Global High Impact Resistant PMMA Market 2018-2023

Global high impact resistant PMMA market is expected to grow at a significant CAGR of 3.5% by 2023 as the scope and its applications are rising enormously across the globe. PMMA is abbreviated as polymethyl methacrylate is an amorphous polymer that is also termed as synthetic glass or acrylic. It comprises the high luminous transmittance with the density of 1.14 to 1.20 g/cm3 and specific gravity 1.19.

The factors that are playing a major role in the growth of market are the high demand from end-users, the rising R&D investment, and the rising use of enhanced technology. However, the fluctuating cost of raw materials may restrain the overall market growth in the years to come. High impact resistant PMMA market is segmented based on applications and region.

The market may be categorized based on applications like medical industry, automotive industry, mechanical industry, electrical and electronics, home-use electrical appliances, and others could be explored in the forecast period. Medical industry sector comprises artificial joints and chest fillers, cranioplasty, and bones. The automotive industry comprises signal lamps or taillights of vehicles, motorcycles, and others. Home-use electrical appliances sector comprises sleep with instructions panels, faucet knobs, and others. Electrical and electronics sector comprise radio panels, mobile phones, DVD-light beams, and others.

High impact resistant PMMA market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, Asia Pacific may account for the significant market share of high impact resistant PMMA and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the high demand from the end-users and the presence of key manufacturers in the region. The developing countries like India and China are the major consumers of high impact resistant PMMA in this region.

The key players of high impact resistant PMMA market are AsahiKASEI, Evonik, Kuraray, Arkema, Lucite, Sumitomo, Chi Mei, and Mitsubishi Rayon Co. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Chinese high impact resistant PMMA market is anticipated to grow at a CAGR of 3.5% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (building & construction, electronics & electrical, automotive, etc.), and by geography (North China, Northeast China, East China, South Central China, Southwest China, Northwest China).

The report covers forecast and analysis for the High Impact Resistant PMMA market. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the High Impact Resistant PMMA market along with the impact they have on the demand over the forecast period.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the Chinese High Impact Resistant PMMA market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in Chinese High Impact Resistant PMMA market.

Key Applications
- Building & Construction
- Electronics & Electrical
- Automotive

Key regions
- North China
- Northeast China
- East China
- South Central China
- Southwest China
- Northwest China

Key Vendors
- Evonik
- Arkema
- Mitsubishi Rayon Co
- LG MMA
- Kuraray
- Asahi Kasei
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the Chinese High Impact Resistant PMMA market?
- What are the challenges to market growth?
- Who are the key players in the High Impact Resistant PMMA market?
- What are the market opportunities and threats faced by the key players?