The global polymethyl methacrylate (PMMA) market size was estimated to be US$ 3.9 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 6.4%.
PMMA is a climate cordial, 100% biodegradable as well as recyclable material. PMMA is utilized in different businesses, for example, automotive sector, electrical and electronics munition, equipment utilized in construction activities, signs and shows boards of various sorts, sterilizing products post corona virus outbreak, and so forth.
It is accessible in two grades and can be further sorted into general utilization and optical grade, dependent on its utilization. PMMA is made in four structures including expelled sheet, pellets or gums, globules (powder) and cell cast sheets and squares. It works efficiently during customization for vehicles of all kinds, attributable to its extraordinary formability, wonderful molding properties, and great surface hardness. The betterment of electric vehicles since past few years is relied upon to keep on acquiring pace later.
Polymethyl Methacrylate (PMMA) is a thermoplastic polymer of Methyl Methacrylate (MMA). The worldwide PMMA market is relied upon to be driven by the development in end client businesses like hardware, cars, and real estate, where PMMA is utilized in television screens, exterior surfaces of devices, window panels, light boards, coating, and emulsions among different functionalities.
Besides, acquiring technology combined with a wide scope of utilization of PMMA is relied upon to back up the market development during the forecast period of 2022-2032. However, the lack of crude material for the creation of PMMA is the significant restriction for the market development. Because of the shortage of crude material, makers cannot create the material in aggregative scale. The insufficiency of crude material observed since past few years is the significant restriction for the market development. Investigation has been carried out to foster PMMA from plant sugars through fermentation. This may tackle the crude material availability issues and guarantee secure along with non-hazardous crude material availability.
The Regulations and guidelines implemented by governments worldwide to utilize non-hazardous polymers further is anticipated to build the improvement of polymethyl methacrylate. Be that as it may, the current pandemic of Covid is relied upon to hamper the interest of consumers worldwide, for new airplane during the coming years. The driving and limiting components for this market are deliberately managed with the help of investigation and accentuation, fixated on its development opportunities during 2022-2032.
Global PMMA Market Value Share Analysis, by Geography (2021)
The report titled “Global PMMA Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global PMMA Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global PMMA market is segmented based on Product Type, End user, and region. Based on Product Type, the PMMA market is segmented into Extruded Sheets, Pellets, Acrylic Beads, Others. Based on End user type, the PMMA market is segmented into Automotive, Construction, Electronics, Signs & Displays, Others. Based on geography, the Global PMMA Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global PMMA Market. Further, market share of prominent companies in the Global PMMA Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the PMMA companies. The Global PMMA Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the PMMA business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global PMMA Market.
The key players of the Global PMMA Market are Asahi Kasei Corporation, Evonik Industries AG, Kolon Industries, Inc., GEHR Plastics, Inc., Chi Mei Corporation, Mitsubishi Rayon Co., Arkema Group, Ltd., Sumitomo Chemical Co., Ltd., Quinn Plastic, Polycasa N.V, Saudi Arabia Basic Industries Corporation, and LG MMA Corporation, and others.
Global PMMA Market Key Segments:
Based on Product Type
Based on End user
By Region
The global Polymethyl methacrylate market was worth US$ 7.7 billion in 2020.
The global market for Polymethyl methacrylate will most likely expand at over 6.4% CAGR through 2032.
Asahi Kasei Corporation, Evonik Industries AG, Kolon Industries, Inc., GEHR Plastics are the top 5 Polymethyl methacrylate manufacturers.
The worldwide PMMA market is relied upon to be driven by the development in end client businesses like hardware, cars, and real estate, where PMMA is utilized in television screens, exterior surfaces of devices, window panels, light boards, coating, and emulsions among different functionalities.
Based on type, the Polymethyl methacrylate market is segmented into Extruded Sheets, Pellets and Acrylic Beads.
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