Home >> News >> Global Polymethyl Methacrylate Market 2016: Industry Study, Statistics and Research to 2022

Global Polymethyl Methacrylate Market 2016: Industry Study, Statistics and Research to 2022

Latest industry research report on: Polymethyl Methacrylate (PMMA) is a synthetic resin produced from the polymerization of methyl methacrylate. It is a transparent and rigid plastic that is commonly used in shatterproof windows, skylights, illuminated signs, and aircraft canopies. The aim of the report is to analyze the present and estimated trends of the global specialty chemical market, as the demand of the product is expected to rise.

The report provides a comprehensive analysis of the market potential in various industry applications. The study is focused on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.

Get Free Sample Report Of Polymethyl Methacrylate Market :http://www.marketresearchstore.com/report/world-polymethyl-methacrylate-market-opportunities-and-68529#RequestSample

The LCD light guide made from PMMA provides brighter light than the conventional guide panels. Therefore, PMMA is widely used in LCD light guide and the growth of LCD market drives the PMMA market as well. In addition, PMMA’s advance applications in electronic and automotive market also increase its usage. Moreover, the manufacturers of PMMA are spending a substantial amount of money in R&D and focusing towards its capacity plans.

The deficiency of raw material for the production of PMMA is the major restraint for the market growth. Due to the scarcity of raw material, manufacturers are unable to produce the material in bulk. PMMA is used in various industries such as automotive, electronics, construction, signs & displays, sanitary ware, etc. The economic growth of these industries would drive the market for PMMA in long run.

Do Inquiry Before Purchasing Report:http://www.marketresearchstore.com/report/world-polymethyl-methacrylate-market-opportunities-and-68529#InquiryForBuying

Application Market Analysis:

On the basis of application, the market is segmented into automotive, electronics, construction, signs & displays, sanitary ware, lighting fixtures and others. Due to its excellent properties such as transparency, water resistance, light weight and rigidity, PMMA is largely used in sign and display industries for the manufacturing of LCD display panels.

HIGH LEVEL ANALYSIS:

The PMMA market is an emerging field of the global synthetic resin market. The driving and restraining factors for this market are strategically dealt in this analysis and emphasis is given towards its growth opportunities. The global market is analyzed using Porter’s five force model, which assists the stakeholders to understand the bargaining power of buyers & suppliers, threat of new entrants and competitive rivalry. As the PMMA based products are highly differentiated over the conventional material in many applications, the suppliers’ bargaining power would be higher and the buyers would suffer with low bargaining power. As the switching cost of the consumers is high, the threat of substitute would be low. Due to their unequal market size, the intensity of rivalry would be low among the competitors present in the PMMA market. Moreover, the study includes a value chain analysis for better understanding of key players in the supply chain right from the manufacturers to end users.

COMPETITIVE LANDSCAPE:

The major players dominating the global Polymethyl Methacrylate market are Arkema SA, Chi Mei Corporation, Kuraray Co Ltd., Asahi Kasei Corporation, Evonik Industries AG, Makevale Group, Quinn Plastic, Saudi Basic Industries Corporation (Sabic), LG MMA Corporation, Mitsubishi Rayon Co. Ltd, and Sumitomo Chemical Company Limited. Mitsubishi Rayon and Saudi Basic Industries Corporation (SABIC) signed a joint venture agreement to build MMA and PMMA plants in Saudi Arabia.

KEY BENEFITS:

  • The analysis helps in understanding the strategies adopted by various companies for the growth of the global PMMA market .
  • The market conditions of this product across all geographic regions are comprehensively analyzed .
  • Porter’s five forces model gives a in-depth analysis of the bargaining power of buyers & suppliers, threats of new entrants & substitutes and competition amongst the key market players.
  • The drivers and restraints of this market are systematically analyzed and emphasis is laid on the present opportunities in this market.
  • The value chain analysis offers key insights to the stake holders of this market.

KEY MARKET SEGMENTS

MARKET BY APPLICATION

  • Automotive
  • Electronics
  • Construction
  • Signs & displays
  • Sanitary ware
  • Lighting fixtures
  • Others

MARKET BY GEOGRAPHY

  • Europe
  • North America
  • Asia pacific
  • LAMEA

About Market Research Store

Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

Contact Us:

Joel John
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
United States
Tel: +1-386-310-3803
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651
Email: sales@marketresearchstore.com
Web: http://www.marketresearchstore.com/

About Nicole Austin

This is Nicole Austin is Assistant Manager and senior principal of the Market Research Store, a market research firm located in Florida, New York. I am Post Graduated of University of Miami, where I received MBA in Research and Development Management. I started Market Research and Analysis from a young age and most of my skills and knowledge are self taught. Find me on Google, Linkedin,Facebook

Leave a Reply

Your email address will not be published. Required fields are marked *