The Methyl Methacrylate (MMA) Production in North East Asia Is Anticipated to Reach 1.5 Million Tons In 2023

According to a recently published report about the North East Asian methyl methacrylate (MMA) market, it was equal to 1.393 million tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 37% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach around 1.7 million tons, thus growing at a CAGR of about 1.8% per annum in the period 2018-2023. This is a slight increase, compared to the growth at a CAGR of around 1.7% per year, registered in 2013-2017.

The analytical research projects that the North East Asian production of methyl methacrylate (MMA) is likely to grow to around 1.5 million tons in the medium term. Upward dynamics of the overall installed production capacities in the region are also expected. On the contrary, their annual average utilization rates are expected to decline. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

As an overall, the report presents a strategic analysis of the methyl methacrylate (MMA) market in North East Asia and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:
• Dongming Huayi Yuhuang New Material;
• Evonik Degussa;
• Fushun Anxin Chemical;
• Heilongjiang Longxin Chemical;
• Huizhou MMA;
• Jiangsu Jiankun Chemical;
• Jiangsu Sailboat Petrochemical;
• Jihua Suzhou Anli Chemical;
• Lucite International;
• Petrochina Jilin Petrochemicals;
• Shandong Haili Chemical;
• Shandong Hongxu Chemical Company;
• Shandong Yidali Chemical;
• Sinochem Quanzhou Petrochemical;
• Wanhua Chemical;
• Xinjiang Zhongtai Chemicals;
• Zhejiang Petrochemical;
• Asahi Kasei;
• Kuraray Co.;
• Mitsubishi Gas Chemical;
• Mitsubishi Rayon;
• Mitsui Chemicals;
• Nihon Methacryl Monomer;
• Sumitomo Chemical;
• LG MMA;
• Lotte Chemical;
• Lotte MCC Corporation.

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Williams & Marshall Strategy (WMStrategy) is a global full-service market research and consulting company, providing market insight and analysis on a wide range of industries and markets. Our unique research methodology combines quantitative and qualitative analysis and covers the whole value chain of the markets we analyze – from manufacturers and distributors through wholesalers and retailers to the final clients, which allows us to provide unmatched wide and deep industry understanding. Thus, our clients receive actionable insights on the volume, value and dynamics, trends, growth drivers, threats and opportunities of each market – intelligence that helps them be always a step ahead of the competition. WMStrategy’s reports help our clients make informed commercial planning and strategic decisions and so timely tackle the complex challenges and maximize the opportunities that impact their businesses and drive the generation, evaluation and implementation of powerful growth strategies. We are constantly enhancing our research skills and coverage by improving our work and adding new experts and geographical markets to our portfolio, making our products an essential resource for companies at global, national and local level. Our reports free up your resources and offer you timely deep industry understanding and strategic insights, required in today’s increasingly competitive business environment.

This release was published on openPR.