Methacrylic Acid (MAA) Market Research Highlights Key Growth Drivers and Trends | Forecast 2025-2031

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Methacrylic Acid (MAA) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Methacrylic Acid (MAA) market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for Methacrylic Acid (MAA) was estimated to be worth US$ 1349 million in 2024 and is forecast to a readjusted size of US$ 1718 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Methacrylic Acid (MAA) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Methacrylic Acid (MAA) is a key intermediate in the acrylics value chain, known for its highly reactive double bond and carboxyl group, which make it an essential building block for numerous downstream derivatives. It is primarily produced through the oxidation of isobutylene, tert-butanol, or isobutane, and is often manufactured alongside methyl methacrylate (MMA) in integrated facilities. In 2024, global production of MAA reached approximately 641.8 kilotons, with an average global market price of around US$2,102 per ton. The chemical's primary applications include methacrylate esters for specialty polymers, impact-resistant plastics, ion-exchange resins, and adhesives. It also serves as a critical raw material for waterborne coatings, superabsorbent polymers, and construction additives. Due to its versatility, MAA plays an indispensable role in industries spanning construction, automotive, packaging, and electronics, ensuring that fluctuations in these sectors have a direct impact on MAA demand. Major global producers include Mitsubishi Chemical, LX MMA (South Korea), and Formosa Plastics (Taiwan), which maintain significant capacity footprints in Asia, the center of MAA production and consumption.

Competitive Landscape: -

Mitsubishi Chemical
LX MMA
Kuraray
Formosa
DuPont
BASF
Evonik
Hefa Chem
Jiangsu Sanyi

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Methacrylic Acid (MAA) market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Methacrylic Acid (MAA) market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Supply Chain Dynamics -

Upstream, MAA production depends heavily on petrochemical feedstocks such as isobutylene, tert-butanol, and methanol, meaning that production costs are sensitive to fluctuations in crude oil and refinery economics. This dependence on olefin-based raw materials encourages integration strategies: for example, Mitsubishi Chemical and LX MMA operate facilities tightly linked to MMA and derivative production, reducing supply risk and optimizing resource utilization. Downstream, MAA is consumed by diverse but highly specialized sectors. Methacrylate ester manufacturers use MAA to produce butyl methacrylate, hydroxyethyl methacrylate (HEMA), and other specialty monomers required in high-performance coatings and adhesives. PMMA producers often secure MAA as a comonomer to improve material toughness and weather resistance. Adhesive and sealant manufacturers, such as Henkel and Sika, procure MAA with strict quality specifications, prioritizing purity and consistent reactivity. Coatings players like AkzoNobel, Nippon Paint, and Sherwin-Williams are also significant buyers, focusing on long-term supply contracts to mitigate price volatility. Procurement characteristics vary: specialty chemical companies prioritize high-purity MAA grades for niche applications, often entering multi-year agreements, while construction chemical producers tend to adopt more flexible purchasing strategies, balancing price sensitivity with availability.

Market Trends -

The global MAA market is currently shaped by both structural challenges and emerging opportunities. On one hand, demand growth from construction coatings, adhesives, and polymer additives is steady but relatively modest, creating a mismatch with expanding Asian capacity. China, in particular, has rapidly scaled production of MAA, often integrated with MMA facilities, creating a more competitive global supply base. This expansion has placed pressure on traditional producers in Japan, Korea, and Taiwan, forcing them to differentiate by focusing on higher-value methacrylate derivatives or by improving operational integration. In 2024, industry dynamics echoed those of MMA: oversupply concerns surfaced as new Chinese units came online, while downstream demand lagged behind expectations in construction and automotive sectors. On the other hand, the rise of waterborne and low-VOC coatings, biomedical applications of methacrylate esters (such as in dental and ophthalmic materials), and the growing use of superabsorbent polymers in hygiene products provide long-term growth drivers. Companies like Mitsubishi Chemical and LX MMA are therefore shifting strategies from commodity bulk supply toward innovation-driven niches. Going forward, the MAA industry will need to balance expanding Asian capacity with sustainable demand growth. Cost efficiency, downstream integration, and product diversification will be critical to weather cyclical downturns and to secure resilience in an increasingly competitive market landscape.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Methacrylic Acid (MAA) Market Segmentation -

The report offers great insights into important segments of the global Methacrylic Acid (MAA) market while concentrating on their CAGR, market size, market share, and future growth potential. The global Methacrylic Acid (MAA) market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Methacrylic Acid (MAA) market.

