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Global Poly Methyl Methacrylate (pmma) Market Was 7707.68 Million Us$ In 2017
Poly methyl methacrylate (PMMA) is a thermoplastic polymer of Methyl Methacrylate (MMA). It is a clear, strong and lightweight plastic generally used as a substitute to glass due to its energy efficiency and weather resistance.
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Global Poly Methyl Methacrylate (PMMA) Market: Forecast by Type / Application / Region
The global Poly Methyl Methacrylate (PMMA) market was 7707.68 million US$ in 2017 and is expected to 9883.53 million US$ in 2024, with a CAGR of 3.62% between 2017 and 2024.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include, Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi and Zhongmeng Longxin.
By the product type, the Poly Methyl Methacrylate (PMMA) market is primarily split into, General PMMA, Heat Resistant PMMA and Impact Resistant PMMA.
By the end users/Application, this report covers the following segments:, Construction, Photoelectricity, Lighting, Transportation and Others.
Poly methyl methacrylate (PMMA) production has relatively low technology barrier and is dispersive relatively. Currently, there are many producing companies in the world poly methyl methacrylate (PMMA) industry. The main market players are Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical and LG MMA. The sales of poly methyl methacrylate (PMMA) will increase to 2594.2 K MT in 2018 from 2267.2 K MT in 2013 with an average growth rate of about 2.73%.
The global revenue increase with the 3.54% average increasing rate from 2013 to 2018. Asia Pacific is the mainly consumption region due to the bigger demand of downstream applications. This region occupied 50.34% of the global consumption of poly methyl methacrylate (PMMA) in 2017.
Poly methyl methacrylate (PMMA) is mainly applied in construction, photoelectricity, lighting and transportation, etc. Among those, construction application occupies the largest consumption share of 34.27% in 2017. With the development of economy, the downstream application industries will need more poly methyl methacrylate (PMMA). So, poly methyl methacrylate (PMMA) has a huge market potential in the future.
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Related Information:
United States Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
Europe Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
North America Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
Asia-Pacific Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
China Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
EMEA Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
Global Poly Methyl Methacrylate (PMMA) Market 2018 Forecast to 2023
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