27 December 2019 - The Global High Impact
Resistant PMMA Market is set to
witness a higher CAGR during the forecast period. Polymethyl methacrylate
(PMMA) is one of the widely used acrylics in the plastics industry. Acrylics
are available in several forms such as casting syrups and molding powder are
commonly known for remarkable clarity and features. Acrylics are widely used in
the production of fixtures due to aesthetic properties.
High
impact resistant PMMA market is driven rise in demand for high strength,
chemical and UV resistance. Increase in applications such as plastic sheet
glass in vehicles and commercial fittings propels the market growth. The market
is stimulated due to rise in technological infrastructure and demand for
innovative products. The PMMA is an alternative to glass that offers features
such as transparency, high UV resistance and efficient light transmission.
However, significant pricing and availability of cheaper substitutes hinders
the market growth during the forecast period.
By
Grade, the high impact resistant PMMA industry is segmented as general and
optical purpose. Application category is segmented as construction, automotive,
smartphones, televisions, virtual reality headsets, signs & displays and
lighting fixtures & electronics. By type, the market segmentation includes
3D back cover glass and 3D display glass.
Geographical
segmentation for the market spans North America, South America, Europe,
Asia-Pacific, Middle East and Africa. Asia-Pacific accounts for a significant
market share in the international market due to rise in demand for high quality
plastics in end-use industries. Growth in infrastructural development enlarges
the market scope.
North
America regions register a higher market position due to adoption of innovative
approach for producing LED lights. The demand for PMMA is rising due to
technological advancements and innovation. The key players profiled in the high
impact resistant PMMA market Chi Mei Corporation, Sumitomo Chemical Co and
Mitsubishi Rayon Co Ltd.
Market Segment:
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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