The Methyl Methacrylate (MMA) Market Is Estimated To Increase At A CAGR Of 4.5 Percent During The Forecast Period

Polymethyl methacrylate plastics are made from a single ingredient called methyl methacrylate. It's made up of methyl acrylic acid. They contain bond-forming characteristics, which boost the total strength of the structures in which they are used, making them extremely durable. Scratch-resistant methyl methacrylate monomers are in increased demand. C5H8O2 is the chemical formula for methyl methacrylate. It is divided into three categories based on the product: ACH Method, Isobutylene Method, and Ethylene Method. Polymethyl Methacrylate, Plastic Additive, Surface Coating, and Others are only a few of the uses for methyl methacrylate monomer.


The global Methyl Methacrylate (MMA) Market was valued at US$ 7,191.1 million in 2018 and is predicted to grow at a CAGR of 4.5 percent in terms of revenue from 2019 to 2027, reaching US$ 10,640.2 million. Methyl methacrylate is used in the construction, automotive, and electronics end-use sectors to make adhesives and sealants, floor polish finishes, paints and coatings, binders for concrete admixture, liquid waterproofing compounds, tail lights, digital signboards, instrument panels, and electronic displays. Due to increased demand for polymethyl methacrylate (PMMA) in end-use industries such as construction, automotive, electronics, and medical, the Methyl Methacrylate (MMA) Market is expected to rise significantly over the forecast period.


The resurgence of the European building and construction market is driving the use of MMA in the construction sector. Major factors driving the growth of the Methyl Methacrylate (MMA) Market and demand for MMA in the automotive sector include an increase in global demand for autos, greater vehicle design skills, and the growing relevance of lightweight and emission-control vehicles. TV and electronic screens, automotive plastics, dental and orthodontic items, signage, windows, household acrylic paints, coatings, and adhesives are just a few of the products made with MMA.


North America, Europe, Asia Pacific, and the Rest of the World make up the global Methyl Methacrylate (MMA) Market. Some of the drivers that are projected to drive market expansion include a revitalized automotive market, rising consumer disposable income, and increased construction and infrastructure spending in European Union member states. Demand for MMA is mostly driven by increased spending in the building and construction industry.


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,  are the major key players in the Methyl Methacrylate (MMA) Market.

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