PMMA is formed through block, emulsion or suspension polymerization of Methacrylic Acid. PMMA is a linear thermoplastic polymer. PMA has a lack of methyl groups on the backbone carbon chain, its long polymer chains are thinner and smoother and can slide past each other more easily, so the material becomes softer. It is a linear thermoplastic polymer and exhibits high material strength.
Top 10 Global key Players & Their Revenue Generation Strategy
Some of the prominent players operating in the Polymethyl Methacrylate (PMMA) 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) and The Dow Chemical Company (U.S.) among others.
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Globally, PMMA Market is classified on the basis of Type and Application. The market is categorized into extruded sheets, pellets, cast sheets, and bead on the basis of type. Extruded sheets emerged as the leading product segment and accounted for nearly half of the market share in 2016. Robust demand for the product as high-performance sheets in various end-use industries is expected to drive market growth. Extruded sheets have also emerged as the economically viable option due to low production cost. The rising usage of acrylic beads as a texturing agent for thermoplastics or coatings is set to further uplift market growth. Acrylic beads are expected to emerge as the leading type over the forecast period due to increasing application scope. On the basis of the application, the market is segmented into signs & displays, construction, automotive, electronics, and others. PMMA is widely utilized in internally lighted signs for advertising and directions due to superior properties such as excellent transmission of visible light. Increasing demand for telecommunication signs & displays and endoscopy applications to produce fiber optics made from PMMA due to its uncommon characteristic to retain a beam of reflected light within surfaces. Rising prominence of lightweight components in the automotive industry to accomplish fuel-efficiency is enhancing PMMA consumption in the automotive sector. Automotive glazing has also emerged as one of the fastest growing applications among manufacturers due to the high weathering & UV resistance of PMMA.
Major Points from Table of Content
Company Profiles
11.1 Arkema SA
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Mitsubishi Rayon Co. Ltd.
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Sumitomo Chemical Co. Ltd.
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 BASF SE
……..to be continue……..
Competitive Analysis
Companies have invested heavily in creative and innovative products and continuous development of prevailing product lines to broaden the current spectrum of applications. For instance, Evonik Industries AG has come up with ambient illumination in automotive interiors through usage of PMMA molding compounds that are developed, especially, of LED applications. The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
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Intended Audience
- Polymethyl Methacrylate (PMMA) Manufacturers
- Traders and Distributors of Polymethyl Methacrylate (PMMA)
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Segmentation Analysis
However, the increasing penetration of PMMA in a sign and display industry stabilized the demand trend and is expected to continue benefiting the growth of the PMMA Market over the forecast period. Increasing focus on sustainable polymers supported by favorable government regimes is compelling industry participants to shift focus towards bio-based raw materials. Governments and environmental bodies are constantly working towards commercializing different bio-based grades of PMMA in various applications.
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