Synthetic & Bio Pmma Market Size Worth $14.4 Billion by 2022: Global Market Insights, Inc.

Synthetic & Bio PMMA Market size worth $14.4 Billion by 2022, as per a new research report by Global Market Insights, Inc. Increase in branding activities by multinational corporations & regional companies, in the form of hoardings and visual displays is anticipated to drive demand.

Browse In-depth Research Report on Global Synthetic and Bio-based PMMA Market with detailed Charts and Figures: https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-pmma-polymethyl-methacrylate-market-size

Increasing consumer awareness for light weight vehicles with better fuel efficiency coupled with regulations to curb pollution levels is likely to favor growth. Globalbio PMMA market size is likely to exceed USD 2.6 Billion by 2022 with estimated gains of more than 17.5%.

PMMA extruded sheets market dominated consumption and accounted for more than 56% of the total demand in 2014. Growth in signs & display industry coupled with gaining LED screen popularity among is likely to favor extruded sheets growth. Cell cast sheet & blocks are anticipated to witness highest gains at 7% from 2015 to 2022.

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Increasing installations of flat panel displays in TV units owing to growing consumer demand is likely to positively influence the market. Growing application scope in medical & healthcare sector in manufacturing dentures, syringes, bone cements and cuvettes is likely to drive PMMA demand. Stringent government regulations owing to release of GHG (green house gases) from using raw materials such as ammonia, methanol and acetone is likely to hamper industry growth. Investments to develop green bio PMMA production routes are likely to generate new growth opportunities.

Key insights from the report include:

• Global PMMA market size registered 1.97 Million tons in 2014 and is likely to reach 3.25 million tons by 2022, at an estimated CAGR of 6.5%.

• Signs and...