U.S. polymethyl methacrylate(PMMA) market is
expected to reach USD 1.02 billion by 2022, according to a new report by Grand
View Research, Inc. Increasing PMMA consumption in automotive and construction
industries is expected to drive growth over the forecast period. These
industries have reached pre economic crisis levels, which have prompted the
domestic demand. Volatile MMA prices coupled with stringent regulations are
expected to impact profitability of key manufacturers.
Extruded sheets were the largest
product segment and accounted for over 50% of total domestic demand in 2014.
Rising application in LED screens, solar panels, visual marketing communication
displays and interiors is expected to drive product growth. Pellets are
expected to witness the highest growth of 3.6% from 2015 to 2022. Rising demand
from intermediate processors who require product variety and color diversity is
expected to drive product growth.
Browse full research report on U.S. Polymethyl
Methacrylate Market: http://www.grandviewresearch.com/industry-analysis/us-polymethyl-methacrylate-market
Further key findings from
the study suggest:
- U.S. PMMA market demand was 214.6 kilo tons in 2014
and is expected to grow at a CAGR of 3.4% from 2015 to 2022.
- Signs and displays was the leading application
segment with demand share estimated at 34.1% in 2014. Increasing PMMA
penetration in signage, display cabinets, leaflet dispensers, casings and
holders application is expected to drive this segment.
- Automotive is expected to witness the highest gain in
its market size over the forecast period. The segment is expected to grow
at a CAGR of 3.6% from 2015 to 2022. Increasing product consumption in
passenger car components such as LED headlights and window glazing is
projected to boost automotive applications over the forecast period.
Increasing demand for high performance plastics to curb the overall weight
of automobiles in order to improve fuel efficiency is also expected to
help in market development.
- Other niche applications such as coating, emulsions,
solar panels, furniture and medical devices are also anticipated to
accelerate U.S. PMMA market growth.
- Industry is highly consolidated with top four
companies including Lucite International, Altuglas, Plaskolite and Evonik
accounting for over 70% of total market in 2014. Altuglas International
emerged as the leading player in the domestic PMMA market. Price wars,
differentiated production processes and integrated supply chain are some
key attributed in the domestic industry.
Browse more reports of this category by Grand View
Research : http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the U.S. PMMA market on
the basis of product and application:
U.S. PMMA Product Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2022)
- Extruded
Sheets
- Cell
Cast Sheets & Blocks
- Pellets
- Beads
U.S. PMMA Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2022)
- Construction
- Electronics
- Automotive
- Signs
& Display
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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