High Impact Resistant PMMA Market SWOT Analysis | Company Snapshot | In-depth Research Report

CITY, Country, 2020-Jul-29 — /EPR Network/ —

Global high impact resistant PMMA market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares and size of top players. This syndicated research report also provides application, regional, products insights and offer ready, data-driven answers to many industry-level questions.

Market Overview:

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.

Key Players:

  • Evonik
  • Arkema
  • Mitsubishi Rayon Co
  • LG MMA
  • Kuraray
  • Asahi Kasei 

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Growth Drivers: 

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.

Market Segment: 

Market split by Application, can be divided into:

  • Building & Construction
  • Electronics & Electrical
  • Automotive 

Market segment by Region/Country including:

  • North China
  • Northeast China
  • East China
  • South Central China
  • Southwest China
  • Northwest China

Regional Insights: 

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.

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