Global Methyl Methacrylate (MMA) Market to Reach $47.3 Billion by 2030
NEW YORK, Feb. 15, 2023 /PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
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Global Methyl Methacrylate (MMA) Market to Reach $47.3 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Methyl Methacrylate (MMA) estimated at US$28.2 Billion in the year 2022, is projected to reach a revised size of US$47.3 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030. Building & Construction, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$23.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automotive segment is readjusted to a revised 6.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 6.2% CAGR
The Methyl Methacrylate (MMA) market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Select Competitors (Total 37 Featured)
- 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. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
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
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Methyl Methacrylate (MMA) - Global Key Competitors Percentage
Market Share in 2022 (E)
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: World Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 2: World Historic Review for Methyl Methacrylate (MMA) by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 3: World 16-Year Perspective for Methyl Methacrylate
(MMA) by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for
Building & Construction by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 5: World Historic Review for Building & Construction by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 6: World 16-Year Perspective for Building & Construction
by Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2014, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for
Electronics by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2022 through
2030 and % CAGR
Table 8: World Historic Review for Electronics by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets - Independent Analysis of Annual Sales in
US$ Million for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Electronics by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2014, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for
Automotive by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2022 through
2030 and % CAGR
Table 11: World Historic Review for Automotive by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets - Independent Analysis of Annual Sales in
US$ Million for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Automotive by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2014, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for
Paints & Coatings by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 14: World Historic Review for Paints & Coatings by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 15: World 16-Year Perspective for Paints & Coatings by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for
Other End-Uses by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 17: World Historic Review for Other End-Uses by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 18: World 16-Year Perspective for Other End-Uses by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2014, 2023 & 2030
Table 19: World Methyl Methacrylate (MMA) Market Analysis of
Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United States for 2023
(E)
Table 20: USA Recent Past, Current & Future Analysis for Methyl
Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 21: USA Historic Review for Methyl Methacrylate (MMA) by
End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 22: USA 16-Year Perspective for Methyl Methacrylate (MMA)
by End-Use - Percentage Breakdown of Value Sales for Building &
Construction, Automotive, Electronics, Paints & Coatings and
Other End-Uses for the Years 2014, 2023 & 2030
CANADA
Table 23: Canada Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 24: Canada Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 25: Canada 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
JAPAN
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 26: Japan Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 27: Japan Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 28: Japan 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
CHINA
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in China for 2023 (E)
Table 29: China Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 30: China Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 31: China 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
EUROPE
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Europe for 2023 (E)
Table 32: Europe Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by Geographic Region - France,
Germany, Italy, UK and Rest of Europe Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2022 through
2030 and % CAGR
Table 33: Europe Historic Review for Methyl Methacrylate (MMA)
by Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets - Independent Analysis of Annual Sales in US$
Million for Years 2014 through 2021 and % CAGR
Table 34: Europe 16-Year Perspective for Methyl Methacrylate
(MMA) by Geographic Region - Percentage Breakdown of Value
Sales for France, Germany, Italy, UK and Rest of Europe Markets
for Years 2014, 2023 & 2030
Table 35: Europe Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 36: Europe Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 37: Europe 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
FRANCE
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in France for 2023 (E)
Table 38: France Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 39: France Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 40: France 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
GERMANY
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Germany for 2023 (E)
Table 41: Germany Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 42: Germany Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 43: Germany 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
ITALY
Table 44: Italy Recent Past, Current & Future Analysis for
Methyl Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 45: Italy Historic Review for Methyl Methacrylate (MMA)
by End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 46: Italy 16-Year Perspective for Methyl Methacrylate
(MMA) by End-Use - Percentage Breakdown of Value Sales for
Building & Construction, Automotive, Electronics, Paints &
Coatings and Other End-Uses for the Years 2014, 2023 & 2030
UNITED KINGDOM
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United Kingdom for 2023
(E)
Table 47: UK Recent Past, Current & Future Analysis for Methyl
Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 48: UK Historic Review for Methyl Methacrylate (MMA) by
End-Use - Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR
Table 49: UK 16-Year Perspective for Methyl Methacrylate (MMA)
by End-Use - Percentage Breakdown of Value Sales for Building &
Construction, Automotive, Electronics, Paints & Coatings and
Other End-Uses for the Years 2014, 2023 & 2030
REST OF EUROPE
Table 50: Rest of Europe Recent Past, Current & Future Analysis
for Methyl Methacrylate (MMA) by End-Use - Building &
Construction, Automotive, Electronics, Paints & Coatings and
Other End-Uses - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 51: Rest of Europe Historic Review for Methyl
Methacrylate (MMA) by End-Use - Building & Construction,
Automotive, Electronics, Paints & Coatings and Other End-Uses
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 52: Rest of Europe 16-Year Perspective for Methyl
Methacrylate (MMA) by End-Use - Percentage Breakdown of Value
Sales for Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses for the Years 2014, 2023 &
2030
ASIA-PACIFIC
Methyl Methacrylate (MMA) Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 53: Asia-Pacific Recent Past, Current & Future Analysis
for Methyl Methacrylate (MMA) by End-Use - Building &
Construction, Automotive, Electronics, Paints & Coatings and
Other End-Uses - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 54: Asia-Pacific Historic Review for Methyl Methacrylate
(MMA) by End-Use - Building & Construction, Automotive,
Electronics, Paints & Coatings and Other End-Uses Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 55: Asia-Pacific 16-Year Perspective for Methyl
Methacrylate (MMA) by End-Use - Percentage Breakdown of Value
Sales for Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses for the Years 2014, 2023 &
2030
REST OF WORLD
Table 56: Rest of World Recent Past, Current & Future Analysis
for Methyl Methacrylate (MMA) by End-Use - Building &
Construction, Automotive, Electronics, Paints & Coatings and
Other End-Uses - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 57: Rest of World Historic Review for Methyl Methacrylate
(MMA) by End-Use - Building & Construction, Automotive,
Electronics, Paints & Coatings and Other End-Uses Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 58: Rest of World 16-Year Perspective for Methyl
Methacrylate (MMA) by End-Use - Percentage Breakdown of Value
Sales for Building & Construction, Automotive, Electronics,
Paints & Coatings and Other End-Uses for the Years 2014, 2023 &
2030
IV. COMPETITION
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