(EMAILWIRE.COM, March 02, 2022 ) The report “Polymethyl Methacrylate Market by Form (extruded sheet, cast acrylic sheet, beads and pellets), Application (Sign & Display, Automobile, Construction, Electronics, Lighting & Fixture), Grade, and Region – Global Forecast to 2026″ The Polymethyl methacrylate market size is estimated to be USD 4.2 Billion in 2021 and is projected to reach USD 5.6 Billion by 2026, at a CAGR of 5.7%. Factors such as changing work style and adoption of work from home increases the electronics demand across the globe that support the market growth. Moreover, the significant growth of the construction and automobile industry in developing countries are driving the PMMA market.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=715
PMMA Extruded Sheets accounted for the largest share in 2020
Extruded sheets are estimated to be the largest form of PMMA. This is due to its advantages, which include clarity, good surface quality, range of colors, easy maintenance, surface hardness, lightweight, and easy fabrication.
Sign & display application accounted for the largest share in 2020
Sign & display is estimated to be the largest market for PMMA due to its increasing demand for marketing communications. The range of colors available in PMMA makes it suitable to before used in signs. Similarly, the optical properties of PMMA make it the preferred material for point-of-sale displays. The rising demand for weather-resistant, energy-efficient, and lightweight materials is estimated to fuel the demand for PMMA in sign & display. PMMA is largely used in the manufacture of automotive panels, bumpers, and other molded parts. Furthermore, as PMMA provides clarity and light transmission, it is used in rear and indicator light covers.
Don’t miss out on business opportunities in Polymethyl Methacrylate Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=715
Browse in-depth TOC on “Polymethyl Methacrylate Market
361 – Market Data Tables
55 – Figures
278 – Pages
APAC is projected to account for the largest share of the PMMA market during the forecast period
APAC is estimated to be the largest market for PMMA and is projected to reach USD 2,903 Million by 2026. The market in the region is primarily driven by the rising demand for durable plastic products from the construction, automotive, and electronics segment segments. The demand for PMMA in the Middle East is expected to increase. It is propelled by the increasing demand for lightweight, durable, and weather-resistant substitute to glass. The rising demand for durable and advanced products in the signs & displays sign & display, construction, and electronics applications are driving the market for PMMA in the region.
The PMMA market comprises major manufacturers such as Asahi Kasei (Japan), Chi Mei Corp. (Taiwan), Evonik Industries AG (Germany), Mitsubishi Rayon Co., Ltd. (Japan), Saudi Arabia Basic Industries Corporation (Saudi Arabia), and Sumitomo Chemical Co., Ltd. (Japan) are the key players operating in the PMMA s market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the PMMA s market.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=715
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the Growth Engagement Model GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write Attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketss flagship competitive intelligence and market research platform, Knowledge Store connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.