Polymethyl Methacrylate (PMMA) Capacity, Production, Demand-Supply, Pricing and Market Forecast Analysis, 2032

Executive Summary: -

Polymethyl Methacrylate (PMMA) is also known as acrylic or acrylic glass and by several other trade names. It is available in two grades- optical and general purpose and in four different forms- extruded sheets, pellets, beads and resins. PMMA is a transparent thermoplastic often used as a substitute to glass. LEDs and dermal fillers used for medicinal purposes are anticipated to drive the growth of PMMA during the forecast period. Major end-use applications are electronics, automotive, construction, signs & displays, sanitary ware, large aquariums and others

PMMA Demand

Asia-Pacific is estimated to be the largest market for PMMA accounting for almost 60% of total PMMA demand and it is expected to register a growth of around 7% over the forecast period. The growth in demand can be attributed to rising demand for high quality plastics in automotive and electronics segments. Moreover, the growing infrastructural development is increasing the demand of PMMA in Asia-Pacific. The economy in Asia-Pacific has been thriving on account of the advancements witnessed in the automobiles, electrical & electronics, Industrial and consumer & home appliances. Growing purchasing power in the developing economies is seen as a key driver of demand for plastics like PMMA.

Growth in production of automobiles and initiatives taken by original equipment manufacturers to reduce weight of the vehicles will further drive the demand of PMMA in the long-term forecast. The electronics sector accounts for a significant share of exports of most countries in Asia-Pacific. Large quantities of the world s consumer electronics come from the ASEAN region. Plastics like PMMA are being widely employed in auto parts, consumer goods and electrical & electronics applications. High growth in the manufacture of electrical & electronics and other industrial appliances that require PMMA are expected to drive the PMMA demand growth in the long-term forecast.

Companies Covered in PMMA Report:

• BASF SE
• Akzo Nobel NV
• Arkema Group
• Asahi Kasei Chemicals Corp.
• Evonik Industries AG
• Formosa Plastics Corp.
• Heilongjiang Zhongmeng Longxin Chemical co., Ltd
• Kaohsiung Monomer Company Ltd.
• Kuraray Co. Ltd.
• LG MMA Corp
• Lotte Chemical Corporation
• Mitsubishi Chemical Corporation
• Lucite International Limited
• Mitsubishi Gas Chemical Co.
• SABIC
• Shanghai Jing Qi Polymer Science Co. (SJPS)
• Sumitomo
• Other Manufacturers