The PMMA market is segmented into four major regions, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further segmented by major countries based on the demand for PMMA. The report covers a country level study for thirteen countries including the U.S., Canada, France, Germany, China, Japan, South Korea, and Taiwan.
PMMA is consumed in a number of applications in which it is used as substitute to glass. It is consumed in following industries, namely signs and displays, construction, automotive, lighting fixtures, electronics, sanitary ware, and others. Construction is the second-largest application of PMMA. It accounted for a share of 21.1% (by volume) in the overall PMMA market in 2013. Asia-Pacific is the largest market in the construction industry. The construction industry in the region is poised to witness high growth because of increasing large infrastructure projects undergoing in developing economies, such as China and India. Both the countries have investing heavily in the construction sector. These factors will ultimately contribute toward growth of the PMMA market.
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The PMMA market in the Asia-Pacific region is projected to register a moderate growth rate of more than 6.2% (by volume) over the next five years. Asia-Pacific is projected to dominate the market, with more than 56.5% share (by volume) of the overall PMMA market by 2019.
Upcoming opportunities for the PMMA players lies ahead in introducing bio-based PMMA products. The bio-based PMMA is an alternative sustainable solution for high performance non-renewable products. The bio-based PMMA posesses enhanced chemical properties in comparison to regular thermoplastics. The bio-based PMMA is primarily used in applications seeking durability, such as consumer, medical, optical, and automotive markets. The technological advancement is expected to boost the growth of bio-based PMMA products over the coming years.
For this report, various secondary sources, such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, trade websites, and databases, have been referred to identify and collect information useful for this extensive commercial study of the PMMA market. The primary sources that include experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess future prospects and market estimations.
This report analyzes different marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. The PMMA market consists of major players such as Evonik (Germany), Arkema (France), Mitsubishi Rayon (Japan), Chi Mei (Taiwan), LG MMA (South Korea), Kuraray (Japan), and SABIC (Saudi Arabia).
Scope of the report
On the basis of grade:
• General purpose grade
• Optical grade
• On the basis of form:
• Extruded sheets
• Cell cast and blocks
• Pellets
• Beads
On the basis of region:
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)
On the basis of region:
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)
On the basis of application:
• Signs and displays
• Construction
• Automotive
• Lighting fixtures
• Sanitary ware
• Electronics
• Others
Table of content
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED IN THE REPORT 17
1.4 CURRENCY 17
1.5 PACKAGE SIZE 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 MARKET SIZE ESTIMATION 19
2.2 MARKET BREAKDOWN & DATA TRIANGULATION 22
2.3 MARKET SHARE ESTIMATION 22
2.3.1 KEY INDUSTRY INSIGHTS 23
2.3.2 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITY FOR PMMA MANUFACTURERS 28
4.2 GLOBAL PMMA MARKET GROWING AT A HIGH RATE 29
4.3 PMMA MARKET SCENARIO IN ASIA-PACIFIC 29
4.4 LEADING COUNTRIES IN THE MARKET, 2013 30
4.5 PMMA MARKET SHARE, BY APPLICATION 30
4.6 LIFE CYCLE ANALYSIS, BY REGION 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET SEGMENTATION 33
5.2.1 BY GRADE 33
5.2.2 BY FORM 33
5.2.3 BY APPLICATION 34
5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 35
5.3.1.1 Growing demand for LED flat screens 35
5.3.1.2 High R&D activities by PMMA manufacturers 35
5.3.1.3 Increasing demand for PMMA in automotive, solar & other sectors 35
5.3.2 RESTRAINTS 36
5.3.2.1 Fluctuations in raw material price 36
5.3.3 OPPORTUNITIES 37
5.3.3.1 Bio-based PMMA 37
5.3.3.2 Replacement of old luminaires with LED illumination 38
5.3.3.3 Innovative applications of PMMA can be the new revenue pockets in the future 38
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