The MDA market hit US$ 160 million in 2015 on the back of strong showings in the American and European market. The growing industrial segment and large number of refineries were the driving force for Americas continued dominance of the MDA market.

The MDA market is expected to experience slightly slower growth in the coming years, mostly due to issues of saturation, ultimately reaching an estimated US$207 million market value by 2020. Despite the expected slowdown in growth, the Asia Pacific region is expected to contribute immensely to future market shares for MDA.