Methyl Methacrylate Market - Growing Use of PMMA in the Electronics and Automotive Industries Antici
This MRRSE study offers an eight-year analysis and forecast for the global Methyl Methacrylate Market between 2018 and 2026. The methyl methacrylate market study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2019 to 2026. The Compound Average Growth Rate (CAGR) has been represented from 2018 to 2026. The Methyl Methacrylate study covers various perspectives of the market, including market dynamics, value chain and pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner.
[USPRwire, Thu Jun 13 2019] This MRRSE study offers an eight-year analysis and forecast for the global Methyl Methacrylate Market between 2018 and 2026. The methyl methacrylate market study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2019 to 2026. The Compound Average Growth Rate (CAGR) has been represented from 2018 to 2026. The Methyl Methacrylate study covers various perspectives of the market, including market dynamics, value chain and pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global methyl methacrylate market is projected to grow at a CAGR of 3.3% between 2018 and 2026, in terms of volume. The growing demand for methyl methacrylate (MMA) as a key chemical in the production of plastics, paints, coatings and adhesives for use across major end-use industries such as construction, renovation and automotive is anticipated to drive the market growth.
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The MRRSE report on the methyl methacrylate market carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters such as application and end use industry. The report also highlights an overview of the methyl methacrylate market by region wherein the consumption of methyl methacrylate has been tracked for various prominent countries across each region. The data obtained has been scrutinized across each of the countries. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the methyl methacrylate market.
Methyl methacrylate is one of the most prominent esters of methacrylic acid. It is a colourless, volatile and flammable liquid with moderate solubility in water. It is used for the production of PMMA, which is by far the largest application of methyl methacrylate. It is also copolymerised with other monomers (vinyl acetate, acrylate esters, or other methacrylates) and used in large quantities for the production of acrylic polymers.
This methyl methacrylate market report is structured to facilitate the reader to develop a thorough understanding of the market. The report begins with market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the methyl methacrylate market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the methyl methacrylate market.
The methyl methacrylate market report begins with a market introduction, defining the market taxonomy and product definitions regarding the global methyl methacrylate market. In the next section, the methyl methacrylate market report describes the market development background, covering macro-economic factors, industry factors, product life stage and associated stages, forecast factors, regional weighted average pricing analysis, value chain overview covering approximate margins, an indicative list of stakeholders involved in each stage and an assessment of the supply demand and import export analysis for the methyl methacrylate market for the base year considered for the study.
The next section of the methyl methacrylate market report discusses market dynamics, such as drivers (supply and demand side), restraints and trends, impacting the market growth at a global level. Market opportunities or potential for manufacturers have been presented in the subsequent section of the same chapter in the methyl methacrylate market report. This section also includes the impact assessment of market dynamics on the global methyl methacrylate market at a qualitative level, based on analysis facts and insights.
Subsequent sections of the report provide value (US$ Mn) and volume (consumption in tons) projections for the methyl methacrylate market. The global market values represented in these sections have been agglomerated by collecting data and information at a regional level. The methyl methacrylate market information, along with key facts and insights, covers unique analysis frameworks, such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types covered in each segment.
The next section of the report presents a summarised view of the global methyl methacrylate market based on the seven prominent regions considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions.
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The market analysis sections of the methyl methacrylate market report cover regional trends, weighted average pricing analysis and market projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyse the degree to which the global drivers are influencing the methyl methacrylate market in each region.
All the above sections evaluate the present market scenario and growth prospects in the global methyl methacrylate market while the forecast presented in the sections assesses the market size in terms of volume and value.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global methyl methacrylate market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.
In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the methyl methacrylate market and identify the right opportunities available.
As previously highlighted, the methyl methacrylate market has been split into a number of sub-segments. All the sub-segments, in terms of application and end use industry, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends being witnessed in the methyl methacrylate market.
Another key feature of this report is the analysis of all the key segments in the methyl methacrylate market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the methyl methacrylate market.
In order to understand the key market segments in terms of the growth and consumption of methyl methacrylate across concerned regions, PMR has developed an attractiveness index, which will help providers identify real market opportunities in the methyl methacrylate market.
In the final section of the methyl methacrylate market report, a competitive landscape of the methyl methacrylate market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the methyl methacrylate market and key differentiating factors and strategies. The primary category of providers covered in this report includes methyl methacrylate manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the methyl methacrylate market. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the methyl methacrylate market. Examples of some of the key competitors covered in this methyl methacrylate market report include Luctite International, Mitsubishi Chemical Corporation, Evonik Industries AG, Petro Rabigh, Asahi Kasei Corporation, Sumitomo Chemicals Co., Ltd., BASF SE, DowDuPont Inc., Nippon Shokubai Co., Ltd., among others.
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