Monday, 15 October 2018

Human Milk Oligosaccharides (HMO) Market Hit USD 170.4 Million by 2024 : Grand View Research, Inc.

According to a report by Grand View Research, Inc.; the global human milk oligosaccharides (HMOs) market is anticipated to reach USD 170.4 million by 2024. HMO is considered as one of the best alternatives for non-lactating mothers owing to its nutritious value essential for the growth of infants. Most manufacturing companies are using various fermentation processes and chemical synthesis to manufacture effective HMOs to cater to rising demand.


Human Milk Oligosaccharides (HMO) Market

Growing adoption of dietary supplements to attain healthy lifestyle is likely to drive growth of the market in the coming years. Increase in infant mortality rate owing to insufficiency of essential enzymes in human milk can augment market growth over the forecast period (2013 to 2024). Rising necessity for human milk oligosaccharides (HMOs) to prevent and cure infants from harmful health disorders can foster growth of the market. High demand for HMO in medicinal supplements owing to its antimicrobial protection and prebiotic effects can further fuel the market. Increasing adoption of nutritious food owing to rise in health awareness is likely to drive market in the coming years.

For instance, Nestle is the first company to develop an infant formula containing two human milk human milk oligosaccharide (HMO) molecules. European food safety authority (EFSA) has already evaluated the formula and food and drug administration (FDA) has approved it. According to clinical research, the formula is likely to induce adequate growth in infants. It can also support in developing gut flora of infants getting HMOs, similar to babies on breastfeeding.

However, stringent government regulations to limit use of HMOs as infant food may restrict market growth in the coming years. In addition, high production cost involved in fermentation processes and use of complex technology can create obstruction in growth of this market. Moreover, high R&D cost coupled with lack of technical expertise can also impede market growth during the forecast period.

Nevertheless, focus on development of cost-effective production techniques by most manufacturing companies coupled with wide scope for improvement in HMOs are expected to create lucrative opportunities in the market.

The human milk oligosaccharides market is bifurcated on the basis of applications and regions. Based on applications, the market is segmented into functional food & beverages, infant formula, and food supplements. Based on region, the market is split into North America, Europe, Asia Pacific, Latin America, and MEA.

In the global arena, Europe dominated the market by attaining maximum volume share of 30% in the year 2015. High demand for infant formulas and increasing number of manufacturers are likely to impel market growth in the region. In addition, growing need for dairy products in the region can foster growth in the market. Moreover, rising demand for functional food products in the region including yogurt and energy drinks are likely to bode well for market growth.

In Asia Pacific, the market is anticipated to showcase a CAGR of 10% over the forecast period owing to rising awareness related to chronic diseases such as diabetes, rickets, and high blood pressure. In addition, growing need for dietary supplements in the region can impel market in near future. Moreover, high disposable income and rising awareness level of the middle class population regarding health disorders can bode well for regional growth in the forthcoming years.

In North America, growing number of HMO manufacturers and rising adoption of formulated milk is expected to propel the regional market over the forecast period.

Some of the prominent players operating in the human milk oligosaccharides (HMO) market are Medolac Laboratories, ZuChem, Elicityl SA, Inbiose, and Jennewein Biotechnologie. There is a limited number of manufacturing companies dealing in HMOs making this market quite consolidated. To survive the competition, market players are adopting innovative strategies and technologies to reduce the production cost. Cost cutting and technological advancements across the market are likely to attract investors during the forecast period. For instance, Inbiose uses fermentation to produce human milk oligosaccharides, which is quite economical method in comparison to enzymatic and chemical synthesis.

In-Depth Research Report On Human Milk Oligosaccharides (HMO) Market:
https://www.grandviewresearch.com/industry-analysis/human-milk-oligosaccharides-market

Polyurea is Extensively Used in the Construction and Transportation Sectors

As per the findings of Grand View Research Inc., the global polyurea market stood at 114.3 kilo tons in 2014 and is projected to rise to 150 kilo tons by 2022. Polyurea is an elastomer obtained by a polyaddition reaction of aromatic isocyanate or aliphatic or of an isocyanate prepolymer with a polyfunctional mixture of amines, which are generally mixed in a ratio of 1:1. Inherent inertness of polyurea to various chemicals and fluids is promoting its applications in several industries. Besides this, the polymer offers several unique characteristics, including high thermal stability, fast curing time, and superior pigment compatibility.
Polyurea Market

The market is poised to amount to USD 936.7 million by 2022. Polyurea is extensively used in the construction and transportation sectors. Therefore, rapid infrastructural development such as commercial and residential buildings, bridges, parking lots, and roads, especially in emerging economies, is likely to stoke market growth. Surging use of protective coatings in the automotive industry for rust prevention and high durability is also anticipated to escalate the growth of the market.

