According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Polymethyl Methacrylate Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Polymethyl Methacrylate Market Analysis and Size

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.

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Some of the major players operating in the Polymethyl Methacrylate Market are 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.

Polymethyl Methacrylate Market Growth Driver:

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.

Moreover, the surging demand for electrical & electronic appliances has led to the expansion of manufacturing capabilities. Thus, the growing demand from the electronics & electric industry is expected to create an opportunity for developing more PMMA manufacturing sites in the forecast years.

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Market Segment and Geographical Analysis

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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