The Global Methyl Methacrylate (MMA) Market Size was valued at USD 7,423 Million in 2021 and is predicted to be worth USD 11,114 Million by 2030, with a CAGR of 4.8% from 2022 to 2030.

Methyl methacrylate is an organic compound with the chemical formula CH2=C(CH3) COOCH3. These organic compounds are colorless liquids, used in the manufacturing of resins and plastics. They are irritating to the skin, eyes, and mucous membrane in humans. Methyl methacrylate is used for number of purposes such as used in the impregnation of the concrete to make it water-repellent. It also has the uses in different fields of medicine and dentistry to make prosthetic devices and as a ceramic filler or cement.

Global Methyl Methacrylate Market DRO’s

Market Drivers

• Increased demand for lightweight and low-carbon-emitting Automotives
• High demand from the automotive, construction, and marine industries
• Excellent quality of MMA adhesives
• Excessive demand for paints and coatings

Market Restraints

• Volatility in raw material prices
• The rising popularity of Epoxy and Pu adhesives

Market Opportunities

• Growing demand from new applications like wind energy, construction, automotive, and repairs
• Increasing prevalence of non-hazardous, green, as well as sustainable adhesives

Methyl Methacrylate Market Report Coverage:

Methyl methacrylate, also recognized as methacrylic acid as well as methyl ester, is a monomer. The rising demand for methyl methacrylate all over a wide range of end-user industries, including automotive, medical, construction, paints and coatings, electronics, aerospace, and others, may open up promising opportunities for growth during the forecast timeframe. Methyl methacrylate is being used in the production of paints and coatings, adhesives and sealants, floor polish finishes, liquid waterproofing compounds, concrete admixture binders, transportation assembly applications, digital signboards, tail lights, instrument panels, as well as electronic displays for use in the automotive, construction, and electronics end-use industries. Moreover, increasing demand for polymethyl methacrylate (PMMA) in end-use industries like electronics, construction, automotive, and medicine is expected to propel the methyl methacrylate market growth throughout the forecast period.

The increasing demand of methyl methacrylate in automotive sector is one of the major factors driving the growth of the market. The growing demand for the automobiles, better vehicle design capabilities, and rising importance of lightweight and emission control vehicles are key factors driving the market in automotive industry. Moreover, increasing importance of lightweight vehicles with less CO2 emissions and better fuel efficiency is expected to drive the market. In near future, increasing demand for the better alternative for the development of the automotive and construction activities has fuelled the growth of the market.

Methyl Methacrylate Market Segmentation

The global methyl methacrylate market segmentation based on the application, end-user and geographical region.

Market by Application

• Chemical intermediates
• Surface coating & adhesives
• Emulsion polymers
• Others

In terms of application, the chemical intermediates segment is expected to dominate the market in 2021. Production companies use most of the methyl methacrylate (MMA) produced as a chemical raw material in the manufacturing of various polymers such as styrene methyl methacrylate (SMMA), polymethyl methacrylate (PMMA), and methacrylate acrylonitrile butadiene styrene (MABS). Over half of the MMA produced is used to make molding, cast acrylic sheets, as well as extrusion compounds.

Market by End-User

• Construction
• Automotive
• Electronics
• Others

According to the methyl methacrylate market forecast, the automotive segment will grow at the fastest rate in the market over the next few years. This is because MMA is becoming more widely used as an advanced technology for bonding composite materials to metals and metals to metallic components. MMA has the advantage of attaching materials with varying strengths and coe?cients of temperature increases. It equitably spreads the load across the whole bonding area. MMA requires little to no surface coating while providing superior toughness, excellent fatigue, endurance, as well as impact resistance.

Methyl Methacrylate Market Regional Outlook