Press release
Growing End-use Adoption to Fuel Sales of Methyl Methacrylate During the Forecast Period
The global demand for Methyl Methacrylate (MMA), according to a market study by Persistence Market Research (PMR), is expected to represent a slow-moving growth in 2019, considering increasing planned and unplanned production outages and issues arising from aging production capacities, globally. The global volume sales of methyl methacrylate is projected to reach approximately 4 million tons in 2019, further expanding at a modest CAGR of 3.3 percent, through 2026. In terms of value, sales of methyl methacrylate is projected to top US$ 8.2 billion in 2019, representing a sluggish CAGR of 2 percent, between 2018 and 2026. Global revenue from methyl methacrylate sales witnessed a slight decline in 2017, while the demand growth is estimated to remain moderate, over the next 8 years.Request For Report Sample@ https://www.persistencemarketresearch.com/samples/25912
While more mature, developed regions including North America and Europe represent a below sluggish CAGR, developing markets such as China is anticipated to observe significantly high growth rate given the expanding automotive production landscape in the country.SEA and Pacific, majorly Taiwan, is projected to witness a surging demand for methyl methacrylate for the production of polymethyl methacrylate (PMMA) used in electronics screen manufacturing. SEA and Other Pacific is expected to lead, in terms of methyl methacrylate consumption, with approximately 28.9 percent.
South Korea is anticipated to represent more than 50% of the overall SEA incremental dollar opportunity created through the forecast period.Capacity shutdown in Europe is projected to translate into share price increase for methyl methacrylate. However, the situation is expected to normalize by 2026, as per the report.
Key Findings from Segmentation Analysis
“Methyl methacrylate is a crucial chemical used in the production of paints and coatings, adhesives, and plastics—used across end-use sectors. However, production of PMMA remains the primary and largest application of methyl methacrylate, followed by paints and coatings including advanced resins and coating formulations. More than 50% of the global methyl methacrylate is consumed for the production of PMMA and other polymers, widely used in an array of applications including manufacturing of fabricated products, building materials, lighting fixtures, signs, displays, sanitary items, glazing, lighting fixtures, lenses, and electronic appliances. Moreover, demand for PMMA is also growing substantially, global electric vehicles production landscape”, explains a senior analyst.
In addition, demand for methacrylate-based adhesives and sealants has also increased, specifically for light-weight vehicle production, considering its excellent stability, strength, and resistance.
By end-use industry, automotive industry holding a market share of approximately 44 percent, is anticipated to remain the most rewarding segment, through the forecast period, the analyst explains further.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/methodology/25912
Collectively, building and construction and automotive sectors account for more than 80 percent of the global methyl methacrylate consumption.
In a highly consolidated landscape, top 5-6 manufactures of methyl methacrylate hold dominance over 80-85 percent of total market share, with strong geographic concentration in regions like Japan, China, U.S, and Europe. Companies such as Mitsubishi Chemicals Holdings Corporation, Evonik Industries AG, Sumitomo Corporation, and The Dow Chemical Company form a major portion of the tier-1 players. Tier-2 players such as Arkema S.A., LG MMA, and Jilin Chemical amongst others, on the other hand, hold approximately 10-15 percent of the total market share, with major presence in regions like Europe, South Korea, and China. The remaining market share belongs to the nearly 8-10 emerging or tier-3 companies such as PTT Asahi Chemical Company Limited (PTTAC), Kuraray Co., Ltd, and FPC, with presence in China, Japan, MEA, and Thailand. The core forward market strategies adopted by key manufacturers of methyl methacrylate include:
Tier 1 companies:New cost effective and environmental friendly production process development.Strategic expansion in developing markets of Asia Pacific region.
Mitsubishi Chemicals Holdings Corporation, for instance, is focusing on setting up production plants to ensure reduction in production cost and significant revenue generation from exports. Moreover, the Saudi Methacrylates Co. (SAMAC), a joint venture between Saudi Basic Industries Corp (SABIC) and Mitsubishi Chemical Corp. is the largest methyl methacrylate monomer producing plant using Alpha Technology (New EthyleneMethod) for production.Tier 2 companies:Collaboration with leading global players in respective regions.Expansion in domestic markets.Arkema, for instance, is strengthening its supply and distribution network, while also expanding its production capacities.Tier 3 companies:Focus remains of expanding production capacity in local markets, while reducing dependency on imports.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing End-use Adoption to Fuel Sales of Methyl Methacrylate During the Forecast Period here
News-ID: 1453006 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for MMA
Online Mma Training Programs Market to Witness a Pronounce Growth during 2024-20 …
WMR's latest released Online Mma Training Programs Market Report 2024-2031 provides an in-depth exploration of the trends, challenges, and opportunities within this dynamic market landscape. From enabling technological advancements to driving innovation and sustainability initiatives, the Online Mma Training Programs Market plays a pivotal role in shaping the modern world economy. The report throws light on the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the…
Online MMA Training Programs Market Size, Share, Trends, Competitive Landscape, …
The latest intelligence report published by WMR, titled "Online MMA Training Programs Market - Growth Insights, Forecast to 2031" provides current updates and strategic steps taken by competition along with growth estimates of market size. This market study presents basic data and true figures about the market giving a deep analysis of this market based on market trends, market drivers, constraints, and prospects. The report supplies the worldwide monetary challenge…
Online Mma Training Programs Market Recent Trends, In-depth Analysis, Size and F …
The Online Mma Training Programs Market research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Online Mma Training Programs industry along with various other factors over the predicted period 2023-2030. The report on the Online Mma Training Programs market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channels,…
Online Mma Training Programs Market Set to Witness Extraordinary Growth by 2030 …
The Online Mma Training Programs Market Trends Overview 2023-2030:
A new Report by Worldwide Market Reports, titled "Online Mma Training Programs Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," offers a comprehensive analysis of the industry, which comprises insights on the Online Mma Training Programs market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Monobutylamine (MMA) Market 2022 | Detailed Report
The Monobutylamine (MMA) report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry.
The Monobutylamine (MMA) report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them…
2020 Methyl Methacrylate (MMA) Industry Report- Growth by Key Countries and Glob …
ReportsnReports added a new report on The Methyl Methacrylate (MMA) Industry report delivers the clean elaborated structure of the Report comprising each and every business-related information of the market at a global level. The complete range of information related to the Methyl Methacrylate Industry is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of…