Synthetic & Bio PMMA Market worth over $11bn by 2022
Published Date: April 12, 2017 Authors: Kunal Ahuja, Kritika Mamtani
Synthetic & Bio PMMA Market size should exceed USD 11 billion by 2022; according to a new research report by Global Market Insights, Inc.
Growing consumer awareness pertaining to lightweight commercial vehicles with better fuel efficiency along with strict regulations to control pollution levels should drive industry growth for transportation and automobile applications. It is preferably used due to certain properties such as low cost and easy processing, and handling.
Strong application scope in construction, automotive, signs & displays should drive product demand. Increasing demand for outdoor signage & light box, displays, and door & window cover may fuel extruded PMMA sheets market growth.
Healthcare applications may witness significant gains at over 5.5%. Positive indicator in healthcare & medical industry in manufacturing cuvettes, syringes, dentures, and bone cements should drive product demand.
Methanol, acetone, and ammonia are key raw materials used for manufacturing process which generate toxic waste & possess environmental threat, may challenges industry profitability and affect PMMA market price trend. However, strict government guidelines to control GHG emissions should favor biobased PMMA market size.
Browse key industry insights spread across 190 pages with 256 market data tables & 19 figures & charts from the report, “Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size By Product (Extruded Sheets, Pellets, Beads, Cell Cast Sheet & Blocks), By Application (Automotive, Electronics, Construction, Signs & Display), Industry Analysis Report, Regional Outlook, Downstream Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2015 - 2022” in detail along with the table of contents:
U.S. polymethyl Methacrylate demand from construction applications is set to exceed USD 200 million by 2022. It is used for making door panels and windows which protects against UV and chemical resistance and other climatic conditions.
China PMMA market size expects gains at above 7.5%. Increasing LED panels demand in manufacturing TVs and flat screens should drive regional growth. Increasing disposable income levels along with rapid industrialization should drive regional product demand.
Europe PMMA market size from electronics applications should witness gains at over 4%. Properties like scratch resistance, light transmission, and surface hardness may favor product demand in electronics industry for display units in this region.
Polymethyl methacrylate beads may witness highest gains over the forecast timeframe. They are used as functional additives in industrial & architectural coatings, ceramics, and adhesive applications.
Automotive applications in Brazil may witness significant gains at over 6.5%. Increasing consumer awareness towards lightweight vehicles along with demand for better fuel efficiency should drive polymethyl methacrylate market size.
PMMA Pellet may witness significant gains as it finds usage in sign & display, healthcare, automotive, and fashion & apparels industry. These products are available in different color variety and have the property to be modified in desired size & shapes.
Global PMMA market share is moderately concentrated with top four companies catering to majority of the industry demand. Mitsubishi Rayon, Arkema, Sumitomo Chemicals, Chi Mei Corp Evonik, Kuraray Group, SABIC, LG MMA, Makevale Group, and Dow Chemical are some of the key industry participants.
Synthetic and bio PMMA market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2012 to 2022, for the following segments:
Synthetic & Bio PMMA Market By Product
- Extruded sheets
- Cell cast sheet & blocks
Synthetic & bio PMMA Market By Application
- Signs & display
- Rear/sidelight units
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Central & South America (CSA)
- Middle East & Africa (MEA)
- Saudi Arabia