Synthetic & Bio PMMA market size worth $14.4 billion by 2022
Published Date: March 8, 2016 Author: Global Market Insights, Inc.
PMMA market size is anticipated to exceed USD 11.5 billion by 2022; as per a new research report by Global Market Insights, Inc. Increase in branding activities by multinational corporations & regional companies, in the form of hoardings and visual displays is anticipated to drive demand.
Request for a sample of this research report @ http://bit.ly/2e7UcFn
Increasing consumer awareness for light weight vehicles with better fuel efficiency coupled with regulations to curb pollution levels is likely to favor growth. Global bio PMMA market size is likely to exceed USD 2.6 billion by 2022 with estimated gains of more than 17.5%.
PMMA extruded sheets market dominated consumption and accounted for more than 56% of the total demand in 2014. Growth in signs & display industry coupled with gaining LED screen popularity among is likely to favor extruded sheets growth. Cell cast sheet & blocks are anticipated to witness highest gains at 7% from 2015 to 2022.
Increasing installations of flat panel displays in TV units owing to growing consumer demand is likely to positively influence the market. Growing application scope in medical & healthcare sector in manufacturing dentures, syringes, bone cements and cuvettes is likely to drive PMMA demand. Stringent government regulations owing to release of GHG (green house gases) from using raw materials such as ammonia, methanol and acetone is likely to hamper industry growth. Investments to develop green bio PMMA production routes are likely to generate new growth opportunities.
Make an inquiry for purchasing this report @ http://bit.ly/2dZQ1K1
Key insights from the report include:
Global PMMA market size registered 1.97 million tons in 2014 and is likely to reach 3.25 million tons by 2022, at an estimated CAGR of 6.5%.
Signs and display was dominant application and accounted for 37.3% of the total demand in 2014. Electronic application is likely to witness highest gains at 7.8% from 2015 to 2022.
Bio PMMA market size is anticipated to reach 536.7 kilo tons by 2022, growing at a CAGR of 16.9% from 2015 to 2022. Europe bio PMMA market size was dominant and accounted for more than 45% of the total volume in 2014.
Electronic application based bio PMMA market share was the largest and accounted for more than 34% of the total demand in 2014. Automotive applications were the second largest and constituted 24% of the total demand in 2014.
Asia Pacific was dominant region and accounted for 68.8% of the total volume in 2014. This region is likely to witness highest gains with presence of huge consumer base and is also expected to benefit from with cheap labor cost availability in India & China.
U.S. PMMA market share is likely to witness moderate gains at 3.7% from 2015 to 2022 owing to improving economic conditions and growth of automotive & construction industry post recession.
Global polymethyl methacrylate market share is concentrated with top four multinational companies catering to more than 60% of the total volume. Key manufacturers include Arkema, Mitsubishi Rayon, Chi Mei Corp and Sumitomo Chemicals. Other major manufacturers include Kuraray, Asahi Kasei, LG MMA and Dow Chemical.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
29L Atlantic Avenue,
Suite L 105, Ocean View,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic & Bio PMMA market size worth $14.4 billion by 2022 here
News-ID: 372217 • Views: 475
More Releases from gminsights
Luxury Wine & Spirit Market Size, Industry Analysis Report, Regional Outlook
Luxury Wine & Spirit Market size will witness significant growth due to increase in demand for applications in food and beverages industry. Rise in disposable income has enhanced the buying power of consumers, that in turn has helped them to opt for niche products. These have exceptional quality of raw materials that enhance customer satisfaction and spur its demand. Improved distribution channels of companies are anticipated to boost luxury wine
Vitamin E Market size worth over $2.4bn by 2024
Vitamin E Market size is expected to exceed USD 2.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Increased consumer affordability coupled with rising health concerns should drive global vitamin E market size. Rising applications scope in pharmaceutical industry for treating Alzheimer's infection, diabetes, night cramps, Parkinson's disease, epilepsy, traumatic brain injury, multiple sclerosis, cerebral palsy and Huntington's disease, is evaluated to fuel industry
Prebiotics Market worth over $8.5 Bn by 2024
Prebiotics Market size is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global prebiotics market size may witness consumption of over 1.35 million tons by 2024. Rise in consumer awareness regarding healthy diet consumption leads to increase in food & feed ingredients demand which have a positive influence for growth in dietary supplement market size. They are indigestible dietary
Bio Vanillin Market size worth over $19mn by 2023
Bio Vanillin Market size is expected to surpass USD 19 million by 2023; according to a new research report by Global Market Insights, Inc. Increasing consumer preference towards natural ingredients in food & beverage and personal care formulations will drive global bio vanillin market demand. Natural ingredients have been steadily gaining acceptance with consumers, especially across evolved markets, along with regulatory support for labeling standards. Bio vanillin has been developed
More Releases for MMA
Monobutylamine (MMA) Market 2022 | Detailed Report
The Monobutylamine (MMA) report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry. The Monobutylamine (MMA) report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them
2020 Methyl Methacrylate (MMA) Industry Report- Growth by Key Countries and Glob …
ReportsnReports added a new report on The Methyl Methacrylate (MMA) Industry report delivers the clean elaborated structure of the Report comprising each and every business-related information of the market at a global level. The complete range of information related to the Methyl Methacrylate Industry is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of
Global MMA Triazine Market Growth 2019-2024
LP INFORMATION offers a latest published report on MMA Triazine Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the MMA Triazine market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
Methyl Methacrylate (MMA) Market
Methyl methacrylate (MMA) is an important acid ester, which is a colorless monomer compound. The most important use of MMA is in the manufacture of poly-methyl methacrylate (PMMA). PMMA is a transparent thermoplastic used as a shatter-resistant option to glass. Due to its excellent tensile strength, flexural strength, transparency, polishing, UV tolerance, and scratch resistance properties, PMMA is used in the form of sheets to produce mobile phone screens, LCD
Global Synthetic and Bio-based PMMA market 2018 - Asahi Kasei Corp, Daesan MMA, …
Apex Market Reports, recently published a detailed market research study focused on the "Synthetic and Bio-based PMMA Market" across the global, regional and country level. The report provides 360° analysis of "Synthetic and Bio-based PMMA Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Synthetic and Bio-based PMMA industry, and estimates the
Evolution MMA Announces Francisco Rodriguez their New Kids and Teens MMA Instruc …
Miami, FL: Evolution Mixed Martial Arts is pleased to announce the arrival of its new kids and teens MMA coach and adult Brazilian Jiu-jitsu instructor, Francisco Rodriguez. Frankie is a purple belt in Brazilian Jiu-jitsu and an experienced Mixed Martial Artist. He was born in Miami, Florida on April 15, 1987 and moved to Puerto Rico a few years later, where he grew up under the care of his grandmother.