What are the factors driving the Bio Based Polymethyl Methacrylate Market trends? Arkema, Mitsubishi Rayon, Sumitomo Seika Chemicals, SABIC, Evonik, The Dow Chemical Company, Makevale Group
Strong application scope in construction, automotive, signs & displays should drive product demand. Increasing demand for outdoor signage & light box, displays, and door & window cover may fuel extruded PMMA sheets market growth.
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• Evonik Industries
• Mitsubishi Rayon Group
• Altuglas International
• Kuraray Group
• Chi Mei Corporation
• Sumitomo Chemical Co., Ltd.
• Asahi Kasei Corp.
• Daesan MMA
• LG MMA
• Makevale Group
• Polycasa N.V.
• The Dow Chemical Company
• Shanghai Jing-Qi Polymer Science Co
The latest industry research report scrutinizes the PMMA market by different segments including regions, applications, companies, etc. over the projected time frame of seven years. This report provides a comprehensive overview of the PMMA industry comprising definitions, classifications, and market players in the industry chain structure. The qualitative and quantitative is offered for the market considering key development trends, competitive landscape, and crucial factors prevailing in the synthetic &Bio PMMA market.
The research report scrutinizes the global synthetic &Bio PMMA industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.
Global bio PMMA market will witness higher growth rates and exceed 530 kilo tons by 2022 during the estimated time frame. PMMA market price trend is likely to prove a vital factor in market penetration for bio-based alternatives. Global advertising expenditure is anticipated to surpass USD 670 billion by 2022. Increasing demand for low emission, light-weight and fuel efficient vehicles is projected to boost growth.
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Synthetic & bio PMMA Market By Application
• Signs & display
• Rear/sidelight units
Rising demand for LED flat panel display TVs, growth in sign and display segment, growing application scope in healthcare sectors are expected to impact the market growth positively. Fluctuating prices of raw materials are forecast to hamper PMMA market growth.
Methanol, acetone, and ammonia are key raw materials used for manufacturing process which generate toxic waste & possess environmental threat, may challenges industry profitability and affect PMMA market price trend. However, strict government guidelines to control GHG emissions should favor biobased PMMA market size.
U.S. polymethyl Methacrylate demand from construction applications is set to exceed USD 200 million by 2022. It is used for making door panels and windows which protects against UV and chemical resistance and other climatic conditions.
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China PMMA market size expects gains at above 7.5%. Increasing LED panels demand in manufacturing TVs and flat screens should drive regional growth. Increasing disposable income levels along with rapid industrialization should drive regional product demand.
Europe PMMA market size from electronics applications should witness gains at over 4%. Properties like scratch resistance, light transmission, and surface hardness may favor product demand in electronics industry for display units in this region.
PMMA Pellet may witness significant gains as it finds usage in sign & display, healthcare, automotive, and fashion & apparels industry. These products are available in different color variety and have the property to be modified in desired size & shapes.
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