The global demand for Polymethyl Methacrylate Market is presumed to reach the market size of nearly USD 9.79 MN by 2028 from USD 6.2 MN in 2021 with a CAGR of 6.72% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Million Square Meter in 2021 and forecast to touch XX Million Square Meter by 2028 with a CAGR of XX% during 2022-2028.
Polymethyl Methacrylate (PMMA) is a synthetic resin made from methyl methacrylate polymerization. Shatterproof windows, skylights, illuminated signs, and aeroplane canopies are made of polymethyl methacrylate. PMMA is a methacrylic acid ester (CH2=C[CH3]CO2H) that belongs to the significant acrylic resin family. Propylene, a chemical derived from the lighter portions of crude oil, is used mainly in the modern manufacturing of polymethyl methacrylate. PMMA is a hard, brittle material. It also has a nearly perfect visible light transmission and because it retains these properties even after prolonged exposure to ultraviolet radiation and weather. Also, it is an excellent glass alternative.
Market Dynamics
The PMMA LCD light guide produces a brighter light than traditional guide panels. As a result, PMMA is widely employed in LCD light guides, and the LCD market's expansion also drives the PMMA market. PMMA's advanced uses in the electronic and automotive markets are further increasing its popularity. The scarcity of raw materials for the manufacturing of PMMA is a major stumbling block to the market's expansion.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polymethyl methacrylate. The growth and trends of Polymethyl Methacrylate Industry provide a holistic approach to this study.
Market Segmentation
This section of the polymethyl methacrylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Automotive
- Electronics
- Construction
- Signs & Displays
- Sanitary Ware
- Lighting Fixtures
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polymethyl Methacrylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Polymethyl Methacrylate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polymethyl methacrylate market include Arkema SA, Chi Mei Corporation, Kuraray Co Ltd., Asahi Kasei Corporation, Evonik Industries AG, Makevale Group, Quinn Plastic, Saudi Basic Industries Corporation (Sabic), LG MMA Corporation, Mitsubishi Rayon Co. Ltd, and Sumitomo Chemical Company Limited. Mitsubishi Rayon and Saudi Basic Industries Corporation (SABIC). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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