Polyurea provides excellent adhesion to clean substrates such as bitumen, wood, blasted steel, and concrete and is, therefore, added to adhesive and sealant formulations on a large scale. The volume of polyurea-based adhesives and sealants used in 2014 summed up to 11.3 kilo tons. Expanding applications of adhesives and sealants as bonding agents in industries such as construction and automotive can augment the market. Rising industrialization worldwide is also playing an important role in the development of the market. Spiraling demand for linings to provide corrosion resistance and waterproofing qualities in fuel containers, chemical tanks, and metallic pipelines can drive the market.

The elastomer is environmentally safe due to its lower volatile organic compound (VOC) content. Growing investments in the construction of lining systems in practices including landfill control to promote environmental protection are expected to positively influence growth. Besides this, polyurea offers good aesthetic quality to surfaces such as walls and floors by imparting a glossy finish, which in turn can stir up its demand in landscape designing and other architectural designs.

On the other hand, strong presence of low-cost coating substitutes such as polyurethane and epoxy is one of the major stumbling blocks for polyurea manufacturers. Moreover, growing prominence of polyolefin-based lining systems in the mining and construction sectors can hamper growth prospects. Lack of standardization is encouraging the sales of poor hybrids, which is adversely affecting the growth of the market.

However, innovation in production methods of polyurea can spur its adoption in the near future. For instance, according to “Progress in Organic Coatings”, a paper published on ScienceDirect in May 2017, synthesis of phenalkamines from cardonal and their application as curing agents for blocked polyisocyanates can yield polyurea coatings with phenomenal mechanical and chemical properties.

The global polyurea market has been divided based on raw material, product, application, and geography. By raw material, the market has been bifurcated into aliphatic and aromatic. Demand for aliphatic is estimated to cross 45 kilo tons by 2022. In terms of product, the market has been classified into lining, coating, adhesives and sealants, and others. Key applications reviewed in the report are industrial, transportation, construction, and others. The volume of polyurea consumed in the transportation sector is expected to reach 28.6 kilo tons by 2022, exhibiting a CAGR of 4.0% between 2015 and 2022 (forecast period).

From a geographical standpoint, the market has been segmented into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America commanded 39.8% of the overall volume in 2014. The growth of the region can be attributed to presence of advanced automotive manufacturing infrastructure in U.S. and Mexico. Population growth and subsequent increase in the number of residential structures are also contributing to market growth in the region.

Asia Pacific is poised to post a CAGR of 5.9% in terms of volume during the same period. Flourishing construction industry in emerging economies such as India and China, owing to increasing investments in the development of urban areas, is one of the primary growth stimulants of the regional market.

Some of the key players in the global arena are Specialty Products Inc.; PPG Industries; VersaFlex Inc.; BASF; and LINE-X Protective Coatings.

In-Depth Research Report On Polyurea Market:
https://www.grandviewresearch.com/industry-analysis/polyurea-market

Oil Spill Management Market Hit USD 177.63 billion by 2025: Grand View Research, Inc.

15-October-2018: The global oil spill management market is predicted to touch a valuation of USD 177.63 billion by 2025 due to the rising incidence of oil spills, according to a report by Grand View Research, Inc. Oil spills occur due to the release of crude oil into oceans or coastal waters. This can be harmful to the marine ecosystem and may also end up harming birds and mammals that rely on these waters for food.


Oil Spill Management Market

The market is driven by government regulations permitting offshore and onshore drilling activities. Recent oil spill cases such as the Deepwater Horizon oil spill have led to the passing of stringent environmental policies. Investment in R&D by various companies for efficient oil spilling cleaning methods is expected to drive market growth over the forecast period (2014-2025). Demand for crude oil amid the growing energy crisis is also predicted to play a major role in boosting market demand.

In light of recent oil spills, major oil exploration and production (E&P) companies are creating strategies to respond better to situations. For instance, British Petroleum (BP) has provided training to its staff to handle such cases. The company has also created incident management teams to respond better by keeping open communication lines with situation-dependent team leaders. Aptomar, a Norwegian company, has developed field sensors to detect oil spills to forewarn management. In addition, its systems contain a user interface to monitor the spread of oil spills as well as detection of weather patterns.

