Polymethyl methacrylate (PMMA) market to witness growth owing to rising demand in electronics and automotive industries till 2020 “Global PMMA market volume is expected to reach 2.85 million tons by 2020, growing at a CAGR of 6.1% from 2013 to 2020.” The global polymethyl methacrylate (PMMA) market is expected to reach USD 10.87 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for LED flat panels and LED TVs is expected to be one of the key factors driving PMMA demand, especially in Asia Pacific, which is a major hub for electronic manufacturing. Growth of major end-use industries including electronics, automotive and signs & displays, mainly in emerging economies of China and India, are expected to boost the demand for PMMA over the forecast period. Grand View Research further observes that increasing R&D activities for developing bio-based PMMA coupled with emerging applications for optical grade PMMA in medical and healthcare, coatings and emulsions and solar power sectors is expected to drive its future market. Follow Us: Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/polymethyl-methacrylatepmma-industry PMMA extruded sheets alone accounted for over 55% of global market volumes in 2012. Extruded PMMA sheets find wide applications in numerous industries including electronics, signs and display, construction and automobiles among others. Owing to its new found use in coatings and emulsions market, PMMA beads (powder) form is expected to be the fastest growing market, at an estimated CAGR of 7% from 2013 to 2020. Cell cast sheet and blocks is another PMMA form widely used for construction activities owing to its impact strength and weather resistance. Further Key Findings from the Study Suggest: Global PMMA market volume is expected to reach 2.85 million tons by 2020, growing at a CAGR of 6.1% from 2013 to 2020 Signs and display applications emerged as the largest market for PMMA, with over 35% of global volumes in 2012. The electronics industry, including flat display screens, is expected to be the fastest growing application market for PMMA at an estimated CAGR of 7.7% over the next six years. In addition, broadening application of PMMA in other end use industries such as furniture and interiors, sanitary ware, fashion and apparel among others, is expected to boost its consumption over the next six years Asia Pacific dominated the PMMA market, accounting for over 65% of the global demand in 2012. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for PMMA, at an estimated CAGR of 7.3% from 2013 to 2020. Europe is expected to witness moderate growth rate in Follow Us: the near future, while Middle East and Africa and Central and South America are expected to show above average growth for PMMA demand Growth of electronics industry, mainly in Taiwan, South Korea and China is expected to boost the demand for PMMA over the next six years. Asia Pacific is considered to be the most attractive market, with relaxed regulations and cheap availability of labor and technology. Increased production of LED flat panels and LEDTVs has given a boost to PMMA demand in recent years, a trend which is expected to continue over the forecast period The global market for PMMA is highly consolidated and dominated by top multinational corporations. Top four companies namely, Mitsubishi Rayon, Altuglas International, Evonik Industries and Chi Mei Corporation account for approximately three-fourth of the total PMMA produced worldwide in 2012 Read our blog On Bulk Chemicals Industry: http://www.grandviewresearch.com/blogs/bulk-chemicals Table of content of global Polymethyl methacrylate (PMMA) market research report: Chapter 1 Executive Summary 1.1 Polymethyl Methacrylate (PMMA) - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Polymethyl Methacrylate (PMMA) Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects Follow Us: 2.3 Polymethyl Methacrylate (PMMA) Market Dynamics 2.4 Key Opportunities Prioritized 2.5 Industry Analysis - Porter's 2.6 Polymethyl Methacrylate (PMMA) - Company Market Share Analysis 2.7 Polymethyl Methacrylate (PMMA) - PESTEL Analysis Chapter 3 Polymethyl Methacrylate (PMMA) Product Outlook 3.1 Extruded Sheets 3.2 Cell Cast Sheets & Blocks 3.3 Pellets 3.4 Beads Chapter 4 Polymethyl Methacrylate (PMMA) Application Outlook 4.1 Construction 4.2 Electronics 4.3 Automotive 4.4 Signs & Displays 4.5 Other Chapter 5 Polymethyl Methacrylate (PMMA) Regional Outlook Follow Us: 5.1 North America 5.2 Europe 5.3 Asia Pacific 5.4 RoW Chapter 6 Competitive landscape 6.1 Evonik Industries AG 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 Mitsubishi Rayon Group 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 Arkema SA (Altuglas International) 6.3.1 Company Overview Follow Us: 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 Kuraray Group 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Chi Mei Corporation 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 Sumitomo Chemical Co. Ltd. 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking Follow Us: 6.6.4 Strategic Initiatives 6.7 Dow Chemical Company 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Polycasa N.V 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Asahi Kasei Corporation 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Daesan MMA Follow Us: 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11 LG MMA 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12 Saudi Basic Industries Corporation (SABIC) 6.12.1 Company Overview 6.12.2 Financial Performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives 6.13 Makevale Group 6.13.1 Company Overview 6.13.2 Financial Performance Follow Us: 6.13.3 Product Benchmarking 6.13.4 Strategic Initiatives 6.14 Shanghai Jing-Qi Polymer Science Co 6.14.1 Company Overview 6.14.2 Financial Performance 6.14.3 Product Benchmarking 6.14.4 Strategic Initiatives Chapter 7 Methodology and Scope 7.1 Research Methodology 7.2 Research Scope & Assumption 7.3 List of Data Sources Follow Us: About Grand View Research, Inc.: 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com Web – http://www.grandviewresearch.com/ Follow Us:
The global polymethyl methacrylate (PMMA) market is expected to reach USD 10.87 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for LED flat panels and LED TVs is expected to be one of the key factors driving PMMA demand, especially in Asia Pacific, which is a major hub for electronic manufacturing. Growth of major end-use industries including electronics, automotive and signs & displays, mainly in emerging economies of China and India, are expected to boost the demand for PMMA over the forecast period. For more information visit - www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry
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