Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. The scope of the report includes a detailed study of global and regional markets for Global Polymethyl Methacrylate PMMA Market with the reasons given for variations in the growth of the industry in certain regions.
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 driving and restraining factors for this market are strategically dealt in this analysis and emphasis is given towards its growth opportunities.
These beads are also an ideal ingredient as binders in curable formulations such as glues, resins, and composites. Increasing usage of PMMA in the lenses of automotive exterior lights is expected to complement the market growth.
Multiple technologies including emulsion polymerization, suspension polymerization, and bulk polymerization are deployed in manufacturing. Growing concerns regarding the presence of phthalate plasticizers in PVC has been a major factor for the growing importance for PMMA in medical devices.
The region also is the largest producer and consumer of PMMA, globally. This is anticipated to provide market participants opportunities in terms of product innovation. This technology has significantly improved the operating economies and has also provided an opportunity to reduce the capital investment.
In China, the consumption of engineering plastics including PMMA has increased drastically in the recent past, due the growing population, increasing urbanization, and substitution of many metals by suitable engineering plastics including PMMA in variable applications.
All market revenues have been calculated on the basis of sales and consumption trends. The electronics industry will be a key demand driver for the global PMMA market owing to the rise in demand for consumer electronics in developing regions such as Asia Pacific.
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. Due to their unequal market size, the intensity of rivalry would be low among the competitors present in the PMMA market.
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.
Manufacturers are working on developing bio-based PMMA owing to volatile petrochemical raw material prices and frequent supply bottlenecks.
Engineering plastics play a vital role in the production of electrical devices and microelectronic components. However, volatile raw material prices of petrochemicals are expected to hinder market growth. Moreover, the study includes a value chain analysis for better understanding of key players in the supply chain right from the manufacturers to end users.
This is boosting the growth of PMMA in the emerging economies. The growing disposable income in developing countries is one of the major factors driving the demand for electronic equipments and further demand for PMMA.
Major participants have also developed novel manufacturing processes in order to gain a competitive advantage. 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.
Research is conducted methodically including secondary as well as primary inquisition related to the polymethyl methacrylate PMMA market.
It is used across several applications in industries such as construction, electronics, interiors and furniture, fashion and apparel, solar panels, medicine and healthcare, and sanitary ware.
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 This growth in the automotive industry is expected to positively drive the market for PMMA in the near future. End-Use Insights PMMA is widely used in internally lighted signs for advertising and directions since it fosters excellent transmission of visible light.
Extruded PMMA sheet emerged as the largest consumed adhesive in almost all industries including signs and display, electronics, construction among others. Approximately 95 million vehicles were produced in PMMA is manufactured in four forms including extruded sheet, pellets or resins, beads powder and cell cast sheets and blocks.
This trend is also expected to complement the market growth to make the fastest growing region over the next six years.
Increasing demand for aquariums and other structural panels is also generating lucrative opportunities for pellets and cast acrylics. The deficiency of raw material for the production of PMMA is the major restraint for the market growth.Industry Insights.
The global polymethyl methacrylate (PMMA) market size was valued at USD billion in and is projected to grow at a CAGR of % from to 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.
Industry Insights. 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.
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, 1) An overview of the global market for Global Polymethyl Methacrylate (PMMA) Market and related technologies.
2) Analyses of global market trends, with data fromestimates for andand projections of compound annual growth rates (CAGRs) through 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.Download