The analysis helps in understanding the strategies adopted by various companies for the growth of the global PMMA market.

Portland, OR -- (SBWire) -- 07/27/2017 --Polymethyl Methacrylate (PMMA) is a synthetic resin produced from the polymerization of methyl methacrylate. It is a transparent and rigid plastic that is commonly used in shatterproof windows, skylights, illuminated signs, and aircraft canopies. The aim of the report is to analyze the present and estimated trends of the global specialty chemical market, as the demand of the product is expected to rise. The report provides a comprehensive analysis of the market potential in various industry applications. The study is focused on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.

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HIGH LEVEL ANALYSIS:

The PMMA market is an emerging field of the global synthetic resin market. The driving and restraining factors for this market are strategically dealt in this analysis and emphasis is given towards its growth opportunities. The global market is analyzed using Porter's five force model, which assists the stakeholders to understand the bargaining power of buyers & suppliers, threat of new entrants and competitive rivalry. As the PMMA based products are highly differentiated over the conventional material in many applications, the suppliers' bargaining power would be higher and the buyers would suffer with low bargaining power. As the switching cost of the consumers is high, the threat of substitute would be low. Due to their unequal market size, the intensity of rivalry would be low among the competitors present in the PMMA market. Moreover, the study includes a value chain analysis for better understanding of key players in the supply chain right from the manufacturers to end users.

COMPETITIVE LANDSCAPE:

The major players dominating the global Polymethyl Methacrylate market are Arkema SA, Chi Mei Corporation, Kuraray Co Ltd., Asahi Kasei Corporation, Evonik Industries AG, Makevale Group, Quinn Plastic, Saudi Basic Industries Corporation (Sabic), LG MMA Corporation, Mitsubishi Rayon Co. Ltd, and Sumitomo Chemical Company Limited. Mitsubishi Rayon and Saudi Basic Industries Corporation (SABIC) signed a joint venture agreement to build MMA and PMMA plants in Saudi Arabia.

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KEY MARKET SEGMENTS

MARKET BY APPLICATION

- Automotive
- Electronics
- Construction
- Signs & displays
- Sanitary ware
- Lighting fixtures
- Others

MARKET BY GEOGRAPHY

- Europe
- North America
- Asia pacific
- LAMEA