Global Methyl Methacrylate Demand is Experiencing Recovery and Growth

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to S&P Global's Chemical Economics Handbooks (CEH) report, China accounted for 30% of the global methyl methacrylate (MMA) demand in 2022, followed by the United States with 18%, Western Europe with 12%, and South Korea with 9%. China's consumption of MMA is primarily to produce polymethyl methacrylate (PMMA), and it is expected that the demand for PMMA will grow at an average annual rate of 4% to 5% from 2022 to 2027.

According to S&P Global, PMMA is a polymer material that is used in end-use markets such as construction, automotive and electronics, among others, while MMA is used "extensively in acrylic surface coatings (acrylic latexes and enamels) and adhesives."

The CEH report indicates that China and the United States are projected to be the only two markets to increase MMA production capacity in the next five years.

Industrial Info is tracking eight active MMA projects, valued at US$539 million, in China. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).