Methyl Methacrylate Market is Expected to Expand with a CAGR of 3.4% to Reach ~5.7 Million Tons by the end of 2028

Methyl Methacrylate Market 2022-2028
New Study Reports "Methyl Methacrylate Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2028" has been Added on PersistenceMarketResearch.

Report Details:

This report provides in depth study of "Methyl Methacrylate Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Methyl Methacrylate Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The report reveals that the application of methyl methacrylate for the production of PMMA is projected to account for a major share of consumption (~50%) during the forecast period. The global methyl methacrylate market is pegged at approximately 3.9 Million Tons in terms of volume at present and is expected to expand with a CAGR of 3.4% to reach ~5.7 Million Tons by the end of 2028.

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Methyl Methacrylate is an essential substance for PMMA and many other polymers and thus, the global methyl methacrylate market is projected to register healthy growth over the forecast period
Key Players:
The report has profiled some of the important players prevalent in the global like - DowDuPont Inc., BASF SE, Mitsubishi Chemical Holding Corporation, Arkema, S.K. Panchal and Co., LG Chem, Monómeros del Vallés S.L., NIPPON SHOKUBAI CO., LTD., Sumitomo Corporation, Shanghai Huayi Group Corp. Ltd., Heilongjiang Zhongmeng Longxin Chemical Co., Ltd. and Kowa India Pvt. Ltd. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Methyl Methacrylate Market.

On the basis of production type, the methyl methacrylate market can be segmented into chemical synthesis and recycling & reclaiming MMA monomer. Chemical synthesis MMA is widely used around the globe in the production of paints and coatings, PMMA or acrylic sheet, adhesives & sealants in various end-use industries. While recycling and reclaiming MMA monomers are made from recyclable industrial PMMA or end-of-life products, the chemical synthesis segment of the global methyl methacrylate market is estimated to account for more than 94% of the total absolute $ opportunity created over the forecast period.

Methyl methacrylate finds various applications in the production of a variety of products. The largest application of methyl methacrylate is in the production of PMMA, which accounts for approximately 50% of the consumption. PMMA is used in various end-use industries such as automotive and electronics for the manufacturing of automotive parts and components (windshields, lighting display and door strip, among others) and displays of electronic products (smartphone screens). The second largest application of methyl methacrylate is the production of a variety of paints, coatings, and inks such as automotive coatings, architectural and decorative paints and coatings.The industrial paints and coatings application of the methyl methacrylate market is estimated to account for more than 42% of the total incremental $ opportunity created over the forecast period.

A number of methods can be used for the production of methyl methacrylate - acetone cyanohydrin (ACH) based, ethylene based, acetone, HCN and methanol based and methyl formate based, amongst others. Manufacturers such as Industries are investing in commercializing alternative production methods to reduce the harmful effects of cyanide and the overall operation and production costs.
Geographically, East Asia is anticipated to be a lucrative region in the global methyl methacrylate market during the forecast period. The region is estimated to account for a prominent share in the global methyl methacrylate market and is expected to account for approximately 44% of the total absolute $ opportunity in the market over the forecast period. This can be attributed to the growing demand for PMMA from construction and automotive industries.

Moreover, a small share of the demand is also expected to stem from textile and leather, paper and pulp, processing industries. North America and Europe are also projected to hold a significant share in the global methyl methacrylate market, owing to the rising use of plastic components to meet vehicle regulations such as reducing the weight of vehicle and emissions. The Middle East and Africa are estimated to account for a minimal share in the global methyl methacrylate market over the forecast period.

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Key Stakeholders
Methyl Methacrylate Market Manufacturers
Methyl Methacrylate Market Distributors/Traders/Wholesalers
Methyl Methacrylate Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Methyl Methacrylate Market - Report Highlights

• A detailed overview of parent market of Methyl Methacrylate Market
• Changing Methyl Methacrylate Market dynamics in the industry
• In-depth segmentation of the Methyl Methacrylate Market
• Historical, current, and projected Methyl Methacrylate Market size regarding volume and value
• Recent industry trends and developments in Methyl Methacrylate Market
• Competitive landscape of the Methyl Methacrylate Market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Methyl Methacrylate Market performance
• Must-have information for Methyl Methacrylate Market players to sustain and enhance their market footprint

Key Questions Answered in the Methyl Methacrylate Market Report

How is the Methyl Methacrylate Market expected to grow over the projected period?

What direction is the Methyl Methacrylate Market
expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Methyl Methacrylate Market in future?

What are the key market drivers in the Methyl Methacrylate Market?

What are significant opportunities and improvement areas for Methyl Methacrylate Market manufacturers?

What are the key developments and trends taking over the Methyl Methacrylate Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Methyl Methacrylate Market?

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