Polymethyl Methacrylate Market Estimated to Reach $8.16 Billion By 2025: Grand View Research, Inc.

 Polymethyl Methacrylate Market Estimated to Reach $8.16 Billion By 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research, the growing demand for LED flat screens in Asia Pacific is projected to propel polymethyl methacrylate market demand over the coming years.

According to a report,“Polymethyl Methacrylate (PMMA) Market Analysis By Product (Extruded Sheets, Pellets, And Acrylic Beads), By End-Use (Automotive, Construction, Electronics, Signs & Displays), Competitive Landscape, And Segment Forecasts 2018 – 2025”, published by Grand View Research, Inc., The global polymethyl methacrylate (PMMA) market is anticipated to reach USD 8.16 billion by 2025. The growing demand for LED flat screens in Asia Pacific is projected to propel market demand over the coming years.

Key Takeaways from the report:

  • In terms of revenue, the global PMMA market is projected to grow at a CAGR of 7.5% from 2016 to 2025

  • The growing demand for sophisticated infrastructure along with presence of major automotive OEMs is anticipated to boost the demand for acrylic beads

  • The signs & displays segment is projected to grow at the CAGR of 7.8% owing to increasing demand for commercial billboards, display cabinets and leaflet dispensers

  • North America and Europe are characterized by presence of leading resin manufacturers and technological capabilities of further processing these resins for end-uses

  • Sluggish economic growth and Brexit are likely to affect industrial output in Europe, which in turn is expected to be a challenge for industry growth in the region

  • Asia Pacific is projected to grow at the highest CAGR of 7.0% on account of increasing investments in renewable energy infrastructure and commercial projects undertaken in China, India, and Japan

  • The polymethyl methacrylate market exhibits significant untapped potential in medical applications and ample scope in the sanitary ware industry for shower & bath installations

  • New market entrants are actively engaged in the development of novel production technologies to improve process efficiency and reduce operational costs

  • Influential companies include Evonik Industries AG, Mitsubishi Rayon Group, Arkema SA, Kuraray Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, SABIC and Asahi Kasei Corporation among others

U.S. PMMA market revenue by product, 2014 – 2025 (USD Million)

 U.S. PMMA market revenue by product, 2014 - 2025 (USD Million)

Browse More Reports in Plastics, Polymers & Resins:

  • Medical Polymers Market: The rising demand for medical devices and equipment in the healthcare sector owing to increasing prevalence of diseases is anticipated to drive the growth of the global medical polymers market.
  • Pentaerythritol Market: Strong shift towards the use of pentaerythritol as a substitute for electrical transformer fluid is expected to drive global pentaerythritol market.

The PMMA industry has shifted its focus toward developing bio-based alternatives to combat volatile raw material prices. Eco-friendly PMMA is now being developed with the introduction of bio-based raw materials such as MMA from renewable organic feedstock. This in turn is anticipated to provide lucrative growth opportunities for new entrants.

Extruded sheets are expected to remain the dominant product segment with nearly 50% of the volume share in 2015. Extruded sheets have a better tolerance on thickness, typically +/-10%, as compared to cast acrylic sheets. The product is also expected to witness growth on account of its high transparency that makes it ideal for signs & displays in the advertising sector.

PMMA market volume share by end-use, 2015

 PMMA market volume share by end-use, 2015

Grand View Research has segmented the PMMA market on the basis of product, application and region:

PMMA Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Extruded Sheets

  • Pellets

  • Acrylic Beads

  • Others

PMMA End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Automotive

  • Construction

  • Electronics

  • Signs & Displays

  • Others

PMMA Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • CSA

    • Brazil

  • MEA

    • Saudi Arabia

Explore polymethyl methacrylate market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry