Dublin, April 06, 2023 (GLOBE NEWSWIRE) -- The "Methyl Methacrylate (MMA): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Methyl Methacrylate (MMA) estimated at US$28.2 Billion in the year 2022, is projected to reach a revised size of US$47.3 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.
Building & Construction, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$23.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Automotive segment is readjusted to a revised 6.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 6.2% CAGR
The Methyl Methacrylate (MMA) market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Select Competitors (Total 37 Featured) -
- Akzo Nobel NV
- Arkema Group
- Asahi Kasei Chemicals Corp.
- BASF SE
- Evonik Industries AG
- Formosa Plastics Corp.
- Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
- Kaohsiung Monomer Company Ltd.
- Kuraray Co., Ltd.
- LG MMA Corp.
- Lotte Chemical Corporation
- Lucite International Ltd.
- Mitsubishi Chemical Corporation
- Mitsubishi Gas Chemical Co., Inc.
- Mitsui Chemicals, Inc
- Shandong Hongxu Chemical Co., Ltd.
- Sumitomo Chemical Co. Ltd.
- Thai MMA Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $28.2 Billion |
| Forecasted Market Value (USD) by 2030 | $47.3 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Methyl Methacrylate - Clear, Colorless, Sharp and Organic Raw Material
- Methyl Methacrylate - A Growing Market Driven by Downstream Applications
- Recent Market Activity
- Sizing the Market
- Fast Facts
- MMA Supply Tightens, Prices Shoot Up
- New Capacity Additions On the Anvil Offer Hope
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Methyl Methacrylate (MMA) - Global Key Competitors Percentage Market Share in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Acrylic Plastics & Resins - The Largest and the Fastest Growing Application of MMA
- Increased Adoption in End-Use Sectors Fosters Growth in PMMA Market
- Broadening Applications of PMMA as a Highly Efficient Molding Compound Fuels Growth
- Bio-Based PMMA Emerge as Eco-Friendly Alternative
- Bio-based PMMA based Acrylic Resin: Potential to Develop Sustainable Solutions for Medical Sector
- PMMA-based Resins Market Going Green
- PMMA to Grab Bigger Share of Automotive Plastics Market
- Signs of Gradual Increase in PMMA Demand and Prices
- Manufacturers Relocate Production to Low-Cost Regions
- Asian Demand and New Applications Bolster PMMA Demand
- Growth Prospects Closely Tied to Global Economic Situation
- Stable Economic Scenario to Augment Market Prospects
- Projected Rise in Vehicle Production to Sustain Demand
- Recovering Construction Industry Benefits Demand for MMA and PMMA
- Building Renovations & Remodeling: A Key Revenue Contributor
- Growing Importance of PMMA Based Signage and Displays Drive MMA Demand
- Applications of MMA in Artificial Nail Products Industry
- Nano-HA Coated Bone Collagen Holds Potential to Improve Mechanical Properties of PMMA Bone Cement
- Advanced Polymeric Materials Present Natural and Effective Options for Building Construction
- Phase Separation Enables Nanotextured Morphology of PMMA UV Curable PUA Blends
- Bio-based Materials Emerge as Better Substitute
- WJ's MMA Technology-based WeatherGrip - A Recent Advancement
- Advancement in Industrial Synthesis of MMA during WAO
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/75pea1
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