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Global Polymethyl Methacrylate (PMMA) Market to Grow owing to Increasing Demand from Multiple End-use Applications

Blog Description

Polymethyl methacrylate (PMMA) is a clear, lightweight, and strong plastic; it is a thermoplastic polymer of methyl methacrylate (MMA) commonly used as an alternative to glass because of its energy efficiency. Polymethyl methacrylate is available in the global market in two different grades and is classified into general purpose and optical grade as per its usage. Extruded sheet, cell cast sheets, beads, and pellets or resins are the four forms in which polymethyl methacrylate is manufactured. Polymethyl methacrylate is widely used in various industries such as furniture and interiors, sanitary ware, fashion and apparel, solar panels, signs and displays, electronics, lighting and decorative, and medical and healthcare.

Browse the full Global PMMA Market Report:

Asia Pacific to Lead Global PMMA Market

Phenomenal growth of end-use industries such as automobiles, electronics, and construction is expected to propel the global polymethyl methacrylate market during the period from 2013 to 2019.

The global PMMA market is segmented on the basis of form, application, and region. By region, the global PMMA market is divided into Europe, North America, Asia Pacific, Central and South America, and the Middle East and Africa. In 2012, in terms of volume, Asia Pacific led the global polymethyl methacrylate  market by accounting for 50% of the volume. In 2012, Europe was the second largest market for polymethyl methacrylate, followed by North America. The Middle East is expected to have its first ever PMMA plant in Saudi Arabia, planned to be set up by SABIC with Mitsubishi Rayon Company. The Middle East and Africa region is predicted to register above-average development in the polymethyl methacrylate  market in the coming years.

Emergence of novel PMMA applications and introduction of new forms by the leading players is expected to propel the global polymethyl methacrylate market in the coming years. Mitsubishi Rayon Company, Arkema SA, Chi Mei Corporation Sumitomo Chemical Company, Evonik Industries AG, and The Dow Chemical Company are some of the prominent players in the global polymethyl methacrylate market.

Signs and Display Segment to Dominate Demand from Global PMMA Market

Based on application, the global polymethyl methacrylate market was dominated by the signs and display application segment in 2012. The signs and display segment accounted for 35% of the market and is expected to maintain its dominant position by 2019. The electronics application segment is predicted to grow rapidly at an 8.30% CAGR during the period between 2013 and 2019. Increasing disposable income of consumers across developing countries is predicted to drive demand for PMMA from the electronics application segment during the forecast period. The high energy efficiency of polymethyl methacrylate is expected to contribute to growth in demand from the automotive and transportation segment.

Browse the full Press Release of Global PMMA Market

By form, the global polymethyl methacrylate market is classified into pellets, extruded sheet, cell cast sheet and blocks, and beads. In 2012, the global polymethyl methacrylate market was dominated by the extruded sheets segment, as this segment accounted for more than 50% of the total market. The beads segment of the global polymethyl methacrylate market is predicted to expand at a 7.60% CAGR during the period from 2013 to 2019.