The global polymethyl methacrylate (PMMA) market is anticipated to reach USD 8.16 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for LED flat screens in Asia Pacific is projected to propel market demand over the coming years.
The PMMA industry has shifted its focus toward developing bio-based alternatives to combat volatile raw material prices. Eco-friendly PMMA is now being developed with the introduction of bio-based raw materials such as MMA from renewable organic feedstock. This in turn is anticipated to provide lucrative growth opportunities for new entrants.
Extruded sheets are expected to remain the dominant product segment with nearly 50% of the volume share in 2015. Extruded sheets have a better tolerance on thickness, typically +/-10%, as compared to cast acrylic sheets. The product is also expected to witness growth on account of its high transparency that makes it ideal for signs & displays in the advertising sector.
Access Full research report on PMMA Market analysis:
Further key findings from the study suggest:
Grand View Research has segmented the PMMA market on the basis of product, application and region:
PMMA Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
PMMA End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
PMMA Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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