Polymethyl Methacrylate (PMMA) Market Information- by Type (Extruded Sheets, Pellets, Cast Sheets, and Beads), by End Use (Signs & Displays, Automotive, Construction, Electronics and Others) and by Region- Global Forecast till 2027
ID: MRFR/CnM/3436-HCR | February 2021 | Region: Global | 137 pages
Synopsis of Polymethyl Methacrylate (PMMA) Market:
Polymethyl Methacrylate (PMMA) is a transparent thermoplastic that is widely used as a lightweight or shatter-resistant substitute for the glass. PMMA or poly (methyl 2‐methyl propanoate) is the polymer of Methyl Methacrylate with chemical formula C5H8O2) n. It is a clear & colorless polymer available in various forms such as pellet and sheet and is marketed by various firms under brand names such as Plexiglas, Acrylite, Perspex, Plazcryl, Acrylplast, Altuglas, and Lucite, etc. PMMA exhibits superior properties such as excellent scratch resistance, transparency, and weather resistance. Additionally, mechanical and optical property degradation caused by UV exposure is minimal with PMMA. Such characteristics have enabled the PMMA applications in varied end-use industries such as construction, signs & displays, automotive, and electronics.
Increasing demand for lightweight automotive components to improve fuel efficiency & reduce carbon emissions is expected to boost the demand over the forecast period. The product is extensively used in the automotive applications including windshields & sun visors, caravan windows, taillights & headlights, and automotive glazing, among others. Growth in PMMA demand from construction industry is largely influenced by prevailing macroeconomic conditions and is subject to vary in different parts of the globe. The rapid increase in the usage of PMMA in facades is set to uplift market growth, specifically, in Europe and the Middle East. The rapid development of optoelectronics in terms of technology and adaptability is a key factor driving PMMA demand. Development of novel application fields such as panel lighting and the light-guide film is anticipated to augment growth over the next seven years. Increasing construction spending in Asia Pacific and the Middle East is further expected to boost market growth over the forecast period. Countries such as China and India have witnessed significant capital inflows and development of public-private partnership programs in the construction industry. Over the past decade, PMMA Market has witnessed highly volatile phases with brisk fluctuations in demand. This has been influenced by the ongoing progressions in end-use industries such as automotive and construction. However, the increasing penetration of PMMA in a sign and display industry stabilized the demand trend and is expected to continue benefiting the growth of the PMMA Market over the forecast period. Increasing focus on sustainable polymers supported by favorable government regimes is compelling industry participants to shift focus towards bio-based raw materials. Governments and environmental bodies are constantly working towards commercializing different bio-based grades of PMMA in various applications.
The Global Polymethyl Methacrylate (PMMA) Market Share by End Use Industry (2016), (%):
Regional Analysis:
The Global Polymethyl Methacrylate (PMMA) Market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific region emerged as the leading regional market driven by factors such as a surge in automotive production coupled with rising construction spending. The strong growth of LED flat screens sales in countries such as China, India, Japan, South Korea, Thailand, Indonesia, and Malaysia is touted to remain the key driving factors for market growth within the region. The rise of smart TV’s in the recent times has further triggered the consumption of PMMA in the electronics industry. Over 45% of the televisions shipped globally in 2016 were smart TVs and is estimated to surpass USD 120 million by 2020.
Europe followed Asia Pacific in terms of demand for Polymethyl Methacrylate. Strong demand for glazing and facades in the region is expected to drive regional market growth. PMMA offers the construction industry long-lasting and superior aesthetics material choice. UV protection, availability in varied colors, and easy casting are some of the prominent features driving its usage in the European construction industry.
Latin America is also expected to witness above-average growth rate with strong growth of the construction and automotive industry. With major automotive companies establishing their respective manufacturing bases in the region, the demand for PMMA is set to rise at a significant rate. Moreover, the global sports events such as Rio Olympics, 2016 and upcoming Central America and Caribbean Games is anticipated to increase the product demand.
Segmentation:
The Global Polymethyl Methacrylate (PMMA) Market is categorized on the basis of type, application, and regions. On the basis of type, the market is segmented into extruded sheets, pellets, cast sheets, and beads. On the basis of the application, the market is classified into signs & displays, construction, automotive, electronics, and others. On the basis of the regions, the market is classified into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players:
Some of the prominent players operating in the Polymethyl Methacrylate (PMMA) Market are Arkema SA (France), Mitsubishi Rayon Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. (Japan), CHI MEI Corporation (Taiwan), Evonik Industries AG (Germany), Kolon Industries, Inc. (South Korea), Polycasa N.V. (Belgium), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Asahi Kasei Corporation (Japan), Gehr Plastics, Inc. (U.S.), Kuraray Group (Japan) and The Dow Chemical Company (U.S.) among others.
