Market Overview:
The global styrene methyl methacrylate copolymer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic additives, surface coatings, medical products, and consumer goods. Additionally, the growing automotive industry is also expected to fuel the demand for styrene methyl methacrylate copolymers in Asia Pacific and Middle East & Africa regions.
Product Definition:
Styrene methyl methacrylate copolymer is a type of plastic that is used in a variety of applications, including making eyeglass lenses, medical implants and water bottles. It is important because it is durable and can withstand impact, which makes it ideal for use in products that need to be strong.
Isobutylene Method:
Isobutylene (IBA) is an organic compound derived from butane. Isobutylene method is used to manufacture styrene methyl methacrylate copolymer (SMM). The method involves the polymerization of styrene and methacrylic acid ester in the presence of i-butyl alcohol as a catalyst.
Ethylene Method:
Ethylene is one of the important chemical and it is a flammable colorless liquid with a strong odor. It has the ability to polymerize with other compounds such as methanol, acrylonitrile, and butadiene to form polymers. Ethylene method or process is used in styrene methyl methacrylate copolymer (SMM) production.
Application Insights:
The plastic additive segment led the global styrene methyl methacrylate copolymer market and accounted for more than 45.0% of the total revenue in 2017. The growth can be attributed to increasing demand for polystyrene from various industries such as packaging, construction, automotive, electronics and appliances among others.
Plastic additives are used in a wide range of applications including food packaging (boxes & cartons), industrial machinery components (hoses & cables), consumer goods (toiletries & cosmetics) and clothing among others.
Regional Analysis:
Asia Pacific styrene methyl methacrylate copolymer market led the global industry and accounted for over 40% of the total revenue in 2016. The region is expected to witness significant growth on account of rapid industrialization, growing population, and increasing per capita disposable income.
The Asia Pacific was followed by Europe which accounted for over 25% of the total market share in 2016 owing to stringent regulations regarding VOC emissions coupled with rising environmental concerns among consumers about harmful gas emissions from plastic products resulting in a decline in product demand. North America is also likely to witness slow growth as compared to other regions due to saturation point reached by end-use industries such as automotive, appliances & electronics, etc., thereby restraining further industry expansion.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Rising demand for lightweight and durable plastics in automotive sector
- Growing construction industry in developing countries
- Increasing use of styrene methyl methacrylate copolymer in medical applications
- Technological advancements that improve the properties of styrene methyl methacrylate copolymer
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrene Methyl Methacrylate Copolymer Market Research Report
By Type
Isobutylene Method, Ethylene Method
By Application
Plastic Additive, Surface Coating, Medical, Consumer Goods, Automotive Parts, Appliances, Others
By Companies
Evonik, Dow, Sumitomo Chemical, LG MMA, Asahi Kasei, Arkema, Kuraray, Mitsubishi Gas Chemical, BASF, Formosa Plastics, Evonik, Longxin Chemical, Shandong Hongxu, Mitsubishi Rayon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Styrene Methyl Methacrylate Copolymer Market Report Segments:
The global Styrene Methyl Methacrylate Copolymer market is segmented on the basis of:
Types
Isobutylene Method, Ethylene Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastic Additive, Surface Coating, Medical, Consumer Goods, Automotive Parts, Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Evonik
- Dow
- Sumitomo Chemical
- LG MMA
- Asahi Kasei
- Arkema
- Kuraray
- Mitsubishi Gas Chemical
- BASF
- Formosa Plastics
- Evonik
- Longxin Chemical
- Shandong Hongxu
- Mitsubishi Rayon
Highlights of The Styrene Methyl Methacrylate Copolymer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Isobutylene Method
- Ethylene Method
- By Application:
- Plastic Additive
- Surface Coating
- Medical
- Consumer Goods
- Automotive Parts
- Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Styrene Methyl Methacrylate Copolymer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Styrene Methyl Methacrylate Copolymer is a type of polymer that is made up of styrene and methyl methacrylate. This type of polymer is often used in products such as plastic bags, containers, and other items.
