Polymethyl Methacrylate (PMMA) Market Analysis 2018 to 2023 Leading Players - Arkema SA (France), Mitsubishi Rayon, Sumitomo Chemical, CHI MEI, Evonik Industries, Kolon Industries, Polycasa, Saudi Arabia Basic, Asahi Kasei, Gehr Plastics, Kuraray Group

Market Overview

However, PMMA is a weak material and is quite brittle, a fact that could be particularly damaging to the market growth. Despite threats, the market is set to grow by leaps and bound due to many major market players, in response to increasing demands, constantly investing in projects to expand their customer base and enhance the quality of the products in several parts of the globe. These players include Asian companies like Chi Mei in Taiwan and China and Mitsubishi Rayon in Korea. Moreover, the strategic activities such as partnerships and collaborations entered into by many players cannot be sidelined. For instance, in 2012, Ampaglas Plastics Group (South Africa) and Evonik Industries entered a joint venture and founded the joint venture Evonik Acrylics Africa (EAA) for the extrusion of PMMA semi-finished goods.

Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/sample_request/4864

Key Players

Some of the key players striving to make a mark in the Global Polymethyl Methacrylate Market include Polycasa N.V. (Belgium), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Asahi Kasei Corporation (Japan), Arkema SA (France), Mitsubishi Rayon Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. (Japan), CHI MEI Corporation (Taiwan), Evonik Industries AG (Germany), Kolon Industries, Inc. (South Korea), Gehr Plastics, Inc. (U.S.), Kuraray Group (Japan) and The Dow Chemical Company (U.S.) and others.

An artist by the name of Martin Barraud will be putting up sculptures made of Perspex Clear acrylic in communities and businesses across the UK. This will take place in a World War I memorial artwork aimed to raise USD 1.96 million to help veterans. The fundraising campaign will kick-start in venues such as St Pancras Station in London and the Tower of London. Perspex is among several trade names of poly methyl methacrylate that is lightweight and is a shatter-resistant alternative to glass, making it ideal for its usage in sculpture.

Market Segmentation

The Global Polymethyl Methacrylate Market is segmented on the basis of Type, Application and Regions.

By Type, the market is segmented on the basis of extruded sheets, pellets, cast sheets, and beads. The extruded sheets segment is leading among other segments owing to robust demand for high-performance sheets in various industrial sectors. Moreover, excellent thickness tolerance provided by extruded sheets make them ideal for applications that require complex shapes. Furthermore, these sheets also cost-efficient as they are produced using longer and economical techniques.

By Application, the market is segmented on the basis of signs & displays, construction, automotive, electronics, and others. A wide array of polymethyl methacrylate pipe materials are used for low & passive energy buildings. Hence, PMMA is extremely essential in the construction sector. In construction, PMMA is also used in door panels and window and door profiles. On the other hand, PMMA is highly suitable for large displays as well as spherical displays, as they enhance the aesthetic appeal of the display screens.

Regional Analysis

By Regions, the global market is split into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Among all regions, the market in Asia Pacific has emerged into a formidable entity, leading the global market due to a striking surge in automotive production along with rising construction spending. The strong growth of light emitting diode (LED) flat screens sales, particularly in countries such as China, India, Japan, South Korea, Thailand, Indonesia, and Malaysia. In addition, the rise of smart TV’s in the past few years has further fueled the consumption of PMMA in the electronics industry. Furthermore, PMMA manufacturers in the region are expanding continuously by embarking on various projects along with constant technological innovations keeping in mind environmental issues. For instance, Mitsubishi Rayon (Lucite) developed the C2-Alpha technology, in which ethylene, methanol, and carbon are used instead of acetone, HCN, and isobutylene, thus minimizing by-products and waste.

Read More about Report @ https://www.marketresearchfuture.com/reports/polymethyl-methacrylate-pmma-market-4864

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.