DALLAS, December 2, 2014 /PRNewswire/ --
The research report, "Polymethyl Methacrylate (PMMA) Market by Grade (General, Optical), Type (Pellets, Beads, Extruded Sheets, Cell Cast & Blocks), & Application (Signs & Displays, Construction, Automotive, Electronics, Sanitary Ware) - Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the PMMA market with an analysis and forecast of the market size by volume and value. The PMMA market size in terms of value is projected to reach $7.4 billion by 2019, at a CAGR of 6.1% between 2014 and 2019.
Browse 84 Market Data Tables and 50 Figures spread through 145 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market by Grade, Type & Application - Global Trends & Forecasts to 2019".
Early buyers will receive 10% customization on this report.
The PMMA market is mainly driven by rise in demand for LED flat screens, increasing R&D activities by manufacturers, and increasing demand for PMMA in automotive, solar, and other sectors. Major factor restraining the market is fluctuations in prices of methyl methacrylate (MMA) which is used as the raw material for PMMA production. The opportunity for the PMMA producers lies toward producing bio-based PMMA, and exploring innovative applications of PMMA which can be the new revenue pockets in the future.
Signs and displays is the major application of PMMA followed by construction and automotive. PMMA demand in the signs and display segment has increased rapidly due to the fact that signage offers greater flexibility with better display of information and communication. Electronics is the fastest-growing segment with a CAGR of 6.8% (by volume) between 2014 and 2019. PMMA is used in LED screens in various electronics equipments. Growth of the electronics industry in India, China, and Taiwan will contribute towards the demand for PMMA.
The leading players in the market include Mitsubishi Rayon Co. Ltd. (Japan), Arkema SA (France), Evonik Industries AG (Germany), Chi Mei Corporation (Taiwan), Kuraray Co. Ltd. (Japan), LG MMA Corporation (South Korea), Asahi Kasei Corporation (Japan), Makevale Group (U.K.) Sumitomo Chemical Co. Ltd. (Japan), and Saudi Basic Industries Corporation (Saudi Arabia).
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The report covers the PMMA market and its trends in four regions, North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market has also been analyzed on the basis of grade and forms. PMMA grade includes optical grade and general purpose grade. While, PMMA forms include extruded sheets, cell cast and blocks, pellets and beads. Applications, such as signs and displays, construction, automotive, lighting fixtures, sanitary ware, and electronics have also been studied and included in this report.
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