Polymethyl Methacrylate Market 2024:Key Players Dow Chemical, Polyone Corporation, Lucite International, Evonik Industries,Global (Polymethyl Methacrylate) PMMA Market size which was evaluated at more than $116 million in 2015 is projected to register a CAGR of higher than 7.6% till the end of forecast period. Shift in trend towards substituting traditional medical polymers like polycarbonate and polyvinyl chloride with high performing harmless polymers is expected to propel industry demand in medical applications.
Increasing spending on global healthcare applications coupled with heavy medical equipment sales will produce more avenues for global industry across healthcare segment.Rising healthcare spending in BRICS (Brazil, Russia, India, China and South Africa) countries has fuelled the global (Polymethyl Methacrylate) PMMA industry growth. Rise in aging population in Europe, U.S. and Japan has boosted global (Polymethyl Methacrylate) PMMA market growth.
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However, tight supply of raw substances for manufacturing monomers can limit supply of product and can adversely affect global (Polymethyl Methacrylate)PMMA market price trend in healthcare applications.
Global (Polymethyl Methacrylate)PMMA market is segmented into applications like laboratory ware, medical ware and pharmaceutical handling.
Laboratory ware segment is expected to experience biggest gains and register CAGR of more than 6.2% during forecast timeframe. Rising old age population across the globe and increase in IV diagnostics is anticipated to positively influence industry growth. Heavy industry penetration of modern diagnostic tools like tissue diagnostics and molecular diagnostics in North American region can favor demand of the product.
Medical ware was dominant application segment in 2015 and produced more than $52.1 million revenue during that year. Rising occurrence of cataract and myopia owing to rising old age population can promote demand of intraocular lenses fuelling industry demand in medical ware applications.
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Pharmaceutical handling segment is projected to record a CAGR of more than 4.1% by 2024 and register maximum growth. Launch of RFID (Radio frequency identification)cabinets in pharmaceutical sector can increase product demand. Rising occurrence of different chronic ailments can favorably influence cabinets demand and propel industry growth in pharmaceutical handling applications.
U.S. (Polymethyl Methacrylate)PMMA market led the industry demand for North America. It was evaluated at more than $48.1 million for 2015. Large aging population in U.S. along with strict FDA (Food and Drug Administration) rules to reduce use of harmful plastics in medical sector is predicted to favorably influence industry expansion.
APAC (Polymethyl Methacrylate)PMMA industry led by India and China is predicted to record CAGR of about 8% during forecast period and register maximum gains. Growth of medical equipments segment owing to technological breakthroughs in China and Japan are key aspects driving regional industry growth.
Europe (Polymethyl Methacrylate) PMMA market, dominated by Italy, UK, France, Spain and Germany, is anticipated to record CAGR of about 5% and cross revenue mark of $71 million by end of forecast period. Rising demand for medical equipments like dentures, incubators and desiccators is one of the key factors contributing to the industry growth in the region.
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Chapter 2 Executive Summary
2.1. Polymethyl Methacrylate (PMMA) industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Application trends
Chapter 3 PMMA Healthcare Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Raw material insights
3.3.2 Major MMA and PMMA integrated suppliers
126.96.36.199 Evonik Industries A.G.
188.8.131.52 Lucite International
184.108.40.206 Altuglas International
220.127.116.11 Polyone Corporation
3.3.3 PMMA converters/processors
18.104.22.168 Major PMMA converters in North America
22.214.171.124 RTP Company
126.96.36.199 Ridout Plastics Company
188.8.131.52 Modern Plastics
184.108.40.206 Emco Industrial Plastics, Inc.
220.127.116.11 Everything Plastic
18.104.22.168 Tap Plastics
22.214.171.124 Reynolds Polymer Technology, Inc
3.4 Healthcare PMMA key buying criteria
3.4.1 Quality/grade/application development
3.4.2 Supplier’s credibility/brand
3.4.4 Regulatory approval
3.4.5 After sales service
3.5 PMMA medical grade pricing analysis
3.6 Industry impact forces
3.6.1 Growth drivers
126.96.36.199 Emergence of PMMA as an alternative to conventional medical polymers
188.8.131.52 Rising prevalence of osteopenia and osteoporosis
184.108.40.206 Increasing application scope in medical devices
3.6.2 Industry pitfalls & challenges
220.127.116.11 Fluctuation in feedstock prices
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
3.10 SWOT Analysis
3.11 Production landscape
3.12 Technology landscape
Chapter 4 PMMA Healthcare Market, By Application
4.1 PMMA healthcare by application market share, 2015 & 2024
4.2 Medical Ware
4.2.1 Market estimates & forecast, 2013 – 2024 (Kilo Tons) (USD Million)
4.2.2 Market estimates & forecast by region, 2013 – 2024 (Kilo Tons) (USD Million)
4.3 Laboratory Ware
4.3.1 Market estimates & forecast, 2013 – 2024 (Kilo Tons) (USD Million)
4.3.2 Market estimates & forecast by region, 2013 – 2024 (Kilo Tons) (USD Million)
4.4 Pharmaceutical Handling
4.4.1 Market estimates & forecast, 2013 – 2024 (Kilo Tons) (USD Million)
4.4.2 Market estimates & forecast by region, 2013 – 2024 (Kilo Tons) (USD Million)
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