#Methyl Methacrylate(MMA) Market Size

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Methanol Market: Driving Sustainability Across Energy and Manufacturing Sectors

The global Methanol Market, often referred to as wood alcohol, is a vital component of the global industrial ecosystem. This versatile chemical feedstock finds its application across numerous industries, including petrochemicals, energy, automotive, pharmaceuticals, and construction. As the world moves toward sustainable energy solutions, the methanol market is gaining significant momentum, supported by its dual role in conventional and renewable applications. This comprehensive exploration examines the trends, challenges, and potential growth of the methanol market, with projections spanning 2024 to 2030.

Methanol Market Overview: Future Prospects Unveiled

The global methanol market has exhibited remarkable growth in recent years, reflecting its broad utility across industries. In 2023, the market size was valued at $31.20 billion and is expected to grow to $32.60 billion by 2024. Projections indicate a steady rise, with the market anticipated to reach $42.74 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.60%.

Methanol’s extensive applications in the chemical industry, renewable energy sector, and agriculture, among others, underscore its growing significance. Its adaptability to meet both traditional and innovative needs solidifies its role as a crucial resource in industrial and environmental advancements.

Key Drivers of Methanol Market Growth

Methanol’s growing importance is propelled by several factors, each contributing to its expanding demand and prominence in diverse sectors.

Chemical Industry Demand

Methanol serves as a critical feedstock in the production of essential chemicals such as formaldehyde, acetic acid, and methyl methacrylate (MMA). These derivatives are indispensable in manufacturing automotive components, pharmaceuticals, and construction materials. Emerging economies, with their expanding industrial bases, are significantly boosting the demand for these methanol-based chemicals.

Renewable Energy and Green Fuel Innovations

The global shift toward sustainable energy has positioned methanol as a promising alternative to conventional fuels. Green methanol, derived from renewable sources like biomass, CO2, and municipal waste, is gaining traction for its low carbon footprint. Its adoption in transportation and marine shipping sectors exemplifies its potential to replace fossil fuels with cleaner energy solutions.

Automotive Industry Applications

The automotive sector is exploring methanol as a low-emission alternative to traditional fuels like gasoline and diesel. Methanol is finding applications in fuel cells and hybrid systems, aligning with global initiatives to embrace eco-friendly technologies. Both governments and manufacturers are driving efforts to incorporate methanol into vehicle designs, further accelerating its adoption.

Agriculture Sector Utilization

Methanol plays a pivotal role in the agriculture industry as a key ingredient in the synthesis of fertilizers, herbicides, and pesticides. With global food demand rising due to population growth and shifting consumption patterns, the agricultural sector’s reliance on methanol is set to increase significantly.

Petrochemical Industry Integration

Methanol remains a cornerstone of the petrochemical sector, serving as a raw material for plastics, resins, and solvents. These products are essential for manufacturing industrial goods and consumer items, ensuring methanol’s continued relevance in this rapidly industrializing world.

Segmentation of the Methanol Market

Methanol’s diverse applications have led to its classification into various segments based on production methods and end-use industries.

Production Methods

One of the most efficient techniques for methanol production is the Lurgi Low Pressure method, which converts natural gas into methanol. This process is characterized by reduced production costs and high efficiency, ensuring its sustained importance given the global abundance of natural gas reserves.

Energy Applications

Methanol’s role in energy generation is expanding as it emerges as a cleaner alternative to coal and oil. Its use in renewable energy solutions, including fuel cells, highlights its potential to contribute to the global energy transition.

Green Fuels

The development of renewable methanol from sustainable sources is gaining momentum. This eco-friendly variant addresses carbon emission challenges and aligns with international goals for greener energy solutions.

Construction Industry

Methanol-based derivatives are critical in producing adhesives, paints, and coatings used in construction. The rapid pace of urbanization and infrastructure development, particularly in emerging economies, is driving the demand for these methanol-derived materials.

Automotive and Marine Sectors

In the automotive industry, methanol is gaining attention as both a fuel additive and a direct fuel for internal combustion engines. Similarly, in the marine sector, methanol is being adopted as a low-emission fuel, complying with stricter environmental regulations for maritime transport.

Pharmaceutical Applications

Methanol is integral to synthesizing important pharmaceutical compounds, including antibiotics and pain relievers. Its role in drug manufacturing highlights its versatility and critical contribution beyond industrial uses.

