The Global Methacrylic Acid Market was valued at USD 1.22 Billion in 2022 and is projected to reach USD 1.58 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period (2023-2029). This expansion is driven by increasing PMMA demand in automotive lightweighting, rising construction activities, and growing adoption in specialty coatings and adhesives across diverse industries.

As the chemical sector pivots toward sustainable production and high-performance applications, industry leaders are expanding capacities and innovating new formulations. This analysis profiles the Top 10 Companies in the Methacrylic Acid Industry—key producers shaping the future of methacrylate monomers and derivatives.

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🔟 1. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Methacrylic acid, MMA, PMMA, specialty methacrylates

Mitsubishi Chemical dominates the global methacrylic acid market with 25% global share, operating integrated production complexes across Japan, Europe, and North America. Their proprietary C4 oxidation technology enables cost-efficient large-scale production.

Market Leadership:

• 1.4 million metric tons annual MMA capacity worldwide
• Vertically integrated from raw materials to high-value polymers
• Pioneering bio-based methacrylate development

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: High-purity methacrylic acid, MMA, specialty acrylates

LG Chem operates world-scale methacrylic acid plants in Korea and China, supplying 18% of Asian demand. The company focuses on high-value optical and electronic grade materials through advanced purification technologies.

Technical Capabilities:

• 99.9% purity grades for optical applications
• Patented low-waste production processes
• Strategic expansions in Southeast Asia

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8️⃣ 3. Evonik Industries

Headquarters: Essen, Germany
Key Offering: Methacrylate monomers, functional esters, specialty polymers

Evonik’s Methacrylates division leads in high-performance derivatives, serving premium applications in medical devices, automotive coatings, and electronics encapsulation with customized formulations.

Innovation Focus:

• Medical implant-grade methacrylates
• Low-VOC coating formulations
• Circular economy initiatives for monomer recovery

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/226146/global-methacrylic-acid-forecast-market-2023-2029-988

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7️⃣ 4. Mitsubishi Gas Chemical (MGC)

Headquarters: Tokyo, Japan
Key Offering: Methacrylic acid, MMA, engineering plastics

MGC operates three world-scale production complexes in Japan and Southeast Asia with combined 800,000 MT annual MMA capacity. The company specializes in high-flow polymers for automotive and electronic applications.

Production Advantages:

• Energy-efficient C4 oxidation technology
• Closed-loop solvent recovery systems
• Dedicated R&D facility for polymer applications

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6️⃣ 5. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty methacrylates, medical polymers, impact modifiers

Kuraray produces ultra-high purity methacrylic acid for medical and optical applications, with particularly strong positions in dental composites and intraocular lenses.

Specialty Applications:

• USP Class VI and ISO 10993 certified grades
• Low-yellowing formulations for optical uses
• High-impact polymer modifiers

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5️⃣ 6. DuPont

Headquarters: Wilmington, Delaware, USA
Key Offering: Performance methacrylates, engineered polymers

DuPont’s advanced materials division develops tailored methacrylate solutions for aerospace composites, automotive adhesives, and protective coating systems through its Nucrel and Elvaloy product lines.

Application Expertise:

• Flame-retardant methacrylate formulations
• Structural adhesives for electric vehicles
• Weather-resistant coating systems

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4️⃣ 7. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Methacrylate monomers, dispersion polymers, coatings

BASF maintains significant European and Asian production capacity with strong focus on sustainability, including bio-based feedstocks and carbon-neutral production initiatives.

Sustainability Leadership:

• Pilot production of bio-methacrylic acid
• Mass balance approach for renewable content
• Water-based acrylate dispersions

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3️⃣ 8. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Methacrylic acid, commodity and specialty PMMA

Formosa Plastics is Taiwan’s largest producer with integrated operations from MMA to finished polymers, strategically positioned to serve China’s electronics and automotive markets.

Market Position:

• Cost-advantaged production in Taiwan and China
• Rapid response to Asian market demands
• Expanding specialty PMMA capacity

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2️⃣ 9. Hefa Chem

Headquarters: Zibo, China
Key Offering: Standard and specialty methacrylic acid

As China’s leading domestic producer, Hefa Chem supplies 15% of regional demand with competitively priced product for coatings, adhesives, and textile applications.

Regional Strength:

• 200,000 MT annual nameplate capacity
• Strong distribution network across China
• Custom esterification capabilities

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1️⃣ 10. Jiangsu Sanyi

Headquarters: Taixing, China
Key Offering: Methacrylic acid, MMA monomers

Jiangsu Sanyi completes the top 10 with its growing production base in China’s Jiangsu province, focusing on cost-efficient supply to domestic coating and adhesive manufacturers.

Operational Focus:

• Continuous process optimization
• Byproduct utilization programs
• Regional logistics advantages

Get Full Report Here: https://www.24chemicalresearch.com/reports/226146/global-methacrylic-acid-forecast-market-2023-2029-988

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🧪 Outlook: Methacrylic Acid Market Evolution

The methacrylic acid industry is transforming through technological advancements and shifting demand patterns across key applications.

📈 Market-Shaping Trends:

• Accelerating adoption in LED screens and optical components
• Growing demand for low-VOC coating formulations
• Expansion of PMMA recycling initiatives
• Development of bio-based production routes

Get Full Report Here: https://www.24chemicalresearch.com/reports/226146/global-methacrylic-acid-forecast-market-2023-2029-988

These industry leaders are not only supplying essential chemical building blocks—they’re enabling advanced material solutions across multiple industrial sectors.