The new Methyl Methacrylate Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country. Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methyl methacrylate market include DowDuPont Inc., BASF SE, Mitsubishi Chemical Holding Corporation, Arkema, Evonik industries AG, S.K. Panchal and Co., LG Chem, Monómeros del Vallés S.L., NIPPON SHOKUBAI CO., LTD., Sumitomo Corporation, Shanghai Huayi Group Corp. Ltd., Heilongjiang Zhongmeng Longxin Chemical Co., Ltd. and Kowa India Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Rising demand for poly (methyl methacrylate) (PMMA) primarily drives the global methyl methacrylate market. Poly (methyl methacrylate) (PMMA) consumes more than two-thirds of the world poly (methyl methacrylate) (PMMA) produced. Rapid urbanization and industrialization influence demand for more significant tons of methyl methacrylate. Expanding demand for MAA made paint & coatings, adhesives, sealants, additives, synthetic marble, and bonding cement stimulates market growth. Methyl methacrylate-derived industrial products are in great demand due to their excellent stability and durability, hardness and impact, and scratch resistance and brilliance. Moreover, MAA-derived coating polymers and construction chemicals deliver high performance, fuelling the market growth. However, environmental issues and health hazards concerned with methacrylic acid (MAA) obstruct market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of methyl methacrylate. The growth and trends of Methyl Methacrylate Industry provide a holistic approach to this study.
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Market Segmentation
This section of the methyl methacrylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Production Type
- Chemical Synthesis
- Recycling and Reclaiming
By Application
- Pmma
- Adhesives And Sealants
- Industrial Paints And Coatings
- Inks
- Others
By Feedstock
- Acetone
- Ethylene
- Methanol
- Isobutylene
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Methyl Methacrylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global methyl methacrylate market size is projected to reachUSD23.45millionby the end of 2027.
According to a report published by Fortune Business Insights, titled“Methyl Methacrylate (MMA) Market Size, Share and COVID-19 Impact Analysis, By Application (Chemical Intermediate, Surface Coatings, Emulsion Polymer), By End-Use (Building and Construction, Automotive, Electronics, Paints and Coatings, and Others), and Regional Forecast, 2020-2027,”the market was worthUSD12.57millionin 2019 and will exhibit a CAGR of 8% during the forecast period, 2020-2027.Covid-19 Pandemic has Halted Construction Activities, Subsequently Affecting Manufacturers in this SectorThe recent coronavirus outbreak has created a sense of urgency across the world.
The strict social distancing practices and lockdowns imposed by governments across the world have affected building and construction as well as manufacturing activities.
This product is mainly used in manufacturing of widely used thermoplastics such as ABS, PVC, and acrylics.
Subsequently, growing investments will encourage newer market entrants in the coming years.
Among all factors, the increasing number of company collaborations and mergers, aimed at development of efficient products, has made the highest impact on market growth.Due to the rising demand for methyl methacrylate across the world driven by increasing applications, several large scale companies are looking to adopt standout strategies that will help them acquire a wider consumer base, even in a highly competitive market.
