Key Players in the Market: Evonik (Germany), Arkema (France), Polycasa (U.K.), Mitsubishi Rayon (Japan), Sumitomo Chemical (Japan), Chi Mei (Taiwan) and others.
(PRWEB) January 12, 2015
The research report, “PMMA Market”, defines and segments the market with an analysis and forecast of the market size by volume and value. The PMMA market size in terms of value is projected to reach $7.4 billion by 2019, at a CAGR of 6.1%.
Browse 84 Market Data Tables and 50 Figures spread through 145 Pages and in-depth TOC on “PMMA Market”.
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The PMMA market is mainly driven by rise in demand for LED flat screens, increasing R&D activities by manufacturers, and increasing demand for PMMA in automotive, solar, and other sectors. Major factor restraining the market is fluctuations in prices of methyl methacrylate (MMA) which is used as the raw material for PMMA production. The opportunity for the PMMA producers lies in producing bio-based PMMA, and exploring innovative applications of PMMA which can be the new revenue pockets in the future.
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Signs and displays is the major application of PMMA followed by construction and automotive. PMMA demand in the signs and display segment has increased rapidly due to the fact that signage offers greater flexibility with better display of information and communication. Electronics is the fastest-growing segment with a CAGR of 6.8% (by volume) between 2014 and 2019. PMMA is used in LED screens in various electronics equipments. Growth of the electronics industry in India, China, and Taiwan will contribute towards the demand for PMMA.
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The report covers the PMMA market and its trends in four regions: North America, Europe, Asia-Pacific, and Rest of the World (ROW). The market has also been analyzed on the basis of grade and forms. PMMA grade includes optical grade and general purpose grade. While PMMA forms include extruded sheets, cell cast and blocks, pellets and beads. Applications, such as signs and displays, construction, automotive, lighting fixtures, sanitary ware, and electronics have also been studied and included in this report.
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