Press release
Specialty Methacrylate Market Trends Indicate Strong Expansion Fueled by Lightweight Materials and Optical Clarity Requirements
Specialty Methacrylate Market
According to the latest research by InsightAce Analytic, the Global Specialty Methacrylate Market is valued at US$ 210.50 Mn in 2022, and it is expected to reach US$ 314.67 Mn by 2031, with a CAGR of 4.7% during the forecast period of 2023-2031.
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Methyl Methacrylate (MMA) and other acrylic-based resins are increasingly being adopted as lightweight, high-performance substitutes for traditional materials such as glass, metals, and standard polymers. Their incorporation into automotive manufacturing supports significant vehicle weight reduction, which enhances fuel economy and contributes to lower emissions. As a result, the use of specialized methacrylates within the automotive sector continues to expand, reinforcing overall market growth.
Acrylic-based resins also offer exceptional optical clarity and transparency, making them well-suited for a wide range of electronics applications. They are commonly utilized in the production of display panels, lenses, light-guiding components, and other precision optical elements found in modern electronic devices.
In addition, the strong impact resistance of specialty methacrylates remains a key advantage across both automotive and electronics end-use industries. In automotive applications, these materials are frequently used for exterior panels, interior components, and headlamp assemblies. Within electronics, they are applied in protective casings and screen covers for smartphones and portable devices. Consequently, the ongoing expansion of the electronics industry is expected to play a substantial role in accelerating demand for specialized methacrylates over the forecast period.
List of Prominent Players in the Specialty Methacrylate Market:
• Dow
• Sumitomo Chemical Co., Ltd.
• LG Chem
• Arkema
• BASF SE
• Bimax Chemicals Ltd.
• Evonik Industries AG
• Fushun Anxin Chemical Co. Ltd.
• GEO Specialty Chemicals Inc.
• Hitachi Chemical Co. Ltd.
• Keisha Chemical Co. Ltd.
• Millipore Sigma
• Mitsubishi Chemical Holdings Corporation
• Miwon Specialty Chemical Co. Ltd.
• Nippon Shokubai Co. Ltd.
• Sartomer (Arkema Group)
• Shin Nakamura Chemical Co. Ltd.
• Röhm GmbH
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Market Dynamics
Drivers:
Specialty methacrylate adhesives and sealants are widely adopted in the building and construction industry due to their capability to bond and seal a broad spectrum of materials, including metals, composites, concrete, and plastics. These solutions deliver strong, long-lasting adhesion that enhances the structural performance of construction and infrastructure projects. Additionally, acrylic-based methacrylates are preferred for glazing applications-such as windows, skylights, and architectural facades-because of their superior optical clarity, impact resistance, and weather durability. Their lightweight nature and design versatility also align with modern architectural trends, further driving their increased utilization.
Challenges:
One of the major challenges for methyl methacrylate (MMA) producers and end users is the reliance on outdated production systems and cyanide-based feedstock used in traditional acetone-cyanohydrin manufacturing processes. As more sustainable and cost-effective production technologies become commercially feasible, the industry faces mounting pressure to shift away from cyanide-dependent routes.
Regional Trends:
The Asia-Pacific market is expected to dominate global demand for specialty methacrylates, with Japan, China, India, and South Korea emerging as key consumption hubs. Growth in this region is supported by the rapid expansion of automotive manufacturing and strong momentum across the electronics, construction, and infrastructure sectors. In North America, market progression is driven by a mature automotive and electronics industry, along with heightened investment in construction activities.
The United States and Canada serve as the principal markets in the region. Meanwhile, Europe is witnessing steady growth fueled by heightened emphasis on sustainability, advancements in production technologies, and well-established industrial infrastructure. Major European markets include Germany, France, and the United Kingdom.
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Recent Developments:
• In Aug 2023, Evonik signed a contract to scale up and make special catalyst for Rohm's new methyl methacrylate (MMA) production plant in Texas, USA, which is set to open in 2024. Evonik makes Rohm's custom catalyst for the new LiMA method on a larger scale.
• In Aug 2021, Sumitomo Chemical Co. decided to build a prototype plant for the chemical recycling of acrylic resin like PMMA, poly-methyl-methacrylate at its Ehime Works in Niihama City, Japan. Parallel to this initiative, the Company worked to develop a recycling system for PMMA, including the collection of used acrylic resin, its recycling, and its reprocessing into products, with the goal of achieving rapid commercialization of chemically recycled PMMA.
Segmentation of Specialty Methacrylate Market-
By Derivative-
• Methyl Methacrylate
• Butyl Methacrylate
• Ethyl Methacrylate
• Others
By Application-
• Acrylic Sheets
• Molding
• Paints & Coatings
• Additives
• Others
By End-Use-
• Automotive,
• Architecture & Construction
• Electronics
• Advertisement & Communication
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/specialty-methacrylate-market/2020
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: https://www.insightaceanalytic.com/
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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