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Showing posts with the label Polymethyl Methacrylate Industry

Polymethyl Methacrylate Market SWOT Analysis of Top Key Player Forecasts To 2025

The growing demand for LED flat screens in Asia Pacific is projected to propel market demand over the coming years. The Global Polymethyl Methacrylate (PMMA) Market is anticipated to reach USD 8.16 billion by 2025, according to a new report by Grand View Research, Inc. The PMMA industry has shifted its focus toward developing bio-based alternatives to combat volatile raw material prices. Eco-friendly PMMA is now being developed with the introduction of bio-based raw materials such as MMA from renewable organic feedstock. This in turn is anticipated to provide lucrative growth opportunities for new entrants. Extruded sheets are expected to remain the dominant product segment with nearly 50% of the volume share in 2015. Extruded sheets have a better tolerance on thickness, typically +/-10%, as compared to cast acrylic sheets. The product is also expected to witness growth on account of its high transparency that makes it ideal for signs & displays in the advertising sector.