Among the main factors propelling the market for MMA adhesives is the rising demand from the automotive and transportation sectors. The major application is in the automotive and transportation industries due to the growing demand for bonding technology that can combine incompatible materials with changeable assembly times as a result of the increased usage of sophisticated materials in component manufacturing. By far the most valuable substrate, metal is predicted to continue to rule the market in the coming years. Due to its application in automobile interior and exterior components like windows, windscreens, panels, trim, bumpers, and fenders, methyl methacrylate is in high demand as vehicle manufacturing rises. This is due to MMA's qualities, including its high level of surface hardness, resistance to abrasion, and resistance to UV rays.
Global Methyl Methacrylate (MMA) Market was valued at US$ 7,510.7 Million in 2021 in terms of revenue, exhibiting a CAGR of 4.9% during the forecast period (2022 to 2030).
Top Companies in the Methyl Methacrylate (MMA) Industry:
1. BASF SE
Founded in 1856 is a chemical manufacturing company that include the sectors materials, industrial solution, surface technology, Nutrition and agricultural solutions. Operational in more than 90 countries. Headquarters in Ludwigshafen, DE.
2. Evonik Industries AG
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries. The company was founded in 1873 and is headquartered in Essen, Germany. In December, 2022 Evonik launched a non-animal-derived squalene suitable for vaccines and other pharmaceutical applications.
3. Akzo Nobel N.V.
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. Akzo Nobel N.V. was founded in 1646 and is headquartered in Amsterdam, the Netherlands.
4.The Dow Chemical Company
Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan. In January, 2023 Dow and partner Jaguar TCS Racing are gearing up for an exciting weekend at the upcoming Mexico City E-Prix to kick-off Season 9 of the ABB FIA Formula E World Championship.
5. Sumitomo Chemical Company Limited
Since 1913, Essential Chemicals & Plastics Sector, Energy & Functional Materials Sector, IT-related Chemicals Sector, Health & Crop Sciences Sector, Pharmaceuticals Sector, Others. The company has headquarters situated in Tokyo, Japan. In March, 2022 Sumitomo Chemical has developed Sumicle®, a high-rigidity polyethylene (PE) for plastic packages and containers. Applying Sumicle® to the base layer of plastic packages and containers makes possible single material packages and containers made of PE, contributing to the realization of horizontal recycling recycling of used plastics back to resin that can be used in similar applications.
6. Chi Mei Corporation
Founded in 1960, CHIMEI performance materials company that designs and manufactures advanced polymer materials, synthetic rubbers, and specialty chemicals.
7. Huntsman Corporation,
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas.
8. Kolon Industries
Kolon Industries, Inc. engages in industrial materials, chemicals, films/electronic materials, and fashion businesses. Kolon Industries, Inc. was founded in 1957 and is headquartered in Seoul, South Korea. In September, 2022 Kolon Industries top chemical materials and textile maker in South Korea, announced it has completed the expansion of its tire cord production plant in Binh Duong Province, Vietnam, and is speeding up to boost its global competitiveness.
*Definition- Methacrylic acid, often called as methyl ester or methyl methacrylate (MMA), is a monomer. Among its many uses are vinyl impact modifiers, illuminated light displays, adhesives, safety goggles, exterior paints, and others.
