Hexa Research
Fact-based market research , penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Based on product type , Hexa Research divides the total PMMA industry into extruded sheets , pellets , beads and cell cast sheet & blocks . Extruded sheets dominated the global market with more than 54 % volumes in 2012 . The market for beads will grow fastest with a CAGR of more than 6.9 % from 2013 to 2020 , mainly due to high demand from coatings and emulsions industry . The largest application segment for global PMMA market in 2012 was signs and display . It contributed to more than 35 % of the total market volumes . However , electronics industry will prove to be the fastest growing application area in future with a CAGR of more than 7.6 %. This will be mainly due to rising demand for LED flat panels and TV screens .
Asia Pacific , with more than 65 % of the total demand , was the regional market leader in 2012 . It is also foreseen to be the fastest growing region with expected CAGR of 7.3 % from 2013 to 2020 . Strong electronic base in Taiwan , China , South Korea , etc . coupled with relaxed regulations and low-cost resources like labor , technology , etc . make Asia Pacific a lucrative market for PMMA . While Europe will experience moderate growth , Middle East , Africa and Latin America will exhibit above-average growth of PMMA .
Hexa Research identifies Chi Mei Corporation , Mitsubishi Rayon , Evonik SA , and Altuglas International to be the four leading manufacturers of PMMA . These players were responsible for more than 70 % of the total global PMMA production in 2012 .
Browse Related Category Market Reports @ https :// www . hexaresearch . com / researchcategory / bulk-chemicals-industry
About Us : Hexa Research is a market research and consulting organization , offering industry reports , custom research and consulting services to a host of key industries across the globe . We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives .
Contact : + 1-800-489-3075
Email : sales @ hexaresearch . com Website : http :// www . hexaresearch . com /