The polymethyl methacrylate (PMMA), also known as acrylic or acrylic glass, is a thermoplastic material with high transparency. It is commonly used in sheet form as a lightweight and shatter resistant substitute for glass. PMMA is also used as a casting resin in inks and coatings. It is produced by the block, emulsion or suspension polymerization of methacrylic acid. PMMA exhibits excellent scratch resistance properties over other similar polymers. Besides, it is an economical alternative to polycarbonate in applications where transparency, UV-tolerance, and tensile and flexural strength are required over impact strength.
MARKET DYNAMICS
The polymethyl methacrylate market is anticipated to grow in the forecast period owing to driving factors such as increasing use in the end-use industries as a substitute for glass in various products. Moreover, growth in demands from the emerging economies resulting from rising LED flat screens market, further boosts the growth of the polymethyl methacrylate market. However, high production costs and scarcity of the raw material hamper the growth of the polymethyl methacrylate market. Nonetheless, the market shift towards the product as a substitute for polycarbonate offer lucrative opportunities for the key players operating in the polymethyl methacrylate market during the forecast period.
MARKET SCOPE
The "Global Polymethyl Methacrylate (PMMA) Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of polymethyl methacrylate market with detailed market segmentation by grade, form, application, and geography. The global polymethyl methacrylate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polymethyl methacrylate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polymethyl methacrylate market is segmented on the basis of grade, form, and application. Based on grade, the market is segmented as general purpose grade and optical grade. On the basis of the form, the market is segmented as extruded sheet, pellets, beads, and others. The market on the basis of the application is classified as signs & displays, construction, automotive, electronics, lighting fixtures, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polymethyl methacrylate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polymethyl methacrylate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting polymethyl methacrylate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the polymethyl methacrylate market in these regions.
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MARKET PLAYERSThe reports cover key developments in the polymethyl methacrylate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from polymethyl methacrylate market are anticipated to lucrative growth opportunities in the future with the rising demand for polymethyl methacrylate in the global market. Below mentioned is the list of few companies engaged in the polymethyl methacrylate market.
The report also includes the profiles of key polymethyl methacrylate companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Arkema Group
-Asahi Kasei Corporation
-Chi Mei Corporation
-Evonik Industries AG
-GEHR Plastics, Inc.
-KOLON Industries, Inc.
-Kuraray Co., Ltd.
-Mitsubishi Chemical Corporation
-SABIC
-Sumitomo Chemical Co., Ltd.
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