Market Overview:
The global PMMA engineering plastics market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PMMA engineering plastics from various end-use industries, such as construction, photoelectricity, lighting, transportation and others. In terms of type, general PMMA is expected to hold a major share of the global market during the forecast period. However, heat resistant PMMA is projected to grow at a higher CAGR than general PMMA during the forecast period owing to its properties such as high thermal resistance and low coefficient of thermal expansion (CTE). In terms of application, construction is expected to be one of the key segments for growth in this market during the forecast period.
Product Definition:
PMMA engineering plastics are a type of plastic that is used in a variety of engineering applications. They have many properties that make them ideal for these applications, including high strength, stiffness, and resistance to wear and tear. PMMA engineering plastics are also optically clear, which makes them ideal for use in optical components.
General PMMA:
Polymethyl Methacrylate, commonly known as PMMA or generically as polymethyl methacrylate is a type of acrylic polymer. It is a transparent thermoplastic with high heat and chemical resistance. It has excellent mechanical properties such as strength, rigidity and dimensional stability at room temperature but gets softer when heated which makes it suitable for applications where aesthetics is important factor like in LED headlights.
Heat Resistant PMMA:
The heat-resistant PMMA is a kind of engineering plastic that can be easily processed by injection molding, compression molding, and extrusion. It has high impact strength and good surface hardness with excellent weather resistance. The product finds application in various industries including automotive & transportation, building & construction, electrical & electronics as well as consumer goods owing to its properties such as lightweight along with high strength and durability.
Application Insights:
The construction application segment led the global market in 2017. The product is widely used in residential, commercial and industrial buildings as well as infrastructural components owing to its superior properties such as lightweight, high chemical & thermal resistance and good impact strength. In addition, it can be molded into complex shapes that include sharp edges which makes it ideal for use in construction applications.
The photoelectricity application segment is expected to witness significant growth over the forecast period on account of increasing demand from LED light bulbs and electronic devices. General-purpose polymers like PMMA are preferred over other materials due to their low price coupled with excellent performance characteristics making them an ideal material for use in LED lighting products especially across developing countries where electricity costs are relatively higher when compared to developed countries like U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various application industries. China, India, Japan, South Korea and Taiwan are some of the largest consumers of these products owing to their rapid industrialization along with growing infrastructure needs.
The construction industry in Asia Pacific is also booming due to increasing urbanization across countries such as China and India which has led to an increase in residential complexes, commercial buildings as well as infrastructural projects such as roads & railways networks. This has resulted in a significant rise in consumption for use across building materials including cementitious composites for both interior and exterior applications along with other construction purposes such as waterproofing coatings etc.
Growth Factors:
- Growing demand from the automotive industry: The global automotive market is expected to grow at a CAGR of 4.5% during the forecast period, which is expected to drive the demand for PMMA engineering plastics.
- Increasing use in medical devices: PMMA engineering plastics are increasingly being used in medical devices as they offer excellent optical clarity and resistance to chemicals and solvents. This is expected to drive the growth of the market during the forecast period.
- Rising demand from Asia Pacific: Asia Pacific is currently one of the fastest-growing regions for PMMA engineering plastics, owing to rising industrialization and increasing disposable income levels in countries such as China and India. This is likely to result in strong growth prospects for this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
PMMA Engineering Plastics Market Research Report
By Type
General PMMA, Heat Resistant PMMA, Impact Resistant PMMA
By Application
Construction, Photoelectricity, Lighting, Transportation, Others
By Companies
Mitsubishi Chemical, Advent International, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi, Zhongmeng Longxin, Lotte MCC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global PMMA Engineering Plastics Market Report Segments:
The global PMMA Engineering Plastics market is segmented on the basis of:
Types
General PMMA, Heat Resistant PMMA, Impact Resistant PMMA
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Photoelectricity, Lighting, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical
- Advent International
- Chi Mei
- Arkema
- Sumitomo Chemical
- LG MMA
- Double Elephant Optical Material
- Kuraray
- Plaskolite
- Asahi Kasei
- PTTGM
- Shanghai Jingqi
- Zhongmeng Longxin
- Lotte MCC
Highlights of The PMMA Engineering Plastics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General PMMA
- Heat Resistant PMMA
- Impact Resistant PMMA
- By Application:
- Construction
- Photoelectricity
- Lighting
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PMMA Engineering Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PMMA Engineering Plastics is a type of engineering plastic that is used in products such as medical devices, eyeglasses, and contact lenses. PMMA Engineering Plastics is also used in the manufacturing of solar panels and other energy-related products.
Some of the major players in the pmma engineering plastics market are Mitsubishi Chemical, Advent International, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi, Zhongmeng Longxin, Lotte MCC.
The pmma engineering plastics market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PMMA Engineering Plastics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PMMA Engineering Plastics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PMMA Engineering Plastics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PMMA Engineering Plastics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PMMA Engineering Plastics Market Size & Forecast, 2020-2028
4.5.1 PMMA Engineering Plastics Market Size and Y-o-Y Growth
4.5.2 PMMA Engineering Plastics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 General PMMA
5.2.2 Heat Resistant PMMA
5.2.3 Impact Resistant PMMA
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Photoelectricity
6.2.3 Lighting
6.2.4 Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PMMA Engineering Plastics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PMMA Engineering Plastics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 General PMMA
9.6.2 Heat Resistant PMMA
9.6.3 Impact Resistant PMMA
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Photoelectricity
9.10.3 Lighting
9.10.4 Transportation
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 General PMMA
10.6.2 Heat Resistant PMMA
10.6.3 Impact Resistant PMMA
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Photoelectricity
10.10.3 Lighting
10.10.4 Transportation
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 General PMMA
11.6.2 Heat Resistant PMMA
11.6.3 Impact Resistant PMMA
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Photoelectricity
11.10.3 Lighting
11.10.4 Transportation
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 General PMMA
12.6.2 Heat Resistant PMMA
12.6.3 Impact Resistant PMMA
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Photoelectricity
12.10.3 Lighting
12.10.4 Transportation
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 General PMMA
13.6.2 Heat Resistant PMMA
13.6.3 Impact Resistant PMMA
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Photoelectricity
13.10.3 Lighting
13.10.4 Transportation
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PMMA Engineering Plastics Market: Competitive Dashboard
14.2 Global PMMA Engineering Plastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical
14.3.2 Advent International
14.3.3 Chi Mei
14.3.4 Arkema
14.3.5 Sumitomo Chemical
14.3.6 LG MMA
14.3.7 Double Elephant Optical Material
14.3.8 Kuraray
14.3.9 Plaskolite
14.3.10 Asahi Kasei
14.3.11 PTTGM
14.3.12 Shanghai Jingqi
14.3.13 Zhongmeng Longxin
14.3.14 Lotte MCC
