The PMMA market is projected to reach USD 5.56 Billion by 2021, registering a CAGR of 4.7% between 2016 and 2021.
Pune, India -- (SBWIRE) -- 08/25/2016 -- The report "Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) - Global Trends & Forecasts to 2021", The market size of PMMA is projected to reach USD 5.56 Billion by 2021, registering a CAGR of 4.7% during the forecast period. The increased demand of plastics with high strength, durability, chemical and UV resistance, and high light transmission among others are some factors that are driving the PMMA market.
Browse 84 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market - Global Trends & Forecasts to 2021"
Early buyers will receive 10% customization on this report.
"Signs & displays is the largest application"
The signs & display segment accounts for the largest share of the PMMA market. This is due to the favorable properties such as high strength, durability, resistance to chemicals and weathering, and ease of processing, which makes them suitable for making instruction boards, advertising boards, display boards, and signage. Electronics is the fastest-growing segment of the PMMA market. Increasing growth in this sector has paved the demand of PMMA for various applications such as appliances parts, LED/LCD screens, laptop & mobile phone screen, touch screens, and cover panels.
"PMMA beads are expected to witness the highest growth"
PMMA in beads form is expected to witness the fastest growth in the PMMA market during the forecast period. Their demand is increasing due to the increasing demand for various high-performance plastics. PMMA beads are preferred in the industry, as they are used to enhance the various properties of thermoplastics such as UV resistance, toughness (impact modifiers), optical properties, and chemical resistance. Thermoplastics made from PMMA are suitable for automotive, construction, lighting, electronics, and other application.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=715
"Asia-Pacific is the largest PMMA market"
Asia-Pacific dominated the global PMMA market in 2015. The demand of PMMA in the Asia-Pacific region is mainly driven by the rising demand for high quality plastics from end-use industries. Asia-Pacific is estimated to be the fastest-growing market for PMMA, in terms of value. This high growth is because of the increased demand from the automotive and electronics segments in the region. Moreover, the growing infrastructural development is increasing the demand of PMMA in the region.
Enquire Before Buying of this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=715
Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), and Chi Mei Corporation (Taiwan) are some of the major players in the global PMMA market.
Browse Related Reports:
Methyl Methacrylate (MMA) Adhesive Market by Material Type (Composites, Metals, Plastics, and Others), by Application (Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others), & by Region - Global Forecasts to 2020
Acrylic Resin Market by Type (Methacrylates, Acrylates & Hybrids), Solvency, Property (Thermoplastic & Thermosetting) & Application (Paints & Coatings, Construction, Industrial & Commercial, Paper & Paperboard, Textiles & Fibers & Adhesives) - Trends & Forecast to 2019
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com