Segmentation By Type :-

Acetone Cyanohydrin Method
Isobutylene Oxidation Method

Segmentation By Application -

Rubber Modification
Coating
Adhesive
Textile
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Methacrylic Acid (MAA) Market Report Objectives -

(1) Analyzing the size of the global Methacrylic Acid (MAA) market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Methacrylic Acid (MAA) market

(3) Exploring key dynamics of the global Methacrylic Acid (MAA) market

(4) Highlighting important trends of the global Methacrylic Acid (MAA) market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Methacrylic Acid (MAA) market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Methacrylic Acid (MAA) market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Methacrylic Acid (MAA) market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Methacrylic Acid (MAA) market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Methacrylic Acid (MAA) Product Introduction
1.2 Global Methacrylic Acid (MAA) Market Size Forecast
1.2.1 Global Methacrylic Acid (MAA) Sales Value (2020-2031)
1.2.2 Global Methacrylic Acid (MAA) Sales Volume (2020-2031)
1.2.3 Global Methacrylic Acid (MAA) Sales Price (2020-2031)
1.3 Methacrylic Acid (MAA) Market Trends & Drivers
1.3.1 Methacrylic Acid (MAA) Industry Trends
1.3.2 Methacrylic Acid (MAA) Market Drivers & Opportunity
1.3.3 Methacrylic Acid (MAA) Market Challenges
1.3.4 Methacrylic Acid (MAA) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Methacrylic Acid (MAA) Players Revenue Ranking (2024)
2.2 Global Methacrylic Acid (MAA) Revenue by Company (2020-2025)
2.3 Global Methacrylic Acid (MAA) Players Sales Volume Ranking (2024)
2.4 Global Methacrylic Acid (MAA) Sales Volume by Company Players (2020-2025)
2.5 Global Methacrylic Acid (MAA) Average Price by Company (2020-2025)
2.6 Key Manufacturers Methacrylic Acid (MAA) Manufacturing Base and Headquarters
2.7 Key Manufacturers Methacrylic Acid (MAA) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Methacrylic Acid (MAA)
2.9 Methacrylic Acid (MAA) Market Competitive Analysis
2.9.1 Methacrylic Acid (MAA) Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Methacrylic Acid (MAA) Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Methacrylic Acid (MAA) as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Acetone Cyanohydrin Method
3.1.2 Isobutylene Oxidation Method
3.2 Global Methacrylic Acid (MAA) Sales Value by Type
3.2.1 Global Methacrylic Acid (MAA) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Methacrylic Acid (MAA) Sales Value, by Type (2020-2031)
3.2.3 Global Methacrylic Acid (MAA) Sales Value, by Type (%) (2020-2031)
3.3 Global Methacrylic Acid (MAA) Sales Volume by Type
3.3.1 Global Methacrylic Acid (MAA) Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Methacrylic Acid (MAA) Sales Volume, by Type (2020-2031)
3.3.3 Global Methacrylic Acid (MAA) Sales Volume, by Type (%) (2020-2031)
3.4 Global Methacrylic Acid (MAA) Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Rubber Modification
4.1.2 Coating
4.1.3 Adhesive
4.1.4 Textile
4.1.5 Others
4.2 Global Methacrylic Acid (MAA) Sales Value by Application
4.2.1 Global Methacrylic Acid (MAA) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Methacrylic Acid (MAA) Sales Value, by Application (2020-2031)
4.2.3 Global Methacrylic Acid (MAA) Sales Value, by Application (%) (2020-2031)
4.3 Global Methacrylic Acid (MAA) Sales Volume by Application
4.3.1 Global Methacrylic Acid (MAA) Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Methacrylic Acid (MAA) Sales Volume, by Application (2020-2031)
4.3.3 Global Methacrylic Acid (MAA) Sales Volume, by Application (%) (2020-2031)
4.4 Global Methacrylic Acid (MAA) Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Methacrylic Acid (MAA) Sales Value by Region
5.1.1 Global Methacrylic Acid (MAA) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Methacrylic Acid (MAA) Sales Value by Region (2020-2025)
5.1.3 Global Methacrylic Acid (MAA) Sales Value by Region (2026-2031)
5.1.4 Global Methacrylic Acid (MAA) Sales Value by Region (%), (2020-2031)
5.2 Global Methacrylic Acid (MAA) Sales Volume by Region
5.2.1 Global Methacrylic Acid (MAA) Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Methacrylic Acid (MAA) Sales Volume by Region (2020-2025)
5.2.3 Global Methacrylic Acid (MAA) Sales Volume by Region (2026-2031)
5.2.4 Global Methacrylic Acid (MAA) Sales Volume by Region (%), (2020-2031)
5.3 Global Methacrylic Acid (MAA) Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Methacrylic Acid (MAA) Sales Value, 2020-2031
