World News: 14:35 GMT Friday 12th July 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global polymethyl methacrylate (PMMA) market size is anticipated to reach USD 8.16 billion by 2025Escalating demand for Light-Emitting Diode (LED) flat screens in Asia Pacific is projected to propel the market growth over the coming years. The market has shifted its focus toward developing bio-based alternatives to combat raw material price issues. Eco-friendly PMMA is now being developed with the introduction of bio-based raw materials, such as MMA from renewable organic feedstock. This, in turn, is anticipated to provide lucrative growth opportunities for new market entrants.Extruded sheets are expected to remain the dominant product segment. These sheets have a better tolerance on thickness, typically +/-10%, as compared to cast acrylic sheets. The product is also expected to witness growth on account of its high transparency that makes it ideal for signs and displays in the advertising sector. North America and Europe are characterized by the presence of leading resin manufacturers and technological capabilities of further processing these resins for end uses. Asia Pacific is projected to register the highest CAGR of 9.1% from 2019 to 2025 on account of increasing investments in renewable energy infrastructure and commercial projects undertaken in China, India, and Japan.
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Related Topics: Engineering Plastics
Globe Newswire: 14:35 GMT Friday 12th July 2019
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