Major Players Driving the Methanol Market

The methanol market is highly competitive, with prominent companies shaping its trajectory through innovation and strategic investments. Leading players such as Methanax, SABIC, CNPC, Petronas, and LyondellBasell are actively investing in research and development to improve production efficiency and explore new applications for methanol. Their focus on renewable methanol and green technologies underscores their commitment to sustainability and market leadership.

Regional Dynamics of the Methanol Market

The methanol market’s growth varies across regions, influenced by factors such as industrial activity, regulatory policies, and resource availability.

North America: The United States leads methanol production and consumption in North America, driven by advancements in renewable methanol applications.

Europe: Stringent environmental regulations in Europe are fostering the adoption of methanol as a green energy source. Germany and the Netherlands are prominent contributors to this trend.

Asia-Pacific: With China at the forefront, the Asia-Pacific region dominates methanol consumption, propelled by rapid industrialization and a focus on renewable energy.

Latin America: Brazil and Mexico are experiencing increased methanol usage in petrochemical and energy applications, alongside growing investments in renewable technologies.

Middle East and Africa: Rich natural gas reserves make the Middle East a key player in methanol production, while its use in energy and petrochemical industries continues to expand.

Challenges Facing the Methanol Industry

Despite its growth, the methanol market faces challenges that could impact its trajectory:

Raw Material Price Volatility: Methanol production depends heavily on natural gas, and fluctuations in its prices can affect market stability.

Environmental Concerns: Conventional methanol production relies on fossil fuels, raising sustainability concerns. While greener methods are emerging, they require substantial investment and time for widespread adoption.

Regulatory Pressure: Stricter global environmental regulations are reshaping market dynamics, increasing operational costs but driving innovation in sustainable practices.

Conclusion: Methanol’s Bright Future

Methanol’s versatility and adaptability make it a cornerstone of industrial and environmental progress. With a projected market size of $42.74 billion by 2030, its critical role in diverse applications, from green energy to agriculture, underscores its growing importance.

As industry leaders continue to innovate and invest in sustainable solutions, methanol is poised to play a transformative role in addressing global energy and environmental challenges. From powering vehicles and ships to supporting construction and pharmaceuticals, methanol stands at the forefront of a rapidly changing world, driving both industrial growth and sustainability.

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Global Top 13 Companies Accounted for 82% of total Poly Methyl Methacrylate (PMMA) market (QYResearch, 2021)

Polymethyl Methacrylate (PMMA) is a thermoplastic polymer of Methyl Methacrylate (MMA). It is a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy efficiency and weather resistance.

According to the new market research report “Global Poly Methyl Methacrylate (PMMA) Market Report 2023-2029”, published by QYResearch, the global Poly Methyl Methacrylate (PMMA) market size is projected to reach USD 6.08 billion by 2029, at a CAGR of 7.4% during the forecast period.

Figure.   Global Poly Methyl Methacrylate (PMMA) Market Size (US$ Million), 2018-2029

Figure.   Global Poly Methyl Methacrylate (PMMA) Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

The global key manufacturers of Poly Methyl Methacrylate (PMMA) include Röhm, Trinseo, Mitsubishi Chemical, Sumitomo Chemical, LX MMA, Lotte MCC, Chi Mei, Double Elephant Optical Material, Wanhua Chemical, Kuraray, etc. In 2021, the global top 10 players had a share approximately 82.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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Methyl Methacrylate Market Size and Share Analysis: Unraveling Key Statistics

Methyl methacrylate (MMA) is an important organic compound that is widely used for producing polymethyl methacrylate (PMMA), also known as acrylic glass. PMMA is a clear plastic with high strength and transparency properties. It is used across various end-use industries such as automotive, construction, electronics, medical devices and signs & displays. The rising demand for lightweight materials along with higher strength and design freedom associated with PMMA has led to increased adoption in the automotive industry worldwide. The global Methyl Methacrylate Market is estimated to be valued at US$ 7,510.7 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

The growing construction industry across emerging economies is anticipated to present lucrative growth opportunities for methyl methacrylate market over the forecast period. Rapid urbanization and rising disposable income are encouraging infrastructure development activities in countries such as India, China and Indonesia. PMMA finds wide usage in construction applications owing to its transparency, durability and resistance to weathering. Increasing construction of commercial buildings, shopping malls and multi-dwelling units will augment the demand for PMMA sheets and panels, thereby driving the consumption of MMA monomer over the coming years. Porter’s Analysis

