Press release
(Polymethyl Methacrylate) PMMA Market: Dow Chemical, Polyone Corporation, Lucite International, Evonik Industries, Arkema, Mitsubishi Rayon
Increasing medical expenditure in BRICS nations should favor polymethyl methacrylate market size growth. It possesses optical clarity & excellent transparency, surface hardness and UV resistance and chemical resistance. PMMA's biocompatibility, reliability, ease of manipulation makes it a preferred choice for dental applications such as cavity fillings.
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U.S. PMMA market size dominates the global healthcare application space and may generate over USD 80 million by 2024. Stringent FDA norms to minimize the use of conventional polymers/plastics such as polycarbonate & PVC owing to hazardous contents (phthalates) which can be transferred to human may drive PMMA market share in healthcare applications.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Dow Chemical
2. Polyone Corporation
3. Lucite International
4. Evonik Industries
5. Arkema
6. Mitsubishi Rayon
7. Chi Mei
8. Sumitomo Chemical
APAC, led by India and China PMMA market size, is poised to grow at 8% CAGR by 2024. Regional government sanctions to aimed at increasing medical device purchasing budgets coupled with introduction of private and multinational healthcare providers may drive domestic growth.
Europe PMMA industry may register over USD 70 million revenue by 2024. UK, Germany, Italy, Spain and France are major healthcare markets in this region. In most of Europe, especially Western Europe, the healthcare system primarily depends on government funding.
Pharmaceutical handling application in APAC is poised to surpass 1.4 kilo tons by 2024. Growing number of cases in chronic diseases and presence of untapped market opportunities in the region may drive industry growth.
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MEA, led by South Africa may grow significantly by 2024. Increasing healthcare expenditure coupled with rise in medical devices industry may have a positive influence in healthcare industry and stimulate PMMA market demand.
Global (Polymethyl methacrylate) PMMA market share in healthcare industry is competitive. Notable industry participants include Lucite International, Evonik Industries, Polyone Corp and Arkema.
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