The oil spill management market is segregated by technology, post-oil spill response technique, application, and region. By technology, the market is bifurcated into pre- and post-oil spill. Major post-oil spill response techniques comprise biological recovery, chemical recovery, and mechanical containment and recovery. Major applications are focused on two segments, namely pre-oil and post-oil spills.

Regions covered in the market report include Central and South America (CSA), North America, Asia Pacific (APAC), Middle East and Africa (MEA), and Europe. The North America market is expected to retain a major market share till 2025 on account of increased E&P activities. Offshore and onshore activities, as well as cases related to oil spill such as Marathon Oil, are predicted to contribute to its market revenue.

The Europe market is also expected to thrive over the forecast period due to various oil reserves in the North Sea. Technologies such as synthetic aperture radar (SAR) remote sensing technology or satellite remote sensing (SRS) are being considered to tackle oil spillage. Furthermore, tax incentives for decommissioning of oil fields is also anticipated to drive market demand for spill management technologies.

The APAC market is anticipated for high growth due to oil and gas production activities in South Korea, China, and India. This can be credited to tax incentives offered by the government for discovering gas reserves as well as the booming pre-oil spill management sector. The Indian market is attempting to create awareness with the help of Oil Spill India, a forum dedicated to prevention and management of oil spills. The MEA market is projected to accrue significant returns owing to demand for pre-oil spill management technology in Qatar and Saudi Arabia. The African market has high potential for growth on account of oil reserves in Algeria, Angola, and Nigeria. Nigeria, in particular, has created the National Oil Spill Detection and Response Agency (NOSDRA) to contain oil spillage and protect its after effects on surrounding flora and fauna.

Key market players include Hyundai Heavy Industries Co., Ltd., Fender & Spill Response Services LLC, Cameron International Corporation, National Oilwell Varco (NOV), and Osprey Spill Control, L.L.C. Mergers, acquisitions, and strategic alliances are strategies being employed by these players to sustain their hold.

Recently, NOV acquired Fjords Processing in order to attain the latter’s technology and processes related to oil and gas processing. This move allows the former to provide all manners of spilling management techniques. The formation of oil spill contingency plans by various nations to combat marine oil pollution is expected to play a key role in the players’ growth strategies.

In-Depth Research Report On Oil Spill Management Market:
https://www.grandviewresearch.com/industry-analysis/oil-spill-management-market

Thursday, 11 October 2018

Nitrocellulose Used in Various Industrial Sectors by Altering its Nitrogen Content Accordingly

11-Oct-2018: The global nitrocellulose market is projected to reach a valuation of USD 1.05 billion by 2024, according to a report by Grand View Research, Inc. Nitrocellulose is a compound derived by exposing cellulose to nitric acid or other nitrating agents. Its major uses include inks, coatings, and plastic films. It is used in various industrial sectors by altering its nitrogen content accordingly.

Nitrocellulose Market

 Demand for nitrocellulose inks from China, Colombia, and Vietnam is expected to drive market volume between 2014 to 2024 (forecast period). The adhesive properties and non-reactive nature of nitrocellulose is projected to drive overall market demand. Rise in printing ink applications are also expected to impact market growth in the forthcoming years. In addition, the superior properties gained by inks due to the integration of the compound in its formula are anticipated to affect market volume by 2024. Increased expenditure on infrastructural projects, especially in Asia Pacific, is projected to play a key role in market growth. While strict regulations regarding its use may hamper market demand, the growing rate of industrialization can, nevertheless, create market opportunities.

The growing trend of electrophoretic coating as a primer in the automotive industry is expected to open up new market avenues. The medical sector has shown high demand for nitrocellulose membranes for Western blotting assays. The compatibility of the compound with detection methods such as fluorescence and chemiluminescence makes it a foremost option for protein blotting.

The defense and aerospace industry has also shown rising scope for the application of nitrocellulose. Need for smokeless propellants in guns is predicted to augur well for market demand. In addition, nitrocellulose is being used in propellants, a vital component of military and civilian applications such as aircraft ejection seats, rocket propellants, and gas generators. Recently, BAE Systems availed a government contract for a new nitrocellulose plant at Radford Army Ammunition Plant in Virginia, U.S. Efforts such as these are sure to benefit the market.

