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The Business Research Company’s Polymethyl Methacrylate Market Report 2022: Market Size, Trends, And Forecast To 2026
The Business Research Company’s Polymethyl Methacrylate Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, May 26, 2022 /EINPresswire.com/ -- According to ‘Polymethyl Methacrylate Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the polymethyl methacrylate market size is expected to grow from $4.85 billion in 2021 to $5.05 billion in 2022 at a compound annual growth rate (CAGR) of 4.17%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global PMMA market is expected to reach $7.28 billion in 2026 at a CAGR of 9.55%. The increasing demand for PMMA in the electronic and automobile industries is contributing to the polymethyl methacrylate industry growth.
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The polymethyl methacrylate market consists of sales of polymethyl methacrylate materials by entities (organizations, partnerships, and sole proprietors) that are used as a substitute for glass in products such as illuminated signs, skylights, shatterproof windows, and aircraft canopies. Polymethyl methacrylate is a synthetic polymer that is hardened at room temperature and has less strength and low toxicity. PMMA is used in various industries, such as automotives, electronics, construction, signs and displays, and sanitary ware.
Global Polymethyl Methacrylate Market Trends The development of bio-based PMMA is providing opportunities to expand and is a key trend gaining popularity in the market. Bio-based PMMA is supposed to be a substitute in medical devices due to its biocompatibility compared to others. The medical industry has a higher demand for bio-based PMMA. Companies are also increasingly working on introducing new bio-based PMMA.
Global Polymethyl Methacrylate Market Segments By Form: Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads By End-User Industry: Building and Construction, Electrical and Electronics, Automotive and Transportation, Signs and Displays, Others (Medical, Furniture) By Grade: General Purpose Grade, Optical Grade By Geography: The global polymethyl methacrylate market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
Read more on the global polymethyl methacrylate market report at: https://www.thebusinessresearchcompany.com/report/polymethyl-methacrylate-global-market-report
Polymethyl Methacrylate Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides polymethyl methacrylate global market overview, global polymethyl methacrylate market analysis and forecasts market size and growth for the global polymethyl methacrylate market, polymethyl methacrylate global market share, polymethyl methacrylate global market segments and geographies, polymethyl methacrylate global market players, polymethyl methacrylate global market leading competitor revenues, profiles and market shares. The polymethyl methacrylate global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Polymethyl Methacrylate Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Arkema SA (France), Mitsubishi Rayon Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. (Japan), CHI MEI Corporation (Taiwan), Evonik Industries AG (Germany), Kolon Industries Inc. (South Korea), Polycasa N.V. (Belgium), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Asahi Kasei Corporation (Japan), Gehr Plastics Inc. (U.S.), Kuraray Group (Japan), The Dow Chemical Company (U.S.), LG Chem, and Makevale Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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About The Business Research Company? The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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