Demand from these applications can be credited to the demand for PMMA pellets in the market. Bio-based polymethyl methacrylate PMMA is expected to catch up in the near future owing to their eco friendly characteristics and secure raw material supply. Research is conducted methodically including secondary as well as primary inquisition related to the polymethyl methacrylate PMMA market.
Slump in construction and automotive industries on account of gloomy economic scenario may challenge the market growth in the region. PMMA is manufactured in four forms including extruded sheet, pellets or resins, beads powder and cell cast sheets and blocks.
The market growth is further expected to be complemented by increasing application in automotive, construction and medical devices. The PMMA market is an emerging field of the global synthetic resin market. In addition, social and cultural factors also influence the demand in the market.
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. Manufacturers are working on developing bio-based PMMA owing to volatile petrochemical raw material prices and frequent supply bottlenecks.
However, recovery of economy in the region is expected to favorably impact the market over the next six years. The report states that the market will expand at a healthy 7.
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.
Growing demand from key end-use applications such as signs and displays, electronics and automotive industries is expected to boost the global demand for polymethyl methacrylate PMMA.
The detailed description of players includes parameters such as company overview, financial overview, business strategies and SWOT analysis and recent developments of the company. Middle East and Africa is expected to witness an above average growth rate over the next six years. The study is focused on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
Growing electronics industry in China, Taiwan and South Korea coupled with increasing demand for electronics in Asia, particularly television sets, is expected to drive the market growth in electronics applications.
Low manufacturing costs and availability of high skilled labor has been a favorable to the increasing electronics production in the region.
The report segments the global polymethyl methacrylate PMMA market as: 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. The automotive industry is witnessing a gradual rise, globally, with increasing sales and production of different types of motor vehicles.
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.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.
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. 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 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. 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 mi-centre.comon: State Tower, 90 State Street, SuiteAlbany,Download