Increasing construction spending coupled with growing automotive industry in emerging markets such as Brazil, China and India are expected to drive the market growth over the forecast period.
China is the largest producer of motor vehicles, followed by the United States and Japan. It is available in the market in two grades and can be segregated as general purpose and optical based on the basis of usage. It is available in two grades and can be classified as optical and general purpose grades based on its usage.
Automotive and transportation segment is one such application market for PMMA. Engineering plastics play a vital role in the production of electrical devices and microelectronic components.
The report provides a comprehensive analysis of the market potential in various industry applications. The abundant availability of raw materials and low cost of production is estimated to boost the demand for PMMA market, during the forecast period.
The driving and restraining factors for this market are strategically dealt in this analysis and emphasis is given towards its growth opportunities. Due to their unequal market size, the intensity of rivalry would be low among the competitors present in the PMMA market.
The numbers provided in the report have been derived on the basis of demand for polymethyl methacrylate PMMA from various end-user industries across different regions.
The polymethyl methacrylate PMMA study segments the market on an application basis, provides forecasts and estimates for each application segment in terms of revenue and volume over the forecast period from to Due to its excellent properties such as transparency, water resistance, light weight and rigidity, PMMA is largely used in sign and display industries for the manufacturing of LCD display panels.
The automotive market is one of the fastest growing markets in recent years, particularly in the United States, China, and developing countries.
This report gives a detailed description of the global polymethyl methacrylate PMMA market based on volume share kilo tons and revenue USD million for the period to The segment of PMMA beads, which has started observing significant demand from the emulsions and coatings market, is expected to expand at the fastest pace in the market — at a projected 8.
Demand from these applications can be credited to the demand for PMMA pellets in the market. Research is conducted methodically including secondary as well as primary inquisition related to the polymethyl methacrylate PMMA market. Its superior light transmittance compared to other polymers makes it an ideal compound in televisions which is expected to fuel its demand in electronics applications.
Increasing penetration of PMMA in medical devices market as an alternative to other medical polymers such as PVC and polypropylene owing to health hazards and low biocompatibility is expected to fuel the market growth over the next six years.
Low manufacturing costs and availability of high skilled labor has been a favorable to the increasing electronics production in the region. As the switching cost of the consumers is high, the threat of substitute would be low.
The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. PMMA extruded sheets witness huge demand from several traditional end-use industries such as electronics and automobiles.
Demand for light weight vehicles with better efficiency and lower emissions has seen a boost owing to strict regulatory laws executed in North America and Western Europe. Moreover, developing technology coupled with a wide range of broadening applications of PMMA is expected to boost the market growth in the coming future.
Manufacturers are working on developing bio-based PMMA owing to volatile petrochemical raw material prices and frequent supply bottlenecks. It is a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy efficiency and weather resistance.
Increasing expenditure on advertisements on account of increasing consumerism in emerging markets around the globe has been a major driving factor for high demand of PMMA in signs and displays. The deficiency of raw material for the production of PMMA is the major restraint for the market growth.
All volumes are expressed as kilo tons of dry polymers. This is boosting the growth of PMMA in the emerging economies.Global PMMA market is expected to witness significant growth over the next six years owing to increasing demand in electronics, automotive and signs & display applications.
PMMA is widely used in LED and flat panel televisions as a. Polymethyl methacrylate (PMMA) Market - Regional Analysis, North America; Europe; Asia Pacific; Central and South America; Middle East and Africa; About Us.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and billsimas.comon: State Tower, 90 State Street, SuiteAlbany, The global polymethyl methacrylate (PMMA) market is anticipated to reach USD billion byaccording to a new report by Grand View Research, Inc.
The growing demand for LED flat screens in Asia Pacific is projected to propel market demand over the coming years. The PMMA industry has shifted. Global Industry Analysis of Polymethyl Methacrylate Market Size Or PMMA Market - This report gives a detailed description of the global PMMA market based on volume share (kilo tons) and revenue (USD million) for the period to Location: State Tower, 90 State Street, SuiteAlbany, The major players dominating the global Polymethyl Methacrylate market are Arkema SA, Chi Mei Corporation, Kuraray Co Ltd., Asahi Kasei Corporation, Evonik Industries AG, Makevale Group, Quinn Plastic, Saudi Basic Industries Corporation (Sabic), LG MMA Corporation, Mitsubishi Rayon Co.
Ltd, and Sumitomo Chemical Company Limited. The global polymethyl methacrylate (PMMA) market is expected to register a CAGR of about 3%, during the forecast period, to Asia-Pacific accounted for the largest market in Asia-Pacific is also expected to register the .Download