Methyl Methacrylate (MMA)

Global Methyl Methacrylate (MMA) Market to Reach US$52.5 Billion by 2030

The global market for Methyl Methacrylate (MMA) estimated at US$36.1 Billion in the year 2024, is expected to reach US$52.5 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2024-2030. Building & Construction, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$25.4 Billion by the end of the analysis period. Growth in the Automotive segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.8 Billion While China is Forecast to Grow at 6.0% CAGR

The Methyl Methacrylate (MMA) market in the U.S. is estimated at US$9.8 Billion in the year 2024. 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 6.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.9% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Methyl Methacrylate (MMA) Market - Key Trends & Drivers Summarized

What Makes Methyl Methacrylate (MMA) a Versatile Chemical in Industry?

Methyl methacrylate (MMA) is a crucial chemical used extensively in the production of polymethyl methacrylate (PMMA), a transparent and durable plastic. MMA`s properties make it essential for a variety of applications, including automotive components, signage, displays, and construction materials. PMMA, known for its clarity, weather resistance, and lightweight properties, is widely used in the manufacturing of acrylic sheets, medical devices, and optical products. The broad applicability of MMA underscores its importance in numerous industrial sectors, driving its consistent demand globally.

How Have Technological Innovations Enhanced MMA Production and Applications?

Technological advancements have significantly improved MMA production and broadened its applications. Innovations in production processes, such as the use of advanced catalysts and continuous production methods, have increased efficiency and reduced environmental impact. The development of bio-based MMA, derived from renewable resources, has opened new avenues for sustainable production. Additionally, advancements in polymer science have expanded the use of MMA in high-performance applications, such as coatings, adhesives, and composite materials. These technological strides have enhanced the versatility and sustainability of MMA, driving its demand in various sectors.

What Are the Emerging Trends in MMA Consumption?

Emerging trends in MMA consumption reflect its expanding applications and evolving industry demands. The automotive industry continues to drive significant demand for MMA, particularly in the production of lightweight and durable components. The construction sector is also witnessing increased use of MMA in the manufacturing of acrylic sheets and weather-resistant coatings. The medical industry is a growing consumer of MMA, using it in the production of dental and orthopedic devices due to its biocompatibility and clarity. Additionally, the demand for bio-based MMA is rising, driven by the growing emphasis on sustainability and environmental responsibility. These trends highlight the diverse applications of MMA and its importance in modern industries.

What Factors Are Driving the Growth in the MMA Market?

The growth in the MMA market is driven by several factors. Firstly, the rising demand for polymethyl methacrylate (PMMA) in automotive, construction, and medical applications is propelling the use of MMA. Secondly, the expanding use of MMA in high-performance coatings, adhesives, and composite materials is a significant growth driver. The construction industry`s increasing reliance on MMA for weather-resistant and durable materials also contributes to market growth. Additionally, the growing demand for bio-based MMA, driven by sustainability trends, is boosting consumption. The development of advanced production technologies further enhances the efficiency and sustainability of MMA production, fueling market growth. Lastly, ongoing research and development efforts aimed at discovering new applications and improving production processes continue to foster market expansion, underscoring the robust growth trajectory of the MMA market.

SCOPE OF STUDY:

The report analyzes the Methyl Methacrylate (MMA) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Building & Construction, Automotive, Electronics, Paints & Coatings, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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