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The market size of PMMA is likely to register a CAGR of 4.7% till 2021

The PMMA Market is expected to witness a CAGR of 6.1% from 2014 to 2019 in terms of value. Asia-Pacific represents the single-largest market for PMMA (by value) for the same period, followed by the North America and Europe. This is because 93% of PMMA produced for liquid crystal display (LCD) screens is consumed in Asia-Pacific. Countries in this region, such as China, Japan, Korea, and Taiwan, are the global hubs for LCD manufacturing, which use PMMA as an input. This has turned out to be the major driving factor for PMMA demand in Asia-Pacific.

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The major restraint observed in the market is the fluctuations in raw material price. This has hindered producers to expand their PMMA production capacities. Bio-based PMMA and innovative applications of PMMA are the upcoming opportunities for the PMMA producers.                                                                                                                           
In this scenario, it is extremely important that the players operating in the market remain competitive by adopting key growth strategies. The companies are focusing on R&D activities to come up with new and innovative products. This is expected to help them gain a competitive edge in the market by launching products for the emerging applications of PMMA.

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The next most common growth strategy in the market is expansion. Companies are aiming at increased market penetration at regional level by collaborating with regional players; marketing, technology, and channel partners to expand their customer base.

Reference:
https://www.marketsandmarkets.com/PressReleases/polymethyl-methacrylate.asp

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