Methyl Methacrylate, also known as MMA, is a colorless liquid used in the production of various industrial and consumer products. It is a key ingredient in the manufacturing of plastics, paints, and coatings, among others. The global Methyl Methacrylate market has been witnessing significant growth in recent years, driven by a range of factors such as increasing demand for plastics, growth in construction and automotive industries, and rising disposable incomes.
The Methyl Methacrylate Market can be segmented based on various factors such as application, end-use industry, and region. Based on application, the market can be segmented into casting sheets, extruded sheets, molding powders, and resins. The casting sheets segment is expected to dominate the market owing to its widespread use in the manufacturing of signage, displays, and lighting applications.
On the other hand, the resins segment is expected to witness significant growth due to its use in the production of adhesives, coatings, and sealants. Based on the end-use industry, the Methyl Methacrylate market can be segmented into automotive, construction, electronics, and others. The construction industry is expected to dominate the market owing to the growing demand for lightweight and durable materials in the construction of buildings, interiors, and exteriors. The automotive industry is also expected to witness significant growth due to the increasing demand for lightweight and fuel-efficient vehicles.
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The global methyl methacrylate market size is projected to reachUSD23.45millionby the end of 2027.
According to a report published by Fortune Business Insights, titled“Methyl Methacrylate (MMA) Market Size, Share and COVID-19 Impact Analysis, By Application (Chemical Intermediate, Surface Coatings, Emulsion Polymer), By End-Use (Building and Construction, Automotive, Electronics, Paints and Coatings, and Others), and Regional Forecast, 2020-2027,”the market was worthUSD12.57millionin 2019 and will exhibit a CAGR of 8% during the forecast period, 2020-2027.Covid-19 Pandemic has Halted Construction Activities, Subsequently Affecting Manufacturers in this SectorThe recent coronavirus outbreak has created a sense of urgency across the world.
The strict social distancing practices and lockdowns imposed by governments across the world have affected building and construction as well as manufacturing activities.
This product is mainly used in manufacturing of widely used thermoplastics such as ABS, PVC, and acrylics.
Subsequently, growing investments will encourage newer market entrants in the coming years.
Among all factors, the increasing number of company collaborations and mergers, aimed at development of efficient products, has made the highest impact on market growth.Due to the rising demand for methyl methacrylate across the world driven by increasing applications, several large scale companies are looking to adopt standout strategies that will help them acquire a wider consumer base, even in a highly competitive market.
The new Methyl Methacrylate Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Methyl Methacrylate Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/methyl-methacrylate-market/download-sampleMarket DynamicsRising demand for poly (methyl methacrylate) (PMMA) primarily drives the global methyl methacrylate market.
Poly (methyl methacrylate) (PMMA) consumes more than two-thirds of the world poly (methyl methacrylate) (PMMA) produced.
Rapid urbanization and industrialization influence demand for more significant tons of methyl methacrylate.
