Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global ?-Methacrylic Acid Market by Type (Acetone Cyanohydrin Method, Isobutylene Oxidation Method), By Application (Ester Synthesis, Coating Field, Adhesive Field, Textile Field, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global ?-Methacrylic Acid Market by Type (Acetone Cyanohydrin Method, Isobutylene Oxidation Method), By Application (Ester Synthesis, Coating Field, Adhesive Field, Textile Field, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 220406 3300 Chemical & Material 377 231 Pages 4.9 (31)

Market Overview:

The global methacrylic acid market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The methacrylic acid market has been segmented on the basis of type, application and region. On the basis of type, the acetone cyanohydrin method segment is expected to account for a major share of the global methacrylic acid market during the forecast period. This can be attributed to its growing demand from ester synthesis applications.

Global ?-Methacrylic Acid Industry Outlook

Product Definition:

-Methacrylic acid is a carboxylic acid with the formula CH2=C(CH3)COOH. It is the simplest alkyl acrylic acid. The molecule consists of a vinyl group and a methyl group linked to the central carbon atom.

It is an important intermediate in the production of polymers such as acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA),.

Acetone Cyanohydrin Method:

Acetone cyanohydrin method is a one-step process for the production of ?-methacrylic acid which uses acetone and hydrogen cyanide as raw materials. The major application of this product is in the production of polyurethane foams. This method provides several advantages over other processes such as less energy consumption, easy operation & maintenance, low catalyst cost and high yield.

Isobutylene Oxidation Method:

Isobutylene Oxidation is a chemical reaction between isobutylene and oxygen. The Isobutylene Oxidation method (IBM) has been developed by the researchers at the University of South Florida in Tampa, FL, U.S., as an alternative to hazardous practices involved in methylation or oxidation-era hydrogenation for manufacturing ?-methacrylic acid (PMA).

The research study on IBM was published in Journal of Industrial.

Application Insights:

The others segment includes the application of ?-methacrylic acid in cosmetics, pharmaceuticals and food processing. The demand for the chemical is expected to rise owing to its properties such as low toxicity and non-toxicity towards humans, animals and plants. Furthermore, it has a low rate of VOC emissions which makes it suitable for use in paints & coatings used on various construction & building materials.

Ester synthesis was the largest application segment accounting for over 30% share of global volume in 2017 due to high demand from industrial solvents applications such as cleaning agents, oils & greases and adhesives used across several industries worldwide including automotive (latex rubber), printing ink production (water based adhesive) textile finishing (cotton fabrics) etc.

Regional Analysis:

Asia Pacific was the largest market for global ?-MAA with a share of over 40% in 2017. The region is expected to witness significant growth in future as well owing to increasing demand from various application industries and rising awareness about environment friendly products.

The presence of key manufacturers such as Nippon Paint Holdings Co., Ltd.; Lanxess AG; and DIC Corporation will also boost the market growth in Asia Pacific. In addition, growing industrialization coupled with rapid urbanization has resulted into high product consumption across several end-use industries such as construction, coating, adhesives & sealants, and others.

Europe emerged as the second major consumer for global “-MAA due to high demand from coatings application industry on account of rising investments on infrastructure development along with growing automotive industry at both domestic level and EU level will drive product consumption over next seven years.

Growth Factors:

  • Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and plastics
  • Rising production of acrylonitrile monomer owing to the increasing demand for acrylic fibers
  • Growing investments in the construction sector across emerging economies
  • Proliferation of new applications for methacrylic acid in various end-use industries
  • Technological advancements that have led to the development of novel methacrylic acid derivatives

Scope Of The Report

Report Attributes

Report Details

Report Title

?-Methacrylic Acid Market Research Report

By Type

Acetone Cyanohydrin Method, Isobutylene Oxidation Method

By Application

Ester Synthesis, Coating Field, Adhesive Field, Textile Field, Others

By Companies

Mitsubishi Chemical, MGC, Kuraray, LG, Dow, Basf, Evonik, Formosa, Hefa Chem, Jiangsu Sanyi

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global ?-Methacrylic Acid Market Report Segments:

The global ?-Methacrylic Acid market is segmented on the basis of:


Acetone Cyanohydrin Method, Isobutylene Oxidation 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.


Ester Synthesis, Coating Field, Adhesive Field, Textile Field, 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:

  1. Mitsubishi Chemical
  2. MGC
  3. Kuraray
  4. LG
  5. Dow
  6. Basf
  7. Evonik
  8. Formosa
  9. Hefa Chem
  10. Jiangsu Sanyi

Global ?-Methacrylic Acid Market Overview

Highlights of The ?-Methacrylic Acid Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Acetone Cyanohydrin Method
    2. Isobutylene Oxidation Method
  1. By Application:

    1. Ester Synthesis
    2. Coating Field
    3. Adhesive Field
    4. Textile Field
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the ?-Methacrylic Acid 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

Global ?-Methacrylic Acid Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Methacrylic acid is a type of acrylic acid. It is a white, odorless solid that is used in the production of plastics and other materials.

