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Hexa Reports
Market Research Reports and Insightful Company Profiles
Global Polymethyl Methacrylate (PMMA) Market Size,
Market Share, Application Analysis, Regional Outlook,
Growth, Trends, Competitive Scenario And Forecasts, 2012
To 2020
A recent study by Hexa Research reveals that the global polymethyl methacrylate (PMMA) market will
experience growth at a CAGR of more than 6% from 2013 to 2020. Emerging economies of China and
India are giving rise to industries like electronics, signs and displays and automotive, all of which are
consumers of polymethyl methacrylate. Moreover, ongoing research in the area of bio-based PMMA
and newer application areas of optical grade PMMA such as coatings and emulsions, medical and
healthcare, solar power, etc. will propel market growth in future. Other upcoming applications of PMMA
are expected to be in industries like sanitary ware, apparel, furniture, etc.
Based on product type, Hexa Research divides the total PMMA industry into extruded sheets, pellets,
beads and cell cast sheet & blocks. Extruded sheets dominated the global market with more than 54%
volumes in 2012. The market for beads will grow fastest with a CAGR of more than 6.9% from 2013 to
2020, mainly due to high demand from coatings and emulsions industry. The largest application
segment for global PMMA market in 2012 was signs and display. It contributed to more than 35% of the
total market volumes.
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Hexa Reports
Market Research Reports and Insightful Company Profiles
However, electronics industry will prove to be the fastest growing application area in future with a CAGR
of more than 7.6%. This will be mainly due to rising demand for LED flat panels and TV screens. Asia
Pacific, with more than 65% of the total demand, was the regional market leader in 2012. It is also
foreseen to be the fastest growing region with expected CAGR of 7.3% from 2013 to...