PUBLISHER: Industry Experts | PRODUCT CODE: 1260102
PUBLISHER: Industry Experts | PRODUCT CODE: 1260102
PMMA offers unique properties such as outstanding light transmission, inherently stable to UV-light, and excellent scratch and impact resistance. These properties make PMMA the ideal material for several applications in sectors like transportation, architecture, electronics and medical. Building & construction, automotive and electrical & electronics are the three largest markets for PMMA with a combined share of around 77% in 2022.
Impact of COVID-19 on the global Polymethyl Methacrylate (PMMA) compounds and sheets market was moderate in 2020, attributed to robust demand for protective/barrier screens partially offsetting huge decline in demand from automotive industry. Demand for PMMA has recovered sharply in 2021 after a moderate 2.3% year-over-year (YOY) decline in 2020 and is further expected to maintain a CAGR of 3.1% through 2028. PMMA market growth will be strong in automotive & transportation, building & construction and electrical & electronics sectors.
The market for end-use applications of PMMA studied in this report comprise the following:
The report reviews, analyzes and projects the global PMMA market for the period 2019-2028 in terms of volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2022 through 2028.