Threat of new entrants: New entrants face high capital requirement to build manufacturing facility for methyl methacrylate. Established players have economies of scale and brand loyalty advantage. Bargaining power of buyers: Buyers have moderate bargaining power as methyl methacrylate has applications in various end-use industries. Buyers can switch to substitute products if price is not competitive. Bargaining power of suppliers: Key raw materials for methyl methacrylate include acetone, methacrylic acid and propylene. Suppliers have low to moderate bargaining power due to availability of substitute raw materials. Threat of new substitutes: Substitutes include other methacrylate esters and plastics like polycarbonate. New substitute threat is moderate as methyl methacrylate is widely used due to its versatile properties. Competitive rivalry: The market is fragmented with top players accounting for around 40% share. Players compete based on pricing, product differentiation and expansion to new applications. SWOT Analysis

Strength: Wide applications in paints & coatings, automotive and construction industries. Cost-effective synthetic routes for production. Weakness: Vulnerable to fluctuations in raw material prices. Strict environmental regulations for emissions. Opportunity: Rising infrastructure and automotive sectors in Asia Pacific and Middle East countries boost demand. New applications development in surface coatings and dentistry. Threats: Growth of bio-based and recycled plastics reduces dependency on petrochemical-based MMA. Economic slowdowns affect end-use industries. Key Takeaways

The global methyl methacrylate market is expected to witness high growth over the forecast period driven by expanding end-use industries in Asia Pacific. Methyl methacrylate demand is projected to grow at a CAGR of 4.9% during 2023-2030 to reach a market size of US$ 7,510.7 Mn by 2024. Asia Pacific accounts for the largest and fastest growing methyl methacrylate market owing to strong growth in the construction and automotive sectors in China, India and other Southeast Asian countries. China dominates MMA consumption in the region supported by low-cost manufacturing and availability of raw material. Key players operating in the methyl methacrylate market are BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Huntsman Corporation, Kolon Industries, Karl Jungbecker GmbH & Co. KG. Major players focus on capacity additions, strategic partnerships and new product development catering to niche application segments.

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Cast Acrylic Sheet Market: Global Demand Analysis & Opportunity Outlook 2035

Research Nester’s recent market research analysis on “Cast Acrylic Sheet Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global cast acrylic sheet market in terms of market segmentation by type, application, and by region.

Growing Deployment of Solar Panels to Promote Global Market Share of Cast Acrylic Sheet

The global cast acrylic sheet market is estimated to grow majorly on account of the rising installation of solar panels and the growing need for lightweight component materials for automobiles. Acrylic sheets are utilized in car windscreens and windows as lightweight alternatives to glass. Their great optical clarity provides for good visibility while driving and also enhances aerodynamics, lowering air resistance and increasing fuel efficiency. Moreover, the solar panel's protective cover is made of cast acrylic sheets. Their transparency is critical for capturing sunlight and producing the most energy. The world could have installed more than 350 GW of PV systems by the end of 2023.

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Besides this, the growing demand for LED and LCD-based smart television is also expected to drive market growth. Acrylic sheets are extremely light and thin, making them ideal for the small and compact designs of current LCD and LED screens. Moreover, they also act as a protective layer for the touchscreens.

Some of the major growth factors and challenges that are associated with the growth of the global cast acrylic sheet market are:

Growth Drivers:

Surge in Solar Panel Installation

Rising Demand for Touchscreen Devices

Challenges:

The prices of raw materials are unsteady and there is no standardization for the manufacturing of acrylic sheets, these are some of the major factors anticipated to hamper the global market size of cast acrylic sheets. Acrylic sheets are manufactured using raw materials derived from petrochemicals, such as methyl methacrylate (MMA). Due to the factors like supply and demand dynamics, geopolitical events, and fluctuations in oil prices, the cost of the raw material is subjected to volatility. Price instability in raw materials can impact the overall cost of acrylic sheets, making it challenging for manufacturers to maintain consistent pricing and margins. On the other hand, there is tough competition from other materials, such as glass, polycarbonate, and specialized films. When picking material, manufacturers and customers frequently consider issues such as cost, durability, optical qualities, and environmental consideration. The presence of rival materials may limit the cast acrylic sheet market's growth potential.