5.4.2 North America Methacrylic Acid (MAA) Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Methacrylic Acid (MAA) Sales Value, 2020-2031
5.5.2 Europe Methacrylic Acid (MAA) Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Methacrylic Acid (MAA) Sales Value, 2020-2031
5.6.2 Asia Pacific Methacrylic Acid (MAA) Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Methacrylic Acid (MAA) Sales Value, 2020-2031
5.7.2 South America Methacrylic Acid (MAA) Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Methacrylic Acid (MAA) Sales Value, 2020-2031
5.8.2 Middle East & Africa Methacrylic Acid (MAA) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Methacrylic Acid (MAA) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Methacrylic Acid (MAA) Sales Value and Sales Volume
6.2.1 Key Countries/Regions Methacrylic Acid (MAA) Sales Value, 2020-2031
6.2.2 Key Countries/Regions Methacrylic Acid (MAA) Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Methacrylic Acid (MAA) Sales Value, 2020-2031
6.3.2 United States Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Methacrylic Acid (MAA) Sales Value, 2020-2031
6.4.2 Europe Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Methacrylic Acid (MAA) Sales Value, 2020-2031
6.5.2 China Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Methacrylic Acid (MAA) Sales Value, 2020-2031
6.6.2 Japan Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Methacrylic Acid (MAA) Sales Value, 2020-2031
6.7.2 South Korea Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Methacrylic Acid (MAA) Sales Value, 2020-2031
6.8.2 Southeast Asia Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Methacrylic Acid (MAA) Sales Value, 2020-2031
6.9.2 India Methacrylic Acid (MAA) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Methacrylic Acid (MAA) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Mitsubishi Chemical
7.1.1 Mitsubishi Chemical Company Information
7.1.2 Mitsubishi Chemical Introduction and Business Overview
7.1.3 Mitsubishi Chemical Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Mitsubishi Chemical Methacrylic Acid (MAA) Product Offerings
7.1.5 Mitsubishi Chemical Recent Development
7.2 LX MMA
7.2.1 LX MMA Company Information
7.2.2 LX MMA Introduction and Business Overview
7.2.3 LX MMA Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 LX MMA Methacrylic Acid (MAA) Product Offerings
7.2.5 LX MMA Recent Development
7.3 Kuraray
7.3.1 Kuraray Company Information
7.3.2 Kuraray Introduction and Business Overview
7.3.3 Kuraray Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Kuraray Methacrylic Acid (MAA) Product Offerings
7.3.5 Kuraray Recent Development
7.4 Formosa
7.4.1 Formosa Company Information
7.4.2 Formosa Introduction and Business Overview
7.4.3 Formosa Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Formosa Methacrylic Acid (MAA) Product Offerings
7.4.5 Formosa Recent Development
7.5 DuPont
7.5.1 DuPont Company Information
7.5.2 DuPont Introduction and Business Overview
7.5.3 DuPont Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 DuPont Methacrylic Acid (MAA) Product Offerings
7.5.5 DuPont Recent Development
7.6 BASF
7.6.1 BASF Company Information
7.6.2 BASF Introduction and Business Overview
7.6.3 BASF Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 BASF Methacrylic Acid (MAA) Product Offerings
7.6.5 BASF Recent Development
7.7 Evonik
7.7.1 Evonik Company Information
7.7.2 Evonik Introduction and Business Overview
7.7.3 Evonik Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Evonik Methacrylic Acid (MAA) Product Offerings
7.7.5 Evonik Recent Development
7.8 Hefa Chem
7.8.1 Hefa Chem Company Information
7.8.2 Hefa Chem Introduction and Business Overview
7.8.3 Hefa Chem Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Hefa Chem Methacrylic Acid (MAA) Product Offerings
7.8.5 Hefa Chem Recent Development
7.9 Jiangsu Sanyi
7.9.1 Jiangsu Sanyi Company Information
7.9.2 Jiangsu Sanyi Introduction and Business Overview
7.9.3 Jiangsu Sanyi Methacrylic Acid (MAA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Jiangsu Sanyi Methacrylic Acid (MAA) Product Offerings
7.9.5 Jiangsu Sanyi Recent Development
8 Industry Chain Analysis
8.1 Methacrylic Acid (MAA) Industrial Chain
8.2 Methacrylic Acid (MAA) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Methacrylic Acid (MAA) Sales Model
8.5.2 Sales Channel
8.5.3 Methacrylic Acid (MAA) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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