Some of the major companies in the ?-methacrylic acid market are Mitsubishi Chemical, MGC, Kuraray, LG, Dow, Basf, Evonik, Formosa, Hefa Chem, Jiangsu Sanyi.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. ?-Methacrylic Acid Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. ?-Methacrylic Acid Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. ?-Methacrylic Acid Market - Supply Chain
   4.5. Global ?-Methacrylic Acid Market Forecast
      4.5.1. ?-Methacrylic Acid Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. ?-Methacrylic Acid Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. ?-Methacrylic Acid Market Absolute $ Opportunity

5. Global ?-Methacrylic Acid Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. ?-Methacrylic Acid Market Size and Volume Forecast by Type
      5.3.1. Acetone Cyanohydrin Method
      5.3.2. Isobutylene Oxidation Method
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global ?-Methacrylic Acid Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. ?-Methacrylic Acid Market Size and Volume Forecast by Application
      6.3.1. Ester Synthesis
      6.3.2. Coating Field
      6.3.3. Adhesive Field
      6.3.4. Textile Field
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global ?-Methacrylic Acid Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. ?-Methacrylic Acid Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global ?-Methacrylic Acid Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. ?-Methacrylic Acid Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global ?-Methacrylic Acid Demand Share Forecast, 2019-2026

9. North America ?-Methacrylic Acid Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America ?-Methacrylic Acid Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America ?-Methacrylic Acid Market Size and Volume Forecast by Application
      9.4.1. Ester Synthesis
      9.4.2. Coating Field
      9.4.3. Adhesive Field
      9.4.4. Textile Field
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America ?-Methacrylic Acid Market Size and Volume Forecast by Type
      9.7.1. Acetone Cyanohydrin Method
      9.7.2. Isobutylene Oxidation Method
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America ?-Methacrylic Acid Demand Share Forecast, 2019-2026

10. Latin America ?-Methacrylic Acid Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Application
      10.4.1. Ester Synthesis
      10.4.2. Coating Field
      10.4.3. Adhesive Field
      10.4.4. Textile Field
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America ?-Methacrylic Acid Market Size and Volume Forecast by Type
      10.7.1. Acetone Cyanohydrin Method
      10.7.2. Isobutylene Oxidation Method
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America ?-Methacrylic Acid Demand Share Forecast, 2019-2026

11. Europe ?-Methacrylic Acid Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Application
      11.4.1. Ester Synthesis
      11.4.2. Coating Field
      11.4.3. Adhesive Field
      11.4.4. Textile Field
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe ?-Methacrylic Acid Market Size and Volume Forecast by Type
      11.7.1. Acetone Cyanohydrin Method
      11.7.2. Isobutylene Oxidation Method
   11.8. Basis oint Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe ?-Methacrylic Acid Demand Share, 2019-2026

12. Asia Pacific ?-Methacrylic Acid Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Application
      12.4.1. Ester Synthesis
      12.4.2. Coating Field
      12.4.3. Adhesive Field
      12.4.4. Textile Field
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific ?-Methacrylic Acid Market Size and Volume Forecast by Type
      12.7.1. Acetone Cyanohydrin Method
      12.7.2. Isobutylene Oxidation Method
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific ?-Methacrylic Acid Demand Share, 2019-2026

13. Middle East & Africa ?-Methacrylic Acid Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa ?-Methacrylic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa ?-Methacrylic Acid Market Size and Volume Forecast by Application
      13.4.1. Ester Synthesis
      13.4.2. Coating Field
      13.4.3. Adhesive Field
      13.4.4. Textile Field
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa ?-Methacrylic Acid Market Size and Volume Forecast by Type
      13.7.1. Acetone Cyanohydrin Method
      13.7.2. Isobutylene Oxidation Method
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa ?-Methacrylic Acid Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global ?-Methacrylic Acid Market: Market Share Analysis
   14.2. ?-Methacrylic Acid Distributors and Customers
   14.3. ?-Methacrylic Acid Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Mitsubishi Chemical Overview Financials Developments Strategic Outlook
      14.4.2. MGC Overview Financials Developments Strategic Outlook
      14.4.3. Kuraray Overview Financials Developments Strategic Outlook
      14.4.4. LG Overview Financials Developments Strategic Outlook
      14.4.5. Dow Overview Financials Developments Strategic Outlook
      14.4.6. Basf Overview Financials Developments Strategic Outlook
      14.4.7. Evonik Overview Financials Developments Strategic Outlook
      14.4.8. Formosa Overview Financials Developments Strategic Outlook
      14.4.9. Hefa Chem Overview Financials Developments Strategic Outlook
      14.4.10. Jiangsu Sanyi Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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