San Francisco, 31 December 2018: The Report Polymethyl Methacrylate (PMMA) Market Analysis By Product (Extruded Sheets, Pellets,
And Acrylic Beads), By End-Use (Automotive, Construction, Electronics, Signs
& Displays), Competitive Landscape, And Segment Forecasts 2018 – 2025
The global polymethyl methacrylate (PMMA) market is anticipated to reach USD 8.16 billion by 2025,
according 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 its focus
toward developing bio-based alternatives to combat volatile raw material
prices. Eco-friendly PMMA is now being developed with the introduction of
bio-based raw materials such as MMA from renewable organic feedstock. This in
turn is anticipated to provide lucrative growth opportunities for new entrants.
Extruded sheets are expected to remain the
dominant product segment with nearly 50% of the volume share in 2015. Extruded
sheets have a better tolerance on thickness, typically +/-10%, as compared to
cast acrylic sheets. The product is also expected to witness growth on account
of its high transparency that makes it ideal for signs & displays in the
advertising sector.
Access Research Report of Polymethyl Methacrylate Market @ www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry
Further key findings from the study suggest:
· In terms of revenue, the global PMMA market
is projected to grow at a CAGR of 7.5% from 2016 to 2025
· The growing demand for sophisticated
infrastructure along with presence of major automotive OEMs is anticipated to
boost the demand for acrylic beads
· The signs & displays segment is
projected to grow at the CAGR of 7.8% owing to increasing demand for commercial
billboards, display cabinets and leaflet dispensers
· North America and Europe are characterized
by presence of leading resin manufacturers and technological capabilities of
further processing these resins for end-uses
· Sluggish economic growth and Brexit are
likely to affect industrial output in Europe, which in turn is expected to be a
challenge for industry growth in the region
· Asia Pacific is projected to grow at the
highest CAGR of 7.0% on account of increasing investments in renewable energy
infrastructure and commercial projects undertaken in China, India, and Japan
· The polymethyl methacrylate market exhibits
significant untapped potential in medical applications and ample scope in the
sanitary ware industry for shower & bath installations
· New market entrants are actively engaged in
the development of novel production technologies to improve process efficiency
and reduce operational costs
· Influential companies include Evonik
Industries AG, Mitsubishi Rayon Group, Arkema SA, Kuraray Group, Sumitomo
Chemical Company Ltd., The Dow Chemical Company, SABIC and Asahi Kasei
Corporation among others
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the PMMA
market on the basis of product, application and region:
PMMA Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Extruded Sheets
·
Pellets
·
Acrylic Beads
·
Others
PMMA End-Use Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Automotive
·
Construction
·
Electronics
·
Signs & Displays
·
Others
PMMA Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
CSA
·
MEA
Access Press Release of
Polymethyl Methacrylate Market@ www.grandviewresearch.com/press-release/global-polymethyl-methacrylate-pmma-industry
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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