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Polymethyl Methacrylate Market Latest Trends,and Forecast,2021


The report "Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) - Global Trends & Forecasts to 2021".
Browse 84 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market”. 
The market size of PMMA is projected to reach USD 5.56 Billion by 2021, registering a CAGR of 4.7% during the forecast period. The increased demand of plastics with high strength, durability, chemical and UV resistance, and high light transmission among others are some factors that are driving the PMMA market.              
Browse 84 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) - Global Trends & Forecasts to 2021"
PMMA is a transparent thermoplastic and impact resistant substitute of glass. It is highly durable, weather, and chemical-resistant as compared to glass. It is lightweight, rigid, and has color versatility. PMMA is available in two grades that are optical grade and general purpose grade. Optical grade PMMA is used to make light guide panels (LGP), as it provides high brightness and high purity grade making the screen brighter and cleaner. General purpose is the most common grade that finds applications in molds, sanitary ware, cosmetics packaging, toys, household appliances, lighting fixtures, and furniture. PMMA is used in various applications such as automotive, electronics, construction, signs & displays, sanitary ware, and lighting fixtures.
General purpose grade is the largest and widely used grade of PMMA due to its many applications, thereby increasing its demand. The general purpose grade PMMA market is estimated to be driven by the rising demand of plastics in various end-use industries such as automotive, signage, and sanitary ware. Companies focus on developing new products through R&D activities to gain a competitive edge in the market.
Extruded sheet is the largest form of PMMA. They are increasingly used because of its easy fabrications, high gloss surface, weather resistant, excellent clarity, and other properties. Extruded PMMA sheets are mainly used to make complex structures and designs in the construction industry. The market is driven by increasing demand from end-use industries for innovative products and plastics. Extruded PMMA sheets offer high quality and performance than other thermoplastics, making them suitable for various industrial applications.
Mitsubishi Rayon Co. Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), and Chi Mei Corporation (Taiwan) are some of the major players in the global PMMA market.

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