Polymethyl Methacrylate (PMMA) Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Polymethyl Methacrylate (PMMA) Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Polymethyl Methacrylate (PMMA) market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Polymethyl Methacrylate (PMMA) Reports Highlights

What is the size of the Polymethyl Methacrylate (PMMA) Market?

The Global Polymethyl Methacrylate (PMMA) market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28, due to the large-scale applications of this chemical compound in the automotive, construction, and lighting industries, among others. Further, the growing use in biomaterial applications such as bone cement, and lenses, along with in dental implants where the polymer material is used to replace lost tooth roots, would drive the market growth in the forthcoming years.

What do the growth prospects and trends look like in the Polymethyl Methacrylate (PMMA) Industry?

Burgeoning Growth of the Electronics & Electric Industry to Positively Impact the Market - The rising demand for PMMA for the manufacturing of electronic equipment displays, LCD screens, mobile phone screens, etc., due to its benefits such as durability, light transmittance, high scratch & impact resistance, etc., has positively contributed to the growth of the market during 2018-22. In addition, the growing disposable income of customers from across the globe is positively impacting the commercial sales of electronic gadgets such as mobile phones, TV & video equipment, etc.

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What Components are encompassed within Polymethyl Methacrylate (PMMA) Market segmentation?

The report has divided the market into the following segments:

By Type

-Beads

-Resins

-Extruded Sheets

-Acrylic Sheets

By End User

-Building & Construction

--Bathroom & Fittings

--Lighting & Fixtures

--Doors, Windows & Railings

--Others (Furnishing & Decors, etc.)

-Automotive & Transportation

-Consumer Goods (Electronics)

-Paints & Coatings

-Marine

-Packaging

-Others (Visual Communication Tools, Cosmetics, etc.)

By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East and Africa.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Trinseo

-LG Chem Ltd.

-Mitsubishi Chemical Holdings Corporation

-Sumitomo Chemical Co. Ltd.

-SABIC

-LG MMA Corporation

-The Dow Chemical Company

-Evonik Performance Materials GmbH

-Kurary Group

-Chi Mei Corporation

-Asahi Kasei Corporation

-Makevale Group

-Polycasa N.V.

-Röhm GmbH

-LOTTE Chemical CORPORATION

-Others.

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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