The methyl methacrylate market is estimated to be valued at USD 18.21 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Methyl methacrylate (MMA) is an organic compound that is widely used in the production of acrylic resins, coatings, and various acrylic products. As an important monomer in polymer chemistry, MMA is one of the key raw materials used to the manufacture polymethyl methacrylate (PMMA), which finds diverse applications ranging from automotive and construction to medical devices and consumer goods. The global methyl methacrylate market has witnessed steady growth over the past few years owing to the rising demand for PMMA from different end-use industries. Other major factors spurring the market include rapid urbanization, growth in the building & construction sector, and increasing disposable income in developing nations.

 Market Dynamics:

The global methyl methacrylate market is primarily driven by the rising usage of PMMA in various applications such as automotive, construction, electronics, signs & displays, and medical sectors. PMMA exhibits several properties including optical clarity, dimensional stability, high gloss, and light weight which make it a preferred substitute for glass. However, volatility in raw material prices owing to supply chain disruptions is a major factor hindering the market growth. Moreover, rising environmental concerns due to toxic emissions from MMA production poses challenges. On the positive side, technological advancements in the production of MMA via more eco-friendly processes present significant opportunities for market players going forward.

 Key Features of the Study:

• This report provides in-depth analysis of the global methyl methacrylate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global methyl methacrylate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Huntsman Corporation, Kolon Industries, Karl Jungbecker GmbH & Co. KG, Dhalop Chemicals, Saudi Methacrylate Company, Vizag Chemicals, Ottokemi, and TrinSeo.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global methyl methacrylate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methyl methacrylate market.

Detailed Segmentation-

• By Application:
  • Polymethyl Methacrylate (MMA)
  • Surface Coating
  • Others
• By End-use Industry:
  • Building & Construction
  • Automotive
  • Electronics
  • Aerospace
  • Paints & Coatings
  • Medical
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • BASF SE
  • Evonik Industries AG
  • Arkema Group
  • The Dow Chemical Company
  • Akzo Nobel N.V.
  • Sumitomo Chemical Company Limited
  • Chi Mei Corporation
  • Huntsman Corporation
  • Kolon Industries
  • Karl Jungbecker GmbH & Co. KG
  • Dhalop Chemicals
  • Saudi Methacrylate Company
  • Vizag Chemicals
  • Ottokemi
  • TrinSeo