Skip to main content

Global Polymethyl Methacrylate Market to Witness Huge Growth by 2025

MAY 28, 2019: The global polymethyl methacrylate (PMMA) market size is anticipated to reach USD 8.16 billion by 2025 registering a CAGR of 8.4%, according to a new report by Radiant Insights, Inc. Escalating demand for Light-Emitting Diode (LED) flat screens in Asia Pacific is projected to propel the market growth over the coming years. The market has shifted its focus toward developing bio-based alternatives to combat raw material price issues. Eco-friendly PMMA is now being developed with the introduction of bio-based raw materials, such as MMA from renewable organic feedstock. This, in turn, is anticipated to provide lucrative growth opportunities for new market entrants.
Extruded sheets are expected to remain the dominant product segment. These sheets have a better tolerance on thickness, typically +/-10%, as compared to cast acrylic sheets. The product is also expected to witness growth on account of its high transparency that makes it ideal for signs and displays in the advertising sector. North America and Europe are characterized by the presence of leading resin manufacturers and technological capabilities of further processing these resins for end uses. Asia Pacific is projected to register the highest CAGR of 9.1% from 2019 to 2025 on account of increasing investments in renewable energy infrastructure and commercial projects undertaken in China, India, and Japan.
Further key findings from the study suggest::
• Growing demand for sophisticated infrastructure along with the presence of major automotive Original Equipment Manufacturers (OEMs) is anticipated to boost the demand for acrylic beads
• The signs and displays segment is projected to expand at the highest CAGR of 8.1% owing to increasing demand for commercial billboards, display cabinets, and leaflet dispensers
• New market entrants are actively engaged in the development of novel production technologies to improve process efficiency and reduce operational costs
• Prominent companies in this market include Evonik Industries AG, Mitsubishi Rayon Group, Arkema SA, Kuraray Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, SABIC, and Asahi Kasei Corporation
Table of Contents
Chapter 1. Methodology and Scope
1.1. Information Procurement
1.1.1. Purchased Database
1.1.2. GVR’s Internal Database
1.1.3. Secondary Sources & Third-Party Perspectives
1.1.4. Primary Research
1.2. Information Analysis
1.2.1. Data Analysis Models
1.3. Market Formulation & Data Visualization
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Polymethyl Methacrylate Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Plastics Market Outlook
3.1.2. Global Polymethyl Methacrylate Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Major Raw Materials Analysis
3.4. Technology Trends
3.5. Regulatory Framework
3.5.1. Standard & Compliances
3.5.2. Safety
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Challenges

To See More Reports of This Category by Radiant Insights:
https://www.radiantinsights.com/catalog/chemicals
About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
Labels:

Comments

Post a Comment

Let me know what you're interested in

Popular posts from this blog

Global Artificial Sperm Market Precise Outlook From 2019-2023

NOV 22, 2019:  In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Artificial Sperm Report  by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Artificial Sperm market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. To Request A Sample Copy Of This Report @:     https://www.radiantinsights.com/research/global-artificial-sperm-market-research-report-2019-2023/request-sample The report firstly introduced the Artificial Sperm basics: definitions, classifications, applications and market overview; pr
Post a Comment
Read more

Battery Management System (BMS) Market Growth Factors, Applications, Regional Analysis and Forecasts by 2023

Mar 03, 2020:  Global  Battery Management System (BMS) market  is expected to grow at a significant CAGR of 11.6% by 2023 as the scope and its applications are rising enormously across the globe. Battery management system (BMS) is an electronic system that controls and manages a discharging and charging of rechargeable batteries. It also controls and monitors coolant temperature and flow for air or liquid cooling, main power voltage, battery and cell health, battery or cell voltage, and temperatures of the batteries or cells. The factors that are playing a major role in the growth of battery management system (BMS) market are the application of battery management system in smartphones, rising use of battery management system in electric vehicles, and high demand in renewable energy systems. However, the lack of standards for the development of the battery management system may restrain overall market growth in the years to come. To Request A Sample Copy Of This Report @:     ht
Post a Comment
Read more

Online Travel Services Witness Swift Growth Throughout Covid-19

JUNE 08, 2020:   Online Travel Services market Consumers in general avail both online and offline sources of information for booking their journeys, among which ~12% of the consumers prefer to use offline sources for research, ~57% believe that the online channels give them better deals and find it more convenient to book online. With the advent of internet and emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing number of Indians have turned to the convenience of the web for better travel prices and accommodations. As smartphones have progressively become ubiquitous, mobile applications have emerged as the most critical point of interaction with consumers for any travel business, and a number of niche offerings such as medical tourism and eco-tourism are expected to create more demand for travelling. Several hotel chains and airlines are focusing on generating direct hotel bookings through their own websites an
Post a Comment
Read more