Increasing marketing budget by companies to spend on advertising campaigns in order to create brand equity is expected to drive PMMA market growth
Global market Insights has announced release of new study based report on PMMA (Polymethyl Methacrylate). According to the report projected for period of 2015-2022, PMMA market size is forecast to surpass 3.1 million tons, at a growing CAGR of more than 6.3% by 2022. Growing expenditures in marketing and advertising campaigns is projected to fuel market growth during the expected time frame.
View a summary of the “Synthetic and Bio-based Polymethyl Methacrylate (PMMA) Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-pmma-polymethyl-methacrylate-market-size
The latest industry research report scrutinizes the PMMA market by different segments including regions, applications, companies, etc. over the projected time frame of seven years. This report provides a comprehensive overview of the PMMA industry comprising definitions, classifications, and market players in the industry chain structure. The qualitative and quantitative is offered for the market considering key development trends, competitive landscape, and crucial factors prevailing in the synthetic &Bio PMMA market.
The research report scrutinizes the global synthetic &Bio PMMA industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.
Global bio PMMA market will witness higher growth rates and exceed 530 kilo tons by 2022 during the estimated time frame. PMMA market price trend is likely to prove a vital factor in market penetration for bio-based alternatives. Global advertising expenditure is anticipated to surpass USD 670 billion by 2022. Increasing demand for low emission, light-weight and fuel efficient vehicles is projected to boost growth.
Rising demand for LED flat panel display TVs, growth in sign and display segment, growing application scope in healthcare sectors are expected to impact the market growth positively. Fluctuating prices of raw materials are forecast to hamper PMMA market growth.
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Strict government rules and regulations to limit GNG emissions and control dependence upon reducing fossil fuels are anticipated to support bio based PMMA market growth. Rising investments in order to develop this technology is poised to open new growth avenues. Construction was accounted as the major application segment is anticipated to experience moderate growth at over 6.2% in the near future.
Asia Pacific dominated the revenue generation segment and is expected to witness substantial growth and hit USD 1.35 billion, owing to low production cost, cheap labor wages and large consumer base in China and India. Europe market is projected to experience below average growth rates up to 2022 owing to recent Euro crisis.
Key market players in the industry include Arkema (Atluglas International), Mitsubishi Rayon, Chi Mei Corp and Sumitomo Chemicals, LG MMA, Dow Chemical, Asahi Kasei, Kuraray and Polycasa.
Author Name : Dhananjay Punekar