Polymethyl Methacrylate Trends and Forecast
The future of the global polymethyl methacrylate market looks promising with opportunities in the signs & displays, construction, automotive, lighting fixtures, electronics, marine, healthcare, agriculture, and consumer goods markets. The global polymethyl methacrylate market is expected to reach an estimated $8.5 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising demand from the electronics and automotive sectors and growing capital expenditures in the defense and aerospace industries for submarine periscopes and aircraft windscreens.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Polymethyl Methacrylate by Segment
The study includes a forecast for the global polymethyl methacrylate by form, grade, end use industry, and region.
Polymethyl Methacrylate Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Extruded Sheet
• Cast Acrylic Sheet
• Pellets
• Beads
• Others
Polymethyl Methacrylate Market by Grade [Shipment Analysis by Value from 2018 to 2030]:
• General Purpose Grade
• Optical Grade
Polymethyl Methacrylate Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Signs & Displays
• Construction
• Automotive
• Lighting Fixtures
• Electronics
• Marine
• Healthcare
• Agriculture
• Consumer Goods
• Others
Polymethyl Methacrylate Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Polymethyl Methacrylate Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polymethyl methacrylate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polymethyl methacrylate companies profiled in this report include-
• Röhm
• ChiMei
• Mitsubishi Chemical Holdings
• Sumitomo Chemical
• SABIC
• LG Chem
• Trinseo
• Kuraray
• Kolon Industries
• Toray Industries
Polymethyl Methacrylate Market Insights
Lucintel forecasts that extruded sheet will remain the largest segment over the forecast period due to cost-efficient choice.
Within this market, automotive will remain the largest segment due to adoption of electric vehicles and promote a preference for lightweight automobiles.
APAC will remain the largest region over the forecast period due to the rising requirement for PMMA across diverse end-user sectors in the region.
Features of the Global Polymethyl Methacrylate Market
Market Size Estimates: Polymethyl methacrylate market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polymethyl methacrylate market size by form, grade, end use industry, and region in terms of value ($B).
Regional Analysis: Polymethyl methacrylate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form, grade, end use industry, and regions for the polymethyl methacrylate market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polymethyl methacrylate market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polymethyl methacrylate market size?
Answer: The global polymethyl methacrylate market is expected to reach an estimated $8.5 billion by 2030.
Q2. What is the growth forecast for polymethyl methacrylate market?
Answer: The global polymethyl methacrylate market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polymethyl methacrylate market?
Answer: The major drivers for this market are rising demand from the electronics and automotive sectors and Growing capital expenditures in the defense and aerospace industries for submarine periscopes and aircraft windscreens.
Q4. What are the major segments for polymethyl methacrylate market?
Answer: The future of the global polymethyl methacrylate market looks promising with opportunities in the signs & displays, construction, automotive, lighting fixtures, electronics, marine, healthcare, agriculture, and consumer goods markets.
Q5. Who are the key polymethyl methacrylate market companies?
Answer: Some of the key polymethyl methacrylate companies are as follows:
• Röhm
• ChiMei
• Mitsubishi Chemical Holdings
• Sumitomo Chemical
• SABIC
• LG Chem
• Trinseo
• Kuraray
• Kolon Industries
• Toray Industries
Q6. Which polymethyl methacrylate market segment will be the largest in future?
Answer: Lucintel forecasts that extruded sheet will remain the largest segment over the forecast period due to cost-efficient choice.
Q7. In polymethyl methacrylate market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the rising requirement for PMMA across diverse end-user sectors in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polymethyl methacrylate market by form (extruded sheet, cast acrylic sheet, pellets, beads, and others), grade (general purpose grade and optical grade), end use industry (signs & displays, construction, automotive, lighting fixtures, electronics, marine, healthcare, agriculture, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Polymethyl Methacrylate Market, Polymethyl Methacrylate Market Size, Polymethyl Methacrylate Market Growth, Polymethyl Methacrylate Market Analysis, Polymethyl Methacrylate Market Report, Polymethyl Methacrylate Market Share, Polymethyl Methacrylate Market Trends, Polymethyl Methacrylate Market Forecast, Polymethyl Methacrylate Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.