New report on Polymethyl Methacrylate (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.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.
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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.
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.
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MARKET BY APPLICATION
- Automotive
- Electronics
- Construction
- Signs & displays
- Sanitary ware
- Lighting fixtures
- Others
MARKET BY GEOGRAPHY
- Europe
- North America
- Asia pacific
- LAMEA
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