Methyl Methacrylate (MMA) Market By Type (Isobutylene method, Acetone Cyanohydrin Method (ACH), Ethylene Method, and Others), By Application (Automotive, Constructions, Healthcare, Electronics, and Others), By Region - Trends, Analysis and Forecast till 2030

Methyl Methacrylate Market size accounted for USD 13.6 Billion in 2020 and is estimated to be USD 29.62 Billion by 2030 and is anticipated to register a CAGR of 8.2%.

Kuraray has manufactured Methyl Methacrylate (MMA) since 1959, and developed its Methyl Methacrylate business from upstream to downstream. Methyl Methacrylate (MMA) is an organic compound. Methyl Methacrylate contains methyl ester of methacrylic acid. Methyl Methacrylate is a colorless liquid. Methyl Methacrylate is slightly soluble in water, floats on water and its vapors are heavier than air. It is a reactive resin. Methyl Methacrylate is used in molding materials, films sheets, paints, paper coatings and as a plastic modifiers. Methyl Methacrylate is in polymerized form and used in sealants, adhesives and protective coating. Methyl Methacrylate also has variety of applications in illuminated light displays, exterior paints, safety glazing, vinyl impact modifiers, and many more.

Methyl Methacrylate is produced by two step oxidation reaction by esterification of methacrylic acid. Methyl Methacrylate is used by dental technicians to generate the polymer methyl methacrylate acid which is then used in making dental prostheses, denatures and as a cement or filler. The price of Methyl Methacrylate in Asian market is around USD 2200/ton – USD 2400/ton.

Rise in automotive industries and rate of urbanization

Rise in demand for low-carbon emitting automotives, lightweight and increasing demand for construction, electronics and marine industries are boosts to the target market. Environmental awareness in people has given rise to use low carbon emitting vehicles. Increase in demand for automotives for transportation has given rise in demand for Methyl Methacrylate in market as it is used in paintings, coatings of parts of vehicles.  Rise in construction of houses, electronics demand has given rise in target market growth. Moreover, increasing urban population is one of the driving factors for the growth in automotive industries as a major part of transportation. Urban culture affects the person’s living lifestyle. For instance, in August 2022, about 30% Car dispatches up in India. Industry determines the passenger vehicles which has increased 29-31% to 335,000-340,000 units in August. The fastest growth was registered in this year. However, the demand for vehicles has increased growth in automotive industries which leads to rise in Methyl Methacrylate Market.

Use in Healthcare

Methyl Methacrylate is used in healthcare, such as in production of surgical implants, dental fillers and bone cements. Poly Methyl Methacrylate (PMMA) has wide variety of applications in healthcare like it is used for cranial reconstruction in neurosurgery, in fixation of knee & hip implants in orthopedics methyl methacrylate used as a bone cement. Poly Methyl Methacrylate (PMMA) are used in making artificial teeth which are fabricated at an industrial scale by using molding techniques. Manufactures involved in Methyl Methacrylate market are developing advanced versions of their products due to new age technological advancements that can carry out operations without human intervention, making tasks simpler and convenient for users of bagless vacuum cleaners. For instance, in2020, Polymethyl Methacrylate has wide variety of applications in Prosthodontic and used as a fabrication of artificial teeth, dentures, obturators, denture bases, provisional crowns, dental prostheses and orthodontic retainers. The properties of Poly Methyl Methacrylate like its low density, cost-effectiveness, aesthetics, and its physical properties has made it a popular biomaterial for dental applications.

Restrains:

However, toxicity of Methyl Methacrylate (MMA) exposure in environment leads to asthmatic reactions, neurological symptoms, dermatological reactions, irritations, and damage to cardiovascular system has somewhat restrain the target market growth.

The Methyl Methacrylate (MMA) Market is segmented based on type, application, and region.

On the basis of type, the Methyl Methacrylate (MMA) Market is segmented into Isobutylene method, Acetone Cyanohydrin Method (ACH), Ethylene Method, and others.  On the basis of application, the target market is classified into Automotive, Constructions, Healthcare, Electronics, and others.

Regional Insights:

On region the Methyl Methacrylate (MMA) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The East Asia market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor is anticipated to increase demand for Methyl Methacrylate (MMA) in the region.

Methyl Methacrylate (MMA) Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Methyl Methacrylate (MMA) Market report based on test, application, and region:

Methyl Methacrylate (MMA) Market, By Type:

• Isobutylene method
• Acetone Cyanohydrin Method (ACH)
• Ethylene Method
• Others

Methyl Methacrylate (MMA) Market, By Application:

• Automotive
• Constructions
• Healthcare
• Electronics
• Others

Methyl Methacrylate (MMA) Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Methyl Methacrylate (MMA) Market includes, BASF SE, Permabond, Parson Adhesive, 3M, Henkel, Cyberbond, Huntsman Corporation, The Dow Chemical Company, Kolon Industries, Akzo Nobel N.V., Evonik Industries AG, Sumitomo Chemical Company Limited, Saudi Methacrylate Company (SAMAC), Lucite International, Kuraray Group, Mitsubishi Chemical Corporation, Asahi Kasei Corporation and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in March 2022, Parson Adhesives has developed the new Partite Methyl Methacrylate Adhesives (MMA) which will help to provide single source solutions for the increasing demand of structural adhesives in industries.

• Parson Adhesive
• 3M
• Henkel
• Permabond
• Illinois Tool Works
• Cyberbond
• Huntsman Corporation
• The Dow Chemical Company
• BASF SE
• Kolon Industries
• Akzo Nobel N.V.
• Evonik Industries AG
• Sumitomo Chemical Company Limited
• Saudi Methacrylate Company (SAMAC)
• Lucite International
• Kuraray Group
• Mitsubishi Chemical Corporation
• Asahi Kasei Corporation