Methyl Methacrylate (MMA) is a monomer and is also known as methacrylic acid or methyl ester. Major applications of methyl methacrylate include, vinyl impact modifiers, illuminated light displays, adhesives, safety gazing, exterior paints, and others. MMA finds applications in various end-use industries such as building & construction, electronics, automotive, aerospace, paints & coating, medical, and others. Increasing demand for MMA from end-use industries is expected to propel growth of the global methyl methacrylate market.

The global methyl methacrylate market was valued at US$ 7,191.1 million in 2018, and is expected to register a CAGR of 4.5% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 10,640.2 million by 2027.

Market Dynamics
Methyl methacrylate is used in building and construction activities as a binder for concrete admixtures, industrial flooring, liquid water proofing compounds, reactive road marking systems, and concrete repair compounds. Among regions, Asia Pacific held dominant position in the global methyl methacrylate market, in terms of revenue share, in 2018. This is owing to increasing production of automobiles and high use of MMA in making building & construction interior and exterior parts of vehicles.

Asia Pacific accounted for the largest market share in the global methyl methacrylate market in 2018, owing to increasing demand for electronics and automobiles supported by increasing population and disposable income of the populace in the region

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Major Keyplayers: 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.

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