San Francisco, 4 January 2019: 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
According to a report by Grand
View Research, Inc., global polymethyl methacrylate (PMMA) market is
anticipated to value USD 8.16 billion by 2025. Growing requirement for
aesthetic advertising options in retail sector is anticipated to propel demand
for polymethyl methacrylate over the forecast period (2014 to 2025). PMMA is
likely to offer characteristics such as durability, thermal and chemical resistance,
superior abrasion resistance, and low smoke emission.
Rising demand for light-weight
materials in manufacturing companies can propel market growth. PMMA is likely
to be 40% lighter than glass and can offer transparency, rigidity, and
toughness. This, in turn, can augment growth of market in the forthcoming
years. Stringent regulations pertaining to harmful emissions and manufacturing
are expected to drive market expansion. PMMA is estimated to emit less smoke as
compared to other products. Advent of advanced manufacturing techniques such as
suspension polymerization, emulsion polymerization, and bulk polymerization can
stimulate market growth. Rising R&D investments to develop advanced
products matching consumer demand can boost market expansion in the forthcoming
years.
Volatility in prices of raw
materials can hamper growth of market over the forecast period. However, growing
adoption of bio-based raw materials over petroleum derivatives attributed to
less consumption of energy can spur market growth. Rising investments towards
development of renewable raw materials can create lucrative opportunities for
new market entrants.
Access Research Report of Polymethyl
Methacrylate Market @ www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry
The polymethyl methacrylate
market can be segregated on the basis of product, end-use, and region. Based on
product, the market can be categorized into pellets, extruded sheets, acrylic
beads, and others. In 2015, extruded sheets segment dominated the market and
accounted for 51% volume share. Rising demand for high-performance sheets in
end-use sectors can augment growth of segment. In addition, cost-efficiency
offered by extruded sheets owing to economical and longer production techniques
can fuel product demand.
Based on end-use, the market
can be classified into electronics, automotive, construction, signs &
displays, and others. Signs and displays segment is predicted to witness growth
at CAGR of 7.8% during the forecast period. Rising demand for display cabinets,
commercial billboards, and leaflet dispensers can drive growth of segment. In
addition, increasing use of fiber optics made from PMMA in endoscopy
applications and telecommunication signs & displays can also stimulate
growth.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Regional segmentation includes
Europe, North America, Asia Pacific, Central & South America (CSA), and
Middle East & Africa (MEA). Asia Pacific region is anticipated to register
highest CAGR of 8.1% during the forecast period. Increasing automotive sales
attributed rising per capita income in countries like India and China can boost
product demand. This, in turn, can augment growth of market in the forthcoming
years. In addition, rising investments from international market players to
build their production in India and China and avail lucrative opportunities can
stimulate market expansion. Moreover, increasing number of construction
activities in India, China, and Brazil attributed to support from government
can augment regional growth.
In North America, the market
is likely to grow well attributed to presence of major manufacturing companies
producing resins in the region. These manufacturers are expected to processes
resins using innovative technologies for end-use applications.
In Europe, the market is
estimated to grow slow owing to Brexit and slow economic growth. This, in turn,
can hamper market growth in this region over the forecast period.
In MEA, the market is expected
to witness growth at CAGR of 10% over the forecast period. Increasing number of
collaborations between local manufacturing companies and key market players can
drive regional growth.
Central and South America
region is projected to witness significant market growth owing to rising demand
for displays and signs in sports events.
Some of the leading companies
operating in the market for polymethyl methacrylate are Sumitomo Chemical
Company Ltd., Evonik Industries, Chi
Mei Corporation, The Dow Chemical Company, and Mitsubishi Rayon Group. Most
market players are likely to adopt business strategies that can boost
investments in capacity expansion and product line extension. In addition,
leading market players are also expected to develop novel manufacturing
techniques to gain competitive edge over others.
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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