Description
Global
polymethyl methacrylate (PMMA) market size is likely to be valued at USD 11.65
billion by 2022; as per a new research report by Radiant Insights, Inc.
Increasing spending on advertising & marketing for building strong brand
equity and product recall is likely to favor demand. Growing demand for lightweight
& low emission vehicles coupled with increased fuel efficiency requirement
is anticipated to support growth. Bio PMMA market size was estimated at USD
188.4 million in 2014, with growth estimates of 18% up to 2022
Request Free Sample Copy - https://www.radiantinsights.com/research/synthetic-bio-pmma-market/request-sample
Growing
demand for LED flat panel display TVs particularly in Asia Pacific is
anticipated to drive PMMA market. Increasing application scope in healthcare
sectors for manufacturing cuvettes, bone cements, dentures and syringes are
likely to positively influence demand. Fluctuating prices of raw materials such
as acetone, ammonia and methanol are likely to affect PMMA market prices,
thereby affecting industry profitability.
Extruded
sheets were largely consumed products accounting for over 55% of the total volume
in 2014. Increase in LED screens popularity coupled with growth in signs &
display segment is likely to drive extruded sheets demand. Cell cast sheet
& blocks are likely to be fastest growing product segment with an estimated
CAGR of 6.9% from 2015 to 2022.
Key report insights suggest:
• Global PMMA market size was
estimated 1.99 million tons in 2014 and may register 3.24 million tons by 2022
growing with an estimated CAGR of 6.4% from 2015 to 2022.
• Signs & display dominated the
application segment and accounted for 37.3% of the total volume in 2014.
Electronics applications are likely to be the fastest growing with an estimated
CAGR of 7.7% from 2015 to 2022.
• Bio PMMA market is likely to reach
535.95 kilo tons by 2022 with an estimated growth rate of 16.9% up to 2022.
Europe dominated the regional bio-based PMMA demand and accounted for over 45%
of the total share in 2014.
• Electronics applications dominated
bio PMMA market demand and accounted for over 34% of total volume in 2014,
followed by automotive sector with over 23%..
• Asia Pacific dominated regional
demand and accounted for 68.8% of the total volume 2014. Asia Pacific is also
likely to be the fastest growing region owing to presence of larger consumer
based and availability of cheap labor rates in countries such China, and India
• North America is likely to witness
below average growth rates with an estimated CAGR of 3.6% up to 2022. Recovery
of end-use industries such as construction and automotive post recession is
likely to drive regional demand.
• The global PMMA market share is
consolidated and top four companies account for over 60% of the global share.
Major companies include Mitsubishi Rayon, Evonik Industries, Arkema, Sumitomo
Chemicals, Dow Chemical Company, LG MMA and Kuraray Co
The report “Synthetic & Bio PMMA Market
Size, Share Analysis Report 2022” is available now to Radiant Insights
customers and can also be purchased directly at -
Global PMMA Product Overview (Kilo Tons;
Revenue, USD Million, 2012 – 2022)
• Extruded Sheets
• Cell Cast Sheet & Blocks
• Pellets
• Beads
Global PMMA Application Overview (Kilo
Tons; Revenue, USD Million, 2012 – 2022)
• Construction
• Electronics
• Automotive
• Signs & Display
• Rear/Sidelight Units
• Healthcare
• Others
Global Synthetic PMMA Regional Overview
(Kilo Tons; Revenue, USD Million, 2012 – 2022)
• North America
- U.S.
- Canada
- Mexico
• Europe
- Germany
- France
- UK
• Asia Pacific
- China
- India
- South Korea
• Central & South America
- Brazil
• Middle East & Africa
- Saudi Arabia
Global Bio PMMA Application Potential (Kilo
Tons; Revenue, USD Million, 2012 – 2022)
• Electronics
• Automotive
• Consumer Goods
• Healthcare
• Construction
• Signs & Displays
• Others
Global Bio PMMA Regional Potential (Kilo
Tons; Revenue, USD Million, 2012 – 2022)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision-making, based on
extensive and in-depth quantitative information, supported by extensive
analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
Contact Us
Michelle
Thoras
Corporate
Sales Specialist, USA
Radiant
Insights, Inc
201
Spear Street 1100, Suite 3036, San Francisco, CA 94105, United States
Tel:
1-415-349-0054
Toll
Free: 1-888-928-9744
No comments:
Post a Comment