Press release
Methyl Methacrylate (MMA) Market: Competitive Dynamics & Global Outlook 2023
Methyl methacrylate (MMA) is an unsaturated ester, with the chemical formula C5H8O2. Methyl methacrylate (MMA) is an organic compound that is used principally to manufacture acrylic sheet, moulding/ extrusion compounds, surface coating, PVC impact modifier, etc.
Currently, some companies in the world can produce methyl methacrylate (MMA) product, mainly concentrating in North America and Europe. The main market players are Mitsubishi Rayon, Evonik, Dow, Sumitomo Chemical, LG MMA, Asahi Kasei, etc. The production of methyl methacrylate (MMA) will increase from 3356 K MT in 2011 to 3780 K MT in 2016, with an average growth rate of 1.54%. Global methyl methacrylate (MMA) capacity utilization rate remained at around 84.12% in 2015.
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Global Methyl Methacrylate (MMA) Market: Forecast by Type / Application / Region
In consumption market, the growth rate of global consumption is smooth relatively. North America, Europe and China are still the mainly consumption regions due to the advanced production technology and rapid development of economy.
Currently, the main production technologies of MMA are ACH method, isobutylene method and ethylene method. It can be widely used in many industries. Survey results showed that polymethyl methacrylate is the largest consumption area, with the market share of 54.85% in 2015. With the development of economy, these industries will need more methyl methacrylate (MMA). So, methyl methacrylate (MMA) has a huge market potential in the future.
The major raw material for methyl methacrylate is copper. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of methyl methacrylate (MMA) industry.
We tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Methyl Methacrylate (MMA) will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Methyl Methacrylate (MMA) Market: Key Players
Mitsubishi Rayon
Evonik
Dow
Sumitomo Chemical
LG MMA
Asahi Kasei
Arkema
Kuraray
Mitsubishi Gas Chemical
BASF
Formosa Plastics
Jilin Petrochemical
Longxin Chemical
Shandong Hongxu
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Related Information:
United States Methyl Methacrylate (MMA) Market Research Report 2018
Europe Methyl Methacrylate (MMA) Market Research Report 2018
North America Methyl Methacrylate (MMA) Market Research Report 2018
Asia-Pacific Methyl Methacrylate (MMA) Market Research Report 2018
China Methyl Methacrylate (MMA) Market Research Report 2018
EMEA Methyl Methacrylate (MMA) Market Research Report 2018
Global Methyl Methacrylate (MMA) Market Research Report 2018
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