On the basis of type, the global cast acrylic sheet market is segmented into cell and continuous. The cell segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Cell-cast acrylic sheets are easily formed and molded into a wide range of shapes, including complex geometrics and elaborate decorations. This features them to be used in a variety of industries including automotive, aerospace, retail, and medical and is also responsible for the segment���s growth. Furthermore, the market is further fragmented by application into different segments, including signage & display, architecture & interior design, sanitary wave, medical, transportation, and food & catering. Out of all, the signage and display segment will dominate the market owing to the growing popularity of outdoor advertisement. Besides this, the application of cast acrylic sheets in architecture and interior design is also increasing.

By region, the Asia Pacific cast acrylic sheet market is to generate the highest revenue by the end of 2035. The growth of the segment is primarily due to growing urbanization and higher development of infrastructures. Furthermore, the market in Europe is also expected to show significant growth during the forecast period. Europe has a robust construction and architecture sector, with ongoing infrastructure development, commercial building projects, and residential construction, the market in the region is expected to grow. Furthermore, the region is home to several leading automotive manufacturers, and the region’s focus on sustainable mobility and lightweight vehicle design that drives the demand for cast acrylic sheets.

This report also provides the existing competitive scenario of some of the key players of the global cast acrylic sheet market which includes company profiling of Arkema, BASF SE, Evonik Industries AG, 3A Composites GmbH, Mitsubishi Chemical Corporation, PT Astari Niagara Internasional, PyraSied Xtreme Acrylic, Spartech LLC, and Trinseo

Access our detailed report at: https://www.researchnester.com/reports/cast-acrylic-sheet-market/5086

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Cast Acrylic Sheet Market Outlook 2023-2035

Research Nester assesses the growth and market size of the global cast acrylic sheet market which is anticipated to be on account of the rising need for solar panels and the growing use of cast acrylic sheets for various purposes in the medical sector.

Research Nester’s recent market research analysis on “Cast Acrylic Sheet Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global cast acrylic sheet market in terms of market segmentation by type, application, and by region.

Growing Deployment of Solar Panels to Promote Global Market Share of Cast Acrylic Sheet

The global cast acrylic sheet market is estimated to grow majorly on account of the rising installation of solar panels and the growing need for lightweight component materials for automobiles. Acrylic sheets are utilized in car windscreens and windows as lightweight alternatives to glass. Their great optical clarity provides for good visibility while driving and also enhances aerodynamics, lowering air resistance and increasing fuel efficiency. Moreover, the solar panel's protective cover is made of cast acrylic sheets. Their transparency is critical for capturing sunlight and producing the most energy. The world could have installed more than 350 GW of PV systems by the end of 2023.

Besides this, the growing demand for LED and LCD-based smart television is also expected to drive market growth. Acrylic sheets are extremely light and thin, making them ideal for the small and compact designs of current LCD and LED screens. Moreover, they also act as a protective layer for the touchscreens.

Some of the major growth factors and challenges that are associated with the growth of the global cast acrylic sheet market are:

Growth Drivers:

Surge in Solar Panel Installation

Rising Demand for Touchscreen Devices

Challenges:

The prices of raw materials are unsteady and there is no standardization for the manufacturing of acrylic sheets, these are some of the major factors anticipated to hamper the global market size of cast acrylic sheets. Acrylic sheets are manufactured using raw materials derived from petrochemicals, such as methyl methacrylate (MMA). Due to the factors like supply and demand dynamics, geopolitical events, and fluctuations in oil prices, the cost of the raw material is subjected to volatility. Price instability in raw materials can impact the overall cost of acrylic sheets, making it challenging for manufacturers to maintain consistent pricing and margins. On the other hand, there is tough competition from other materials, such as glass, polycarbonate, and specialized films. When picking material, manufacturers and customers frequently consider issues such as cost, durability, optical qualities, and environmental consideration. The presence of rival materials may limit the cast acrylic sheet market's growth potential.

Request Report Sample@ https://www.researchnester.com/sample-request-5086

On the basis of type, the global cast acrylic sheet market is segmented into cell and continuous. The cell segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Cell-cast acrylic sheets are easily formed and molded into a wide range of shapes, including complex geometrics and elaborate decorations. This features them to be used in a variety of industries including automotive, aerospace, retail, and medical and is also responsible for the segment’s growth. Furthermore, the market is further fragmented by application into different segments, including signage & display, architecture & interior design, sanitary wave, medical, transportation, and food & catering. Out of all, the signage and display segment will dominate the market owing to the growing popularity of outdoor advertisement. Besides this, the application of cast acrylic sheets in architecture and interior design is also increasing.

