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Polymethyl Methacrylate  Market by Grade , Form , and Application  - Global Trends & Forecasts to 2021

Polymethyl Methacrylate Market: Forecasts until 2021

  • August 2016
  • 141 pages
  • ID: 4042224
In this report:
The market size was USD ##.## million in 2015 and is expected to grow at CAGR of ##.##%, during the forecast period.
The market is expected to witness slow to moderate growth during the forecast period because of reduced usage of plastic products in the region and stringent government rules regarding specifications & grades of plastics used in various end-use products.
Electronics and automotive are the fastest-growing end-use industries for which the market is expected to grow at CAGR of ##.##%, by volume, during the forecast period.


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The market size of PMMA was ~$4.2B in 2015 and is projected to extend ~$5.6B by 2021, at a compound annual growth rate of 4.70 percent between 2016 and 2021. The sector is largely driven by the raised demand from end-use markets. Additionally, the increasing demand for high quality thermoplastics increases the demand of PMMA, globally.

"Electronics, the quickest-increasing application of PMMA"

PMMA-based products form a main part of the electronics industry due to its optical properties, strength, structural stability, durability, and resistance to chemical and weathering among others, making them suitable for several applications. They are widely used in LED screens, LCD screens, appliances parts & accessories, and cover panels. Increasing demands for electronic devices in APAC are anticipated to boost the industry for PMMA in the electronics segment.

"Asia-Pac to lead the sector during the outlook period"

The growing demand for high quality plastics is driving the industry for PMMA in Asia Pacific (APAC). The sector in the territory is mainly influenced by the raised demand from China (CN) and India (IN), where China (CN) is the biggest market. The main end-use sectors, that is, automotive and electronics are gaining momentum in the area, which is growing the demand of PMMA. Moreover, the increasing demand from the construction industry is forecasted to boost the industry for PMMA in the territory.

In the process of finding out and checking the market value for the different segments and sub-segments collected by secondary research, extensive primary audit sessions have been conducted as follows:

- By Company Type: Tier 1 (37.0 percent), Tier 2 (50.0 percent), and 1/3 3 (13.0 percent).

- By Designation: C-level (50.0 percent), Director Level (31.0 percent), and Others (19.0 percent)

- By area: North america (NA) (28.0 percent), Europe (33.0 percent), Asia-Pacific (22.0 percent), Latin America (11.0 percent), and the Middle East & Africa (6.0 percent).

Different main actors decribed in the analysis contain Arkema (AKE), Evonik Industries , Mitsubishi Rayon Co., Limited, Saudi Arabia Basic Industries Corporation, Sumitomo Chemical Co., Limited, Asahi Kasei Corporation, Chi Mei Corporation, GEHR Plastics, Incorporated, and Kolon Industries Inc..

Why acquiring this study can help you:

This market research is mostly focused on several levels of analysis-industry trends, market share study of the top actors, supply chain research, and company descriptions, which together comprise and examine the global views on the competitive landscape; coming out and high-growth segments of the PMMA market; high-growth areas; and sector drivers, market restraints, and alternatives.

The market research offers business insights on the following:

- Business entry: Exhaustive information on PMMA provided by the top players in the overall PMMA market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the PMMA market

- Industry development: Highlighted information about lucrative emerging markets-the report examines the sector for PMMA in several areas

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall PMMA market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the PMMA market

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