The market size of PMMA was USD 4.20 billion in 2015. It is projected to reach USD 5.56 billion by 2021, at a CAGR of 4.7% between 2016 and 2021.
Browse 84 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) - Global Trends & Forecasts to 2021".
PMMA is a transparent thermoplastic and impact resistant substitute of glass. It is highly durable, weather, and chemical-resistant as compared to glass. It is lightweight, rigid, and has colour versatility. PMMA is available in two grades that are optical grade and general-purpose grade.
Optical grade PMMA is used to make light guide panels (LGP), as it provides high brightness and high purity grade making the screen brighter and cleaner. In this study, 2015 has been considered as the base year and 2016–2021 as the forecast period for estimating the market size of PMMA.
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PMMA is a transparent thermoplastic and impact resistant substitute of glass. It is highly durable, weather, and chemical-resistant as compared to glass. It is lightweight, rigid, and has color versatility. PMMA is available in two grades that are optical grade and general-purpose grade. Optical grade PMMA is used to make light guide panels (LGP), as it provides high brightness and high purity grade making the screen brighter and cleaner. General purpose is the most common grade that finds applications in molds, sanitary ware, cosmetics packaging, toys, household appliances, lighting fixtures, and furniture. PMMA is used in various applications such as automotive, electronics, construction, signs & displays, sanitary ware, and lighting fixtures.
Asia-Pacific is the fastest-growing PMMA market, in terms of both value and volume. The presence of growing economies and increasing industrial developments in the region offer enormous opportunities for the use of advance plastic materials in various applications, including PMMA. Automotive and electronics are among the major growing end-use industries for PMMA. The players in the PMMA market are focusing to tap the emerging opportunities in the market of Asia-Pacific. Europe is the second-largest market for PMMA, in terms of volume. The market in this region is primarily driven by the rising demand of high-performance plastics from end-use industries.
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Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), and Chi Mei Corporation (Taiwan) are some of the major players in the global PMMA market.
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