By region, the Asia Pacific cast acrylic sheet market is to generate the highest revenue by the end of 2035. The growth of the segment is primarily due to growing urbanization and higher development of infrastructures. Furthermore, the market in Europe is also expected to show significant growth during the forecast period. Europe has a robust construction and architecture sector, with ongoing infrastructure development, commercial building projects, and residential construction, the market in the region is expected to grow. Furthermore, the region is home to several leading automotive manufacturers, and the region’s focus on sustainable mobility and lightweight vehicle design that drives the demand for cast acrylic sheets.

This report also provides the existing competitive scenario of some of the key players of the global cast acrylic sheet market which includes company profiling of Arkema, BASF SE, Evonik Industries AG, 3A Composites GmbH, Mitsubishi Chemical Corporation, PT Astari Niagara Internasional, PyraSied Xtreme Acrylic, Spartech LLC, and Trinseo

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Rising Demand for Acetone in Solvents and Chemical Intermediates

The new assessment focuses on Acetone Market submitted by the The Brainy Insights organization and considers commercial and basic market designs with recorded and measured market data. Acetone is anticipated to grow at a stunning CAGR of 7.25%, thereby garnering a revenue of USD 7.01 billion in the 2022-2030 timeframe. This research aims to give global Acetone market strategic & knowledge insights to assist in making informed investment decisions, decision making, and recognizing potential growth possibilities. The study report gives complex dynamics about the various aspects of the Acetone market, which assists organizations operating in the market make strategic development decisions. Additionally, the driving factors that are positively impacting the demand for Acetone market and restricting factors that are hampering the growth of Acetone market are discussed in detail, coupled with their influences on the Acetone market. The research delivers insights on the COVID-19 outbreak considering the alteration in customer demand & behaviour, re-routing the supply chain, purchasing patterns, major interventions of governments, and the dynamics of current market forces. This record will comprise all the significant aspects of the Acetone market, such as pros & cons, competition, openings, technological developments, regional analysis, etc.

Get the inside scoop with Sample report @ https://www.thebrainyinsights.com/enquiry/sample-request/12498

Further, the report provides a visual description of how all the organizations stand relatively based on their global Acetone market hold, geographic presence, competencies, employee & financial strength, and years of operations. Additionally, the SWOT analysis describes strengths, weaknesses, opportunities/possibilities, and threats that assist in accumulating the entire document with high efficiency & dependence. The report is an in-depth analysis of a wealthy supply of main factors responsible for developing the global Acetone market. The top-down & bottom-up strategies have been used to validate and estimate the market size of Acetone industry to evaluate the extent of multiple other dependent submarkets in the overall market.

Moreover, the report customization is done per the requirements of the clients. The study provides an in-depth analysis of each parameter, allowing our users to identify the most likely and perhaps the best trend in the current landscape. The companies are analyzed for both external and internal factors. The internal factors consist of the R&D base, consumer base, labour force, supply chain, market share in specific regions, and availability of technologies. The external factors include laws concerning product approval, per capita income, economic fluctuations, the performance of the industry in specific regions, and various other socio-economic parameters. The global Acetone market record provides a comprehensive analysis of the growth among segments & provides precise calculations & forecasts for sales by application and type in terms of value & volume.

Check complete table of contents with list of table and figures @ https://www.thebrainyinsights.com/report/acetone-market-12498

Based on the following items' applicability: Methyl Methacrylate (MMA), Bisphenol A (BPA), Solvents, Others

The market segment by product type: Specialty Grade, Technical Grade

The geographical portions of the report are as follows: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy and Rest of Europe), Asia Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina, Colombia and Rest of South America), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of the Middle East and Africa)

The study's goal is to identify the following crucial global market participants: INEOS, Royal Dutch Shell plc, Cepsa, Mitsui Chemicals, Inc., Altivia, LCY GROUP, Formosa Chemicals & Fiber Corporation, Prasol Chemicals Pvt. Ltd., EMCO Limited, BASF SE, Reliance Industries Limited, KUMHO P&B CHEMICALS., INC.

The study report gives penetrations from market positioning & marketing channels to likely growth approaches, providing in-depth analysis for new players or existing contestants worldwide Acetone industry. The report compromises many graphs and flowcharts that distinctly explain the attractiveness of each segment globally and in various regions. The research document has comprehensively used the figures & numbers with the help of graphical & pictorial representation, which represents extra clarity on the global Acetone market.