Companies have invested heavily in creative and innovative products and continuous development of prevailing product lines to broaden the current spectrum of applications. For instance, Evonik Industries AG has come up with ambient illumination in automotive interiors through usage of PMMA molding compounds that are developed, especially, of LED applications.
Geographical Analysis:
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Intended Audience
- Polymethyl Methacrylate (PMMA) Manufacturers
- Traders and Distributors of Polymethyl Methacrylate (PMMA)
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Frequently Asked Questions (FAQ) :
Polymethyl methacrylate is a transparent thermoplastic with the chemical formula (C5O2H8)n.
Polymethyl methacrylate is majorly used as an alternative to glass, as it is transparent and offers shatter-proof performance.
The major advantages of polymethyl methacrylate are its excellent transparency, scratch resistance, and weather resistance, apart from strong resistance to UV radiation.
Leading end users of polymethyl methacrylate include the construction industry, automotive industry, and signs and displays.
Asia Pacific is the major regional market for polymethyl methacrylate, due to the growing construction and automotive industries in the region.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Polymethyl Methacrylate (PMMA) Market
5 Industry Overview of Global Polymethyl Methacrylate (PMMA) Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Polymethyl Methacrylate (PMMA) Market by Type
7.1 Introduction
7.2 Extruded Sheets
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 Pellets
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
7.4 Cast Sheets
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast by Region, 2020-2027
7.5 Beads
7.5.1 Market Estimates & Forecast, 2020-2027
7.5.2 Market Estimates & Forecast by Region, 2020-2027
8. Global Polymethyl Methacrylate (PMMA) Market by Application
8.1 Introduction
8.2 Signs & Displays
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Region, 2020-2027
8.3 Construction
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Region, 2020-2027
8.4 Automotive
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast by Region, 2020-2027
8.5 Electronics
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast by Region, 2020-2027
8.6 Others
8.6.1 Market Estimates & Forecast, 2020-2027
8.6.2 Market Estimates & Forecast by Region, 2020-2027
9. Global Polymethyl Methacrylate (PMMA) Market by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020-2027
9.2.2 Market Estimates & Forecast by Type, 2020-2027
9.2.3 Market Estimates & Forecast by Application, 2020-2027
9.2.4 US
9.2.4.1 Market Estimates & Forecast, 2020-2027
9.2.4.2 Market Estimates & Forecast by Type, 2020-2027
9.2.4.3 Market Estimates & Forecast by Application, 2020-2027
9.2.5 Mexico
9.2.5.1 Market Estimates & Forecast, 2020-2027
9.2.5.2 Market Estimates & Forecast by Type, 2020-2027
9.2.5.3 Market Estimates & Forecast by Application, 2020-2027
9.2.6 Canada
9.2.6.1 Market Estimates & Forecast, 2020-2027
9.2.6.2 Market Estimates & Forecast by Type, 2020-2027
9.2.6.3 Market Estimates & Forecast by Application, 2020-2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020-2027
9.3.2 Market Estimates & Forecast by Type, 2020-2027
9.3.3 Market Estimates & Forecast by Application, 2020-2027
9.3.4 Germany
9.3.4.1 Market Estimates & Forecast, 2020-2027
9.3.4.2 Market Estimates & Forecast by Type, 2020-2027
9.3.4.3 Market Estimates & Forecast by Application, 2020-2027
9.3.5. France
9.3.5.1 Market Estimates & Forecast, 2020-2027
9.3.5.2 Market Estimates & Forecast by Type, 2020-2027
9.3.5.3 Market Estimates & Forecast by Application, 2020-2027
9.3.6 Italy
9.3.6.1 Market Estimates & Forecast, 2020-2027
9.3.6.2 Market Estimates & Forecast by Type, 2020-2027
9.3.6.3 Market Estimates & Forecast by Application, 2020-2027
9.3.7 Spain
9.3.7.1 Market Estimates & Forecast, 2020-2027
9.3.7.2 Market Estimates & Forecast by Type, 2020-2027
9.3.7.3 Market Estimates & Forecast by Application, 2020-2027
9.3.8 UK
9.3.8.1 Market Estimates & Forecast, 2020-2027
9.3.8.2 Market Estimates & Forecast by Type, 2020-2027
9.3.8.3 Market Estimates & Forecast by Application, 2020-2027
9.4 Asia Pacific
9.4.1 Market Estimates & Forecast, 2020-2027
9.4.2 Market Estimates & Forecast by Type, 2020-2027
9.4.3 Market Estimates & Forecast by Application, 2020-2027
9.4.4 China
9.4.4.1 Market Estimates & Forecast, 2020-2027
9.4.4.2 Market Estimates & Forecast by Type, 2020-2027
9.4.4.3 Market Estimates & Forecast by Application, 2020-2027
9.4.5 India
9.4.5.1 Market Estimates & Forecast, 2020-2027
9.4.5.2 Market Estimates & Forecast by Type, 2020-2027
9.4.5.3 Market Estimates & Forecast by Application, 2020-2027
9.4.6 Japan
9.4.6.1 Market Estimates & Forecast, 2020-2027
9.4.6.2 Market Estimates & Forecast by Type, 2020-2027
9.4.6.3 Market Estimates & Forecast by Application, 2020-2027
9.4.7 Australia
9.4.7.1 Market Estimates & Forecast, 2020-2027
9.4.7.2 Market Estimates & Forecast by Type, 2020-2027
9.4.7.3 Market Estimates & Forecast by Application, 2020-2027
9.4.8 New Zealand
9.4.8.1 Market Estimates & Forecast, 2020-2027
9.4.8.2 Market Estimates & Forecast by Type, 2020-2027
9.4.8.3 Market Estimates & Forecast by Application, 2020-2027
9.4.9 Rest of Asia Pacific
9.4.9.1 Market Estimates & Forecast, 2020-2027
9.4.9.2 Market Estimates & Forecast by Type, 2020-2027
9.4.9.3 Market Estimates & Forecast by Application, 2020-2027
9.5 The Middle East & Africa
9.5.1 Market Estimates & Forecast, 2020-2027
9.5.2 Market Estimates & Forecast by Type, 2020-2027
9.5.3 Market Estimates & Forecast by Application, 2020-2027
9.5.4 Turkey
9.5.4.1 Market Estimates & Forecast, 2020-2027
9.5.4.2 Market Estimates & Forecast by Type, 2020-2027
9.5.4.3 Market Estimates & Forecast by Application, 2020-2027
9.5.5 Israel
9.5.5.1 Market Estimates & Forecast, 2020-2027
9.5.5.2 Market Estimates & Forecast by Type, 2020-2027
9.5.5.3 Market Estimates & Forecast by Application, 2020-2027
9.5.6 North Africa
9.5.6.1 Market Estimates & Forecast, 2020-2027
9.5.6.2 Market Estimates & Forecast by Type, 2020-2027
9.5.6.3 Market Estimates & Forecast by Application, 2020-2027
9.5.7 GCC
9.5.7.1 Market Estimates & Forecast, 2020-2027
9.5.7.2 Market Estimates & Forecast by Type, 2020-2027
9.5.7.3 Market Estimates & Forecast by Application, 2020-2027
9.5.8 Rest of the Middle East & Africa
9.5.8.1 Market Estimates & Forecast, 2020-2027
9.5.8.2 Market Estimates & Forecast by Type, 2020-2027
9.5.8.3 Market Estimates & Forecast by Application, 2020-2027
9.6 Latin America
9.6.1 Market Estimates & Forecast, 2020-2027
9.6.2 Market Estimates & Forecast by Type, 2020-2027
9.6.3 Market Estimates & Forecast by Application, 2020-2027
9.6.4 Brazil
9.6.4.1 Market Estimates & Forecast, 2020-2027
9.6.4.2 Market Estimates & Forecast by Type, 2020-2027
9.6.4.3 Market Estimates & Forecast by Application, 2020-2027
9.6.5 Argentina
9.6.5.1 Market Estimates & Forecast, 2020-2027
9.6.5.2 Market Estimates & Forecast by Type, 2020-2027
9.6.5.3 Market Estimates & Forecast by Application, 2020-2027
9.6.6 Rest of Latin America
9.6.6.1 Market Estimates & Forecast, 2020-2027
9.6.6.2 Market Estimates & Forecast by Type, 2020-2027
9.6.6.3 Market Estimates & Forecast by Application, 2020-2027
10. Company Landscape
11. Company Profiles
11.1 Arkema SA
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Mitsubishi Rayon Co. Ltd.
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Sumitomo Chemical Co. Ltd.
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 BASF SE
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 CHI MEI Corporation
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
11.6 Evonik Industries AG
11.6.1 Company Overview
11.6.2 Product/Business Segment Overview
11.6.3 Financial Updates
11.6.4 Key Developments
11.7 Kolon Industries, Inc.
11.7.1 Company Overview
11.7.2 Product/Business Segment Overview
11.7.3 Financial Updates
11.7.4 Key Developments
11.8 Saudi Arabia Basic Industries Corporation (SABIC)
11.8.1 Company Overview
11.8.2 Product/Business Segment Overview
11.8.3 Financial Updates
11.8.4 Key Developments
11.9 Polycasa N.V.
11.9.1 Company Overview
11.9.2 Product/Business Segment Overview
11.9.3 Financial Updates
11.9.4 Key Developments
11.10 Asahi Kasei Corporation
11.10.1 Company Overview
11.10.2 Product/Business Segment Overview
11.10.3 Financial Updates
11.10.4 Key Developments
11.11 Gehr Plastics, Inc.
11.11.1 Company Overview
11.11.2 Product/Business Segment Overview
11.11.3 Financial Updates
11.11.4 Key Developments
11.12 Kuraray Group
11.12.1 Company Overview
11.12.2 Product/Business Segment Overview
11.12.3 Financial Updates
11.12.4 Key Developments
11.13 The Dow Chemical Company
11.13.1 Company Overview
11.13.2 Product/Business Segment Overview
11.13.3 Financial Updates
11.13.4 Key Developments
12. Conclusion
List of Tables:
Table 1 World Population by Major Regions (2020-2027)
Table 2 Global Polymethyl Methacrylate (PMMA) Market: By Region, 2020-2027
Table 3 North America Polymethyl Methacrylate (PMMA) Market: By Country, 2020-2027
Table 4 Europe Polymethyl Methacrylate (PMMA) Market: By Country, 2020-2027
Table 5 Asia-Pacific Polymethyl Methacrylate (PMMA) Market: By Country, 2020-2027
Table 6 Middle East & Africa Polymethyl Methacrylate (PMMA) Market: By Country, 2020-2027
Table 7 Latin America Polymethyl Methacrylate (PMMA) Market: By Country, 2020-2027
Table 8 Global Polymethyl Methacrylate (PMMA) by Type Market: By Regions, 2020-2027
Table 9 North America Polymethyl Methacrylate (PMMA) by Type Market: By Country, 2020-2027
Table 10 Europe Polymethyl Methacrylate (PMMA) by Type Market: By Country, 2020-2027
Table11 Asia-Pacific Polymethyl Methacrylate (PMMA) by Type Market: By Country, 2020-2027
Table12 Middle East & Africa Polymethyl Methacrylate (PMMA) by Type Market: By Country, 2020-2027
Table13 Latin America Polymethyl Methacrylate (PMMA) by Type Market: By Country, 2020-2027
Table14 North America Polymethyl Methacrylate (PMMA) for Application Market: By Country, 2020-2027
Table15 Europe Polymethyl Methacrylate (PMMA) for Application Market: By Country, 2020-2027
Table16 Asia-Pacific Polymethyl Methacrylate (PMMA) for Application Market: By Country, 2020-2027
Table17 Middle East & Africa Polymethyl Methacrylate (PMMA) for Application Market: By Country, 2020-2027
Table18 Latin America Polymethyl Methacrylate (PMMA) for Application Market: By Country, 2020-2027
Table 19 Global Type Market: By Region, 2020-2027
Table 20 Global Application Market: By Region, 2020-2027
Table 21 North America Polymethyl Methacrylate (PMMA) Market, By Country
Table 22 North America Polymethyl Methacrylate (PMMA) Market, By Type
Table 23 North America Polymethyl Methacrylate (PMMA) Market, By Application
Table24 Europe: Polymethyl Methacrylate (PMMA) Market, By Country
Table25 Europe: Polymethyl Methacrylate (PMMA) Market, By Type
Table 26 Europe: Polymethyl Methacrylate (PMMA) Market, By Application
Table 27 Asia-Pacific: Polymethyl Methacrylate (PMMA) Market, By Country
Table 28 Asia-Pacific: Polymethyl Methacrylate (PMMA) Market, By Type
Table 29 Asia-Pacific: Polymethyl Methacrylate (PMMA) Market, By Application
Table 30 Middle East & Africa: Polymethyl Methacrylate (PMMA) Market, By Country
Table 31 Middle East & Africa Polymethyl Methacrylate (PMMA) Market, By Type
Table 32 Middle East & Africa: Polymethyl Methacrylate (PMMA) Market, By Application
Table 33 Latin America: Polymethyl Methacrylate (PMMA) Market, By Country
Table 34 Latin America Polymethyl Methacrylate (PMMA) Market, By Type
Table 35 Latin America: Polymethyl Methacrylate (PMMA) Market, By Application
List Of Figures:
FIGURE 1 Global Polymethyl Methacrylate (PMMA) Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Polymethyl Methacrylate (PMMA) Market
FIGURE 4 Value Chain of Global Polymethyl Methacrylate (PMMA) Market
FIGURE 5 Share of Global Polymethyl Methacrylate (PMMA) Market in 2020, by country (in %)
FIGURE 6 Global Polymethyl Methacrylate (PMMA) Market, 2020-2027,
FIGURE 7 Sub segments of Type
FIGURE 8 Global Polymethyl Methacrylate (PMMA) Market size by Type, 2020
FIGURE 9 Share of Global Polymethyl Methacrylate (PMMA) Market by Type, 2020-2027
FIGURE 10 Sub segments of Application
FIGURE 11 Global Polymethyl Methacrylate (PMMA) Market size by Application, 2020
FIGURE 12 Share of Global Polymethyl Methacrylate (PMMA) Market by Application, 2020-2027