Growing Demand for Lightweight & Durable Automotive Parts to Boost Polymethyl Methacrylate Demand: Fact.MR Prediction

Rising Popularity Of Electric Vehicles And Growing Demand For Lightweight Automotive Components To Primarily Drive Polymethyl Methacrylate Shipments In The Long Run

Rockville, Dec. 12, 2022 (GLOBE NEWSWIRE) — The market for polymethyl methacrylate (PMMA) is valued at US$ 4.9 billion in 2022 and is estimated to increase at a CAGR of 5.9% through 2032.

Increasing urbanization and industrialization across the world have driven the demand for a wide variety of materials, and this trend is also expected to drive polymethyl methacrylate market growth as well. Increasing use of polymethyl methacrylate in automotive production, rising availability of PMMA products, growing use of PMMA in the electronics industry, and rising demand for glass alternatives with superior durability are other factors that are expected to augment market growth over the coming years.

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Key Takeaways from Market Study

• The global polymethyl methacrylate market is valued at US$ 4.9 billion in 2022.
• Over the next ten years, demand for polymethyl methacrylate is anticipated to increase at a CAGR of 5.9%.
• By 2032, the PMMA market is expected to account for a valuation of US$ 8.7 billion.
• Increasing use of PMMA in construction applications, growing demand from the automotive industry, rapid industrialization, and growing demand for eco-friendly materials are prime factors that drive market growth over the coming years.
• However, the availability of alternatives and difficulties in recycling acrylic materials are expected to impede market potential going forward.
• Demand for polymethyl methacrylate in China is slated to rise at a 7.5% CAGR and account for an approximate value of US$ 2 billion by the end of the forecast period.
• The market for polymethyl methacrylate in the Asia Pacific region accounted for 37% of the global market revenue share in 2021.
• Demand for extruded sheets is predicted to rise at a 6.2% CAGR and is estimated to hold a US$ 3.7 billion value by 2032.

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Competitive Landscape

Mergers and acquisitions are frequent in the PMMA marketplace as companies battle to acquire more market share and increase their revenue generation capacity.

• In September 2021, Trinseo, a leading name in the PMMA industry announced the completion of its acquisition of Aristech Surfaces LLC, a global provider of polymethyl methacrylate for transportation, industrial, and architectural markets. This is among other acquisitions that Trinseo has made to strengthen its PMMA product offerings in recent years.

This latest polymethyl methacrylate market research report by analysts at Fact.MR, a market research and competitive intelligence provider, has a detailed account of all the key strategies adopted by major and minor market players to boost their sales and revenue.

Key companies in Polymethyl Methacrylate (PMMA) Market

• Arkema SA
• Mitsubishi Chemical Holdings Corporation
• Röhm GmbH
• LG Chem Ltd.
• Evonik Industries
• The Dow Chemical Company
• Kuraray Co. Ltd.
• Lotte Chemical Corporation
• Toray Industries Inc.
• Trinseo S.A.
• Kolon Industries Inc.
• Asahi Kasei Corporation
• CHI MEI Corporation

Key Segments of PMMA Industry Research

• By Form :
  • Extruded Sheets
  • Cast Acrylic Sheets
  • Pellets
  • Beads
  • Others
• By Grade :
  • General Purpose Grade
  • Optical Grade
• By End-use Industry :
  • Signs & Displays
  • Construction
  • Automotive
  • Lighting Fixtures
  • Electronics
  • Marine
  • Healthcare
  • Agriculture
  • Consumer Goods
  • Other Industries
• By Region :
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global polymethyl methacrylate market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of form (extruded sheets, cast acrylic sheets, pellets, beads, others), grade (general purpose grade, optical grade), and end-use industry (signs & displays, construction, automotive, lighting fixtures, electronics, marine, healthcare, agriculture, consumer goods, other industries), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Table of Content

1. Global Polymethyl Methacrylate (PMMA) Market – Executive Summary

    1.1. Global Market Overview

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Fact.MR Analysis and Recommendations

2. Global Polymethyl Methacrylate (PMMA) Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Introduction and Definition

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Polymethyl Methacrylate (PMMA)

        3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices

        3.1.3. COVID-19 Impact Benchmark with Previous Crisis

            3.1.3.1. Change in Polymethyl Methacrylate (PMMA) Demand

            3.1.3.2. Before and After COVID-19 Crisis (Projected)

            3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual)

            3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)

        3.1.4. Impact on Market and Value (US$ Mn)

            3.1.4.1. Likely Loss of Value in 2020

            3.1.4.2. Mid-term and Long Term Forecast

TOC Contd…..

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