Skip to main content

Europe Methyl Methacrylate Market Overview with Current Trends Analysis -2028

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.

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.


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.

To Know More About Methyl Methacrylate Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/europe-methyl-methacrylate-mma-market

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.

Top Players of Europe Methyl Methacrylate (MMA) Market:

Mitsubishi Chemical Corporation (MCC), Sumitomo Chemicals Co., Ltd., and Evonik Industries AG, Saudi Aramco and SABIC are some prominent players of this market.

Market Segmentation of Europe Methyl Methacrylate (MMA) Market:

The Europe Methyl Methacrylate (MMA) Market on the basis of Application, End Use, and Region.

By Application:

    Chemical Intermediate
    Surface Coating & Adhesives
    Emulsion Polymers

By End Use:

    Construction
    Automotive
    Electronics

By Region:

    Turkey
    European Union

Inquire about Methyl Methacrylate Market with Our Experts @ https://www.grandviewresearch.com/inquiry/5152
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more