Polymethyl Methacrylate Market is Probable to Influence the Value of USD 6.36 billion by 2030, at a 5% CAGR by 2030

Strong demand from construction and automotive sectors propels growth in polymethyl methacrylate market, driven by its optical clarity and weather resistance.

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 18, 2024 /EINPresswire.com/ -- “𝐄𝐱𝐚𝐜𝐭𝐢𝐭𝐮𝐝𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 𝐓𝐡𝐚𝐭 𝐀𝐝𝐝𝐬 𝐅𝐥𝐚𝐯𝐨𝐮𝐫 𝐓𝐨 𝐘𝐨𝐮𝐫 𝐒𝐮𝐜𝐜𝐞𝐬𝐬”

The Polymethyl Methacrylate Market Size, Scope, and Forecast 2024-2030 report has been added to the Market research collection of Exactitude Consultancy reports. The increasing demand for lighter and more fuel-efficient vehicles in the automobile industry is one of the primary drivers for the growth of the polymethyl methacrylate (PMMA) industry. The COVID-19 pandemic had a negative impact on this industry. The pandemic led to the global lockdown, closing of national borders, and temporary shutting down of manufacturing industries, which led to disrupted supply chains worldwide.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐥𝐲𝐦𝐞𝐭𝐡𝐲𝐥 𝐌𝐞𝐭𝐡𝐚𝐜𝐫𝐲𝐥𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟓% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟔.𝟑𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟒.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐏𝐨𝐥𝐲𝐦𝐞𝐭𝐡𝐲𝐥 𝐌𝐞𝐭𝐡𝐚𝐜𝐫𝐲𝐥𝐚𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @

https://exactitudeconsultancy.com/reports/10364/polymethyl-methacrylate-market/#request-a-sample

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 𝐚𝐫𝐞: Evonik Industries, Mitsubishi Rayon Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, Chi Mei Corporation, Kuraray Group, Asahi Kasei Corporation, LG MMA Corp., Makevale Group, Shanghai Jing-Qi Polymer Science Co. and, Polycasa N.V. and other Prominent players.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In 2021, Sumitomo Chemical planned to construct a pilot facility for recycling acrylic resin at Niihama City, Japan. The project is expected to be completed in 2022.

In 2018, Mitsubishi Chemical Corporation in joint venture with Saudi Basic Industries Corporation commences the production plant for methyl methacrylate monomers and polymethyl methacrylate (PMMA) in Saudi Arabia.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐢𝐬 𝐚𝐧 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐢𝐬𝐬𝐮𝐞 𝐢𝐧 𝐚𝐧𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Polymethyl Methacrylate Market. The major and emerging players of the Polymethyl Methacrylate Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Polymethyl Methacrylate market.

𝐓𝐡𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐬𝐞𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬 𝐚 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐬𝐭𝐮𝐝𝐲 𝐨𝐧 𝐤𝐞𝐲 𝐭𝐲𝐩𝐞 𝐚𝐧𝐝 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐨𝐥𝐲𝐦𝐞𝐭𝐡𝐲𝐥 𝐌𝐞𝐭𝐡𝐚𝐜𝐫𝐲𝐥𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭

Polymethyl Methacrylate Market by Type, 2020-2030, (USD Million), (Thousand Units)

Extruded Sheet

Cast Acrylic Sheet

Beads and Pellets

Polymethyl Methacrylate Market by Applications, 2020-2030, (USD Million), (Thousand Units)

Sign & Display

Automobile

Construction

Electronics

Lighting & Fixture

Polymethyl Methacrylate 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬/𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

North America dominated the global industry in 2022 and accounted for the largest share of more than 30% of the overall revenue. The dominant share of the region can be attributed to the high usage of cast acrylic sheets, extruded sheets, pellets, and beads of polymethyl methacrylate in the real estate, construction, signs & display, healthcare, and furniture & design sector. The growing electronics industry, increasing healthcare equipment demand, and rising production of automobiles are also driving the demand for PMMA in the region. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the production of vehicles in the U.S. was recorded at 9.1 million units in 2021, which was an increase of 4% compared to 2020 production.

Asia Pacific polymethyl methacrylate market contributed to 1/3rd of the global revenues in 2022 and with its market value expected to grow at a CAGR of 6.0% from 2023 to 2030. The large population in the region is augmenting the growth of the real estate, automobile, and electronics segment, especially in countries like India, China, South Korea, and Japan. According to the WORLD BANK GROUP, the urbanized population of India was 35%, while for China, it was 63% in the year 2021, and it is continuously increasing; thus, resulting in the growth of the residential as well as commercial spaces, which in turn, is expected to propel the growth of the Asia Pacific PMMA market.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐐𝐮𝐞𝐫𝐲, 𝐕𝐢𝐬𝐢𝐭 @

https://exactitudeconsultancy.com/reports/10364/polymethyl-methacrylate-market/

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𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐄𝐱𝐚𝐜𝐭𝐢𝐭𝐮𝐝𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 𝐡𝐞𝐥𝐩𝐬 𝐭𝐡𝐞 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐗𝐎𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭𝐬:

𝐈𝐧𝐜𝐮𝐥𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

𝐏𝐞𝐫𝐟𝐞𝐜𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧𝐬:The report analyses the demographics, growth potential, and capability of the Polymethyl Methacrylate market through the forecast period.

𝐓𝐡𝐢𝐬 𝐟𝐚𝐜𝐭𝐨𝐫 𝐥𝐞𝐚𝐝𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 Polymethyl Methacrylate market size and also provides an outline about how the market will retrieve growth during the assessment period.

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: The report focuses on the ongoing and upcoming investment opportunities across a particular Polymethyl Methacrylate market that will help the stakeholders to be aware of the current investment scenario across the market.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐧𝐞𝐰 𝐢𝐧 𝟐𝟎𝟐𝟒?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Polymethyl Methacrylate market.

- Updated financial information and product portfolios of players operating in the Polymethyl Methacrylate  market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Polymethyl Methacrylate.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

- Country level market for Polymethyl Methacrylate market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.

Please contact our sales professional ( sales@exactitudeconsultancy.com ),  we will ensure you obtain the report which works for your needs.

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https://exactitudeconsultancy.com/ja/reports/10364/polymethyl-methacrylate-market/

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