DUBLIN, Jan. 15, 2019 /PRNewswire/ --
The "The Global Methyl Methacrylate (MMA) Market" report has been added to ResearchAndMarkets.com's offering.
Global methyl methacrylate (MMA) market, as an overall, it is projected to reach approximately 3,761 thousand tons by the end of 2023, increasing at a CAGR of around 2% per year in the period 2017-2023.
The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Although MMA is predominantly used for the production of resins and plastics, the analysis considers the application of MMA across various industries. In particular, the largest share of MMA consumption is for the production of PMMA, which accounted for more than 50% of the total in volume terms.
Meanwhile, this application has also been growing with the highest rate of about 2.37% per year. Regionally, the largest global MMA market was North East Asia, which accounted for about 40% of the total in volume terms. In comparison, the Middle East was the smallest global MMA market during the analyzed period and is expected to remain such in the medium term.
In the recent years, methyl methacrylate has seen increase of its application areas. Even though the chemical is used as plastic additive and surface coating, MMA is mainly used as a raw material for PMMA, which is rising in demand in the automotive, construction, and electronics industries. In the automotive and construction industries, PMMA is widely used as a lightweight alternative to glass. The increasing demand for lightweight automotive components to improve fuel efficiency & reduce carbon emissions has been prompting demand for PMMA in the sector. Geographically, Asia represents one of the largest markets for MMA, as a result of its high demand in countries such as China, South Korea, India and Malaysia, homes to some of the major electronics and automotive companies of the world. As for Europe, the market is a net importer of MMA and is highly dependent on Asia for its imports and subsequently for its growth.
In addition, some of the main players on the MMA market are planning to open up additional production capacities in different regions. As a matter of fact, North East Asia is anticipated to witness the fastest-paced capacity increase in the medium term. As far as the balance between supply and demand is concerned, the market is forecast to observe rather mixed dynamics in the upcoming years.
The increasingly competitive landscape globally forces the chemical companies to focus on innovation and particularly on the development of Green Chemistry, which is becoming crucial for the overall future development of the companies. There are several fast dynamic research areas that can be identified such as nanotechnology, biotechnology, the development of biofuels as a supplement to oil supplies, as well as the expansion of water-based paints and the replacements for chlorofluorocarbons (CFCs). So in order to increase their profit, it is important for manufacturers within the chemical industry not only to cut their costs, but also to ensure that their processes and products conform with the pressing environmental issues.
Key Topics Covered:
1.1. Report description
1.2. Research methodology
2. Executive summary
3. Characteristics of methyl methacrylate
4. State of the global demographics and economy
4.1. Characteristics of the global demographics in 2013-2017
4.2. Characteristics of the global economy in 2013-2017
4.3. Forecast for the development of the global economy in the medium term
5. Overview and analysis of the global methyl methacrylate market
5.1. Volume and dynamics of the global methyl methacrylate market in 2013-2017 and forecast for 2018-2023
5.2. Structure of the global methyl methacrylate market by main regions in 2013-2017 and forecast for 2018-2023
6. Overview and analysis of the global production of methyl methacrylate
6.1. Volume, distribution and dynamics of the installed capacities for the global production of methyl methacrylate broken down by regions in 2013-2017 and forecast for their development in 2018-2023
6.2. Volume and dynamics of the average annual utilization rates used for the production of methyl methacrylate globally, broken down by regions, in 2013-2017 and forecast for their development in 2018-2023
6.3. Volume and dynamics of the global production of methyl methacrylate in 2013-2017 and forecast for 2018-2023
6.4. Structure of the global production of methyl methacrylate in 2013-2017 by main regions and forecast for 2018-2023
7. Characteristics and analysis of the global prices of methyl methacrylate
7.1. Value chain analysis
7.2. Structure of price formation
7.3. Characteristics of the global prices of methyl methacrylate in 2013-2017 and forecast for 2018-2023
7.4. Characteristics of the regional prices of methyl methacrylate in 2013-2017 and forecast for 2018-2023
8. Overview and analysis of the global imports of methyl methacrylate
8.1. Volume, value and dynamics of the global imports of methyl methacrylate in 2013-2017
8.2. Structure of the global imports of methyl methacrylate by main regions in 2013-2017
8.3. Average prices of the methyl methacrylate, imported globally in 2013-2017
9. Overview and analysis of the global exports of methyl methacrylate
9.1. Volume, value and dynamics of the global exports of methyl methacrylate in 2013-2017
9.2. Structure of the global exports of methyl methacrylate by main regions in 2013-2017
9.3. Average prices of the global exports of methyl methacrylate in 2013-2017
10. Balance between supply and demand on the global methyl methacrylate market
10.1. Balance between supply and demand on the global methyl methacrylate market in 2013-2017 and forecast for 2018-2023
10.2. Balance between supply and demand on the global methyl methacrylate market by main regions in 2013-2017 and forecast for 2018-2023
- Evonik Rohm
- Rabigh Refining And Pc
- Saudi Methacrylates Company
- Altuglas International
- Dow Chemical
- Evonik Cyro
- Lucite International
- Mitsubishi Rayon
- Dongming Huayi Yuhuang New Material
- Evonik Degussa
- Fushun 2 Chem
- Heilongjiang Longxin Chem
- Huizhou Mma
- Jiangsu Jiankun Chemical
- Jiangsu Sailboat Petrochemical
- Jihua Suzhou Anli Chemical
- Lucite International
- Petrochina Jilin Pc
- Shandong Haili Chemical
- Shandong Hongxu Chemical Company
- Shandong Yidali Chemical
- Sinochem Quanzhou Petrochemical
- Wanhua Chemical
- Xinjiang Zhongtai Chem.
- Zhejiang Petrochemical
- Asahi Kasei
- Kuraray Co.
- Mitsubishi Gas Chem.
- Mitsubishi Rayon
- Mitsui Chemicals
- Nihon Methacrylic Monom.
- Sumitomo Chemical
- Lg Mma
- Lotte Chemical
- Lotte Mcc Corporation
- Gujarat State Fertilizer
- Lucite International
- Singapore Methyl Methacr
- Ptt Asahi Chemical
- Thai Mma
For more information about this report visit https://www.researchandmarkets.com/research/lngkgx/global_methyl?w=5
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