PUBLISHER: QYResearch | PRODUCT CODE: 1866743
PUBLISHER: QYResearch | PRODUCT CODE: 1866743
The global market for Methacrylic Acid (MAA) was estimated to be worth US$ 1349 million in 2024 and is forecast to a readjusted size of US$ 1718 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Methacrylic Acid (MAA) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Methacrylic Acid (MAA) is a key intermediate in the acrylics value chain, known for its highly reactive double bond and carboxyl group, which make it an essential building block for numerous downstream derivatives. It is primarily produced through the oxidation of isobutylene, tert-butanol, or isobutane, and is often manufactured alongside methyl methacrylate (MMA) in integrated facilities. In 2024, global production of MAA reached approximately 641.8 kilotons, with an average global market price of around US$2,102 per ton. The chemical's primary applications include methacrylate esters for specialty polymers, impact-resistant plastics, ion-exchange resins, and adhesives. It also serves as a critical raw material for waterborne coatings, superabsorbent polymers, and construction additives. Due to its versatility, MAA plays an indispensable role in industries spanning construction, automotive, packaging, and electronics, ensuring that fluctuations in these sectors have a direct impact on MAA demand. Major global producers include Mitsubishi Chemical, LX MMA (South Korea), and Formosa Plastics (Taiwan), which maintain significant capacity footprints in Asia, the center of MAA production and consumption.
Supply Chain Dynamics
Upstream, MAA production depends heavily on petrochemical feedstocks such as isobutylene, tert-butanol, and methanol, meaning that production costs are sensitive to fluctuations in crude oil and refinery economics. This dependence on olefin-based raw materials encourages integration strategies: for example, Mitsubishi Chemical and LX MMA operate facilities tightly linked to MMA and derivative production, reducing supply risk and optimizing resource utilization. Downstream, MAA is consumed by diverse but highly specialized sectors. Methacrylate ester manufacturers use MAA to produce butyl methacrylate, hydroxyethyl methacrylate (HEMA), and other specialty monomers required in high-performance coatings and adhesives. PMMA producers often secure MAA as a comonomer to improve material toughness and weather resistance. Adhesive and sealant manufacturers, such as Henkel and Sika, procure MAA with strict quality specifications, prioritizing purity and consistent reactivity. Coatings players like AkzoNobel, Nippon Paint, and Sherwin-Williams are also significant buyers, focusing on long-term supply contracts to mitigate price volatility. Procurement characteristics vary: specialty chemical companies prioritize high-purity MAA grades for niche applications, often entering multi-year agreements, while construction chemical producers tend to adopt more flexible purchasing strategies, balancing price sensitivity with availability.
Market Trends
The global MAA market is currently shaped by both structural challenges and emerging opportunities. On one hand, demand growth from construction coatings, adhesives, and polymer additives is steady but relatively modest, creating a mismatch with expanding Asian capacity. China, in particular, has rapidly scaled production of MAA, often integrated with MMA facilities, creating a more competitive global supply base. This expansion has placed pressure on traditional producers in Japan, Korea, and Taiwan, forcing them to differentiate by focusing on higher-value methacrylate derivatives or by improving operational integration. In 2024, industry dynamics echoed those of MMA: oversupply concerns surfaced as new Chinese units came online, while downstream demand lagged behind expectations in construction and automotive sectors. On the other hand, the rise of waterborne and low-VOC coatings, biomedical applications of methacrylate esters (such as in dental and ophthalmic materials), and the growing use of superabsorbent polymers in hygiene products provide long-term growth drivers. Companies like Mitsubishi Chemical and LX MMA are therefore shifting strategies from commodity bulk supply toward innovation-driven niches. Going forward, the MAA industry will need to balance expanding Asian capacity with sustainable demand growth. Cost efficiency, downstream integration, and product diversification will be critical to weather cyclical downturns and to secure resilience in an increasingly competitive market landscape.
This report aims to provide a comprehensive presentation of the global market for Methacrylic Acid (MAA), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Methacrylic Acid (MAA) by region & country, by Type, and by Application.
The Methacrylic Acid (MAA) market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Methacrylic Acid (MAA).
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Methacrylic Acid (MAA) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Methacrylic Acid (MAA) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Methacrylic Acid (MAA) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.