Press release
Polymethyl Methacrylate Market to reach USD 7.31 Mn by 2029, emerging at a CAGR of 4.75 percent and forecast 2023-2029
Polymethyl Methacrylate Market
Report Scope:
This comprehensive market research report analyzes the dynamics, drivers, restraints, and regional insights of the Polymethyl Methacrylate (PMMA) market. It also includes a detailed examination of the impact of the COVID-19 pandemic on market players.
Research Methodology:
Our research methodology involves a thorough analysis of industry data, historical trends, and market projections. We employ a set of industry-validated data and assumptions to provide insightful market data and projections.
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Polymethyl Methacrylate Market Dynamics:
Drivers and Restraints:
Polymethyl methacrylate, commonly known as PMMA, is a transparent and rigid plastic with a range of applications, including as a shatterproof alternative to glass in construction, signs, automotive components, and electronics. The market is primarily driven by the increasing demand for lightweight automotive parts to enhance fuel efficiency and reduce carbon emissions. However, fluctuating feedstock prices have hindered market growth during the forecast period. On the positive side, the rapid advancements in optoelectronics and growing investments in bio-based PMMA offer promising opportunities for market players. Key manufacturers are also focusing on research and development to introduce innovative products, enhancing their competitive edge.
Polymethyl Methacrylate Market Regional Insights:
• Asia Pacific (APAC) emerges as the dominant market, both in terms of value and volume. The Chinese market within APAC accounts for approximately 66% of the total PMMA market.
• Europe represents another significant market, accounting for 17% of the total market. The European automotive industry's strength in 2022 positively impacted the PMMA sector.
• North America holds a 15% share in the PMMA market, with a notable presence in the molding compound and semi-finished products segment.
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Polymethyl Methacrylate Market Segmentation:
by Form
Extruded
Cast Acrylic
Pellets
Beads
Others
by Application
Signs & Displays
Construction
Automotive
Others
by Grade
General purpose grade
Optical grade
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Polymethyl Methacrylate Market Key Players:
1. Mitsubishi Rayon Co. Ltd
2. Sumitomo Chemical Co., Ltd
3. Chi Mei Corporation
4. Evonik Industries AG
5. Kolon Industries, Inc.
6. Polycasa N.V.
7. Saudi Arabia Basic Industries Corporation
8. Gehr Plastics, Inc.
9. Kuraray Group
10. The Dow Chemical Company
11. Arkema SA
12. Asahi Kasai Corporation
13. LG MMA Corp.
14. Makevale Group
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Table of content for the Polymethyl Methacrylate Market includes:
1. Global Polymethyl Methacrylate Market: Research Methodology
2. Global Polymethyl Methacrylate Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Polymethyl Methacrylate Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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