The global methyl methacrylate market size is projected to reach USD 23.45 million by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Methyl Methacrylate (MMA) Market Size, Share & Industry Analysis, By Application (Chemical Intermediate, Surface Coatings, Emulsion Polymer), By End-Use (Building & Construction, Automotive, Electronics, Paints & Coatings, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 12.57 million in 2019 and will exhibit a CAGR of 8% during the forecast period, 2020-2027.
Browse Summary of This Research Insights with Detailed TOC:
https://www.fortunebusinessinsights.com/methyl-methacrylate-mma-market-103295
The global Methyl Methacrylate Market operating prominent manufacturers as Arkema, Sumitomo Chemical Company, Dhalop Chemicals, Kuraray Group, Saudi Methacrylates Company, The Dow Chemical Company, Asahi Kasei Corporation, Huntsman Corporation, Huntsman Corporation, Lucite International, Mitsubishi Chemical Corporation and more players profiled
North America Likely to Emerge Dominant; Rising use of PMMA in Construction Activities Will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of PMMA in construction and building activities, especially in the United States, will aid the growth of the regional market. The regional market is slightly consolidated in nature. The increasing investment in the research and development of passenger cars will lead to a wider product adoption. As of 2019, the market in North America was worth 2.11 billion and this value is projected to rise considerably in the coming years. The market in Asia Pacific has the potential to account for the largest share by 2027, due to the massive automotive industry in countries such as India and China. Moreover, government subsidies associated with the use of electric cars will also aid the growth of the market in this region.
List of companies profiled in the report:
- Arkema (France)
- Sumitomo Chemical Company (Japan)
- Dhalop Chemicals (India)
- Kuraray Group (Japan)
- Saudi Methacrylates Company (SAMAC) (Saudi Arabia)
- The Dow Chemical Company (U.S.)
- Asahi Kasei Corporation (Japan)
- Huntsman Corporation (U.S.)
- Lucite International (UK)
- Mitsubishi Chemical Corporation (Japan)
- Other Key Players
Industry Developments:
April 2018 – The Saudi Methacrylates Company (SAMAC) announced that it has initiated operation of PMMA and MMA plants in Saudi Arabia. The company claims that this commissioned plant is capable of producing 40,000 tons of PMMA and 250,000 tons of MMA per annum.
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