Automotive and transportation segment is one such application market for PMMA. Growing concerns regarding the presence of phthalate plasticizers in PVC has been a major factor for the growing importance for PMMA in medical devices.
Volatile prices of acetone have impacted the pricing of methyl methacrylate which consequently faltered the prices of the profitability of manufacturers in PMMA market.
Increasing per Global polymethyl methacrylate pmma market to income among middle class in countries such as China and India is anticipated to fuel automotive sales, subsequently boosting product demand.
Increasing investments towards the development of such renewable products is also paving new market avenues.
Asia Pacific was followed by Europe and North America witnessing moderate growth due to Euro zone crisis and recession. On the basis of form, the market has been segmented into extruded sheet, pellets, beads, and cell cast sheets and blocks.
Increasing penetration of PMMA in medical devices market as an alternative to other medical polymers such as PVC and polypropylene owing to health hazards and low biocompatibility is expected to fuel the market growth over the next six years. However, volatile raw material prices of petrochemicals are expected to hinder market growth.
The report segments the global polymethyl methacrylate PMMA market as: Research is in process to develop PMMA from plant sugars through fermentation.
The market witnessed drop in demand in the recent past due to the recent Euro crisis. Research is conducted methodically including secondary as well as primary inquisition related to the polymethyl methacrylate PMMA market. The report states that the healthy growth of major end-use industries such as electronics, automotive, and signs and displays, especially in developing regions such as Asia Pacific is a major factors driving the global PMMA market.
It is a transparent and rigid plastic that is commonly used in shatterproof windows, skylights, illuminated signs, and aircraft canopies. Volatile prices of acetone have impacted the pricing of methyl methacrylate which consequently faltered the prices of the profitability of manufacturers in PMMA market.
This report gives a detailed description of the global polymethyl methacrylate PMMA market based on volume share kilo tons and revenue USD million for the period to As the switching cost of the consumers is high, the threat of substitute would be low.
Demand for light weight vehicles with better efficiency and lower emissions has seen a boost owing to strict regulatory laws executed in North America and Western Europe. The growing construction activities mainly in China, India, and Brazil owing to growing disposable income and governmental support in the nations is expected to drive market expansion.
PMMA extruded sheets witness huge demand from several traditional end-use industries such as electronics and automobiles. Secondary research also includes a search of recent trade, technical writing, internet sources financial reports, broker reports, investor presentations, SEC filings, and statistical data from government websites, relevant patent and regulatory databases, trade associations and agencies related to the polymethyl methacrylate PMMA market.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the key vendors in the market are Evonik Industries AG. Excellent thickness tolerance provided by these sheets make them ideal for applications where complex shapes are required.
These beads are also an ideal ingredient as binders in curable formulations such as glues, resins, and composites. Increasing construction spending coupled with growing automotive industry in emerging markets such as Brazil, China and India are expected to drive the market growth over the forecast period.
On the basis of form, the market has been segmented into extruded sheet, pellets, beads, and cell cast sheets and blocks. It is a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy efficiency and weather resistance.
The global polymethyl methacrylate (PMMA) market is expected to register a CAGR of about 3% during the forecast period, to Asia-Pacific accounted for the largest market in 1) An overview of the global market for Global Polymethyl Methacrylate (PMMA) Market and related technologies.
2) Analyses of global market trends, with data fromestimates for andand projections of compound annual growth rates (CAGRs) through Industry Insights. Global PMMA market is expected to witness significant growth over the next six years owing to increasing demand in electronics, automotive and signs & display applications.
This technical, market-oriented, and commercial research study of the global polymethyl methacrylate (PMMA) market involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva), to identify and collect information.
Polymethyl Methacrylate (PMMA) is a synthetic resin produced from the polymerization of methyl methacrylate. It is a transparent and rigid plastic that is commonly used in shatterproof windows, skylights, illuminated signs, and aircraft canopies.
The global polymethyl methacrylate (PMMA) market is expected to register a CAGR of about 3%, during the forecast period, to Asia-Pacific accounted for the largest market in Asia-Pacific is also expected to register the .Global polymethyl methacrylate pmma market to