Enjoy complimentary customisation on priority with our Enterprise License!
The methyl methacrylate (MMA) monomer market is projected to grow by USD 2.97 billion with a CAGR of 5.54% during the forecast period 2021 to 2026.
This methyl methacrylate (MMA) monomer market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the methyl methacrylate (MMA) monomer market segmentation by Method (ACH method and isobutylene method) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The methyl methacrylate monomer market report also offers information on several market vendors, including Arkema S.A., Asahi Kasei Corp., BASF SE, Chimei Corp., Chirag Enterprise, Heilongjiang Zhongmeng Longxin Chemical Co. Ltd., Kowa India Pvt. Ltd., KURARAY Co. Ltd., LG Corp., LOTTE MCC Corp., Mitsubishi Chemical Corp., Mitsubishi Gas Chemical Co. Inc., Mitsui Chemicals Inc., RAG Stiftung, Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., Dow Inc., Trinseo PLC, Vell Plast, and Zhejiang Dongue Chemical Co. Ltd. among others.
Download Report Sample to Unlock the Methyl Methacrylate (MMA) Monomer Market Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Methyl Methacrylate (MMA) Monomer Market Driver
Increasing demand from developing countries is one of the key drivers supporting the methyl methacrylate monomer market's growth. Numerous vendors of MMA monomer are shifting their manufacturing activities to developing countries. The availability of raw materials, inexpensive labor, availability of land, low transportation costs, and fewer stringent government regulations are conducive to the growth of the global MMA monomer market. Moreover, the governments of countries in APAC are investing heavily in the housing industry due to urbanization and improved standards of living. Thus, the increase in residential construction in APAC is expected to positively impact the growth of the market during the forecast period.
Key Methyl Methacrylate (MMA) Monomer Market Trend
The shift in manufacturing facilities from West to East is one of the key methyl methacrylate monomer market trends contributing to the market growth. A global shift from the developed parts of the world, such as Europe and North America, toward the developing parts of the world. Most of the current manufacturing activities and revenue are driven by emerging markets, particularly those in APAC. This is due to the availability of inexpensive labor and local demand in APAC. Thus, the trend is expected to positively impact the growth of the market in focus and continue during the forecast period.
Key Methyl Methacrylate (MMA) Monomer Market Challenge
Volatility in raw material prices is one of the factors impeding the methyl methacrylate monomer market growth. Petrochemicals are the primary raw materials used in the production of MMA monomers. In view of this, their price depends significantly on the price of crude oil. With the increased volatility in the prices of crude oil in the international market as a result of the volatile political situation in Iraq, the second-largest producer of crude oil in the Organization of the Petroleum Exporting Countries (OPEC), manufacturers have a tough road ahead of them during the forecast period. Thus, volatility in raw material prices will be a major challenge for the growth of the market during the forecast period.
This methyl methacrylate (MMA) monomer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global MMA monomer market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the methyl methacrylate (MMA) monomer market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the MMA monomer market encompasses successful business strategies deployed by the key vendors. The MMA monomer market is fragmented, and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The methyl methacrylate (MMA) monomer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the MMA monomer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and the evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the methyl methacrylate (MMA) monomer market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing industrial sector will facilitate the methyl methacrylate (MMA) monomer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, owing to the initiation of COVID-19 vaccination drives in the first half of 2021, manufacturing activities increased in APAC. This is further expected to foster the growth of the market in APAC during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The methyl methacrylate (MMA) monomer market share growth by the ACH method segment will be significant during the forecast period. The ACH method produces a large volume of ammonium bisulfate, which is contaminated with organic materials as a byproduct. Although the ACH method has a few drawbacks, it is the most commonly used method for producing MMA monomers globally. This is expected to drive the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the MMA monomer market size and actionable market insights on the post-COVID-19 impact on each segment.
Methyl Methacrylate (MMA) Monomer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.54% |
Market growth 2022-2026 |
$2.97 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.3 |
Regional analysis |
APAC, North America, Europe, the Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, Canada, China, India, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Arkema S.A., Asahi Kasei Corp., BASF SE, Chimei Corp., Chirag Enterprise, Heilongjiang Zhongmeng Longxin Chemical Co. Ltd., Kowa India Pvt. Ltd., KURARAY Co. Ltd., LG Corp., LOTTE MCC Corp., Mitsubishi Chemical Corp., Mitsubishi Gas Chemical Co. Inc., Mitsui Chemicals Inc., RAG Stiftung, Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., Dow Inc., Trinseo PLC, Vell Plast, and Zhejiang dongue Chemical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Method
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.