Polymethyl Methacrylate Market 2021

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Polymethyl Methacrylate (PMMA) MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Polymethyl Methacrylate (PMMA) MARKET 2020
Polymethyl Methacrylate (PMMA) Market 2020
Industry Survey, Growth, CompetitiveLandscape
and Forecasts to 2023
PMMA is formed through block, emulsion or
suspension polymerization of Methacrylic Acid.
PMMA is a linear thermoplastic polymer. PMA has a
lack of methyl groups on the backbone carbon
chain, its long polymer chains are thinner and
smoother and can slide past each other more
easily, so the material becomes softer. It is a
linear thermoplastic polymer and exhibits high
material strength. Key driving factors prevalent
in the Global PMMA Market include increasing
automotive sales, expanding electronics industry
along with the rise of signs display industry.
The rising demand for LEDs along with
miniaturization of electronic components is
anticipated to propel demand over the forecast
period. Operational alterations in the
methacrylate production concentrated in the past
years on consolidation in the European and North
American as well as massive capacity expansion in
Asia. PMMA capacity globally has increased by
over 25 in last seven years. However, recovery
of global demand for PMMA molding compounds and
semi-finished products is highly differentiated
in the different sectors and regions.
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Polymethyl Methacrylate (PMMA) MARKET 2020
Market Segmentation Globally, PMMA Market is
classified on the basis of Type and Application.
The market is categorized into extruded sheets,
pellets, cast sheets, and bead on the basis of
type. Extruded sheets emerged as the leading
product segment and accounted for nearly half of
the market share in 2016. Robust demand for the
product as high-performance sheets in various
end-use industries is expected to drive market
growth. Extruded sheets have also emerged as the
economically viable option due to low production
cost. The rising usage of acrylic beads as a
texturing agent for thermoplastics or coatings is
set to further uplift market growth. Acrylic
beads are expected to emerge as the leading type
over the forecast period due to increasing
application scope. On the basis of the
application, the market is segmented into signs
displays, construction, automotive, electronics,
and others. PMMA is widely utilized in internally
lighted signs for advertising and directions due
to superior properties such as excellent
transmission of visible light. Increasing demand
for telecommunication signs displays and
endoscopy applications to produce fiber optics
made from PMMA due to its uncommon characteristic
to retain a beam of reflected light within
surfaces. Rising prominence of lightweight
components in the automotive industry to
accomplish fuel-efficiency is enhancing PMMA
consumption in the automotive sector. Automotive
glazing has also emerged as one of the fastest
growing applications among manufacturers due to
the high weathering UV resistance of
PMMA. Enquiry of the Report https//www.marketres
earchfuture.com/enquiry/4864
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Polymethyl Methacrylate (PMMA) MARKET 2020
Regional Analysis
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om/reports/polymethyl-methacrylate-pmma-market-486
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Polymethyl Methacrylate (PMMA) MARKET 2020
Application Major Players in this Research
Polymethyl Methacrylate (PMMA) Market Prominent
Players Key companies operating in the Global
Polymethyl Methacrylate (PMMA) Market are Arkema
SA (France), Mitsubishi Rayon Co. Ltd. (Japan),
Sumitomo Chemical Co. Ltd. (Japan), CHI MEI
Corporation (Taiwan), Evonik Industries AG
(Germany), Kolon Industries, Inc. (South Korea),
Polycasa N.V. (Belgium), Saudi Arabia Basic
Industries Corporation (Saudi Arabia), Asahi
Kasei Corporation (Japan), Gehr Plastics, Inc.
(U.S.), Kuraray Group (Japan) and The Dow
Chemical Company (U.S.) among others.
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