The Global Methyl Methacrylate Market is forecast to reach USD 12.73 Billion by 2027, according to a new report by Reports and Data. The Methyl Methacrylate is a clear, colorless, highly flammable, slightly water-soluble industrial and commercial chemical and a methyl ester of methacrylic acid. Methacrylic acid methyl ester is another trade name of this chemical compound. Methyl methacrylate are mostly used in the manufacturing of highly used Polymethyl Methacrylate (PMMA) surface coating & impact modifier for clear rigid polyvinyl chloride and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. The continuous expansion of the PMMA clear sheets, paint & coatings, adhesives, food packaging, mobile and computer casing and paper coating applications are expected to drive the demand throughout the forecast period. Direct & Intermediate solvent, chemical reagent, adherent, and other processing aids are some of its widely used end-usages.
The report is further updated with the changes in the market dynamics and trends owing to the COVID-19 pandemic. The pandemic has affected the global economy by changing the dynamics of the supply chains, inducing financial difficulties, and the increasing volatility of market prices. The report further estimates the overall impact of the pandemic on the Methyl Methacrylate market and offers key insights into the future of the market over the coming years.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Methyl Methacrylate market and profiled in the report are:
Mitsubishi Chemical Holdings, BASF SE, Dow Chemical Company, Evonik Industries AG, Arkema S.A, LG Chem Ltd., Nippon Shokubai Co., Ltd., Shanghai Huayi (Group) Company, Kowa India Pvt. Ltd., and S.K. Panchal & Co., among others.
Asia Pacific region is forecasted to grow fastest with the highest growth rate of 6.1% in the period 2019 – 2027, owing to high market penetration in polymethyl methacrylate acrylic plastics and continuous expansion of the transparent acrylonitrile-butadiene-styrene (ABS) uses coupled with the extensive demand for the this chemical compound as a solvent and intermediate agent in various industry verticals, especially in the regions like India and China.
The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.
The report further segments the market on the basis of product types and application spectrum offered by the market.
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
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Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Methyl Methacrylate Market Segmentation & Impact Analysis
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Methyl Methacrylate market and its competitive landscape.
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