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Global Poly Methyl Methacrylate (PMMA) Market: Market Driver and Restraint
Applications of Poly Methyl Methacrylate (PMMA) are anticipated to create new business segments in the market. Poly Methyl Methacrylate (PMMA) is in use for a broad range of products such as Construction, Photoelectricity, Lighting, Transportation & others. There lies a great opportunity and some new entrants are active to enter into the market. Poly Methyl Methacrylate (PMMA) application is developed towards a more active mode.
Global Poly Methyl Methacrylate (PMMA) Market: Key Takeaways
· On the one hand, Poly Methyl Methacrylate (PMMA) manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of Poly Methyl Methacrylate (PMMA).
· Major suppliers are dedicated to expanding global presence via joint ventures presently. Besides, the PMMA production is usually produced or located nearly in the MMA facilities.
Global Poly Methyl Methacrylate (PMMA) Market: Forecast by Form
This segment includes General PMMA, Heat Resistant PMMA, Impact Resistant PMMA, etc. In terms of volume, General PMMA segment is expected to remain dominant in the global Poly Methyl Methacrylate (PMMA) market.
Global Poly Methyl Methacrylate (PMMA) Market: Forecast by Region
North America, Europe, China, Japan, Other Asia are the five regions that are included in this report. Europe is the dominant market in the global Poly Methyl Methacrylate (PMMA) market in terms of value. The Europe Poly Methyl Methacrylate (PMMA) market was estimated to be valued at US$ 2,046 Mn in 2017 and is expected to expand at a value CAGR of 5.7% over the forecast period. The North America market is expected to expand at a robust rate of 3.4% in terms of revenue over the forecast period due to the steadily increasing production capacity for Construction products in this region.
Global Poly Methyl Methacrylate (PMMA) Market: Key Players
Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical, LG MMA, Double Elephant Optical Material, Kuraray, Plaskolite, Asahi Kasei, PTTGM, Shanghai Jingqi, Zhongmeng Longxin, etc. are the key vendors included in this report.
The market concentration of Poly Methyl Methacrylate (PMMA) is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for about 40% of sales. Evonik is by far the leader, followed by Mitsubishi Chemical. Key Vendors like Arkema, Sumitomo Chemical and LG MMA are also playing important parts in regional market, so the market share in each region is quite different.
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