Global Polymethyl Methacrylate Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Jan 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Polymethyl Methacrylate Market, By Type (Extruded Sheet, Pellets, Beads, Cast Sheets & Blocks, Others), Grade (Optical Grade, General Purpose Grade), Application (Signs & Displays, Construction, Automotive, Lighting Fixtures, Electronics, Sanitary Ware, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Polymethyl Methacrylate Market

Global Polymethyl Methacrylate Market is set to rise from its initial estimated value of USD 4.65 billion in 2018 to an estimated value of USD 6.13 billion by 2026, registering a CAGR of 3.5% in the forecast period of 2019-2026. This anticipated rise in the market value can be attributed to the increasing demand of lightweight materials from the major industries for the replacement of heavy weight materials already in use.

Market Definition: Global Polymethyl Methacrylate Market

Polymethyl methacrylate (PMMA) is also known as acrylic glass or acrylic, is a transparent thermoplastic which comes in the form of sheets, blocks, pellets, bead and even other sorts. The material is used as a lightweight substitute to glass that is more durable, versatile and can even be used as a shatterproof glass. Due to its transparency and light weight it is very majorly applied for LCD panels and display sign covers.

In 2016, in a report published by Macquarie Bank, 88.1 million cars & light vehicles were sold, in 2017 that number rose by an estimated 3.7%, and in 2018 that number is expected to rise another 3.6% by 2018, these numbers are expected to positively affect the demand of polymethyl methacrylate as automotive industry is one of the major end-users of it.

Market Drivers:

  • Increasing demand from a number of applicable industries is expected to drive the market growth
  • Increase in awareness of the capabilities and advantages of polymethyl methacrylate in replacing other heavy weigh materials as a lightweight substitute is also expected to drive the market growth

Market Restraints:

  • Fluctuation and variability in prices of raw materials is expected to restrain the market growth
  • Lack of raw material causing the supply of these materials to fluctuate is also expected to restrain the market growth

Segmentation: Global Polymethyl Methacrylate Market

  • By Type

    • Extruded Sheet
    • Pellets
    • Beads
    • Cast Sheets & Blocks
    • Others

  • By Grade

    • Optical Grade
    • General Purpose Grade

  • By Application

    • Signs & Displays

      • Signage
      • Display Boards
      • Point of Sale Boards

    • Construction

      • Barriers

        • Shatterproof Glass
        • Noise Barriers

      • Flooring

        • Polymethyl Methacrylate Resin Flooring
        • High-End Decorative Flooring

      • Paints & Coatings

    • Automotive

      • Body Parts

        • Lamp Covers
        • Interior & Exterior Trim

      • Accessories

        • Windshields
        • Sun Visor

    • Lighting Fixtures

      • Light Guide Panels
      • Solar Equipment

    • Electronics

      • Mobile Phones, Tablets & LCD Screens

        • Touch Screens
        • Cover Panels
        • LCD Screens

    • Sanitary Ware
    • Others

  • By Geography

    • North America

      • US
      • Canada
      • Mexico

    • South America

      • Brazil
      • Argentina
      • Rest of South America

    • Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe

    • Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

    • Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Key Developments in the Market:

  • In March 2016, Asahi Kasei Corporation established a new point of business for Europe in Germany by establishing Asahi Kasei Europe GmbH for operation and expansion.
  • In February 2016, Karl Jungbecker GmbH & Co. KG and Evokin Industries AG announced that Evonik Cyro LLC will be the point of sale in North America for Karl Jungbecker GmbH & Co. KG.

Competitive Analysis: Global Polymethyl Methacrylate Market

Global polymethyl methacrylate market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polymethyl methacrylate market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Polymethyl Methacrylate Market

Few of the major competitors currently working in polymethyl methacrylate market are The Arkema Group, Evonik Industries AG, Mitsubishi Chemical Corporation, SABIC, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation., Chi Mei Corporation., GEHR Plastics Inc., Kolon Industries Inc., 3A Composites GmbH, ALBIS PLASTIC GmbH, FORHOUSE CORPORATION, KURARAY CO. LTD., LG Chem., LOTTE Chemical CORPORATION., Lucite International, Makevale Group, NIPPON SHOKUBAI CO. LTD., Nylus SK sro, RTP Company, Karl Jungbecker GmbH & Co. KG, The Dow Chemical Company, Maxiglas Corp, and BASF SE.

Research Methodology: Global Polymethyl Methacrylate Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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