DUBLIN–(BUSINESS WIRE)–The “Polymethyl Methacrylate (PMMA) – World Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
World Polymethyl Methacrylate (PMMA) Market to Attain $5.9 Billion by 2026
The worldwide marketplace for Polymethyl Methacrylate (PMMA) estimated at US$4.2 Billion within the 12 months 2020, is projected to achieve a revised measurement of US$5.9 Billion by 2026, rising at a CAGR of 5.9% over the evaluation interval.
Polymethyl methacrylate (PMMA) market is going through a blended bag of challenges and alternatives because the COVID-19 pandemic continued to rage on. With the world preventing its largest public well being disaster in historical past, demand for protecting sheets product of PMMA witnessed sturdy progress to manage the unfold of COVID-19 infections, as protecting shields in hospitals, stores and transport techniques.
With functions in private safety sector witnessing sturdy enchancment progress, most firms shifted manufacturing to handle the burgeoning demand. On the identical time the business witnessed a decline in demand in varied end-use markets together with automotive, development, and electronics.
Extruded Sheets, one of many segments analyzed within the report, is projected to develop at a 6.2% CAGR to achieve US$3.4 Billion by the top of the evaluation interval.
After an intensive evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress within the Pellets phase is readjusted to a revised 5.2% CAGR for the subsequent 7-year interval. This phase at present accounts for a 24.7% share of the worldwide Polymethyl Methacrylate (PMMA) market.
Going forwards, growing demand for protecting sheets, restoration in vehicle manufacturing and development and different markets is predicted to drive PMMA consumption in 2021. Nonetheless, PMMA consumption is predicted to be hindered by attainable slowdown in vehicle manufacturing as a result of lack of semiconductors and danger of enterprise closures threatened by emergence of latest virus strains.
The U.S. Market is Estimated at $634.7 Million in 2021, Whereas China is Forecast to Attain $1.6 Billion by 2026
The Polymethyl Methacrylate (PMMA) market within the U.S. is estimated at US$634.7 Million within the 12 months 2021. The nation at present accounts for a 14.64% share within the international market.
China, the world second largest economic system, is forecast to achieve an estimated market measurement of US$1.6 Billion within the 12 months 2026 trailing a CAGR of seven.4% by means of the evaluation interval. Among the many different noteworthy geographic markets are Japan and Canada, every forecast to develop at 3.8% and 4.7% respectively over the evaluation interval. Inside Europe, Germany is forecast to develop at roughly 4.2% CAGR whereas Remainder of European market (as outlined within the examine) will attain US$1.8 Billion by the top of the evaluation interval.
Restoration in automotive manufacturing within the put up COVID-19 interval is predicted to bode effectively for market progress for MMA and PMMA supplies. Within the coming years, consumption of acrylic resins is predicted to develop led by enhancements on the financial entrance, elevated exercise in development and structure industries, and demand rise from automotive (primarily to enhance performance and to cut back weight) and electronics sectors.
Potential alternatives for PMMA market are immense as a result of its distinctive aesthetic options and superior chemical traits, which make it a extremely priceless materials to be used in a number of end-use markets. With demand rising from varied industries together with indicators and shows, electronics, sanitary ware, development, automotive, and lighting, many PMMA producers are specializing in growing their manufacturing capacities to satisfy the rising demand.
Key Subjects Coated:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aggressive Market Presence – Robust/Energetic/Area of interest/Trivial for Gamers Worldwide in 2022
- Influence on PMMA Market
- PMMA Sheets Assume New Position throughout COVID-19 Disaster
- Efficiency Snapshot of Main Finish-Use Markets
- Automotive Sector
- Development Sector
- Client Home equipment
- Electrical & Electronics Tools
- Polymethyl methacrylate (PMMA): A Prelude
- Materials Properties
- Common , Optical, and Thermal Properties of Forged Acrylic (PMMA)
- PMMA Purposes
- Market Outlook
- Asia-Pacific Stays on the Forefront Driving Large Demand for PMMA
- MMA Provide Dynamics Influence PMMA Patterns
- Extruded Sheets and Indicators & Shows: Main Segments of PMMA Market
- Current market Exercise
2. FOCUS ON SELECT PLAYERS (Complete 32 Featured)
- 3A Composites GmbH
- ALBIS Distribution GmbH & Co. KG
- Asahi Kasei Company
- Chi Mei Company
- GEHR Plastics Inc.
- Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
- Kuraray Co., Ltd.
- LG Chem Ltd.
- LOTTE Chemical Company
- Makevale Group
- Mitsubishi Chemical Company
- Nippon Shokubai Co., Ltd.
- RTP Firm
- Saudi Fundamental Industries Company
- Sumitomo Chemical Asia Pte Ltd.
- Unigel S.A.
3. MARKET TRENDS & DRIVERS
- Focus Grows on Growth of Bio-Based mostly PMMA
- Bio-based PMMA based mostly Acrylic Resin: Potential to Develop Sustainable Options for Medical Sector
- Round PMMA Features Traction
- Recycling for PMMA Circularity
- Inexperienced Plexiglass
- Drive In direction of Lighter Automobiles Helps Demand for PMMA
- PMMA Rising as Efficient Different to Polycarbonate for Automotive Purposes
- Restoration in Automotive Trade Publish COVID-19 to Steer Demand
- Strong Outlook for EVs and Progress Prospects
- Recovering Development Trade Advantages Demand for MMA and PMMA
- New Constructions Provide Important Alternatives
- Inherent Options Provoke Acrylic Sheet Demand in Sanitary Ware Trade
- Rising Significance of PMMA Based mostly Signage and Shows Drive Demand for Visible Communications
- Promoting: An Important Requisite for Company/Model Survival & Existence
- COVID-19 Pandemic Upends the Advertising Panorama
- PMMA Induces New Stage of Comfort in Digital Shows & Displays
- Slowdown in Aviation Sector Deters Demand for PMMA-based Plane Home windows & Canopies
- Intriguing Properties Make PMMA to Play Instrumental Position in Medical Purposes
- PMMA in Level of Care Diagnostics
- Researchers Discover New Approaches to Make PMMA-based Supplies Excellent Possibility for Dental Purposes
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For extra details about this report go to https://www.researchandmarkets.com/r/wexkcd