The nitrocellulose market is segregated on the basis of application and region. Major market applications include nail varnishes, leather finishes, automotive paints, wood coatings, and printing inks. Printing inks was one of the largest market segments in 2015 due to their application in flexography and gravure printing in the packaging industry. It is expected to capture over 27% market share by 2024. The wood coatings segment is anticipated to hold over 20% market share in the same year.

Regions covered in the report include North America, Latin America, Middle East and Africa (MEA), Asia Pacific (APAC), and Europe. The APAC market is expected to witness tremendous growth over the forecast period due to the propagation of leather and automotive sectors in Vietnam and India respectively. It reportedly accounted for over 50% market demand in 2015. The expanding printing inks industry in China is touted to be one of the major drivers of the APAC market during the forecast period.

Europe has acquired a significant share in the market so far but may yield to Latin America and APAC due to greater demand in these regional markets. The MEA market is anticipated to witness slow growth in the coming years, but will still hold promise thanks to economies in United Arab Emirates (UAE) and Saudi Arabia. The South Africa market is touted to expand due to proliferation of inks and coatings companies. Joint ventures are prominent as is evident with the agreement signed between Flint Group and Eagle Ink Systems as well as Continental Printing Inks.

The Latin America market is predicted to be led by Brazil due to increasing production of trailers and motor vehicles. The Mexican market is also projected to exhibit high growth. Nitrocellulose  is a vital component in lacquer paints used on guitars to increase their shelf life. Considering that Mexico is a major hub of guitar making, demand for nitrocellulose-based varnishes is sure to drive the regional market.

Prominent market players include Abu Zaabl Co. for Specialty Chemicals, Hagedorn- NC GmbH, TNC Industrial Co., Ltd., Atomax Chemicals Co., Ltd., and Nitrochemie AG. Companies are attempting to control market prices by integrating their value chain. Mergers and acquisitions are being resorted to to sustain market hold. For instance, Nitro Quimica recently acquired Alchemix Corporation, effectively expanding its product portfolio.

In-Depth Research Report On Nitrocellulose Market:
https://www.grandviewresearch.com/industry-analysis/nitrocellulose-market

Injection Molded Plastics Market is Anticipated to Reach USD 295.89 Billion by 2022 : Grand View Research, Inc.

11-October-2018: According to a report by Grand View Research, Inc., the global injection molded plastics market is anticipated to reach USD 295.89 billion by 2022. The process of injection molding involves injecting molten plastic into a mold through heat and solidifying the product later on. Diminishing production error is likely to enhance the significance of advanced technology in mass production of plastic products.

Injection Molded Plastics Market

High demand for plastic components in various end-use industries such as automotive, electronics, medical, and packaging is expected to drive growth. Properties like minimum waste production, faster production, and low labor cost can augment the need for injection molded plastics. Growing adoption of biodegradable polymers in medical devices owing to tough government regulations can impel demand. Moreover, increasing usage of plastics in the automotive sector to enhance performance and reduce weight is expected to contribute well to product demand.  

The worldwide polyurethane market can be segmented on the basis of product, application, and region. Based on application, the market can be segregated into automotive, building & construction, medical, consumables & electronics, and packaging. Based on raw material, the market can be divided into polypropylene, acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), and polystyrene. Propylene is a major raw material for injection molded plastics and accounted for 35% of the total demand in 2014. It is commonly used in packaging material, automotive parts, and household goods. On the other hand, growing use of electronic housings and medical devices is likely to propel the demand for ABS during the forecast period (2017 to 2022).
             
Considering the demand, most manufacturing companies are investing in advanced machinery to create better products for consumers. For instance, a leading supplier of machinery, parts, and services named Cincinnati Process Technologies (CPT) recently announced the inclusion of a new line of injection molding machines by Asian Plastic Machinery (AP). The Super Master EV2 Series machines are equipped with high precision servo drive system and proprietary servo controller. They offers precision, speed, repeatability, and temperature control. Rapid clamping moment helps in reducing clamping time and noise levels. The new line is likely to save around 80 per cent water and energy usage.  

Growing environmental concerns regarding disposal of major raw materials such as propylene, styrene, and benzene, along with volatility in their prices, are expected to hinder market growth over the forecast period. However, most manufacturing companies are likely to shift their focus to bio-based plastics. Moreover, increasing use of injection molded plastics in automotive components and medical devices is likely to create lucrative opportunities for several manufacturers in the industries.