Have Any Query? Ask Our Expert @ https://www.thebrainyinsights.com/enquiry/request-customization/12498

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

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The report "Methyl Methacrylate Adhesives Market by Substrate (Metal, Plastic, Composite), End Use Industry (Automotive & Transportation, Marine, Wind Energy, Building & Construction, General Assembly), and Region - Global Forecast to 2023" The MMA adhesives market is projected to grow from USD 1.09 billion in 2018 to USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight, crash-resistant, and fuel-efficient vehicles; growing demand in the automotive and marine industries; superior quality and performance of MMA adhesives; and increasing awareness about advantages of adhesives over conventional techniques are driving the MMA adhesives market. The growing awareness about reducing emissions, increasing recyclability, and minimizing wastage is expected to propel the growth of the market.

Composite is one of the most widely used substrates of MMA adhesives owing to the need for improving aesthetics along with maintaining design, cost, and speed of production for the marine and transportation industries. MMA adhesives are popular for niche applications of composite bonding, as they can bond large assemblies and materials having different surface energies along with SMC, which earlier had concerns owing to incompatibility with some mold releases. MMA adhesives are used to bond composite to composite structures and composite to metal substrates. For instance, components such as front and rear end caps, roofs, rear bumpers, floor panels, and luggage door frames of a truck fabricated from either SMC or FRP can be bonded using MMA adhesives.

APAC is the largest MMA adhesives market, which is mainly driven by the demand from the automotive & transportation, wind energy, and marine end-use industries. APAC is increasingly becoming an important global trade and commerce center. The region is currently the fastest-growing and the largest MMA adhesives market. With economic contraction and saturation in the European and North American markets, the demand is shifting to APAC. Vehicle production in APAC is expected to grow from 26.8 million units in 2013 to 43.1 million units by 2020. This growth is mainly due to the shift of base of the automotive manufacturers to the developing markets.

The key players in the market include Illinois Tool Works Inc. (US), Arkema (France), SCIGRIP (UK), Scott Bader (UK), Lord Corporation (US), Henkel (Germany), Permabond LLC (US), Parsons Adhesive Inc. (US), Huntsman Corporation (US), and 3M (US). 

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Global Top 9 Companies Accounted for 62% of total Heat Resistant Polymethyl Methacrylate market (QYResearch, 2021)

Polymethyl Methacrylate (PMMA) is a thermoplastic polymer of Methyl Methacrylate (MMA). It is a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy efficiency and weather resistance. Heat resistant grade is a special grade of PMMA for excellent resistance to high temperature and to surface scratching. Outstanding transparency and weatherability are equivalent to general PMMA. This material is applied to parts that require high thermal stability such as high intensity lamps. The disadvantages of general-purpose grade PMMA are insufficient surface hardness, poor heat resistance, and low impact strength. The heat-resistant grade PMMA can withstand temperatures in excess of 110 degrees Celsius.

According to the new market research report “Global Heat Resistant Polymethyl Methacrylate Market Report 2023-2029”, published by QYResearch, the global Heat Resistant Polymethyl Methacrylate market size is projected to reach USD 0.71 billion by 2029, at a CAGR of 9.8% during the forecast period.

Figure.   Global Heat Resistant Polymethyl Methacrylate Market Size (US$ Million), 2018-2029

Figure.   Global Heat Resistant Polymethyl Methacrylate Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

The global key manufacturers of Heat Resistant Polymethyl Methacrylate include Röhm, Trinseo, Mitsubishi Chemical, Chi Mei, LX MMA, etc. In 2021, the global top four players had a share approximately 62.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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Methyl Methacrylate Adhesives Market On Top Manufacturers Business Strategies To 2023- Exclusive Report by MarketsandMarkets™

Methyl Methacrylate Adhesives Market The market size of MMA adhesives is estimated at USD 1.09 billion in 2018 and is projected to reach USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight and low carbon-emitting vehicles, the superior performance of MMA adhesives, and increasing demand from the automotive and marine end-use industries are expected to drive the MMA…

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Methyl Methacrylate(MMA) Market 2021-2028 | Comprehensive Study Covid19 Impact Analysis  | GET FLAT 20% OFF ON THIS REPORT

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Methyl Methacrylate(MMA) Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast 2021-2028.

