WorldWide Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

  • TBI314957
  • September 09, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market

Industry Trends

Global Polymethyl Methacrylate (PMMA) Market size generated over 6.5 billion in 2014, with consumption slated to exceed 3.2 kilo tons at the end of 2022. Strong application scope in automotive, electronics, and sign & display industry should drive PMMA market size. Rising spending on advertising campaigns and marketing to create brand equity should drive industry growth.   Global advertising expenditure was over USD 510 billion in 2015 and poised to generate over USD 665 billion by 2023, with gains at above 5%. It is a preferable material used for POS applications due to availability in different options which includes transparent, bright hues, translucent, and opaque. Strong application scope in signs & display due to color availability, weather resistance, abrasion resistance, light weight and optical clarity.   Global bio PMMA market should witness consumption in excess of 530 kilo tons at the end of 2022. PMMA market price trend will play a critical role in market penetration for bio-based alternatives. Increasing application scope in electronics and automobile industry along with strong R&D spending should drive industry growth over the foreseeable future.   Rising awareness for using lightweight materials for vehicle production along with low carbon emission and better fuel efficiency should influence PMMA market size in automobile applications. Regulations in the U.S. may require automobile manufacturers to work on targeting better fuel economy by 2025.   In 2014, global automotive sales were slated over 85 million units and may set close to 100 million units by 2018, with gains at over 3.5%. It is mainly used for automobiles applications decorative trims, spoiler, exterior & interior lighting, roof elements, and mirror housings. These components are made from metals and glass, where glass is used for developing window panels.   Methanol, acetone, and ammonia are key raw materials used for manufacturing process. These raw materials may poses threat to environment and produce toxic waste by releasing GHG emissions. Strict government guidelines set to reduce GHG emissions and dependency on fossil fuels should fuel biobased PMMA market size. Increasing R&D spending along with technological advancement should create new growth avenues.   Companies are focusing to develop biobased products to reduce dependency on depleting fossil fuel reserves. Arkema along with Natureworks, launched product under Plexiglass and Altuglas brand names. This material is developed using Ingeo biopolymers technology which contains 25% PLA. Evonik is working on Avneers technology for integrating bio-based production.  

Market Segmentation, Outlook & Regional Insights: Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market

Synthetic & Bio PMMA Market, By Product Extruded PMMA sheets market size generated over USD 3.3 billion in 2014. Strong application scope in signs and display along with growing LED screens manufacturing for electronics devices should drive extruded sheets demand.   PMMA pellets market size may witness significant growth at over 6.5%. These are made in various colors and can be altered into desired shapes and sizes. Strong trend in automobile, healthcare and fashion industry should drive polymethy methacrylate market.   Synthetic & Bio PMMA Market, By Application PMMA market size from signs and display applications should witness consumption in excess at 1.2 million tons by 2022. Display boards are used in various industries due to its increasing competition among manufacturers to enhance product portfolio.   PMMA market size from construction applications is set to witness gains close to 6%. It is used for making doors and windows panels which protects against UV and chemical resistance and other climatic dynamics. Additionally, used for constructing underground aquariums due to properties such as strength, chemical inertness and optical clarity.   PMMA demand from healthcare & medical applications may witness significant gains over the foreseeable timeframe. It is used for manufacturing syringes, bone cements, dentures, and cuvettes.   Synthetic & Bio PMMA Market, By Region China PMMA market size generated over USD 1.2 billion in 2014. Increasing LED panels demand along with manufacturing LED TVs and flat screens should drive industry growth. Inexpensive production cost and cheap labor wages should stimulate regional growth.   UK PMMA market may witness gains at over 2.5%. Increasing automobile and construction industry should drive regional growth.   U.S. PMMA market size may witness significant gains over the forecast timeframe. Strong regulatory outlook along with increase in construction spending should drive regional industry growth.  

Key Players, Recent Developments & Sector Viewpoints: Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market

Global PMMA market share is concentrated with four of the top companies constituting over 60% of the overall demand in 2014. Key manufacturing companies include Arkema, Chi Mei, Mitsubishi Rayon, and Sumitomo Chemicals. Other industrial participants include SABIC, Evonik, LG MMA, Kuraray Group, Dow Chemical, and Makevale Group. Major manufacturing companies are based in China due to relaxed government regulation.   Synthetic & Bio PMMA Industry Viewpoint Polymethyl methacrylate is a synthetic resin which is produced from methyl methacrylate and polymerization. It is preferred due to its low cost, and easy handling and processing properties. It is a strong, lightweight and clear plastic used as a substitute for glass on account of its weather resistance and energy efficiency. Strong application scope in sign & displays, glass lens, and appliances due to its durability and transparency properties. It is used in lenses of exterior lights for vehicles

Key Insights Covered: Exhaustive Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market

1. Market size (sales, revenue and growth rate) of Synthetic and Bio-based PMMA (Polymethyl Methacrylate) industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Synthetic and Bio-based PMMA (Polymethyl Methacrylate) industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Synthetic and Bio-based PMMA (Polymethyl Methacrylate) industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Synthetic and Bio-based PMMA (Polymethyl Methacrylate) industry.

Research Methodology: Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

1 Report Overview
    1.1 Research Scope
    1.2 Major Manufacturers Covered in This Report
    1.3 Market Segment by Type
        1.3.1 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size Growth Rate by Type (2019-2025)
    1.4 Market Segment by Application
        1.4.1 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Share by Application (2019-2025)
    1.5 Study Objectives
    1.6 Years Considered

2 Global Growth Trends
    2.1 Production and Capacity Analysis
        2.1.1 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Production Value 2014-2025
        2.1.2 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Production 2014-2025
        2.1.3 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Capacity 2014-2025
        2.1.4 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Marketing Pricing and Trends
    2.2 Key Producers Growth Rate (CAGR) 2019-2025
        2.2.1 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size CAGR of Key Regions
        2.2.2 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Share of Key Regions
2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers

3 Market Share by Manufacturers
    3.1 Capacity and Production by Manufacturers
        3.1.1 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Capacity by Manufacturers
        3.1.2 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Production by Manufacturers
    3.2 Revenue by Manufacturers
        3.2.1 Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Revenue by Manufacturers (2014-2019)
        3.2.2 Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Revenue Share by Manufacturers (2014-2019)
        3.2.3 Global Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Concentration Ratio
    3.3 Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Price by Manufacturers
    3.4 Key Manufacturers Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Plants/Factories Distribution and Area Served
    3.5 Date of Key Manufacturers Enter into Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market
    3.6 Key Manufacturers Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Product Offered
    3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
    4.1 Production and Production Value for Each Type
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