Regional segmentation of the global market includes North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. In the global arena, Asia Pacific dominated the market and accounted for 35% of the total revenue in 2014. Market growth in this region is anticipated to witness high demand from the automobile sector and owing to rising infrastructure investment. Tax benefits offered to manufacturers by the government in countries such as India, China, Indonesia, and Thailand is likely to expand the market. Increasing number of manufacturing bases for the automobile and electronics industries can augment the demand for injection molded plastics.

In Europe, high demand for end-use products such as pharmaceutical, household chemicals, cosmetics, and toiletries is expected to propel the regional market to reach USD 75.10 billion by 2022. North America is facing high demand for injection molded plastics in multiple industries such as automotive and packaging.

Some of the prominent players operating in the market for injection molded plastics are Huntsman Corporation, Dow Chemicals, LyondellBasell, Eastman Company, and BASF.

In-Depth Research Report On Injection Molded Plastics Market:
https://www.grandviewresearch.com/industry-analysis/injection-molded-plastics-market

Tuesday, 9 October 2018

Growing demand for durable and lightweight materials is expected to Drive Polyurethane (PU) Market Growth

9-October-2018: According to a report by Grand View Research, Inc.; the global polyurethane (PU) market is absolute in nature. It is anticipated to reach USD 105.2 billion by 2025. Growing demand for durable and lightweight materials from multiple end-user industries is expected to bode well for the market over the forecast period (2014 to 2025). Some major industries like construction, automotive, footwear, and furniture use polyurethane as a raw material for producing various end-user products. This factor is anticipated to impel market in near future.

Polyurethane (PU) Market

Increasing demand for lightweight and long-lasting products by consumers is likely to augment the use of polyurethane in various industries. Properties like high flexibility and impact resistance in elastomers make it a valuable raw material for the automobile industry. Rigid and flexible foams of polyurethane are used to manufacture thermally insulating products owing to their structural stability. Considering the industrial demand for various foams of polyurethane, most manufacturing companies are investing hugely in R&D to create a better product for the consumers.

For instance, Day & Night Solar (DNS) has built a solar photovoltaic mobile electric generator and named it Sun Commander Series 8000. The retractable array framework of this generator is made from polyurethane composites owing to its strength, lightweight, and corrosion resistance. DNS has used pultrusion to produce polyurethane composites, which helps in reducing weight of the generator by ½ ton. Recently in Puerto Rico, there was a major devastation due to Hurricane Maria. This product played a major role in rebuilding that U.S. territory by providing electricity.

Frequent changes in raw material prices and critical environmental concerns can create some issues for manufacturers. Toluene diisocyanate (TDI) and Methylenediphenyl diisocyanate (MDI) are the two major types of isocyanates, which are used for producing polyurethane. The prices for MDI and TDI keep on fluctuating with a change in the price of Benzene. However, rising standard of living and disposable income are likely to create opportunities for the manufacturing companies.

The worldwide polyurethane market can be bifurcated on the basis of product, application, and region. Based on product, the market can be divided into rigid foam, flexible foam, coatings, adhesives & sealants, and elastomers. Rigid and flexible foam are dominating the market owing to their structural stability that helps produce thermally insulating products. In addition, elastomers offer combined properties of rubbers and plastics such as high flexibility and impact resistance.

Such useful properties allow elastomers to be used in multiple end-user applications, which is likely to grow the demand for elastomers in coming years. It is anticipated that the segment can grow at a CAGR around 6% over the forecast period. Furthermore, advanced technologies such as poly-aspartic and 2K waterborne polyurethane technology are supporting the development of eco-friendly coatings. Such environment-friendly coatings are expected to bode well for the market growth during the forecast period.

Based on application, the market can be divided into construction, automotive, furniture, electronic appliances, footwear, and packaging. Moreover, regional segmentation includes Europe, America, Asia Pacific, and Africa. In the global arena, Asia Pacific is expected to dominate the market owing to support from local government, availability of raw materials, and access to skilled workforce. Recent introduction of new scheme called Make in India is likely to foster investments in domestic manufacturing and automotive sectors.

In addition, Central and South America are witnessing constant growth from past few years owing to increase in the consumption of polyurethane by automotive OEM’s in Columbia. The manufacturers here are adopting polyurethane as raw material to reduce production cost. This regional segment is anticipated to grow at a CAGR around 5.5% during the forecast period. On the other hand, European countries like Poland, Hungary, and Slovakia are expected to witness remarkable growth owing to high construction investments and growing demand for rigid polyurethane foam.

