MarketsandMarkets: Global Polymethyl Methacrylate (PMMA) Market worth $9.7 Billion by 2017

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MarketsandMarkets: Global Polymethyl

Methacrylate (PMMA) Market worth $9.7 Billion

by 2017

PR Newswire

DALLAS, July 6, 2012

DALLAS

,

July 6, 2012

/PRNewswire/ --

According to a new market research report,

"Polymethyl Methacrylate

(PMMA) Market by Application, Grade & Form - Global Trends &

Forecasts (2012 - 2017)"

, published by MarketsandMarkets

(http://www.marketsandmarkets.com), the global Polymethyl Methacrylate

application market is expected to be worth

US$9.7 billion

by 2017, growing at a

compound annual growth rate of 6.5% from 2012 to 2017. The

Asia-Pacific

market was estimated to account for nearly 40% of the total revenues in 2011.

Browse more than 80 market data tables spread through more than

163 pages and in-depth TOC on "Polymethyl Methacrylate (PMMA)

Market by Application, Grade & Form - Global Trends & Forecasts

(2012 -2017)".

http://www.marketsandmarkets.com/Market-Reports/polymethyl-methacrylate-

pmma-market-715.html

Early buyers will receive 10% customization on reports.

Polymethyl Methacrylate (PMMA) is available in the form of sheet, pellet or

bead having high UV resistance. PMMA is obtained into these different forms

(pellets, sheets) by the polymerization of MMA. PMMA is often preferred over

glass because of its moderate properties, easy handling and processing, and

low cost. PMMA on overall grade basis is divided into two types which include

general purpose (GP) and optical grade PMMA.

The signs and displays segment forms the largest application market of the

overall PMMA market with an expected

$2.6 billion

by 2017 and growing at a

CAGR of 6.4% from 2012 to 2017. The high market size and consumption of

PMMA in signs and displays application segment is due to its extensive use in

TFT-LCDs, display panels and screens, and signage's.

High growth of PMMA application market, presence of major PMMA

manufacturers as well as users in

Asia-Pacific

region, made the dominant

market for polymethyl methacrylate (PMMA). The region held a 40.1% share of

the global polymethyl methacrylate market, followed by

Europe

with a 27.9%

share in 2011.

Use of polymethyl methacrylate in automotive at presently accounts for around

12.3% of the total

polymethyl methacrylate market

, revenue wise, but this

share is estimated to increase to 13.6% by 2017.

Asia Pacific

region is the largest market for polymethyl methacrylate with

40.1% of the global polymethyl methacrylate market revenue share in 2011

and is estimated to reach

$4.49 billion

by 2017.

Europe

is the second largest

consumer of polymethyl methacrylate followed by

North America

.

The report segments the global polymethyl methacrylate market revenue by

applications, grades and geography. It also focuses on market dynamics such

as drivers, restraints, and opportunities.

About MarketsandMarkets

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