Some of the major players in the styrene methyl methacrylate copolymer market are Evonik, Dow, Sumitomo Chemical, LG MMA, Asahi Kasei, Arkema, Kuraray, Mitsubishi Gas Chemical, BASF, Formosa Plastics, Evonik, Longxin Chemical, Shandong Hongxu, Mitsubishi Rayon.
The styrene methyl methacrylate copolymer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Styrene Methyl Methacrylate Copolymer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Styrene Methyl Methacrylate Copolymer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Styrene Methyl Methacrylate Copolymer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Styrene Methyl Methacrylate Copolymer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Styrene Methyl Methacrylate Copolymer Market Size & Forecast, 2018-2028
4.5.1 Styrene Methyl Methacrylate Copolymer Market Size and Y-o-Y Growth
4.5.2 Styrene Methyl Methacrylate Copolymer Market Absolute $ Opportunity
Chapter 5 Global Styrene Methyl Methacrylate Copolymer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
5.2.1 Isobutylene Method
5.2.2 Ethylene Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Styrene Methyl Methacrylate Copolymer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
6.2.1 Plastic Additive
6.2.2 Surface Coating
6.2.3 Medical
6.2.4 Consumer Goods
6.2.5 Automotive Parts
6.2.6 Appliances
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Styrene Methyl Methacrylate Copolymer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Styrene Methyl Methacrylate Copolymer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Styrene Methyl Methacrylate Copolymer Analysis and Forecast
9.1 Introduction
9.2 North America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
9.6.1 Isobutylene Method
9.6.2 Ethylene Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
9.10.1 Plastic Additive
9.10.2 Surface Coating
9.10.3 Medical
9.10.4 Consumer Goods
9.10.5 Automotive Parts
9.10.6 Appliances
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Styrene Methyl Methacrylate Copolymer Analysis and Forecast
10.1 Introduction
10.2 Europe Styrene Methyl Methacrylate Copolymer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
10.6.1 Isobutylene Method
10.6.2 Ethylene Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
10.10.1 Plastic Additive
10.10.2 Surface Coating
10.10.3 Medical
10.10.4 Consumer Goods
10.10.5 Automotive Parts
10.10.6 Appliances
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Styrene Methyl Methacrylate Copolymer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Styrene Methyl Methacrylate Copolymer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
11.6.1 Isobutylene Method
11.6.2 Ethylene Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
11.10.1 Plastic Additive
11.10.2 Surface Coating
11.10.3 Medical
11.10.4 Consumer Goods
11.10.5 Automotive Parts
11.10.6 Appliances
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Styrene Methyl Methacrylate Copolymer Analysis and Forecast
12.1 Introduction
12.2 Latin America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
12.6.1 Isobutylene Method
12.6.2 Ethylene Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
12.10.1 Plastic Additive
12.10.2 Surface Coating
12.10.3 Medical
12.10.4 Consumer Goods
12.10.5 Automotive Parts
12.10.6 Appliances
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Styrene Methyl Methacrylate Copolymer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Styrene Methyl Methacrylate Copolymer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Styrene Methyl Methacrylate Copolymer Market Size Forecast by Type
13.6.1 Isobutylene Method
13.6.2 Ethylene Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Styrene Methyl Methacrylate Copolymer Market Size Forecast by Applications
13.10.1 Plastic Additive
13.10.2 Surface Coating
13.10.3 Medical
13.10.4 Consumer Goods
13.10.5 Automotive Parts
13.10.6 Appliances
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Styrene Methyl Methacrylate Copolymer Market: Competitive Dashboard
14.2 Global Styrene Methyl Methacrylate Copolymer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Evonik
14.3.2 Dow
14.3.3 Sumitomo Chemical
14.3.4 LG MMA
14.3.5 Asahi Kasei
14.3.6 Arkema
14.3.7 Kuraray
14.3.8 Mitsubishi Gas Chemical
14.3.9 BASF
14.3.10 Formosa Plastics
14.3.11 Evonik
14.3.12 Longxin Chemical
14.3.13 Shandong Hongxu
14.3.14 Mitsubishi Rayon
