openPR Logo
Press release

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 is expected to expand with a CAGR

Persistence Market Research delivers key insights on the global methyl methacrylate (MMA) market and highlights key information through structured market research. The report titled "Methyl Methacrylate Market: Global Industry Analysis 2013-2017 and Forecast, 2018-2028" analyzes the market and forecasts the future market scenario on the basis of production type, application, feedstock, and region. 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.

Methyl Methacrylate Market Segmented by Polymethyl Methacrylate with Chemical Synthesis, Recycling and Reclaiming Production Type, applied in PMMA, Adhesives and Sealants, Industrial Paints and Coatings, Inks in Acetone, Ethylene, Methanol, Isobutylene

Request for Free Sample Report of "Methyl Methacrylate Market" Market @ https://www.persistencemarketresearch.com/samples/25912

global methyl methacrylate market

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

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.

Request For Customization @ https://www.persistencemarketresearch.com/request-customization/25912

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 Evonik 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.

Some of the key market participants in the global methyl methacrylate market are DowDuPont Inc., BASF SE, Mitsubishi Chemical Holding Corporation, Arkema, Evonik Industries AG, 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.

Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/25912

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

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 Methyl Methacrylate Market is expected to expand with a CAGR of 3.4% to reach ~5.7 Million Tons by the end of 2028 here

News-ID: 2698891 • Views:

More Releases from Persistence Market Research

Crypto Asset Management Market Expected to Register USD 2.28 Billion Revenue by 2031, Driven by AI and Machine Learning | Persistence Market Research
Crypto Asset Management Market Expected to Register USD 2.28 Billion Revenue by …
The crypto asset management market is emerging as a crucial segment within the financial technology and blockchain ecosystem, providing secure, transparent, and efficient solutions for managing digital assets. Crypto asset management platforms enable institutional and retail investors to track, trade, and optimize cryptocurrency portfolios, leveraging technologies like artificial intelligence (AI) and machine learning (ML) for enhanced decision-making and transaction efficiency. The increasing adoption of cryptocurrencies, coupled with regulatory clarity in
Multi-Vendor Support Services Industry Poised for Growth at 3.2% CAGR Through 2031 | Persistence Market Research
Multi-Vendor Support Services Industry Poised for Growth at 3.2% CAGR Through 20 …
The multi-vendor support services market is emerging as a critical component in enterprise IT management, helping organizations efficiently manage complex IT environments across multiple hardware and software vendors. These services provide consolidated support, maintenance, and management for diverse IT assets, reducing operational downtime and improving cost efficiency. With the increasing adoption of hybrid and multi-cloud strategies, enterprises require expert support to navigate interoperability challenges, optimize vendor relationships, and ensure seamless
Global Neuromorphic Computing Industry Anticipated to Reach USD 20.4 Billion by 2031 | Persistence Market Research
Global Neuromorphic Computing Industry Anticipated to Reach USD 20.4 Billion by …
The neuromorphic computing market is emerging as a transformative segment within the broader artificial intelligence (AI) and computing industry. Neuromorphic computing mimics the human brain's neural architecture, enabling machines to process information more efficiently and with lower energy consumption than traditional computing systems. This technology finds applications in robotics, autonomous vehicles, healthcare diagnostics, cybersecurity, and consumer electronics, making it a versatile and high-growth area. As the demand for AI-driven automation
Anime Merchandising Market Expected to Register USD 18.16 Billion Revenue by 2032, Driven by Fan Engagement and Brand Collaborations | Persistence Market Research
Anime Merchandising Market Expected to Register USD 18.16 Billion Revenue by 203 …
The global anime merchandising market has witnessed remarkable growth in recent years, driven by the worldwide popularity of anime content and increasing fan engagement. Merchandise provides fans with tangible ways to express their fandom, ranging from toys and figurines to apparel, accessories, and lifestyle products. The proliferation of e-commerce platforms and specialized online stores has further enhanced accessibility, allowing enthusiasts from different regions to purchase exclusive, limited-edition items. Collaborations with

All 5 Releases


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