 2020
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$891.6 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.We bring years of research experience to this 17th edition of our report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
-Competitors identified in this market include, among others,
- Akzo Nobel 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.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Methyl Methacrylate - Clear, Colorless, Sharp and Organic Raw
Material
Methyl Methacrylate - A Growing Market Driven by Downstream
Applications
Recent Market Activity
Sizing the Market
Fast Facts
MMA Supply Tightens, Prices Shoot Up
New Capacity Additions On the Anvil Offer Hope
Global Competitor Market Shares
Methyl Methacrylate (MMA) Competitor Market Share Scenario
Worldwide (in %): 2018 & 2029
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Acrylic Plastics & Resins - The Largest and the Fastest Growing
Application of MMA
Increased Adoption in End-Use Sectors Fosters Growth in PMMA
Market
Broadening Applications of PMMA as a Highly Efficient Molding
Compound Fuels Growth
Bio-Based PMMA Emerge as Eco-Friendly Alternative
Bio-based PMMA based Acrylic Resin: Potential to Develop
Sustainable Solutions for Medical Sector
PMMA-based Resins Market Going Green
PMMA to Grab Bigger Share of Automotive Plastics Market
Signs of Gradual Increase in PMMA Demand and Prices
Manufacturers Relocate Production to Low-Cost Regions
Asian Demand and New Applications Bolster PMMA Demand
Growth Prospects Closely Tied to Global Economic Situation
Stable Economic Scenario to Augment Market Prospects
Projected Rise in Vehicle Production to Sustain Demand
Recovering Construction Industry Benefits Demand for MMA and PMMA
Building Renovations & Remodeling: A Key Revenue Contributor
Growing Importance of PMMA Based Signage and Displays Drive MMA
Demand
Applications of MMA in Artificial Nail Products Industry
Nano-HA Coated Bone Collagen Holds Potential to Improve
Mechanical Properties of PMMA Bone Cement
Advanced Polymeric Materials Present Natural and Effective
Options for Building Construction
Phase Separation Enables Nanotextured Morphology of PMMA UV
Curable PUA Blends
Bio-based Materials Emerge as Better Substitute
WJ?s MMA Technology-based WeatherGrip - A Recent Advancement
Advancement in Industrial Synthesis of MMA during WAO
4. GLOBAL MARKET PERSPECTIVE
Table 1: Methyl Methacrylate (MMA) Global Market Estimates and
Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Methyl Methacrylate (MMA) Global Retrospective Market
Scenario in US$ Million by Region/Country: 2012-2019
Table 3: Methyl Methacrylate (MMA) Market Share Shift across
Key Geographies Worldwide: 2012 VS 2020 VS 2027
Table 4: Building & Construction (End-Use) Global Opportunity
Assessment in US$ Million by Region/Country: 2020-2027
Table 5: Building & Construction (End-Use) Historic Sales
Analysis in US$ Million by Region/Country: 2012-2019
Table 6: Building & Construction (End-Use) Percentage Share
Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS
2027
Table 7: Electronics (End-Use) Worldwide Sales in US$ Million
by Region/Country: 2020-2027
Table 8: Electronics (End-Use) Historic Demand Patterns in US$
Million by Region/Country: 2012-2019
Table 9: Electronics (End-Use) Market Share Shift across Key
Geographies: 2012 VS 2020 VS 2027
Table 10: Automotive (End-Use) Global Market Estimates &
Forecasts in US$ Million by Region/Country: 2020-2027
Table 11: Automotive (End-Use) Retrospective Demand Analysis in
US$ Million by Region/Country: 2012-2019
Table 12: Automotive (End-Use) Market Share Breakdown by
Region/Country: 2012 VS 2020 VS 2027
Table 13: Paints & Coatings (End-Use) Demand Potential
Worldwide in US$ Million by Region/Country: 2020-2027
Table 14: Paints & Coatings (End-Use) Historic Sales Analysis
in US$ Million by Region/Country: 2012-2019
Table 15: Paints & Coatings (End-Use) Share Breakdown Review by
Region/Country: 2012 VS 2020 VS 2027
Table 16: Aerospace (End-Use) Worldwide Latent Demand Forecasts
in US$ Million by Region/Country: 2020-2027
Table 17: Aerospace (End-Use) Global Historic Analysis in US$
Million by Region/Country: 2012-2019
Table 18: Aerospace (End-Use) Distribution of Global Sales by
Region/Country: 2012 VS 2020 VS 2027
Table 19: Medical (End-Use) Sales Estimates and Forecasts in
US$ Million by Region/Country for the Years 2020 through 2027
Table 20: Medical (End-Use) Analysis of Historic Sales in US$
Million by Region/Country for the Years 2012 to 2019
Table 21: Medical (End-Use) Global Market Share Distribution by
Region/Country for 2012, 2020, and 2027
Table 22: Other End-Uses (End-Use) Global Opportunity
Assessment in US$ Million by Region/Country: 2020-2027
Table 23: Other End-Uses (End-Use) Historic Sales Analysis in
US$ Million by Region/Country: 2012-2019
