U.S. Poly methyl Methacrylate (PMMA) Market is expected to reach USD 1.02 billion by 2022, according to a new report by Grand View Research, Inc. Increasing PMMA consumption in automotive and construction industries is expected to drive growth over the forecast period. These industries have reached pre economic crisis levels, which have prompted the domestic demand. Volatile MMA prices coupled with stringent regulations are expected to impact profitability of key manufacturers.
Extruded sheets were the largest product segment and accounted for over 50% of total domestic demand in 2014. Rising application in LED screens, solar panels, visual marketing communication displays and interiors is expected to drive product growth. Pellets are expected to witness the highest growth of 3.6% from 2015 to 2022. Rising demand from intermediate processors who require product variety and color diversity is expected to drive product growth.
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Further key findings from the study suggest:
View all Related Reports from same Category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the U.S. PMMA market on the basis of product and application:
U.S. PMMA Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
U.S. PMMA Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
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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