Market Overview:
The global PMMA resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PMMA resin from various applications such as construction, photoelectricity, lighting, transportation and others. In terms of type, general PMMA is expected to hold a major share in the global PMMA resin market during the forecast period. However, heat resistant and impact resistant PMMA are also expected to witness significant growth during the forecast period owing to their properties such as high thermal resistance and impact resistance respectively.
Product Definition:
PMMA Resin is a transparent thermoplastic resin which is used to make products such as spectacle frames, lighting diffusers and signs. PMMA resin has good optical properties and resistance to weathering. It can be easily machined and thermoformed into a variety of shapes.
General PMMA:
Polymethyl Methacrylate, also known as PMMA or polymethyl methacrylate resin, is a type of acrylic polymer. It is a transparent thermoplastic elastomer that can be processed at low temperatures and has excellent mechanical properties. The material has high transparency ranging from UV to IR range and exhibits strong resistance to weatherization along with chemical resistance against various solvents & acids.
Heat Resistant PMMA:
It has superior properties such as high transparency, toughness, and dimensional stability at elevated temperatures. The product finds application in various industries including automotive & transportation, electronics & electrical and medical devices owing to its excellent thermal resistance property.
Increasing demand for lightweight materials in the automotive industry coupled with rising focus on fuel economy is expected to drive the global PMMA resin market over the forecast period.
Application Insights:
The construction application segment led the global market and accounted for more than 45.0% share of the total revenue in 2017. The growth of this segment is attributed to increasing demand from various sectors such as building & construction, automotive, industrial and others. In addition, easy availability coupled with low cost has been fueling product consumption in the construction industry over the past few years.
The photoelectricity application segment is expected to witness significant growth over the forecast period owing to rising use in LED lighting products across various regions including North America and Europe due to its high efficiency compared to other plastics used for manufacturing these light sources such as polycarbonate plastic composites (PC/PCMC). Moreover, growing demand from end-use industries such as electrical & electronics will fuel further product penetration during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from various application segments, such as construction, photoelectricity, lighting and transportation. China is projected to be a key country for the regional market on account of rapid industrialization coupled with supportive government policies aimed at promoting investments in manufacturing facilities and infrastructure development projects.
The Asia Pacific was followed by Europe which accounted for a share of 24.1% in terms of volume in 2017 due to high product utilization across several industries including automotive, packaging and electrical & electronics among others that are witnessing strong growth prospects globally over the coming years.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing use of PMMA in LED lighting applications
- Rising demand for optically clear plastics in consumer electronics products
- Increasing penetration of PMMA resin in medical devices and implants market
- Growing popularity of 3D printing technology
Scope Of The Report
Report Attributes
Report Details
Report Title
PMMA Resin Market Research Report
By Type
General PMMA, Heat Resistant PMMA, Impact Resistant PMMA
By Application
Construction, Photoelectricity, Lighting, Transportation, Others
By Companies
Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi, Zhongmeng Longxin
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global PMMA Resin Market Report Segments:
The global PMMA Resin 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
- Evonik
- Chi Mei
- Arkema
- Sumitomo Chemical
- LG MMA
- Double Elephant Optical Material
- Kuraray
- Plaskolite
- Asahi Kasei
- PTTGM
- Shanghai Jingqi
- Zhongmeng Longxin
Highlights of The PMMA Resin 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 Resin 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 resin is a type of plastic that is made from the combination of polymethyl methacrylate and monomer. PMMA resin can be used in a variety of products, including medical devices, eyeglasses, and toys.
Some of the major players in the pmma resin market are Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi, Zhongmeng Longxin.
The pmma resin market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PMMA Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PMMA Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PMMA Resin Market - Supply Chain
4.5. Global PMMA Resin Market Forecast
4.5.1. PMMA Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PMMA Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. PMMA Resin Market Absolute $ Opportunity
5. Global PMMA Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PMMA Resin Market Size and Volume Forecast by Type
5.3.1. General PMMA
5.3.2. Heat Resistant PMMA
5.3.3. Impact Resistant PMMA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PMMA Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PMMA Resin Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Photoelectricity
6.3.3. Lighting
6.3.4. Transportation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PMMA Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PMMA Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PMMA Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PMMA Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PMMA Resin Demand Share Forecast, 2019-2026
9. North America PMMA Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PMMA Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PMMA Resin Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Photoelectricity
9.4.3. Lighting
9.4.4. Transportation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PMMA Resin Market Size and Volume Forecast by Type
9.7.1. General PMMA
9.7.2. Heat Resistant PMMA
9.7.3. Impact Resistant PMMA
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PMMA Resin Demand Share Forecast, 2019-2026
10. Latin America PMMA Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PMMA Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PMMA Resin Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Photoelectricity
10.4.3. Lighting
10.4.4. Transportation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PMMA Resin Market Size and Volume Forecast by Type
10.7.1. General PMMA
10.7.2. Heat Resistant PMMA
10.7.3. Impact Resistant PMMA
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PMMA Resin Demand Share Forecast, 2019-2026
11. Europe PMMA Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PMMA Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PMMA Resin Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Photoelectricity
11.4.3. Lighting
11.4.4. Transportation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PMMA Resin Market Size and Volume Forecast by Type
11.7.1. General PMMA
11.7.2. Heat Resistant PMMA
11.7.3. Impact Resistant PMMA
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PMMA Resin Demand Share, 2019-2026
12. Asia Pacific PMMA Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PMMA Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PMMA Resin Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Photoelectricity
12.4.3. Lighting
12.4.4. Transportation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PMMA Resin Market Size and Volume Forecast by Type
12.7.1. General PMMA
12.7.2. Heat Resistant PMMA
12.7.3. Impact Resistant PMMA
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PMMA Resin Demand Share, 2019-2026
13. Middle East & Africa PMMA Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PMMA Resin Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PMMA Resin Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Photoelectricity
13.4.3. Lighting
13.4.4. Transportation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PMMA Resin Market Size and Volume Forecast by Type
13.7.1. General PMMA
13.7.2. Heat Resistant PMMA
13.7.3. Impact Resistant PMMA
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PMMA Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PMMA Resin Market: Market Share Analysis
14.2. PMMA Resin Distributors and Customers
14.3. PMMA Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Evonik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chi Mei
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Arkema
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG MMA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Double Elephant Optical Material
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kuraray
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Plaskolite
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asahi Kasei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PTTGM
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanghai Jingqi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhongmeng Longxin
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
