Strong Demand from Emerging Economies Drives Dynamic Growth in the Global Methyl Methacrylate (MMA) Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Methyl Methacrylate markets. Global Methyl Methacrylate (MMA) consumption is projected to reach about 5.3 million metric tons by the year 2018, spurred by demand from emerging economies in Asia, led by China, Eastern Europe, Latin America, and the Middle East. The rapidly expanding scope of applications of MMA monomer and derivatives in traditional and newer verticals are also catalyzing the growth of this dynamic market.

Methyl Methacrylate: A Global Strategic Business Report

Follow us on LinkedIn – Methyl Methacrylate Acid (MMA) is an organic chemical used in the manufacture of synthetic glass, surface coating resins, polymer concrete, acrylic plastics, and resins. MMA is mostly sold in its monomeric solid form or as the polymeric derivative Poly Methyl Methacrylate (PMMA). PMMA, commonly known as acrylic or acrylic glass, is marketed under various names such as Acrylplast, Acrylite, Lucite and Perspex. The trend lines for the global Methyl Methacrylate (MMA) demand broadly trace macroeconomic patterns, with demand from major economies including the US, Western Europe, and China dictating consumption levels. Japan, Korea, Taiwan and other Asian giants also hold significant sway over MMA and polymer PMMA trade, particularly as the balance of power increasingly leans towards Asia.

Escalating power and raw material prices and sluggish demand variables continued to slacken the global MMA market well into 2011, with consumption volumes falling short of the pre-recession levels. Worldwide consumption is expected to increase through 2016, bolstered by strong demand from China and other parts of Asia (excluding Japan), with the Chinese MMA market projected to grow at twice the speed of the global market. The strong pull for MMA products in Asian markets also prompted a shift in production centers to the region in the recent term. In the long term, the MMA market is expected to grow at 1.5 times the GDP, outpacing the overall plastics industry by a significant margin.

The slump in the automobile and housing industry during the recession period was offset to some extent by robust demand for MMA/PMMA from electronics manufacturers in Asia. Explosive demand for light-guided panels for flat-panel TVs in Asia enabled the MMA market to make a quick comeback from recessionary lows. The unforeseen closure of production facilities in the US and Western Europe coupled with surging demand from Asia, Middle East, and Africa, fuelled the hike in MMA prices in mid 2010. The MMA market witnessed significant disruptions during the latter half of 2011, mainly attributed to the widespread impact of the European sovereign debt crisis, together with financial austerity in China. The fiscal crisis in the Eurozone amplified the risk of customer defaults and payments, particularly in Eastern Europe. Buyers in the US remained cautious as taut supply lines and peaking acetone prices, coupled with regional production issues lent further support to contract prices. The market is anticipated to witness a speedy recovery through 2012 due to underlying strengths such as highly-specialized and global nature of the business, competitiveness of players, and continuing demand from markets outside of the US and Europe.

Due to its durability against elements of nature, PMMA is increasingly substituting glass in a plethora of applications, particularly signage and displays and construction products. Optical grade Polymethylmethacrylate Resins constitutes about more than half of the total consumption of PMMA, while the general grade makes up the remainder. PMMA and reinforced composites are grabbing the attention of automobile manufacturers around the world, who are vying to reduce the weight, and thereby lower carbon emission of their vehicles.

Asian giants hold significant sway over MMA and polymer PMMA trade, particularly due to the burgeoning demand from the electronics industries in these regions. Intense infrastructure activity in China is powering the growth of the Asia-Pacific and global MMA markets, as stated by the new market research report on Methyl Methacrylate (MMA). The Asia Pacific market is set to overtake all other regions registering a robust CAGR of 8.0% through 2018. Even as demand mellowed in western economies during the recession period, the MMA market held its own due to strong demand from Asia, Latin America and the Middle East. In order to cash in on the strong growth potential in these regions and bring down production expenditure, manufacturers are increasingly relocating production facilities to Asia, Eastern Europe and other low-cost regions. In terms of end-use segments, Acrylic Plastics and Resins represents the largest and the fastest-emerging end-use segment in the global MMA market, due to robust demand for PMMA, and is projected to witness a CAGR of 5.7% over the analysis period.

The top five manufacturers constitute more than half of the worldwide production capacity. Key players profiled in the report include Arkema Group, Asahei Kasei Chemicals, BASF SE, Evonik Industries AG, Formosa Plastic Corp., Heliongjang Longxin Chemical, Jilin Chemical Industrial Company Limited, Jihua Suzhou Anli Chemical, Kaohsiung Monomer, LG MMA, Mitsubishi Rayon, Lucite International, Sumitomo Chemicals, Daesan MMA Corp., Thai MMA, and The Dow Chemical, among others.

The research report titled “Methyl Methacrylate: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides an extensive analysis of demand for MMA monomer and derivatives, detailing trends in downstream automobile, construction and OEM industries. The report captures the changing dynamics of the MMA market, highlighting growth areas in major and emerging geographic markets, as well as sketching the competitive landscape of the market, besides profiling key market participants and strategic business activities. Analytics in terms of annual consumption volumes (in metric tons) for the period up to 2018 are segmented into major geographic regions, including the US, Canada, Japan, Europe, Asia Pacific, Middle East and Latin America. Major end-use categories analyzed include Acrylic Plastics and Resins (Cast and Extruded Sheets and Molding Powders and Resins), Surface Coatings, Impact Modifiers, Emulsion Polymers, Mineral-Based Sheets, Higher Methacrylates, Polyester Modifiers, and Others. The study also proffers a historic perspective, depicting consumption data over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Methyl_Methacrylate_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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