Table 24: Other End-Uses (End-Use) Percentage Share Breakdown
of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Methyl Methacrylate (MMA) Market Share (in %) by Company:
2018 & 2025
Market Analytics
Table 25: United States Methyl Methacrylate (MMA) Latent Demand
Forecasts in US$ Million by End-Use: 2020 to 2027
Table 26: Methyl Methacrylate (MMA) Historic Demand Patterns in
the United States by End-Use in US$ Million for 2012-2019
Table 27: Methyl Methacrylate (MMA) Market Share Breakdown in
the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
Table 28: Canadian Methyl Methacrylate (MMA) Market
Quantitative Demand Analysis in US$ Million by End-Use: 2020 to
2027
Table 29: Methyl Methacrylate (MMA) Market in Canada:
Summarization of Historic Demand Patterns in US$ Million by
End-Use for 2012-2019
Table 30: Canadian Methyl Methacrylate (MMA) Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
Table 31: Japanese Demand Estimates and Forecasts for Methyl
Methacrylate (MMA) in US$ Million by End-Use: 2020 to 2027
Table 32: Japanese Methyl Methacrylate (MMA) Market in US$
Million by End-Use: 2012-2019
Table 33: Methyl Methacrylate (MMA) Market Share Shift in Japan
by End-Use: 2012 VS 2020 VS 2027
CHINA
Table 34: Chinese Demand for Methyl Methacrylate (MMA) in US$
Million by End-Use: 2020 to 2027
Table 35: Methyl Methacrylate (MMA) Market Review in China in
US$ Million by End-Use: 2012-2019
Table 36: Chinese Methyl Methacrylate (MMA) Market Share
Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Methyl Methacrylate (MMA) Market: Competitor Market
Share Scenario (in %) for 2018 & 2025
Market Analytics
Table 37: European Methyl Methacrylate (MMA) Market Demand
Scenario in US$ Million by Region/Country: 2020-2027
Table 38: Methyl Methacrylate (MMA) Market in Europe:
A Historic Market Perspective in US$ Million by Region/Country
for the Period 2012-2019
Table 39: European Methyl Methacrylate (MMA) Market Share Shift
by Region/Country: 2012 VS 2020 VS 2027
Table 40: European Methyl Methacrylate (MMA) Addressable Market
Opportunity in US$ Million by End-Use: 2020-2027
Table 41: Methyl Methacrylate (MMA) Market in Europe:
Summarization of Historic Demand in US$ Million by End-Use for
the Period 2012-2019
Table 42: European Methyl Methacrylate (MMA) Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
Table 43: Methyl Methacrylate (MMA) Quantitative Demand
Analysis in France in US$ Million by End-Use: 2020-2027
Table 44: French Methyl Methacrylate (MMA) Historic Market
Review in US$ Million by End-Use: 2012-2019
Table 45: French Methyl Methacrylate (MMA) Market Share
Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and
2027
GERMANY
Table 46: Methyl Methacrylate (MMA) Market in Germany: Annual
Sales Estimates and Forecasts in US$ Million by End-Use for the
Period 2020-2027
Table 47: German Methyl Methacrylate (MMA) Market in Retrospect
in US$ Million by End-Use: 2012-2019
Table 48: Methyl Methacrylate (MMA) Market Share Distribution
in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
Table 49: Italian Demand for Methyl Methacrylate (MMA) in US$
Million by End-Use: 2020 to 2027
Table 50: Methyl Methacrylate (MMA) Market Review in Italy in
US$ Million by End-Use: 2012-2019
Table 51: Italian Methyl Methacrylate (MMA) Market Share
Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
Table 52: United Kingdom Demand Estimates and Forecasts for
Methyl Methacrylate (MMA) in US$ Million by End-Use: 2020 to
2027
Table 53: United Kingdom Methyl Methacrylate (MMA) Market in
US$ Million by End-Use: 2012-2019
Table 54: Methyl Methacrylate (MMA) Market Share Shift in the
United Kingdom by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
Table 55: Rest of Europe Methyl Methacrylate (MMA) Addressable
Market Opportunity in US$ Million by End-Use: 2020-2027
Table 56: Methyl Methacrylate (MMA) Market in Rest of Europe:
Summarization of Historic Demand in US$ Million by End-Use for
the Period 2012-2019
Table 57: Rest of Europe Methyl Methacrylate (MMA) Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
Table 58: Methyl Methacrylate (MMA) Quantitative Demand
Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
Table 59: Asia-Pacific Methyl Methacrylate (MMA) Historic
Market Review in US$ Million by End-Use: 2012-2019
Table 60: Asia-Pacific Methyl Methacrylate (MMA) Market Share
Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and
2027
REST OF WORLD
Table 61: Rest of World Methyl Methacrylate (MMA) Market
Quantitative Demand Analysis in US$ Million by End-Use: 2020 to
2027
Table 62: Methyl Methacrylate (MMA) Market in Rest of World:
Summarization of Historic Demand Patterns in US$ Million by
End-Use for 2012-2019
Table 63: Rest of World Methyl Methacrylate (MMA) Market Share
Analysis by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 37
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