| Product Code: ETC8852911 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant influx of synthetic and bio-based methyl methacrylate (MMA) imports in 2024, with top exporting countries being China, Taiwan, USA, Malaysia, and Saudi Arabia. Despite the high Herfindahl-Hirschman Index (HHI) indicating concentrated market power, the compound annual growth rate (CAGR) of 12.93% from 2020 to 2024 and a growth rate of 8.38% from 2023 to 2024 suggest a thriving market. These trends highlight the country`s growing demand for MMA and its reliance on key exporting nations for a consistent supply.

Methyl methacrylate is a key component in acrylic plastics, coatings, and adhesives. In the Philippines, demand is driven by the construction, automotive, and electronics sectors. Bio-based MMA is gaining attention for its reduced environmental footprint, appealing to companies aiming for sustainable manufacturing.
Methyl methacrylate demand in the Philippines is driven by its use in plastics, paints, and coatings. The transition toward bio-based MMA is still nascent, with market growth tied to global supply chain trends and cost-effective manufacturing technologies. Increased focus on green buildings and infrastructure may provide additional demand drivers.
The Philippines market for methyl methacrylate is challenged by import reliance, limited R&D capabilities, and strict handling regulations due to its toxic and flammable nature. Bio-based MMA remains in its infancy, with high production costs deterring widespread use.
MMA is critical in acrylic products and coatings. The Philippines` construction, automotive, and electronics sectors present steady demand. Investment prospects include sustainable MMA production, local distribution networks, and partnerships with regional manufacturers to reduce supply volatility and capitalize on growth sectors.
MMA production and usage are monitored by the DENR and the FDA, depending on the end-use sector. Government initiatives promote cleaner production technologies and compliance with chemical safety protocols. Manufacturers investing in sustainable MMA production can access green technology funding and export development assistance.
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 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market - Industry Life Cycle |
3.4 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market - Porter's Five Forces |
3.5 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines 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 Growth in construction and automotive industries in the Philippines |
4.2.3 Technological advancements in the production of synthetic and bio-based MMA |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent regulatory requirements for chemical production in the Philippines |
5 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Trends |
6 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market, By Types |
6.1 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By General PMMA, 2021- 2031F |
6.1.4 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Heat Resistant PMMA, 2021- 2031F |
6.1.5 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Impact Resistant PMMA, 2021- 2031F |
6.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Photoelectricity, 2021- 2031F |
6.2.4 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Lighting, 2021- 2031F |
6.2.5 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenues & Volume, By Transportation, 2021- 2031F |
7 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Import-Export Trade Statistics |
7.1 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Export to Major Countries |
7.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Imports from Major Countries |
8 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Key Performance Indicators |
8.1 Adoption rate of bio-based MMA products in the market |
8.2 Investment in research and development for new MMA technologies |
8.3 Environmental impact assessment of synthetic MMA production and disposal |
9 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market - Opportunity Assessment |
9.1 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market - Competitive Landscape |
10.1 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Revenue Share, By Companies, 2024 |
10.2 Philippines Synthetic And Bio Based Methyl Methacrylate Mma Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |