Methyl Methacrylate: A Global Strategic Business Report
San Jose, California (PRWEB) October 30, 2008
Consumption of MMA is directly correlated to GDP trends as automotive and construction industries, the largest end-users, reflect the general economic activity of a nation. Automotive industry is a major market for MMA in molding and extrusion compounds. Consumption of acrylic sheets in construction and housing sectors for applications such as light fixtures, glazing and signs drive demand. Persistently rising LCD market is also a major growth driver in the worldwide MMA market. Consumption is also fueled by demand from optical disks and medical application sector. The overall market for MMA and its derivatives made strong progress in developing economies such as China and Eastern Europe. China pumped in million of dollars to upgrade its infrastructure to successfully host the 2008 Beijing Olympics and the 2010 Shanghai Expo. In order to cash in on the strong demand trend, manufacturers are increasingly relocating production to lower cost regions such as Asia and Eastern Europe. The US and Asia-Pacific dominate the world methyl methacrylate market, accounting for over 52% share, as stated by the recent report published by Global Industry Analysts, Inc.
The US market for methyl methacrylate is likely to grow at a compounded annual rate of 2.6% over the period 2001-2010. Germany, France and the United Kingdom collar over 51% of the total methyl methacrylate market in Europe. Acrylic plastics and resins represent the fastest growing end use segment of the global methyl methacrylate market. Consumption of methyl methacrylate in acrylic plastics and resins in Asia-Pacific is projected to register a CAGR of 8.4% for the period 2001-2010.
Leading global and regional players operating in the market include Arkema Group, Asahi Kasei Chemicals, BASF, Evonik Degussa GmbH, Cyro Industries, Formosa Plastics, Heilongjiang Longxin Chemical Co Ltd, Honam Petrochemicals, Kaohsiung Monomer Company, Kuraray Co, LG MMA, Lucite International, Lucite International Americas, Mitsubishi Gas Chemical, Mitsubishi Rayon Co., Ltd., Mitsui Chemicals, Repsol-YPF, Rohm & Haas, Sumitomo Chemical, and Thai MMA Co., Ltd.
"Methyl Methacrylate: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia- Pacific, Middle East and Latin America for the period 1991-2015. Analytics are provided in terms of end-use segments including Acrylic Plastics and Resins (Cast and Extruded Sheets, and Molding Powders and Resins), Surface Coatings, Impact Modifiers, Emulsion Polymers, Mineral-Based Sheets, Higher Methacrylates and Polyester Modifiers.
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Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.