Methyl Methacrylate (MMA) Market
Methyl Methacrylate (MMA) Market to reach US$ 10,640.2 million by over the forecast
period (2019 – 2027)
Methyl Methacrylate (MMA) is a monomer and is also known as methacrylic acid or methyl ester.
Major applications of methyl methacrylate include, vinyl impact modifiers, illuminated light
displays, adhesives, safety gazing, exterior paints, and others. MMA finds applications in various
end-use industries such as building & construction, electronics, automotive, aerospace, paints &
coating, medical, and others. Increasing demand for MMA from end-use industries is expected to
propel growth of the global methyl methacrylate market.
The global methyl methacrylate market was valued at US$ 7,191.1 million in 2018, and is expected
to register a CAGR of 4.5% in terms of revenue over the forecast period (2019 – 2027), to reach
US$ 10,640.2 million by 2027.
Market Dynamics
Methyl methacrylate is used in building and construction activities as a binder for concrete
admixtures, industrial flooring, liquid water proofing compounds, reactive road marking systems,
and concrete repair compounds. Among regions, Asia Pacific held dominant position in the global
methyl methacrylate market, in terms of revenue share, in 2018. This is owing to increasing
production of automobiles and high use of MMA in making building & construction interior and
exterior parts of vehicles.
Asia Pacific accounted for the largest market share in the global methyl methacrylate market in
2018, owing to increasing demand for electronics and automobiles supported by increasing
population and disposable income of the populace in the region
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Major Keyplayers: BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical
Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Asahi
Kasei Corporation, and DowDuPont. Inc.
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