Global Methyl Methacrylate (MMA) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Production Type;

Chemical Synthesis, and Recycling & Reclaiming.

By Application;

Chemical intermediates, Surface Coating & Adhesives, and Emulsion polymers.

By Feedstock;

Acetone, Ethylene, Methanol, Isobutylene, and Others (Includes PMMA Scrap).

By End-User;

Construction, Automotive, Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn289289628 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Methyl Methacrylate (MMA) Market (USD Million), 2021 - 2031

In the year 2024, the Global Methyl Methacrylate (MMA) Market was valued at USD 11,097.20 million. The size of this market is expected to increase to USD 15,719.28 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global methyl methacrylate (MMA) market has been witnessing significant growth due to its extensive use in various industries, including automotive, construction, electronics, and healthcare. MMA is primarily used as a raw material for producing polymethyl methacrylate (PMMA), a lightweight, durable, and optically clear thermoplastic often found in applications such as windows, signage, and lenses. Additionally, MMA is used in adhesives, coatings, and paints, further contributing to its widespread demand. The market is also driven by the rising demand for eco-friendly and energy-efficient products, with MMA being a key ingredient in solar panels, automotive parts, and medical devices.

Asia-Pacific dominates the MMA market, particularly driven by the growing industrialization in countries like China, India, and Japan. The region has seen rapid growth in construction, automotive, and electronics sectors, which use MMA in manufacturing and applications. North America and Europe also contribute significantly to the market, with a strong focus on the automotive and healthcare industries. The increasing focus on sustainability and technological advancements in the production of MMA and PMMA has further bolstered market growth, encouraging the development of new MMA production techniques that are more energy-efficient and cost-effective.

Despite the growth opportunities, the MMA market faces challenges such as fluctuations in raw material prices, environmental concerns, and stringent regulations around chemical production. The increasing awareness about the environmental impact of plastics and the push toward recycling poses both opportunities and challenges for the market. Manufacturers are investing in developing bio-based MMA products and sustainable production methods to mitigate these challenges. The global MMA market is expected to continue growing with the increasing demand for high-performance materials, particularly in high-growth industries like automotive, renewable energy, and healthcare.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Production Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Feedstock
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Global Methyl Methacrylate (MMA) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand in Automotive and Construction Industries
        2. Increasing Applications in Medical Devices and Healthcare
        3. Rising Use in Paints and Coatings
        4. Technological Advancements in Production Methods

      2. Restraints
        1. Volatility in Raw Material Prices
        2. Environmental and Health Concerns
        3. Regulatory Challenges and Compliance
      3. Opportunities
        1. Expanding Use in Emerging Markets
        2. Development of Bio-based MMA
        3. Growing Demand for Sustainable and Eco-friendly Products
        4. Innovations in MMA Polymer Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Methyl Methacrylate (MMA) Market, By Production Type, 2021 - 2031 (USD Million)
      1. Chemical Synthesis
      2. Recycling and Reclaiming
    2. Global Methyl Methacrylate (MMA) Market, By Application, 2021 - 2031 (USD Million)
      1. Chemical Intermediates
      2. Surface Coating & Adhesives
      3. Emulsion polymers
    3. Global Methyl Methacrylate (MMA) Market, By Feedstock, 2021 - 2031 (USD Million)
      1. Acetone
      2. Ethylene
      3. Methanol
      4. Isobutylene
      5. Others (Includes PMMA Scrap)
    4. Global Methyl Methacrylate (MMA) Market, By End-User, 2021 - 2031 (USD Million)
      1. Construction
      2. Automotive
      3. Electronics
      4. Others
    5. Global Methyl Methacrylate (MMA) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mitsubishi Chemical Corporation
      2. Sumitomo Chemicals Co
      3. Evonik Industries AG
  7. Analyst Views
  8. Future Outlook of the Market