Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.2 Billion | USD 12.8 Billion | 4.6% | 2024 |
FrequentlyAsked Questions
Methacrylic acid methyl ester, often known as methyl methacrylate, is an organic molecule that has the chemical formula C5H8O2. It is a white liquid with a strong, fruity aroma. It has a methacrylate group that can be polymerized and an ester group that can react with other substances.
The Methyl Methacrylate (MMA) market is driven by several variables, including growing demand for PMMA & acrylics, expansion in construction & infrastructure, lightweighting in automotive & transportation, growth in electronics & optical applications, and technological advancements in MMA production, among others.
The volatility in raw materials poses a significant challenge to the Methyl Methacrylate (MMA) industry's growth.
Based on the application, the chemical intermediate segment is expected to dominate the Methyl Methacrylate (MMA) market growth during the projected period.
The increasing product innovation and rising construction industry, along with urbanization, pose a major impact factor for the Methyl Methacrylate (MMA) industry's growth over the projected period.
According to the report, the global Methyl Methacrylate (MMA) market size was worth around USD 8.2 billion in 2024 and is predicted to grow to around USD 12.8 billion by 2034.
The global Methyl Methacrylate (MMA) market is expected to grow at a CAGR of 4.6% during the forecast period.
The global Methyl Methacrylate (MMA) industry growth is expected to be driven by the North American region. It is currently the world’s highest-revenue-generating market, driven by the presence of major players and increasing demand for environmentally friendly materials.
The global Methyl Methacrylate (MMA) market is dominated by players like Kuraray Co., Ltd., Arkema SA, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, Huntsman Corporation, Asahi Kasei Corporation, Evonik Industries AG, Mitsubishi Chemical Corporation, Lotte Chemical Corporation, BASF SE, Saudi Methacrylates Company (SAMAC), Röhm GmbH, Shandong Hongxu, LG Chem, Chi Mei Corporation, Kolon Industries, Unigel, Formosa Plastics Corporation, Jilin Petrochemical and PTT Asahi Chemical, among others.
The methyl methacrylate market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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