Polymethyl Methacrylate Market – Global Industry Analysis and Forecast (2023-2029)

Polymethyl Methacrylate Market (PMMA) was valued at US$ 5.28 Mn in 2022 and is expected to reach US$ 7.31 Mn by 2029 at a CAGR of 4.75% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Polymethyl Methacrylate MarketTo know about the Research Methodology:-Request Free Sample Report

Polymethyl Methacrylate Market (PMMA)Dynamics:

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Polymethyl Methacrylate (PMMA) market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Polymethyl Methacrylate (PMMA) market. Polymethyl methacrylate is a synthetic resin produced by the polymerization reaction of methyl methacrylate. It is transparent, rigid, and clear plastic usually used as a shatterproof replacement of glass (windows, skylights, laminated signs & aircraft canopies, etc.). This plastic material has proved to be an economical alternative for polycarbonate when tensile strength, transparency, polishing & UV resistance is more important than impact strength and resistance to chemicals & heat. Moreover, mechanical and optical property degradation caused by UV exposure is minimal with PMMA. Such characteristics have enabled the PMMA applications in various end-use industries such as construction, signs & displays, automotive, and electronics industry. The rise in demand for lightweight automotive elements to improve fuel efficiency & reduce carbon emissions is likely to boost the demand over the forecast period. The product is widely used in automotive applications comprising windshields & sun visors, caravan windows, taillights & headlights, and automotive glazing, among others. Growth in PMMA demand from the construction industry is largely influenced by prevailing macroeconomic conditions and is subject to vary in different parts of the world. Growing demand from end-use industries & Increasing demand for LED flat screens are the major drivers fueling the growth of the market. The fluctuating feedstock prices hindered the growth of the market during the forecast period, as due to lack of raw material, manufacturers are unable to produce material in bulk. The rapid development of optoelectronics in terms of technology and adaptability and Growing R&D investments in bio-based PMMA are expected to provide lucrative opportunities for the market. The manufacturing key players are focusing on developing new products through R&D activities to gain a competitive scope in the market.

Polymethyl Methacrylate Market (PMMA)Segment Analysis:

Based on form, the Extruded sheet is the largest and widely used form of PMMA due to its many applications, thereby increasing its demand. Because of its easy fabrications, high gloss surface, weather-resistant, excellent clarity, and other properties. The tremendous thickness tolerance provided by these sheets makes them ideal for end-users where complex shapes are required. Moreover, extruded sheets also provide cost-efficiency since they are produced using longer and economical techniques. In terms of application, Signs & displays is the largest application that holds the largest share in the market during the forecast period. Due to excellent properties such as durability, resistance to chemicals and weathering, strength, and ease of processing, which makes them suitable for making instruction boards, advertising boards, display boards, and signage. Additionally, the rapidly growing demand for lightweight parts in vehicles to reach fuel-efficiency is boosting PMMA consumption in the automotive industry. Automotive glazing is a widespread application among manufacturers owing to the high weathering & UV resistance of this product, along with optimum acoustic properties. Geographically, Asia Pacific holds the highest market during the forecast period, in terms of value and volume. The APAC region, particularly the Chinese market is the biggest market consumer of PMMA, accounting for about 66% of the total market. 2022 was a strong year for the European and North American auto industry and therefore for the development of PMMA. After APAC, Europe accounts for 17% and North America accounts for 15% are the most important sales region of the PMMA molding compound and semi-finished products.

Key Highlights:

Global Polymethyl Methacrylate Market (PMMA) analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Polymethyl Methacrylate Market (PMMA) Global Polymethyl Methacrylate Market (PMMA) segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. The Global Polymethyl Methacrylate Market (PMMA) strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Polymethyl Methacrylate Market (PMMA) analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Polymethyl Methacrylate Market (PMMA) are also profiled.