Market Insights 

The global Methyl Methacrylate(MMA) market report provides comprehensive product analysis which includes its expected performance, pricing factors, and potential developments during the forecast period 2021-2028. The report confers information about the market’s overall performance, challenges, threats, and opportunities that reflects the present and future market scenario.Along with this, it lays out details on the latest government regulations and norms that impact the growth of the market.A new informative report on the Methyl Methacrylate(MMA) Market was recently published by Ordient Market Research and added to its extensive database for creating better strategic business decisions. It uses various proven research methods like primary and secondary research methods to gather data from various sources. It includes an in-depth analysis of the worldwide segments and sub-segments of the market that contributes to understanding the present status of the Methyl Methacrylate(MMA) market.

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The Global Methyl Methacrylate(MMA) Market Report offers extensive knowledge and information about the Methyl Methacrylate(MMA) market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Methyl Methacrylate(MMA) market further validated and verified by the industry experts and professionals. The Global Methyl Methacrylate(MMA) Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Methyl Methacrylate(MMA) market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

 Market Analysis

The Methyl Methacrylate(MMA) market research report offers in-depth research and analysis of the key aspects of the Methyl Methacrylate(MMA) industry. The report offers holistic marketing research that permits companies to form decisions supported by changing market trends. It includes a market overview that gives a basic understanding of the market. This market is split into different segments, e.g., B. Type, applications, end-users, and sales channels. Additionally, the report includes a competitive analysis and a corporation profile of the key market players.

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Segmentation Outlook

The report gives an extensive analysis of various segments of the market by studying the product range, applications, major regions, and leading companies in the industry. Additionally, the report also dedicates an individual section to give a detailed analysis of the manufacturing process, which includes information collected through both primary and secondary sources of data collection. The primary source of data collection contains interviews of industry experts who offer accurate insights into the future market scenario.

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):

ACH Process

C4 Direct Oxidation

MAN Process

C4 DOE Process

New ACH Process

C2 BASF Process

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):

Acrylic sheet

Moulding/ extrusion compounds

Surface coating

Other

Regions covered in Methyl Methacrylate(MMA) market report are:

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Nordic

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia-Pacific

Latin America

Mexico

Brazil

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of Middle East & Africa

Years Considered to Estimate the Market Size:

History Year: 2015-2020

Base Year: 2020

Estimated Year: 2021

Forecast Year: 2021-2028

Detailed TOC of Methyl Methacrylate(MMA) Market Report 2021-2028:

Chapter 1: Methyl Methacrylate(MMA) Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: Market Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Methyl Methacrylate(MMA) Market Forecast

Continued……

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Global Methyl Methacrylate(MMA) Market Report provide in-depth information about the Leading Competitors involved in this report:

Mitsubishi Rayon

Evonik

Sumitomo Chemical

LG MMA

Asahi Kasei

Arkema

Kuraray

Mitsubishi Gas Chemical

BASF

Dow

Formosa Plastics

Jilin Petrochemical

Longxin Chemical

Shandong Hongxu

What market dynamics does this report cover?

The report shares key insights on:

Current market size

Market forecast

Market opportunities

Key drivers and restraints

Regulatory scenario

Industry trend

New product approvals/launch

Promotion and marketing initiatives

Pricing analysis

Competitive landscape

Study Objectives of Methyl Methacrylate(MMA)

1.The purpose of the market study is to include evidence, estimates, statistics, historical data, and market data verified by the industry, as well as the appropriate methodology and evaluation for a full market assessment.

2.The market research also helps to understand structure by evaluating the dynamics of the market segments.

3.Market segmentation is split based on content, form, end-user, and region; the global market size of Methyl Methacrylate(MMA) is expected.

4.The major points considered in the Global Methyl Methacrylate(MMA) Market report include the leading competitors operating in the global market.

5.The report also contains the company profiles of the players operating in the global market.

6.The manufacture, production, sales, future strategies, and the technological capabilities of the leading manufacturers are also included in the report.

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On the other hand, it is essential to recognize the previous and ongoing circumstances to form a great future. Data regarding the present and past market trends assists in forecasting upcoming trends in the market. At Ordient Market Research, we offer customized solutions as per given circumstances. Our company’s partnership with leading publishers has enabled us to access detailed and latest datasets in various business sectors. The association also includes a wide array of market analysis documents that can offer you crucial data about your business. All in all, you will get the latest, up-to-date reports at Ordient Market Research.

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