Polymethyl Methacrylate (PMMA)s Market Growth Rate, Developing Trends, Manufacturers, Countries, Type and Application, Global Forecast To 2023

The Global Polymethyl Methacrylate (PMMA) Market report 2018 covers deep dive segmentation in every aspect by type, application, application, end-user and region. Smart home is a smart system that anticipates and responds with intuitive and at times automated control of some or all of the amenities in a home that include TV, lighting, music, safety & security, climate, energy & water, and more. The smart home technology has grown tremendously since 2010 and transitioned from wired technology to wireless technology with emergence of wireless technologies, such as Bluetooth, Wi-Fi, and mobile Internet. The Internet of Things (IoT) has enabled the rapid growth of Polymethyl Methacrylate (PMMA), connecting physical devices with internet connectivity and sensors providing new services to households. The trend of smart home is shifting towards the centralized control. For example, Amazon Echo and Google Home are heading in the direction of centralized smart home control.
The Global Polymethyl Methacrylate (PMMA) Market Covers Pin-point Analysis on Growth, Industry Size, statistics, Future Development Strategies and Business Opportunities The Global Polymethyl Methacrylate (PMMA) Market report covers an exhaustive understanding of the Polymethyl Methacrylate (PMMA) Industry that encompasses various important factors like the product type, sales, revenue, competition market size, regions, and applications. The report further provides a thorough understanding of the Polymethyl Methacrylate (PMMA) Market through value chain analysis and SWOT, which helps the consumer/user/ reader to understand expected trends in the Polymethyl Methacrylate (PMMA) Industry, demand-supply situation in the market, its weaknesses, strengths and various opportunities the market can offer. Statistics and data have been included in the Polymethyl Methacrylate (PMMA) Market to support the information in the report through charts and tables for enhanced readability and to present more engaging content.
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The total PMMA market is valued at $ 4.6 billion as on 2017 and will reach $ 6.5 billion by the end of 2023, growing at a CAGR of 7%. Rapidly growing demand of light weight parts in automotive vehicles, and use of PMMA in automotive glazing supported by high weathering, UV resistance, and optimum acoustic properties of PMMA is expected to drive the demand of PMMA in automotive sector. Rapid digitalization of rural areas has driven the need for attractive advertising options, leading to high demand of PMMA in signs & displays, lighting, and other similar applications.
Asia Pacific will register the highest CAGR of around 8.0% during the forecast period from 2018-2023. Increasing per capita income among middle class in China and India and expected boost of automotive industry in developing countries is further expected to drive the demand of PMMA in these regions. Multinational players are shifting their production bases to these emerging economies to tap the untapped opportunities which is further expected to boost the demand of these products in these regions. Regions like Middle East & Africa is expected to grow at the second highest CAGR of 7.0% due to several upcoming projects and expected consolidation of large players in these regions.
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Extruded sheets segment accounted for largest market share of 50% in terms of volume in 2017, due to robust demand of these sheets in industrial sectors. Excellent thickness tolerance and cost-efficiency are the driving factors for the increased demand of these products in this sector. Acrylic beads segment is expected to grow at the highest CAGR of 7% in the forecast period.
PMMA finds majority of application in signs & displays and construction segment. Telecommunication signs & displays and endoscopy are also utilizing fiber optics made from this material for various applications which is further expected to drive the PMMA demand in forecast period.
Companies are continuously investing in PMMA economics and innovation. For instance, Lucite International has developed Alpha technology, method to produce MMA by using carbon monoxide, ethylene, and methanol as raw materials. This technology has significantly improved the operating economies and has also provided an opportunity to reduce the capital investment. Some of the major players active in the region include Evonik Industries, Mitsubishi Rayon Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, Chi Mei Corporation, Kuraray Group, Asahi Kasei Corporation, LG MMA Corp., Makevale Group, Shanghai Jing-Qi Polymer Science Co. and, Polycasa N.
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Table of Contents
Introduction
Executive Summary
Polymethyl Methacrylate (PMMA)s, By Type
Factors influencing the demand of Polymethyl Methacrylate (PMMA)s
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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