Synthetic And Bio-Based Methyl Methacrylate Market Growth - To Grow In The Future

Methyl methacrylate (MMA) is colorless organic compound. It is produced for the production of PMMA (poly methyl methacrylate). MMA is primarily consumed in the manufacture of PMMA. Increasing applications of PMMA in medicine, automotives and construction are projected to augment the synthetic and bio-based methyl methacrylate market. Increasing usage of the ingredients of MMA for manufacturing various chemicals, like methyl methacrylate-butadiene-styrene and some others serves as a huge opportunity for the synthetic and bio-based methyl methacrylate market. Also, the rising scope of MMA in knee replacement cement and bone fixing healthcare applications is anticipated to boost the market. Rising awareness regarding the usage of synthetic chemicals and hazards of the same on environment are predicted to increase the demand for bio-based MMA. Strict regulations and the fluctuating prices of petrochemicals and petroleum are projected to hinder the synthetic and bio-based methyl methacrylate market. The bio-based MMA market is anticipated to grow significantly. This is owing to the environment friendliness nature of bio-based MMA. In addition, rising demand for sustainable products, coupled with increased shelf life of consumer products is driving further demand for bio based MMA. Rising applications of bio based MMA in the medical sector is creating immense potential for the synthetic and bio-based methyl methacrylate market. Globally, North America and Europe were the first and second largest markets in 2013. Asia Pacific is the fastest growing synthetic and bio-based methyl methacrylate market. This is as result of the growing plastics and chemicals sector in Indonesia, India, China and South Korea. Information Source: Radiant Insights  

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