The PMMA market is projected to register a CAGR of 4.8% (between 2014 and 2019) with market size projected at 2,433 KT by 2019. The Asia-Pacific region, with its growing economy and rapidly expanding commercial and industrial base is projected to experience the highest growth in demand between 2014 and 2019.
Innovative applications of PMMA can be the new revenue pockets in the future. Few of such examples observed are the underwater dining at the Anantara Kihavah Villas in the Maldives; headquarter of The Engine Room (U.K.); and creative relaxation program, ‘WOLKE 7 CLOUD 9' offered by Austrian artist sha.. In underwater dining, PMMA is used to make windows while at the office of The Engine Room (U.K.), it is deployed to mark their interiors with bold and visually exciting colors. Thus, such examples unfold new business opportunities both for the individual industry as well as for PMMA manufacturers.
The intensity of competitive rivalry in the PMMA market is medium. This is because the PMMA market is consolidated among Top 5 players, Mitsubishi Rayon/Lucite (Japan), Chi Mei Corporation (Taiwan), Sumitomo Chemical Company Limited (Japan), Arkema (France), and Evonik (Germany) that account for 77% of the overall PMMA market. Thus, each of the players has established their positions in the market for their products.
The PMMA market has been analyzed in terms of both volume (KT) and value ($Million) for the four regions, namely, the North America, Europe, Asia-Pacific, Rest of the World (RoW) and for the applications, namely, signs and displays, construction, automotive, lighting fixtures, sanitary ware, electronics, and others.
For this report, various secondary sources, such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, , trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the PMMA market. The primary sources that include experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess future prospects and market estimations.
This report analyzes different marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Evonik (Germany), Arkema (France), Mitsubishi Rayon (Japan), Chi Mei (Taiwan), LG MMA (South Korea), Kuraray (Japan), and SABIC (Saudi Arabia) have also been profiled in this report.
Pmma Market Share, By Region , By Volume ,2014
Source: MarketsandMarkets Analysis.
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