Press release
U.S. Polymethyl Methacrylate Film And Sheet Market Is Expected To Reach $1.11 Billion By 2025: Grand View Research, Inc.
PMMA film & sheet are increasingly being utilized to design unique, innovative and aesthetically appealing advertising displays. Increasing consumer consciousness regarding sustainability has driven the demand for communication media materials with high biodegradability, lower toxicity, and emissions.
The automotive sector has also been utilizing increasing amounts of the material for lightweight component manufacturing, LED illumination applications and other molding compound or fabrication in interiors & exteriors. Stringent federal regulations implemented by the Environmental Protection Agency (EPA) and California Air Resources Board (CARB) are also driving the demand for lightweight automotive components & materials.
Signage & displays occupied the highest volume share of around 33% in 2015 in the films segment. Growing demand for optoelectronics and specialized media & communication displays is a major driving factor in the U.S. Furthermore, a shift in trend towards digital marketing and growing awareness regarding paper wastage has contributed to segment growth.
Browse full research report on U.S. Polymethyl Methacrylate (PMMA) Film And Sheet Market:(http://www.grandviewresearch.com/industry-analysis/us-polymethyl-methacrylate-pmma-film-sheet-market?utm_source=referral&utm_medium=pressrelease&utm_campaign=Snehali_May)
Further key findings from the report suggest:
• PMMA film & sheet demand in the U.S. was estimated at over 178 kilo tons in 2015 and is expected to grow at a CAGR of 3% over the forecast period
• Signage & displays emerged as the largest application segment for films in 2015 and is estimated to occupy over 32% volume share by 2025
• Construction applications are also expected to remain a significant application, owing to increasing demand for glass substitutes that do not shatter under impact and offer protection & safety for building residents
• Automotive parts are expected to be the fastest growing segment with a CAGR of 4.5 % from 2016 to 2025 owing to increasing demand for lightweight and durable structural components
• Top players Evonik Industries, Arkema Group and Lucite International accounted for about 70% of the market share in 2015
• Prime companies such as Arkema Inc. and Lucite International have made large investments in R&D towards improving production processes by reducing costs & improving efficiency
• New projects have also been undertaken for producing bio-PMMA from plant sugars to meet sustainability criterion
• Other significant participants include Unigel Group, Plazit-Polygal group, Polyone Corporation and Plaskolite
Grand View Research has segmented the U.S. PMMA film & sheet market on the basis of film applications & sheet applications:
Films Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
• Construction
• Automotive Parts
• Consumer Electronics
• Signage & Displays
• Others
Sheets Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
• Construction
• Furniture
• Automotive Parts
• Consumer Electronics
• Signage & Displays
• Medical & Healthcare
• Others
For more information: www.grandviewresearch.com
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Press Contact
Sherry James - Corporate Relations Specialist
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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