Market Overview

Polymethyl Methacrylate (PMMA) Market Expert Reviews and Analysis 2018 Along with Study Report 2025


Polymethyl Methacrylate (PMMA) Market Expert Reviews and Analysis 2018 Along with Study Report 2025

PR Newswire

PUNE, India, August 14, 2018 /PRNewswire-iReach/ -- Industry Dataanalytics added Latest Research Report titled "Global Polymethyl Methacrylate (PMMA) Market Study 2018-2025″ to its Large Report database.

This market study describes the global Polymethyl Methacrylate market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Turkey, China, Japan, India, South Korea, Taiwan and Brazil,.

The market is segmented mainly according to the applications of electronics, automotive, construction, signs and displays, sanitary ware, large aquariums and others. Polymethyl Methacrylate Market data in term of volume and value for each application at regional and country level will be provided.

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Top Leading Companies are: Akzo nobel NV, Arkema group, Asahi Kasei Chemicals corp., BASF, Evonik Industries AG, Formosa Plastics Corp., Heilongjiang zhongmeng longxin chemical co., Ltd, Kaohsiung Monomer Company Ltd., Kuraray Co. Ltd., LG MMA Corp, Lotte Chemical Corporation, Mitsubishi Chemical Corporation, Lucite International Limited, Mitsubishi Gas Chemical Co., SABIC, Shanghai Jing Qi Polymer Science Co. (SJPS), Sumitomo, Etc.

The report provides answers to the following key questions:

  • How big is the Polymethyl Methacrylate (PMMA) market?
  • How is the market evolving by demand, segment and region?
  • What will the market size be in 2025 and at what rate will it grow?
  • What trends, challenges and barriers are influencing its growth?
  • Historical and future price trends for Polymethyl Methacrylate (PMMA).

This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Polymethyl Methacrylate (PMMA) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.

Furthermore, the report provides a detailed analysis of the global Polymethyl Methacrylate (PMMA) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

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Polymethyl Methacrylate (PMMA) is also known as acrylic or acrylic glass and by several other trade names. It is available in two grades- optical and general purpose and in four different forms- extruded sheets, pellets, beads and resins. PMMA is a transparent thermoplastic often used as a substitute to glass. LEDs and dermal fillers used for medicinal purposes are anticipated to drive the growth of PMMA during the forecast period. Major end-use applications are electronics, automotive, construction, signs & displays, sanitary ware, large aquariums and others

Asia-Pacific is estimated to be the largest market for PMMA accounting for almost 60% of total PMMA demand and it is expected to register a growth of around 7% over the forecast period. The growth in demand can be attributed to rising demand for high quality plastics in automotive and electronics segments. Moreover, the growing infrastructural development is increasing the demand of PMMA in Asia-Pacific. The economy in Asia-Pacific has been thriving on account of the advancements witnessed in the automobiles, electrical & electronics, Industrial and consumer & home appliances. Growing purchasing power in the developing economies is seen as a key driver of demand for plastics like PMMA.

Growth in production of automobiles and initiatives taken by original equipment manufacturers to reduce weight of the vehicles will further drive the demand of PMMA in the long-term forecast. The electronics sector accounts for a significant share of exports of most countries in Asia-Pacific. Large quantities of the world's consumer electronics come from the ASEAN region. Plastics like PMMA are being widely employed in auto parts, consumer goods and electrical & electronics applications. High growth in the manufacture of electrical & electronics and other industrial appliances that require PMMA are expected to drive the PMMA demand growth in the long-term forecast.

Increasing per capita income among middle class in countries such as China and India is anticipated to fuel automotive sales, subsequently boosting product demand. The region is also witnessing numerous investments from multinational players who are shifting their production bases to these emerging economies in order to tap lucrative opportunities in the region.

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