The Global Market for Methyl Methacrylate is Projected to Exceed 4.8 Million Metric Tons by 2020

Strong Demand for Polymethyl Methacrylate in Electronics Production Spurs Growth of Methyl Methacrylate, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Methyl Methacrylate market. The global market for Methyl Methacrylate is projected to exceed 4.8 million metric tons by 2020, driven by the robust demand for Polymethyl Methacrylate in the production of electronics such as mobile phone screens, LCD screens and monitors, and TV and video equipment, among others.

With over 70% of Methyl Methacrylate (MMA) used in the production of Polymethyl Methacrylate (PMMA), the growing demand for PMMA against the backdrop of strong electronics production is benefiting growth in the MMA market. The growth in the market is also benefiting from emerging new applications of MMA, and its derivatives in a wide range of industries. Construction and automotive industries represent other major end-users of MMA in addition to electronics. Recovery in global GDP is poised to benefit consumption of MMA and its derivatives in architecture and construction, guided by the improving investments in residential and commercial construction projects. Stable automobile production trends worldwide are also expected to help boost global consumption of MMA. Emerging uses of MMA in digital signboards and displays in the advertising industry and in optical applications such as LCD, LED screens, and flat panel displays in the electronics industry are stimulating growth in the market. Growing healthcare spending is spurring demand for PMMA in the production of medical devices.

Polymethyl Methacrylate (PMMA) is expected to emerge as a substitute for existing medical polymers, against the backdrop of growing concerns over the health hazards caused by the use of PVC and polypropylene in addition to low biocompatibility issues. The presence of phthalate plasticizers in PVC is generating significant interest in PMMA in the healthcare industry. The growing use of plastics as a result of the increased focus on manufacturing light vehicles is helping spur demand for MMA/PMMA in automobile production. Stringent vehicle emission norms worldwide will additionally lend traction to growth in this sector. The automotive industry is one of the largest end user of MMA especially in molding and extrusion compounds. The use of MMA/PMMA in automotive plastics in addition to weight reduction also helps minimize vehicle vibration, cabin insulation, noise control, and enhance aesthetics. Specialty products such as optical-grade plexiglass, compact disk plexiglass and radiation shielding plexiglass are expected to offer lucrative growth potential. SeamFree™ PMMA liquid membrane roofing system is a major advancement in the market, used in a wide range of applications including plaza decks, garden roofs, small roofs and irregular shaped roofs. The SeamFree™ PMMA liquid membrane system is widely used in roofing crews owing to several benefits such as substrate compatibility, ease of use, speed and versatility.

As stated by the new market research report on Methyl Methacrylate, Asia-Pacific represents the largest market worldwide, supported by strong production and consumption patterns in China and robust export opportunity for MMA in the international market. The Middle East & Africa and Latin America rank as the fastest growing regions over the analysis period, led by vibrant automotive, industrial and electronics sectors. The Andean and Southern Cone countries are emerging as global hotspots in the field of engineering plastics, with technological developments fostering growth through the creation of newer uses of MMA.

Major players covered in the report include Akzo Nobel NV, Arkema Group, Altuglas International S.A., Asahi Kasei Chemicals Corp., BASF SE, Chi Mei Corp., The Dow Chemical Company, Evonik Industries AG , Formosa Plastics Corp., Heilongjiang Longxin Chemical Co., Ltd., Kaohsiung Monomer Company Ltd., Kuraray Co., Ltd., LG MMA Corp., Lotte Chemical Corp., Mitsubishi Gas Chemical Co., Inc., Mitsubishi Rayon Co., Ltd., Lucite International Ltd., Mitsui Chemicals, Inc., OrgSteklo, Shandong Hongxu Chemical Co., Ltd., Shanhai Jing-Qi Polymer Science Co., Sumitomo Chemical Co. Ltd., Thai MMA Co., Ltd., Unigel, Zhejiang Dongue Chemical Co., Ltd., and Zibo Xinglu Chemical Industry Co., Ltd., among others.

The research report titled “Methyl Methacrylate: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and other strategic industry activities of global companies. The report provides market estimates and projections in Metric Tons for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, South Korea, Taiwan, and Rest of Asia-Pacific), Middle East & Africa, and Latin America. The report provides estimates and projections in volume terms for major applications such as Acrylic Plastics & Resins (Cast & Extruded Sheets, and Molding Powders & Resins), Surface Coatings, Impact Modifiers, Emulsion Polymers, Mineral-Based Sheets, Higher Methacrylates, Polyester Modifiers, and Others. The report also analyzes the global market by end-use industries such as Automotive, Electronics, Construction, Advertising, and Others.

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