Press release
Polymethyl Methacrylate Market 2023 : By Type, Application, Trends And Forecast 2032 | Arkema SA (France), Mitsubishi Rayon Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. (Japan), CHI MEI Corporation (Taiwan), Evonik Industries AG (Germany)
Polymethyl Methacrylate Market Growth
The Business Research Company's Polymethyl Methacrylate Global Market Report 2023 identifies increasing demand for polymethyl methacrylate (PMMA) in the electronic and automobile industries as the major driver for the Polymethyl Methacrylate market's growth in the forecast period. It is scratch-resistant and transparent, so it is used as a replacement for glass in some applications in the industry. PMMA is a lightweight material having a density of half that of glass and is transparent, so that it is being used in car windows, motorcycle windshields, interior, and exterior panels. It is also being used in LCD/LED TV screens, laptops, smartphone displays, and electronic equipment displays. Due to its features, the automobile and electronics have increasingly used PMMA. For instance, the global electronic products market size grew from $948.78 billion in 2020 to $1055.29 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%.
The global polymethyl methacrylate market size grew from $5.06 billion in 2022 to $5.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The polymethyl methacrylate market size is expected to grow to $7.77 billion in 2027 at a CAGR of 9.3%.
Download Free Sample Of Polymethyl Methacrylate Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5806&type=smp
Major competitors in the Polymethyl Methacrylate 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), The Dow Chemical Company (U.S.), LG Chem, and Makevale Group.
A key trend in the Polymethyl Methacrylate market includes development of bio-based PMMA is providing opportunities to expand. The medical industry has a higher demand for bio-based PMMA. Companies are also increasingly working on introducing new bio-based PMMA. For instance, in November 2021, Arkema launched a new advanced bio-circular polyamide 11 medical polymer. This polyamide 11 contains castor beans, which do not directly involve the food chain and do not harm the forest.
Read More On The Global Polymethyl Methacrylate Market Report Here:
https://www.thebusinessresearchcompany.com/report/polymethyl-methacrylate-global-market-report
The Polymethyl Methacrylate market is segmented -
By Form: Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads
By End User Industries: Buildings and Construction, Electrical and Electronics, Automotive and Transportation, Signs and Displays, Other End User Industries
By Grade: General Purpose Grade, Optical Grade
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polymethyl Methacrylate market.
The Business Research Company's "Global Polymethyl Methacrylate Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Polymethyl Methacrylate Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5806
The Table Of Content For The Polymethyl Methacrylate Market Include:
1. Executive Summary
2. Polymethyl Methacrylate Market Characteristics
3. Polymethyl Methacrylate Market Trends And Strategies
4. Polymethyl Methacrylate Market - Macro Economic Scenario
5. Polymethyl Methacrylate Market Size And Growth
……
26. Africa Polymethyl Methacrylate Market
27. Polymethyl Methacrylate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polymethyl Methacrylate Market
29. Polymethyl Methacrylate Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polymethyl Methacrylate Market 2023 : By Type, Application, Trends And Forecast 2032 | Arkema SA (France), Mitsubishi Rayon Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. (Japan), CHI MEI Corporation (Taiwan), Evonik Industries AG (Germany) here
News-ID: 3179536 • Views: …
More Releases from The Business research company
Metalized Films Market Growth Accelerates: Strategic Forecast Predicts $3.59 Bil …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Metalized Films Industry Market Size Be by 2025?
There has been a robust growth in the market size of metalized films in the past years. The market size is projected to increase from $2.65 billion in 2024 to $2.8 billion in 2025, with a compound annual…
Emerging Trends to Reshape the Furan Resin For Casting Market: Technological Adv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Furan Resin For Casting Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for furan resin for casting has seen robust growth. An increase from $41.17 billion in 2024 to $43.96 billion in 2025 is anticipated, representing a compound annual…
Forged And Stamped Goods Market Landscape to 2034: Key Forces Shaping the Next D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Forged And Stamped Goods Market Size By 2025?
The market size for forged and stamped goods has seen a stable growth over the past few years. Its projected size will increase from $279.43 billion in 2024 to $290.3 billion in 2025, showing a compound annual…
Soaring Demand Set to Propel Alloy Steel Market to $166.66 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Alloy Steel Market Through 2025?
In the past few years, there has been a slight increase in the size of the alloy steel market. The market, which is projected to expand from $148.14 billion in 2024 to $150.13 billion in 2025, expects…
More Releases for Polymethyl
Polymethyl Methacrylate Market to See Huge Growth by 2032
Latest Report Available at Global Data Route Analytics," Polymethyl Methacrylate Market" provides pin-point analysis for changing competitive dynamics and a forward-looking perspective on different factors driving or restraining industry growth.
Introduction
Consistent Market Expansion: The global polymethyl methacrylate (PMMA) market, valued at approximately USD 6.1 billion in 2024, is projected to reach around USD 9.2 billion by 2032, supported by increasing demand for high-performance, transparent thermoplastics.
Diverse End-Use Applications: Growth is fueled by…
Heat Resistant Polymethyl Methacrylate (PMMA) Market Size and Forecast
Heat Resistant Polymethyl Methacrylate (PMMA) Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030
Heat Resistant Polymethyl Methacrylate (PMMA) Market Analysis
What is the current outlook for the Heat Resistant Polymethyl Methacrylate (PMMA) market?
The global Heat Resistant Polymethyl Methacrylate (PMMA) market is projected to experience significant growth in the coming years. This…
Prominent Polymethyl Methacrylate Market Trend for 2025: Advancements in Phospha …
What market dynamics are playing a key role in accelerating the growth of the polymethyl methacrylate market?
The polymethyl methacrylate (PMMA) market is experiencing growth due to its rising demand in the electronic and automobile sectors. PMMA, a transparent, scratch-resistant substance that can replace glass in certain cases, is obtained through polymerization of the methyl methacrylate monomer. Because it's half the density of glass, lightweight, and clear, PMMA finds applications in…
Polymethyl Methacrylate Market Size, Share, Growth Forecast 2023-2032
Polymethyl Methacrylate (PMMA), often referred to as acrylic, is a versatile and highly transparent thermoplastic. Its applications span across various industries, including automotive, construction, electronics, and healthcare, due to its lightweight, shatter-resistant, and UV-resistant properties. The global PMMA market was valued at USD 4.2 billion in 2022 and is projected to reach USD 7.4 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032. This article explores…
Polymethyl Methacrylate Market Size, Share, Growth Forecast 2023-2032
Polymethyl Methacrylate (PMMA), a transparent thermoplastic, is widely known for its use as an alternative to glass. As of 2022, the global PMMA market size stood at USD 4.2 billion, with projections estimating a rise to USD 7.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2032. This article delves into the competitive landscape, future growth prospects, opportunities, market drivers, constraints, key…
Polymethyl Methacrylate (PMMA) Market 2022 | Detailed Report
Global Polymethyl Methacrylate (PMMA) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5266496
The report provides…