Scope of the Global Polymethyl Methacrylate Market (PMMA): Inquire before buying

Global Polymethyl Methacrylate Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.28 Mn.
Forecast Period 2023 to 2029 CAGR: 4.75% Market Size in 2029: US $ 7.31 Mn.
Segments Covered: by Form Extruded Cast Acrylic Pellets Beads Others
by Application Signs & Displays Construction Automotive Others
by Grade General purpose grade Optical grade

Global Polymethyl Methacrylate Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players

1. Mitsubishi Rayon Co. Ltd 2. Sumitomo Chemical Co., Ltd 3. Chi Mei Corporation 4. Evonik Industries AG 5. Kolon Industries, Inc. 6. Polycasa N.V. 7. Saudi Arabia Basic Industries Corporation 8. Gehr Plastics, Inc. 9. Kuraray Group 10. The Dow Chemical Company 11. Arkema SA 12. Asahi Kasai Corporation 13. LG MMA Corp. 14. Makevale Group

Frequently Asked questions

1. What is the market size of the Global Polymethyl Methacrylate Market in 2022? Ans. The market size Global Polymethyl Methacrylate Market in 2022 was $ 5.28  Million. 2. What are the different segments of the Global Polymethyl Methacrylate Market? Ans. The Global Polymethyl Methacrylate Market is divided into Form, applications 3. What is the study period of this market? Ans. The Global Polymethyl Methacrylate Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Polymethyl Methacrylate Market share? Ans. The Asia Pacific dominates the market share in the metal market. 5. What is the Forecast Period of Global Polymethyl Methacrylate Market? Ans. The Forecast Period of the market is 2023-2029 in the metal market.
1. Global Polymethyl Methacrylate Market: Research Methodology 2. Global Polymethyl Methacrylate Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Polymethyl Methacrylate Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Polymethyl Methacrylate Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Polymethyl Methacrylate Market Segmentation 4.1 Global Polymethyl Methacrylate Market, by Form (2022-2029) • Extruded • Cast Acrylic • Pellets • Beads • Others 4.2 Global Polymethyl Methacrylate Market, by Application (2022-2029) • Signs & Displays • Construction • Automotive • Others 4.3 Global Polymethyl Methacrylate Market, by Grade (2022-2029) • General purpose grade • Optical grade 5. North America Polymethyl Methacrylate Market(2022-2029) 5.1 North America Polymethyl Methacrylate Market, by Form (2022-2029) • Extruded • Cast Acrylic • Pellets • Beads • Others 5.2 North America Polymethyl Methacrylate Market, by Application (2022-2029) • Signs & Displays • Construction • Automotive • Others 5.3 North America Polymethyl Methacrylate Market, by Grade (2022-2029) • General purpose grade • Optical grade 5.4 North America Polymethyl Methacrylate Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Polymethyl Methacrylate Market (2022-2029) 6.1. European Polymethyl Methacrylate Market, by Form (2022-2029) 6.2. European Polymethyl Methacrylate Market, by Application (2022-2029) 6.3. European Polymethyl Methacrylate Market, by Grade (2022-2029) 6.4. European Polymethyl Methacrylate Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Polymethyl Methacrylate Market (2022-2029) 7.1. Asia Pacific Polymethyl Methacrylate Market, by Form (2022-2029) 7.2. Asia Pacific Polymethyl Methacrylate Market, by Application (2022-2029) 7.3. Asia Pacific Polymethyl Methacrylate Market, by Grade (2022-2029) 7.4. Asia Pacific Polymethyl Methacrylate Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Polymethyl Methacrylate Market (2022-2029) 8.1 Middle East and Africa Polymethyl Methacrylate Market, by Form (2022-2029) 8.2. Middle East and Africa Polymethyl Methacrylate Market, by Application (2022-2029) 8.3. Middle East and Africa Polymethyl Methacrylate Market, by Grade (2022-2029) 8.4. Middle East and Africa Polymethyl Methacrylate Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Polymethyl Methacrylate Market (2022-2029) 9.1. South America Polymethyl Methacrylate Market, by Form (2022-2029) 9.2. South America Polymethyl Methacrylate Market, by Application (2022-2029) 9.3. South America Polymethyl Methacrylate Market, by Grade (2022-2029) 9.4 South America Polymethyl Methacrylate Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Mitsubishi Rayon Co. Ltd 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Sumitomo Chemical Co., Ltd 10.3 Chi Mei Corporation 10.4 Evonik Industries AG 10.5 Kolon Industries, Inc. 10.6 Polycasa N.V. 10.7 Saudi Arabia Basic Industries Corporation 10.8 Gehr Plastics, Inc. 10.9 Kuraray Group 10.10 The Dow Chemical Company 10.11 Arkema SA 10.12 Asahi Kasai Corporation 10.13 LG MMA Corp. 10.14 Makevale Group
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