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. PMMA is widely used in LED and
flat panel televisions as a light guide for the backlights of
television. Its superior light transmittance compared to other polymers
makes it an ideal compound in televisions which is expected to fuel its
demand in electronics applications.
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. Growing concerns regarding the
presence of phthalate plasticizers in PVC has been a major factor for
the growing importance for PMMA in medical devices.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/polymethyl-methacrylate-industry/
PMMA is widely used as an alternative to glass in construction and
automotive segments. 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.
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 R&D to develop
bio-based alternatives is anticipated to reduce the dependability of
manufacturers on petrochemicals as raw material source. This is
anticipated to provide market participants opportunities in terms of
product innovation.
Product Insights
Extruded sheets emerged the leading product segment in the PMMA
market and accounted for more than 55% of the market share in 2012.
Extruded sheets are mainly used for LED screens, building facades, solar
panels and signs & displays. High electronics production and
consumption in China and India on account of growing manufacturing
sector and income levels respectively is expected to fuel the demand for
extruded sheets over the forecast period.
PMMA pellets are molded according to their use in various
applications such as signs & displays, automotive, medical devices
and clothing. Demand from these applications can be credited to the
demand for PMMA pellets in the market. Increasing usage of PMMA in the
lenses of automotive exterior lights is expected to complement the
market growth.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/69
Application Insights
Signs and displays emerged as the largest application segment and
accounted for over 37% of the market share in 2013. Increasing
expenditure on advertisements on account of increasing consumerism in
emerging markets around the globe has been a major driving factor for
high demand of PMMA in signs and displays. Electronics is expected to
emerge as the largest application segment for the market by 2020.
Growing electronics industry in China, Taiwan and South Korea coupled
with increasing demand for electronics in Asia, particularly television
sets, is expected to drive the market growth in electronics
applications. The market growth is further expected to be complemented
by increasing application in automotive, construction and medical
devices.
Regional Insights
Asia Pacific was the largest regional PMMA market and accounted for
about 69% of the market volume in 2013. Presence of LED flat screen and
TV manufacturers in the region particularly China, Taiwan and South
Korea coupled with increasing demand for electronics owing to increasing
income levels has been driving the market growth in the region. Low
manufacturing costs and availability of high skilled labor has been a
favorable to the increasing electronics production in the region.
This trend is also expected to complement the market growth to make
the fastest growing region over the next six years. North America is
expected to register considerable growth on account of high demand for
PMMA in electronics and sign & display applications. Slump in
construction and automotive industries on account of gloomy economic
scenario may challenge the market growth in the region.
Europe accounted for 16% of the market volume in 2013. The market is
expected to grow on account of increasing demand for PMMA in signs &
displays and automotive applications. The market witnessed drop in
demand in the recent past due to the recent Euro crisis. However,
recovery of economy in the region is expected to favorably impact the
market over the next six years.
Table of Contents
Chapter 1 Executive Summary
1.1 Polymethyl Methacrylate (PMMA) – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Polymethyl Methacrylate (PMMA) Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Polymethyl Methacrylate (PMMA) Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Polymethyl Methacrylate (PMMA) - Company Market Share Analysis
2.7 Polymethyl Methacrylate (PMMA) - PESTEL Analysis
Browse All Bulk Chemicals Industry Research Related Reports @http://www.hexaresearch.com/research-category/bulk-chemicals-industry/
Chapter 3 Polymethyl Methacrylate (PMMA) Product Outlook
3.1 Extruded Sheets
3.2 Cell Cast Sheets & Blocks
3.3 Pellets
3.4 Beads
Chapter 4 Polymethyl Methacrylate (PMMA) Application Outlook
4.1 Construction
4.2 Electronics
4.3 Automotive
4.4 Signs & Displays
4.5 Other
Chapter 5 Polymethyl Methacrylate (PMMA) Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Competitive landscape
6.1 Evonik Industries AG
6.2 Mitsubishi Rayon Group
6.3 Arkema SA (Altuglas International)
6.4 Kuraray Group
6.5 Chi Mei Corporation
6.6 Sumitomo Chemical Co. Ltd.
6.7 Dow Chemical Company
6.8 Polycasa N.V
6.9 Asahi Kasei Corporation
6.10 Daesan MMA
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
Browse Full Report @ http://www.hexaresearch.com/research-report/polymethyl-methacrylate-industry/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
No comments:
Post a Comment