Global Methyl Methacrylate (MMA) Film and Sheet Market, By Application (Polymethyl Methacrylate (PMMA), Surface Coating, and Others), End User (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others) – Industry Trends and Forecast to 2029.
Methyl Methacrylate (MMA) Film and Sheet Market Analysis and Size
The global methyl methacrylate (MMA) film and sheet market is rising substantially due to some major driving factors such as growing demand from the automotive industry due to its cost effectiveness properties. Also, growing demand from several end user industries because of its characteristics such as high emissivity, refractory operating temperatures, recyclable are expected to drive the demand for methyl methacrylate (MMA) film and sheet in the upcoming years. Likewise, rising usage of electrical appliances and lack of alternatives for electricity may provide a profitable opportunity for the market players during forecast period.
Data Bridge Market Research analyses that the methyl methacrylate (MMA) film and sheet market was valued at USD 680.00 million in 2021 and is expected to reach USD 1043.59 million by 2029, registering a CAGR of 5.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Methyl Methacrylate (MMA) Film and Sheet Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Polymethyl Methacrylate (PMMA), Surface Coating, and Others), End User (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), SABIC (Saudi Arabia), 3M (U.S.), Asahi Kasei Chemicals Corporation (Japan), Solvay (Belgium), Sumitomo Chemical Co., Ltd (Japan), LyondellBasell Industries Holdings BV (Netherlands), Momentive (U.S.), Mitsubishi Chemical Corporation (Japan Covestro AG (Germany), Chase Corp (U.S.), C. L. HAUTHAWAY & SONS CORP (U.S.), Evonik Industries (Germany), Polycoat Products (U.S.), Mapei SpA (Italy), Ashland (U.S.), Lamberti S.p.A. (Italy), Huntsman International L.L.C. (U.S.), LANXESS (Germany), Dow (U.S.)
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Market Opportunities
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Market Definition
Methyl Methacrylate (MMA) is a thermoplastic polyester with excellent properties such as low price, easy processing, lightweight, excellent transparency, and biocompatibility.. This product has stronger pressure resistance, low thermal resistance and lower application pressure. The films have been widely used in electronic sector.
Global Methyl Methacrylate (MMA) Film and Sheet Market Dynamics
Drivers
- Rise the demand of methyl methacrylate (MMA) film and sheet
Methyl methacrylate (MMA) film and sheet is likely to lead whole methyl methacrylate (MMA) film and sheet market due to some qualities such as superior chemical resistance, and good strength, high stiffness, damage tolerance. MMA is completely recyclable material which may be made into film and sheet for use in the manufacture of automotive components. The higher demand of methyl methacrylate (MMA) film and sheet are expected to drive the market growth rate.
- Higher demand in electronic sector
Methyl methacrylate (MMA) film and sheet are mainly used in power electronic invertors and converters on a modest scale. The rising demand for high-tech electronic goods including tablets, touchscreen cell phones, audio pods and laptops are expected to drive the methyl methacrylate (MMA) film and sheet industry. Methyl methacrylate (MMA) film and sheet have a number of benefits in the electronic and digital sectors, including low absorption, small design, lightweight, high emissivity, and refractory temperature conditions. Due to higher benefits of methyl methacrylate (MMA) film and sheet are expected to drive the revenue growth of the market.
Opportunities
- Rising demand of methyl methacrylate (MMA) film and sheet for multiple purposes
The increasing demand for methyl methacrylate (MMA) film and sheet in the automotive industry because of its high dielectric constant and dissipation factor, growing demand for electrical and electronic goods in emerging and developed countries, swiftly rising solar market due to increasing capacities are some of the major factors which are expected to drive the growth of the methyl methacrylate (MMA) film and sheet market in upcoming periods. On the other hand, the growing demand for electronic products such as PCs, smartphones and tablets will further create various opportunities that will lead to the growth of the methyl methacrylate (MMA) film and sheet market in upcoming periods.
Restraints/ Challenges
However, raw materials which is used for methyl methacrylate (MMA) film and sheet are derived from heavy petroleum. So, the fluctuation in the price of petroleum affects the cost of the polymers which is used for dielectric films. This is a main restraint factor to the methyl methacrylate (MMA) film and sheet as the cost of raw material plays a vital role in the determination of market price. Furthermore, the availability of raw materials can also obstruct the market growth for this product. Also, environmental regulations also play a significant role, as more consumers which are realizing the benefits of eco-friendly materials.
This methyl methacrylate (MMA) film and sheet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the methyl methacrylate (MMA) film and sheet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Methyl Methacrylate (MMA) Film and Sheet Market
To widespread of coronavirus, the flexible packaging manufacturers are developing packaging solutions which can keep up with the delivery of daily useful products. Methyl methacrylate (MMA) film and sheet sales for product packaging are anticipated to increase in order to ensure safe and non-contaminated product delivery to B2B and other consumers. During the outbreak of COVID-19, there were some challenges for the sales of methyl methacrylate (MMA) film and sheet. The lack of logistical and transportation services hindered the delivery of raw materials for the production of methyl methacrylate (MMA) film and sheet. The government stringent regulations have restrain the productivity of technical films. Methyl methacrylate (MMA) film and sheet and sales began picking up because of effective planning by higher authorities and manufacturers.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Methyl Methacrylate (MMA) Film and Sheet Market Scope
The methyl methacrylate (MMA) film and sheet market is segmented on the basis of application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Polymethyl Methacrylate (PMMA)
- Surface Coating
- Others
End User
- Building & Construction
- Automotive
- Electronics
- Aerospace
- Paints & Coatings
- Medical,
- Others
Methyl Methacrylate (MMA) Film and Sheet Market Regional Analysis/Insights
The methyl methacrylate (MMA) film and sheet market is analysed and market size insights and trends are provided by country, application and end-user as referenced above.
The countries covered in the methyl methacrylate (MMA) film and sheet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the methyl methacrylate (MMA) film and sheet in terms of market share because of the increasing demand for MMA films in industries namely solar and wind energy, automotive and electrical and electronics in this region.
North America is expected to be the fastest developing region during the forecast period due to the due to the increasing adoption of MMA films in electronic sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Methyl Methacrylate (MMA) Film and Sheet Market Share Analysis
The methyl methacrylate (MMA) film and sheet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to methyl methacrylate (MMA) film and sheet market.
Some of the major players operating in the methyl methacrylate (MMA) film and sheet market are:
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- 3M (U.S.)
- Asahi Kasei Chemicals Corporation (Japan)
- Solvay (Belgium), Sumitomo Chemical Co., Ltd (Japan)
- LyondellBasell Industries Holdings BV (Netherlands)
- Momentive (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- Covestro AG (Germany)
- Chase Corp (U.S.)
- C. L. HAUTHAWAY & SONS CORP (U.S.)
- Evonik Industries (Germany)
- Polycoat Products (U.S.)
- Mapei SpA (Italy), Ashland (U.S.)
- Lamberti S.p.A. (Italy)
- Huntsman International L.L.C. (U.S.)
- LANXESS (Germany)
- Dow (U.S.)
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