Polymethyl Methacrylate Market Revenue Will Reach USD 10.87 Billion by 2020
New Market Research Reports Title “Polymethyl Methacrylate Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database
The global market for Polymethyl Methacrylate (PMMA) is expected to reach USD 10.87 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for LED flat panels and LED TVs is expected to be one of the key factors driving PMMA demand, especially in Asia Pacific, which is a major hub for electronic manufacturing. Growth of major end-use industries including electronics, automotive and signs & displays, mainly in emerging economies of China and India, are expected to boost the demand for PMMA over the forecast period. Grand View Research further observes that increasing R&D activities for developing bio-based PMMA coupled with emerging applications for optical grade PMMA in medical and healthcare, coatings and emulsions and solar power sectors is expected to drive its future market.
PMMA extruded sheets alone accounted for over 55% of global market volumes in 2012. Extruded PMMA sheets find wide applications in numerous industries including electronics, signs and display, construction and automobiles among others. Owing to its new found use in coatings and emulsions market, PMMA beads (powder) form is expected to be the fastest growing market, at an estimated CAGR of 7% from 2013 to 2020. Cell cast sheet and blocks is another PMMA form widely used for construction activities owing to its impact strength and weather resistance.
Browse full research report on Global Polymethyl Methacrylate (PMMA) Market: http://www.grandviewresearch.com/industry-analysis/polymethyl-methacrylate-pmma-industry
Further Key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/bulk-chemicals
For the purpose of this study, Grand View Research has segmented the global PMMA market on the basis of product, application and region:
Polymethyl Methacrylate (PMMA) Product Outlook,
Polymethyl Methacrylate (PMMA) Application Outlook,
Polymethyl Methacrylate (PMMA) Regional Outlook,
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-polymethyl-methacrylate-pmma-industry
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