Europe Methyl Methacrylate Market Size, Share & Trends Analysis Report By Application (Chemical Intermediate, Surface Coating & Adhesives, Emulsion Polymers), By End Use (Construction, Automotive, Electronics), And Segment Forecasts, 2024 - 2030

Europe Methyl Methacrylate Market Trends

The Europe methyl methacrylate market size was valued at USD 25.5 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030. Methyl methacrylate (MMA) is extensively used in making adhesives, medical appliances, paints and coatings. Also, binders for concrete admixture, sealants, waterproofing compounds, digital panels and displays are made up of methyl methacrylate. This compound is used in several end-use applications in construction, automotive, and electronics industries.

The key factors driving the growing demand of MMA are wide construction and automotive sector in Europe. Increasing demand of electric vehicles, modern design capabilities and emphasis on emission control by manufacturers are driving demand for MMA in the automotive industry. Key production processes employed by producers are direct oxidative esterification, C2 alpha, ACH, C4 direct oxidation, and isobutene. Various raw materials used in the aforementioned production processes include ethylene, acetone, isobutylene, methanol, carbon monoxide, hydrogen, and sulphuric acid.

Majority of MMA that is produced globally is polymerized to produce homo and copolymers, with extrusion of various polyacrylates being the largest application. Polymethyl Methacrylate (PMMA) is the most commonly used polyacrylate. Increasing use of PMMA, which uses MMA as a raw material, in end-use industries is propelling market growth.

Application Insights

The chemical intermediate application segment captured largest market share of 51.3% in 2023. MMA produced is majorly consumed by producers as a chemical intermediate in the production of various polymers such as polymethyl methacrylate (PMMA), styrene methyl methacrylate (SMMA), and methacrylate acrylonitrile butadiene styrene (MABS). MMA produced is used for the production of cast acrylic sheets and molding and extrusion compounds.

The surface coatings and adhesives segment is expected to grow at the fastest CAGR of 8.7% during 2024 to 2030. MMA monomers are used in the production of paints and coatings. They are also used to produce durable coatings that are weather-resistant and durable. Methacrylic monomers have low volatile organic compound (VOC) content, which makes them suitable for use in road marking and marine coating applications.

End Use Insights

The construction segment held the largest revenue share of 37.5% in 2023 in Europe. The Europe MMA market on the basis of end use is segmented into construction, automotive, electronics, and others. The window panels and domes in various constructions are made up of PMMA extruded sheets which are derived from MMA through copolymerization process. These sheets are used in buildings by the virtue of their features such as high transparency, UV resistance, and surface hardness. A wide array of nanoporous polymeric materials such as PMMA and polystyrene are preferred in manufacturing of vacuum insulation panels. Growth in use of PMMA in various construction end uses is propelling the demand for MMA.

The automotive sector is anticipated to expand at the fastest CAGR at 8.7% during the forecast period, 2024 to 2030. Increasing demand of electric vehicles is expected to accelerate the use of PMMA, which, in turn, is anticipated to drive the market. Polymer electrolytes blended with PMMA and poly (vinylidene fluoride-co-hexafluoropropylene) exhibit improved thermal stability and ionic conductivity compared to conventional polymer electrolytes used in lithium-ion batteries in electric vehicles. Expanding automobile market across the world is positively impacting the Europe MMA market as well.

Country Insights

Germany Methyl Methacrylate Market Trends

Germany methyl methacrylate market held the largest revenue share of 26.8% in 2023. The flourishing automotive market, R&D activities in electric vehicles and growing construction sector are primarily driving the market. Increasing consumer disposable income, and rise in construction and infrastructural spending in the European countries are some of the factors propelling market growth.

Key Europe Methyl Methacrylate Company Insights

Some of the key participants in the Europe methyl methacrylate market areRöhm GmbH, Trinseo, Dow, BASF SE, and others. Large companies are aiming to expand their product offering through collaborations and investments. Also, to cater the increasing demand, companies are looking to develop advanced production facilities and enhance manufacturing techniques.

Recent Developments

• In June 2024, Trinseo announced the launch of its PMMAdepolymerization facility in Italy. It is a pivotal advancement in the organization’s sustainability efforts, and the technology fosters circular environment/infrastructure for acrylic solutions.

• In August 2023, Evonik signed an agreement to enhance & produce custom catalyst for new MMA production plant of Röhm in the U.S.

Europe Methyl Methacrylate Market Report Scope

Europe Methyl Methacrylate Market Report Segmentation

This report forecasts revenue growth at regional, and country levels and analyses the latest industry trends in each of the sub-segments from 2020 to 2030. For this study, Grand View Research has segmented the Europe methyl methacrylate market report based on application, end use and region.

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2030)

  • Chemical Intermediate

  • Surface coating & adhesives

  • Emulsion polymers

• End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2030)

  • Construction

  • Automotive

  • Electronics

  • Others

• Country Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2030)

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain