Published by Coherent Market Insights
Posted on September 30, 2021
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.
Among applications, the polymethyl methacrylate (PMMA) segment accounted for the largest market share in 2018, in terms of revenue. PMMA is a transparent thermoplastic synthesized by polymerization of methyl methacrylate. It is also known as acrylic glass. PMMA is extensively used in the manufacturing of various automotive parts and components, door entry strips, automotive glazing, indicator light covers, and decorative trims. This is owing to key features of PMMA such as light weight, high scratch resistance, durability, gloss, rigidity, stability, and strength
Top Key Players in Methyl Methacrylate (MMA) market: 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.
Regional Analysis For Methyl Methacrylate (MMA) Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Methyl Methacrylate (MMA) market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Among end-use industry, the building & construction segment accounted for significant market revenue share in the global methyl methacrylate market in 2018. This is owing to significant growth in the building & construction sector. For instance, the residential construction sector was valued at US$ 515.9 billion in 2017, which was witnessed a 10.6 % increase over 2016 in the U.S. according to the data provided by the U.S. Census Bureau. Building & construction industry uses MMA for making products such as windows, domes, and port-holes. Therefore, increasing uses of MMA in the building & construction sector is expected to contribute to growth of the methyl methacrylate market over the forecast period.
However, adverse effects of MMA on human health are expected to hinder growth of the market. According to the European Chemicals Agency, methyl methacrylate is reported to cause irritation in skin, eyes, and mucous membranes in humans. Adverse respiratory effects are reported in humans following acute and chronic exposures to MMA. Respiratory symptoms were observed following acute exposures including tightening of chest, dyspnea, coughing, and wheezing amongst others. Neurological symptoms such as cluster headaches have also been reported in humans following acute exposure to MMA. This scenario is expected to hamper growth of the methyl methacrylate market over the forecast period.
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. According to the International Organization for Motor Vehicles Manufacturers (OICA), the motor vehicle production in Asia Pacific was around 47.78 million units in 2015, which increased to 52.45 million units in 2018.
Increasing vehicle production leads to high demand for methyl methacrylate as it is used in automotive interior and exterior parts such as windows, windshields, panels, trim, bumpers, and fenders. This is owing to properties of MMA such as good surface hardness, abrasion resistance, and UV resistance.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Methyl Methacrylate (MMA) market by manufacturers, regions, type and application, forecast to 2027 appeared first on Gatorledger.
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.
Among applications, the polymethyl methacrylate (PMMA) segment accounted for the largest market share in 2018, in terms of revenue. PMMA is a transparent thermoplastic synthesized by polymerization of methyl methacrylate. It is also known as acrylic glass. PMMA is extensively used in the manufacturing of various automotive parts and components, door entry strips, automotive glazing, indicator light covers, and decorative trims. This is owing to key features of PMMA such as light weight, high scratch resistance, durability, gloss, rigidity, stability, and strength
Top Key Players in Methyl Methacrylate (MMA) market: 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.
Regional Analysis For Methyl Methacrylate (MMA) Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Methyl Methacrylate (MMA) market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Among end-use industry, the building & construction segment accounted for significant market revenue share in the global methyl methacrylate market in 2018. This is owing to significant growth in the building & construction sector. For instance, the residential construction sector was valued at US$ 515.9 billion in 2017, which was witnessed a 10.6 % increase over 2016 in the U.S. according to the data provided by the U.S. Census Bureau. Building & construction industry uses MMA for making products such as windows, domes, and port-holes. Therefore, increasing uses of MMA in the building & construction sector is expected to contribute to growth of the methyl methacrylate market over the forecast period.
However, adverse effects of MMA on human health are expected to hinder growth of the market. According to the European Chemicals Agency, methyl methacrylate is reported to cause irritation in skin, eyes, and mucous membranes in humans. Adverse respiratory effects are reported in humans following acute and chronic exposures to MMA. Respiratory symptoms were observed following acute exposures including tightening of chest, dyspnea, coughing, and wheezing amongst others. Neurological symptoms such as cluster headaches have also been reported in humans following acute exposure to MMA. This scenario is expected to hamper growth of the methyl methacrylate market over the forecast period.
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. According to the International Organization for Motor Vehicles Manufacturers (OICA), the motor vehicle production in Asia Pacific was around 47.78 million units in 2015, which increased to 52.45 million units in 2018.
Increasing vehicle production leads to high demand for methyl methacrylate as it is used in automotive interior and exterior parts such as windows, windshields, panels, trim, bumpers, and fenders. This is owing to properties of MMA such as good surface hardness, abrasion resistance, and UV resistance.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Methyl Methacrylate (MMA) market by manufacturers, regions, type and application, forecast to 2027 appeared first on Gatorledger.
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