| Product Code: ETC6192421 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for synthetic and bio-based methyl methacrylate (MMA) in 2024 exhibited a growth rate of 13.53% compared to the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 1.69%. This increase in import momentum can be attributed to a shift in demand towards sustainable and eco-friendly materials, reflecting a growing market preference for bio-based MMA products.
The market for MMA in Australia is essential to the production of acrylic plastics and coatings. Synthetic MMA dominates the market, but bio-based MMA is emerging as a sustainable substitute. Demand is strong across automotive, construction, and signage industries, with green chemistry efforts gaining ground.
The synthetic MMA market in Australia remains strong due to its widespread use in automotive, construction, and electronics applications. However, environmental concerns and a push for greener chemistry are driving R&D into bio-based MMA. This trend is supported by industry players investing in renewable feedstocks and low-emission production technologies.
In the MMA market, synthetic routes are economically more viable, but environmentally taxing. The development of bio-based alternatives is constrained by limited R&D funding and the technical complexity of production. Moreover, domestic demand is somewhat limited, requiring producers to depend on exports, which involves navigating international trade barriers and price competition.
MMA is crucial for producing polymers used in automotive, construction, and medical devices. With the growing demand for lightweight and durable materials, the synthetic and bio-based MMA market in Australia holds substantial promise. Investment in low-carbon MMA production technologies and partnerships with local manufacturers can be especially rewarding.
The MMA market is shaped by government oversight under Safe Work Australia for chemical handling and environmental protection under the National Pollutant Inventory (NPI). Bio-based MMA production is gaining interest, and government funding for cleaner production technologies through CSIRO and ARENA programs can facilitate the commercialization of sustainable alternatives. Strategic investments in chemical innovation hubs also align with the countrys push for value-added chemical manufacturing.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market - Industry Life Cycle |
3.4 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market - Porter's Five Forces |
3.5 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly products |
4.2.2 Growing adoption of bio-based materials in various industries |
4.2.3 Government initiatives promoting the use of bio-based materials |
4.3 Market Restraints |
4.3.1 High production costs associated with synthetic and bio-based MMA |
4.3.2 Limited availability of raw materials for bio-based MMA production |
4.3.3 Quality and performance issues compared to traditional synthetic MMA |
5 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Trends |
6 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market, By Types |
6.1 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By General PMMA, 2021- 2031F |
6.1.4 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Heat Resistant PMMA, 2021- 2031F |
6.1.5 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Impact Resistant PMMA, 2021- 2031F |
6.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Photoelectricity, 2021- 2031F |
6.2.4 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Lighting, 2021- 2031F |
6.2.5 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Transportation, 2021- 2031F |
7 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Import-Export Trade Statistics |
7.1 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Export to Major Countries |
7.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Imports from Major Countries |
8 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Key Performance Indicators |
8.1 Percentage of bio-based MMA in the overall MMA market |
8.2 Number of patents filed for innovative bio-based MMA production processes |
8.3 Percentage of companies in the MMA market investing in research and development for bio-based alternatives |
9 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market - Opportunity Assessment |
9.1 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market - Competitive Landscape |
10.1 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Revenue Share, By Companies, 2024 |
10.2 Australia Synthetic And Bio Based Methyl Methacrylate Mma Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |