Global Polymethyl Methacrylate (PMMA) Market 2015-2019
About polymethyl methacrylate
Polymethyl methacrylate is a synthetic resin produced by the polymerization of methyl methacrylate. It is a clear acrylic material and can be used to replace glass in different products, such as electronic products and furniture. Since polymethyl methacrylate is a linear thermoplastic polymer, it possess high mechanical strength and is also highly scratch resistant.
Technavio's analysts forecast the global polymethyl methacrylate market to grow at a CAGR of 5.03%, in terms of volume, over the period 2014-2019.
Covered in this report
The report includes the segmentation of the market based on the following criteria:
Technavio Announces the Publication of its Research Report – Global Polymethyl Methacrylate Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Polymethyl Methacrylate Market: Arkema, BASF, Chi Mei, Evonik, Mitsubishi Rayon, Kuraray, SABIC and Sumitomo Chemical
Other Prominent Vendors in the market are: Makevale Group, Polycasa NV, and Asahi Kasei.
Commenting on the report, an analyst from Technavio’s team said: “There are many trends being witnessed in the global PMMA market, including the growing importance of bio based PMMA. Environmental regulation clearance from REACH and EPA is further expected to augment the global PMMA market. Additionally a shift in manufacturing from west to east will further fuel the demand in the global PMMA market.”
According to the report, there are many drivers contributing to the growth of the global PMMA market, including emerging demand for LEDs. The key benefit of PMMA in LED screens is the consumption of power. Additionally, intensifying demand from APAC will further spur the global PMMA market. A growing industrial and commercial base coupled with rapid growth of the construction industry in India and China is expected to augment the PMMA market in APAC.
Further, the report states that one of the main challenges is a dearth of demand in Europe — the rising unemployment rate, overleveraged banks, and policy spill overs in currency are discouraging bio-polyamide manufacturers from investing in Europe.
Arkema, BASF, Chi Mei, Evonik, Mitsubishi Rayon, Kuraray, SABIC, Sumitomo Chemical, Makevale Group, Polycasa NV, Asahi Kasei.
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