RnRMarketResearch.com adds “Polymethyl Methacrylate (PMMA) Market By Application, Grade & Form – Global Trends & Forecasts (2012 – 2017) “report to its research database.
Polymethyl Methacrylate (PMMA) is a transparent thermoplastic and impact resistant substitute of glass. It has good impact resistant, weather resistant and chemical resistant properties. It is light in weight, rigid and has color versatility. PMMA is used in various applications across automotive, electronics, construction, signs and displays, sanitary ware, lighting fixtures and other industries. Signs and display is a major market with largest consumption of PMMA followed by construction industry. Asia-Pacific is the largest geographic market and accounts for more than half of PMMA consumption. It is also the largest producer of PMMA. The second largest market is Europe followed by North America.
During global economic crisis PMMA market faced a decline in demand. In 2010 and 2011, the industry recovered from recession and registered significant growth. The estimated consumption of PMMA reached 1.67 million tones in 2011 globally. A boom light guided panel (LGP) based LCD screen market is one of the major drivers for this material.
Japan based Mitsubishi Rayon (including Lucite) is the largest supplier of PMMA. Some of the other major suppliers/manufactures are France based Arkema SA, South Korea’s LG MMA, Taiwan’s Chi Mei Corp., Germany’s Evonik Industries, and Japan based Sumitomo Chemical Company Ltd and Kuraray.
Methyl methacrylate (MMA) the key raw material and BASF, LG MMA, Arkema, Chi Mei, Dow Chemicals, Evonik, Mitsubishi Rayon and Sumitomo Chemicals are the major suppliers of MMA. In first half of 2011, industry faced short supply of MMA which restricted the supply of PMMA. Now both MMA and PMMA manufacturers are expanding their capacities to meet the future PMMA demand. Companies are also investing highly on R&D activities to develop better PMMA products. This will not only increase PMMA penetration in existing applications but also broaden the range of applications.
The report covers the major PMMA applications market which includes signs & displays, construction, automotive, lightning fixtures, electronics, and sanitary ware. The major on goings in the global PMMA are analyzed with respect to market drivers, opportunities, and winning imperatives related to the industry.
Based on the grade, the global PMMA market is segmented into general purpose and optical grade. PMMA market is majorly dominated by general purpose grade PMMA which accounted for 59.1% of the global PMMA market by consumption and the rest of the PMMA market is covered by optical grade PMMA.
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The PMMA market share has been analyzed by taking into consideration the production capacity of major players of PMMA market which includes Arkema SA (France), LG MMA (South Korea), Chi Mei Corp. (Taiwan), Sumitomo Chemical Company Ltd (Japan), Evonik Industries (Germany), Mitsubishi Rayon (Japan), and Quinn Plastics (U.K.). These companies are also analyzed with respect to their products and competitive development in the past few years along with future speculations. The major competitive developments in these companies involved are product developments, agreements, joint ventures, and plant capacity expansions. The study PMMA price in different geographical regions along with PMMA prices for Asia based companies has also been discussed in this report.
The report also profiles the major players mentioned above with respect to their business, products, developments, financials, strategies, and other company specific information. This gives a brief idea about the areas in which company is progressing and the expansion and penetration, the company has been able to gain within the PMMA industry.
The global PMMA application market is also segmented with respect to different geographical regions including North America, Europe, Asia, and ROW. The study analyzes the application market for these regions as well and gives market value with respect to consumption and revenue for different PMMA applications. Asia-Pacific region is the largest market for PMMA with an estimated 40% of global market revenue share in 2011 and is estimated to reach $4.49 billion by 2017. The market is further segmented with respect to geographic break down which includes China, Japan, South Korea, India, U.S., Canada, Mexico, Germany, U.K., France, Spain, and Italy.
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