Moreover, Africa is also facing a huge demand for polyurethane foams in multiple industries such as furniture, automotive, and electronic appliances, which can further augment the market growth in coming years.

Some of the prominent companies operating in the market for polyurethane include Covestro, Huntsman Corp., Mitsubishi Chemical Corp, Eastman Chemical Co., and Lubrizol Corp.

In-Depth Research Report On Polyurethane (PU) Market:
https://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

Monday, 8 October 2018

Polymethyl Methacrylate (PMMA) Market is Projected to Rise to USD 8.16 Billion by 2025

9-October-2018: According to a report by Grand View Research, Inc.; the global polymethyl methacrylate market is projected to rise to USD 8.16 billion by 2025. The market is an emerging segment of the global synthetic resin market. Polymethyl Methacrylate (PMMA) is a synthetic resin produced by polymerizing methyl methacrylate. It finds application across several industrial verticals owing to its inherent advantageous characteristics, including durability, excellent abrasion resistance, and high chemical and thermal resistance. It is over 40 percent lighter than glass and offers enhanced rigidity, transparency, and toughness. PMMA emits less amount of smoke while processing, conforming to strict manufacturing and emission norms.

Polymethyl Methacrylate (PMMA) Market

LCD light guides manufactured using PMMA are more luminous than conventional guide panels. Therefore, spiraling demand for LCD light guides can augment the market over the forecast period (2014 to 2025). Besides this, increasing demand for LED flat screens in Asia Pacific can support the growth of the market. Growing digitization of rural areas is driving the need for attractive advertising options, which, in turn, is fueling the demand for PMMA in lighting, signs and displays, and similar applications.

Moreover, rising uptake of polymethyl methacrylate dermal fillers can propel the market. These fillers are FDA approved and are used in the treatment of imperfections such as wrinkles, skin folds, scars, and furrows. Rapid growth of end-use industries is also anticipated to stoke the growth of the market. The synthetic resin is being increasingly used in research and development activities. To put this in perspective, in October 2017, a team of researchers from Rice University and Los Alamos National Laboratory developed a technique that will probe atom-thick materials to measure the amount of hydrogen produced. Submicron holes will be drilled, through an insulating layer of PMMA, using an electron beam to probe particular areas of nanoscale flakes.

In addition, widening scope of applications is translating into the greater uptake of the synthetic resin. For instance, researchers from the National Organization Kyoto Medical Center designed and used a lens for observing fundus with a noncontact wide-angle viewing system. The lens has a fine meniscus made of PMMA and a large outer diameter. Apart from this, in May 2017, Kuraray developed a polymer, Kurarity, which is a combination of polymethyl methacrylate and hydrogenated rubber. The combination renders Kurarity clear and moldable, thereby allowing its application in manufacturing removable labels or painter’s tape.

On the flip side, scarcity of raw materials required for the production coupled with their protean prices can inhibit market over the forecast period. Nevertheless, to address volatile prices of raw materials, manufacturers are shifting their focus towards bio-based alternatives. This, in turn, is likely to unfold tremendous growth opportunities for the market. Bio-based raw materials such as methyl methacrylate from renewable organic feedstock are used for the production of eco-friendly PMMA. Furthermore, manufacturers are allocating hefty funds to R&D activities and focusing on capacity expansion, which will augur well for the market.

The global polymethyl methacrylate market has been segmented on the basis of product, end use, and region. Based on product, the market has been classified into extruded sheets, acrylic beads, pellets, and others. In terms of end use, construction, automotive, signs and displays, electronics, and others are the major market segments.

Key regions reviewed in the report are North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa. The growth of markets in North America and Europe can be attributed to presence of a large number of key manufacturers and rapid technological advancements to enhance processing capacities. Asia Pacific is expected to exhibit high potential during the forecast period. Flourishing growth of end-use industries due to improving economic conditions is supplementing the growth of the region. Moreover, growing investments by international players to augment their production capacities in the region are estimated to contribute to the market growth.

Emerging players are focusing on development of novel production technologies to give a stiff competition to established players. Some of the prominent companies operating in the global polymethyl methacrylate market are Mitsubishi Rayon Group,Evonik Industries AG,The Dow Chemical Company,Arkema SA, and Sumitomo Chemical Company Ltd.

In-Depth Research Report On Polymethyl Methacrylate (PMMA) Market:
https://www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry