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.
 |
U.S. PMMA market revenue by product, 2014 - 2025 (USD Million)
|
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.
In depth research report on Polymethyl Methacrylate (PMMA)
Market
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
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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
CSA
o
Brazil
·
MEA
o
Saudi Arabia
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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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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