Methyl Methacrylate (MMA) Market, Demand, Production Capacity, Volume and Value Range and Industry Outlook Report Till 2032

MMA Market Overview:

Methyl Methacrylate (MMA) can be manufactured by various methods, the principle one being the cyanohydrin route. Manufacturing process of Methyl Methacrylate involves petrochemical as a feedstock, thus any fluctuations in the crude oil prices impact the MMA market. MMA is a monomer usually used as a raw material for the production of several polymers. 

the total global MMA demand

Majority of MMA produced is polymerized into two categories namely homopolymers and copolymers. Around 55% of MMA is used as raw material in the production of Polymethylmethacrylate (PMMA). Other applications include Surface Coatings, Polymer Modifiers accounts for the remaining 45% of the total global MMA demand. PMMA is the most commonly used polyacrylate and its increasing use in end-use industries is accelerating the MMA market. Other major driving factor for MMA demand is rise in demand for lightweight automobiles with improved emission control.

MMA Demand

The global MMA demand is forecast to grow at a CAGR of 3.6% in the long-term forecast till 2030. China and the United States are the major consumers of MMA. Emerging chemical and plastic manufacturing industries in the growing economies of Asia-Pacific region is likely to push the MMA market upwards during the forecast period. China"s share is likely to account for around 23% of the global MMA consumption.

MMA Capacity Analysis:

The global installed capacity of MMA in 2016 was 4281 Kiloton which grew to 5111 Kiloton in 2021. China is one of the major players in MMA production and accounts for around 1402 Kiloton of MMA capacity. Major manufacturers include CNPC group, Advent International, Lucite, Mitsubishi accounting for 68% of the total capacity. Arkema S.A., Asahi Kasei Corp., BASF SE, Chimei Corp., Chirag Enterprise, Kowa India Pvt. Ltd., KURARAY Co. Ltd., LG Chem, LOTTE MCC Corp., Mitsubishi Chemical Corp., Mitsubishi Gas Chemical Co. Inc., Mitsui Chemicals Inc., RAG Stiftung, Saudi Basic Industries Corp., are some of the key manufacturers of MMA.

There has been a steep decline in crude oil price from Oct 2018 ($75/barrel) to Dec 2018 (Around $45/barrel) and has led to a decline in the MMA production cost. This will facilitate the MMA manufacturers to provide the monomer at cheaper rates and further impact on the PMMA price.

Increasing demand for PMMA in the automotive industry

More than 50% of MMA is used to manufacture PMMA which is widely used in the automotive industry. It is extensively used in the automotive industry to manufacture a variety of parts and component such as, light covers, decorative trims, door entry strips, ambient lighting, automotive glazing etc. PPMA is favoured in the automotive industry because it is light weight, high tension strength, excellent impact, peel strength, high flexibility, and temperature resistance.

Asia-Pacific is estimated to be the largest market for PMMA accounting for almost 60% of total PMMA demand. The growth in demand can be attributed to rising demand for high quality plastics in automotive and electronics segments. Moreover, the growing infrastructural development is increasing the demand of PMMA in Asia-Pacific. The economy in Asia-Pacific has been thriving on account of the advancements witnessed in the automobiles, electrical & electronics, Industrial and consumer & home appliances. Growing purchasing power in the developing economies is seen as a key driver of demand for plastics like PMMA.

Companies Covered in MMA Report

The following companies are covered in the MMA (Methyl Methacrylate) report:

These companies are key players in the MMA market, contributing significantly to its growth and development.

Scope of Report 

The Methyl Methacrylate (MMA) report describes the global Methyl Methacrylate (MMA) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application and End Use Industry
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Methyl Methacrylate (MMA) Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Automotive
      •  Electronics
      •  Construction
      •  Pharmaceuticals
      •  Advertising
      •  Others
5.  Plants & Projects Analysis
      •  Methyl Methacrylate Production Capacity, by Company
      •  Methyl Methacrylate Production Capacity, by Country and by region
      •  Capacity Overview
6.  Introduction to Methyl Methacrylate and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
          -   ACH Route
          -  Isobutylene Gas phase oxidation
          -  Ethylene-based route
          -  ASAHI “DIRECT METHA” ROUTE
          -  HCN Recycle Route
          -  Lucite’s Alpha MMA process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges

8.  Global Methyl Methacrylate Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)

      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Methyl Methacrylate Market, By Applications
          - Polymethyl methacrylate (PMMA)
                  - PMMA sheets
                  - PMMA molding & extrusion products
          -  Surface coatings (acrylic)
                  -  Acrylic latexes
                  -  Others
          -  Polymer Modifiers
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Methyl Methacrylate Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Indonesia
         -  Vietnam
         -  Thailand
         -  Malaysia
         -  Singapore
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  Egypt
         -  South Africa
         -  Rest of MEA
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)

10.  Pricing Analysis

      •  Average Methyl Methacrylate prices, by Country 
      •  Average Methyl Methacrylate prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions

14.  Company Analysis and Market Share Analysis

         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             -  Roehm (Prev. Evonik)
             -  Mitsubishi Rayon Company, Ltd. (Prev. Lucite)
             -  Dow Chemical (Prev Rohm & Haas)
             -  Unigel
             -  BASF AG
             -  Asahi Chemical Industry Co., Ltd.
             -  Mitsui Chemicals
             -  Kuraray
             -  Sumitomo Chemical Co., Ltd.
             -  Lotte Chemicals
             -  LG Chem.
             -  CNPC Jilin Chemical Industry Group
             -  Advent International (Previously owned by Evonik)
             -  Formosa Plastics Corporation
             -  Kaohsiung Monomer
             -  PTT Asahi Chemical
             -  Petro Rabigh
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Methyl Methacrylate (MMA) report describes the global Methyl Methacrylate (MMA) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application and End Use Industry
•  Capacity 
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Methyl Methacrylate (MMA) Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment