The Europe methyl methacrylate (MMA) market
size is expected to reach USD 4.26 billion by 2028, according to a new
report by Grand View Research, Inc., registering a CAGR of 8.0% during
the forecast period. Methyl methacrylate is used as a precursor of
polymethyl methacrylate (PMMA), which is used in the manufacturing of
various automotive, industrial, and electronic components. Durability
and resistance to UV and extreme weather conditions make MMA an ideal
material for various applications in these industries.
MMA, the key raw material used for the production of PMMA,
is an unsaturated ester widely utilized to produce polymers for a wide
range of industrial and consumer applications, including surface
coatings, injection molding and extrusion, and various transparent
impact-resistant plastic sheets.
Growing importance of lightweight vehicles with reduced CO2
emissions and improved fuel efficiency is expected to drive the
consumption of PMMA in the automobile sector. Automotive and building
and construction sectors have started using lightweight components made
from PMMA as replacements for their metal counterparts.
MMA is also used as a modifier for polyvinyl chloride (PVC),
which is also used in the manufacturing of automotive components such
as armrests, door panels, and window sealing. Increasing use of PMMA and
PVC, which uses MMA as a raw material, in various end-use industries is
propelling market growth.
In Europe, recovery of end-use industries such as
construction and automotive has resulted in demand for PMMA. However,
the shutdown of production operations due to unforeseen circumstances
has resulted in supply shortage, although its demand from PMMA producers
continues to grow. This supply shortage has provided opportunities for
Middle East and Asia Pacific producers to cater to demand for MMA in
Europe.
To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/europe-methyl-methacrylate-mma-market
Further key findings from the report suggest:
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In Europe, a large portion of MMA is utilized as a chemical
intermediate for captive consumption by producers. Owing to this, its
application as a chemical intermediate was estimated as the largest
segment in 2017
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Demand is driven by robust growth in manufacturing of lightweight
vehicles, construction of energy-efficient buildings, and production of
LCD and LED panels. In terms of volume, construction was estimated to be
the largest end-use segment in 2017, accounting for a market share of
39.17%
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Exposure to MMA causes health issues such as respiratory irritation
and dermal sensitivity and is often associated with occupational asthma.
In addition, various petrochemicals used as feedstock in synthesis,
such as ethylene, isobutylene, and acetone, are highly flammable and
pose a severe threat to human safety. However, PMMA is regarded as a low
hazard ingredient and is considered safe for use.
Grand View Research has segmented the Europe methyl methacrylate (MMA) market on the basis of application, end use, and region:
Europe Methyl Methacrylate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2028)
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Chemical Intermediate
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Surface Coating & Adhesives
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Emulsion Polymers
Europe Methyl Methacrylate End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2028)
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Construction
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Automotive
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Electronics
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Others
Europe Methyl Methacrylate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2028)
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Turkey
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European Union
