24 May 2012 07:51 [Source: ICIS news]
SANYA, China (ICIS)--Asian methyl methacrylate (MMA) consumption is set to rise over the next few years on the back of the growing economies in the region, an official at Japan’s Mitsubishi Rayon Corp (MRC) said on Thursday.
MRC, the world’s largest MMA producer, estimates that the consumption of MMA per capita is set to rise on the back of Asia’s economic growth, especially in southeast Asia, said Hisato Haseda, director of the company’s Chemicals Department 1.
Haseda made a presentation in Japanese at the 9th China International Acrylate & MMA Forum, which was held in Sanya at China’s Hainan province on 24 May.
Countries with developing economies such as Taiwan, Korea and Japan, account for the highest consumption of MMA, he added. This is because MMA is largely used to make polymethyl methacrylate (PMMA), which is extensively used in the manufacture of automobile parts such as tail lights.
MMA is also used in the production cast sheets and acrylic resins for coatings and emulsions.
Taiwan consumes about 9-13 kg of MMA per capita annually, while Korea’s per capita annual consumption is estimated to be 5-9 kg.
The production of one car is estimated to use around 1.4 kg of PMMA and 1 kg of emulsion, Haseda said.
The consumption of MMA by Asia’s automotive segment is expected to reach 100,000 tonnes in 2012, he added.
China is another growing market for MMA and the country’s rapid economic growth is expected to increase the annual consumption of MMA from 1-3 kg per capita to possibly 2-8 kg per capita, he said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections