Poly(methyl methacrylate) (PMMA) is a transparent thermoplastic often used in sheet form as a lightweight or shatter-resistant alternative to glass. The same material can be used as a casting resin, in inks and coatings, and has many other uses.
Market Analysis and Insights: Global Poly (methyl methacrylate) (PMMA) Market
Due to the COVID-19 pandemic, the global Poly (methyl methacrylate) (PMMA) market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Optical Grade accounting for % of the Poly (methyl methacrylate) (PMMA) global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Signs & Displays segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific is the fastest-growing PMMA market, in terms of both value and volume. The presence of growing economies and increasing industrial developments in the region offer enormous opportunities for the use of advance plastic materials in various applications, including PMMA. Automotive and electronics are among the major growing end-use industries for PMMA. The players in the PMMA market are focusing to tap the emerging opportunities in the market of Asia-Pacific. Europe is the second-largest market for PMMA, in terms of volume. The market in this region is primarily driven by the rising demand of high-performance plastics from end-use industries.
Global Poly (methyl methacrylate) (PMMA) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Poly (methyl methacrylate) (PMMA) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Optical Grade
General Purpose Grade
Segment by Application
Signs & Displays
Constructions
Automotive
Lighting Fixtures
Electronics
Others
By Company
Arkema
Evonik
Mitsubishi Rayon
SABIC
Sumitomo Chemical
Asahi Kasei
CHI MEI
Gehr Plastics
Kolon Industries
Polycasa
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
