HOME Top Market Reports Polymethyl Methacrylate (PMMA) Market by Application, Grade & Form - Global Trends & Forecasts (2012 – 2017)

Polymethyl Methacrylate (PMMA) Market by Application, Grade & Form - Global Trends & Forecasts (2012 – 2017)

By: marketsandmarkets.com
Publishing Date: July 2012
Report Code: AD 1177

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Polymethyl Methacrylate (PMMA) is a transparent thermoplastic and impact resistant substitute of glass. It has good impact resistant, weather resistant and chemical resistant properties. It is light in weight, rigid and has color versatility. PMMA is used in various applications across automotive, electronics, construction, signs and displays, sanitary ware, lighting fixtures and other industries. Signs and display is a major market with largest consumption of PMMA followed by construction industry. Asia-Pacific is the largest geographic market and accounts for more than half of  PMMA consumption. It is also the largest producer of PMMA. The second largest market is Europe followed by North America.

During global economic crisis polymethyl methacrylate market faced a decline in demand. In 2010 and 2011, the industry recovered from recession and registered significant growth. The estimated consumption of PMMA reached 1.67 million tones in 2011 globally. A boom light guided panel (LGP) based LCD screen market is one of the major drivers for this material.

Japan based Mitsubishi Rayon (including Lucite) is the largest supplier of polymethyl methacrylate. Some of the other major suppliers/manufactures are France based Arkema SA, South Korea’s LG MMA, Taiwan’s Chi Mei Corp., Germany’s Evonik Industries, and Japan based Sumitomo Chemical Company Ltd and Kuraray.

Methyl methacrylate (MMA) the key raw material and BASF, LG MMA, Arkema, Chi Mei, Dow Chemicals, Evonik, Mitsubishi Rayon and Sumitomo Chemicals are the major suppliers of MMA. In first half of 2011, industry faced short supply of MMA which restricted the supply of PMMA. Now both MMA and PMMA manufacturers are expanding their capacities to meet the future polymethyl methacrylate demand. Companies are also investing highly on R&D activities to develop better PMMA products. This will not only increase PMMA penetration in existing applications but also broaden the range of applications.

The report covers the major polymethyl methacrylate applications market which includes signs & displays, construction, automotive, lightning fixtures, electronics, and sanitary ware. The major on goings in the global PMMA are analyzed with respect to market drivers, opportunities, and winning imperatives related to the industry.

Based on the grade, the global PMMA market is segmented into general purpose and optical grade. PMMA market is majorly dominated by general purpose grade PMMA which accounted for 59.1% of the global PMMA market by consumption and the rest of the PMMA market is covered by optical grade PMMA.

The polymethyl methacrylate market share has been analyzed by taking into consideration the production capacity of major players of PMMA market which includes Arkema SA (France), LG MMA (South Korea), Chi Mei Corp. (Taiwan), Sumitomo Chemical Company Ltd (Japan), Evonik Industries (Germany), Mitsubishi Rayon (Japan), and Quinn Plastics (U.K.). These companies are also analyzed with respect to their products and competitive development in the past few years along with future speculations. The major competitive developments in these companies involved are product developments, agreements, joint ventures, and plant capacity expansions. The study PMMA price in different geographical regions along with PMMA prices for Asia based companies has also been discussed in this report.

The report also profiles the major players mentioned above with respect to their business, products, developments, financials, strategies, and other company specific information. This gives a brief idea about the areas in which company is progressing and the expansion and penetration, the company has been able to gain within the polymethyl methacrylate industry.

The global market is also segmented with respect to different geographical regions including North America, Europe, Asia, and ROW. The study analyzes the application market for these regions as well and gives market value with respect to consumption and revenue for different PMMA applications. Asia-Pacific region is the largest market for PMMA with an estimated 40% of global market revenue share in 2011 and is estimated to reach $4.49 billion by 2017. The market is further segmented with respect to geographic break down which includes China, Japan, South Korea, India, U.S., Canada, Mexico, Germany, U.K., France, Spain, and Italy.

Markets Covered

The key markets covered in the global polymethyl methacrylate market are by application, grade and geography.

Grade type:

  • General Purpose Grade
  • Optical Grade

Applications:

  • Signs and Displays
  • Construction
  • Automotive
  • Lighting Fixtures
  • Sanitary Ware
  • Electronics

Stakeholders:

  • PMMA Manufacturers
  • PMMA Suppliers
  • Electronics and Semi-conductor Companies
  • Sanitary Ware Companies
  • Automotive Manufacturers
  • Automotive Component Suppliers
  • Panels and Screens Manufacturers
  • Raw Material Suppliers

TABLE OF CONTENTS

1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKEHOLDERS
  1.5 RESEARCH METHODOLOGY

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
  3.1 INTRODUCTION
  3.2 VALUE CHAIN ANALYSIS
  3.3 MARKET DYNAMICS
      3.3.1 DRIVERS
            3.3.1.1 Growing LCD market
            3.3.1.2 Capacity expansion plans of major PMMA producers
            3.3.1.3 High R&D investment by POLYMETHYL METHACRYLATE manufacturers
      3.3.2 IMPACT ANALYSIS
      3.3.3 RESTRAINT
            3.3.3.1 Scarcity of raw materials
      3.3.4 OPPORTUNITIES
            3.3.4.1 High economic growth rate of major markets
            3.3.4.2 PMMA for car sun roof
  3.4 WINNING IMPERATIVE
      3.4.1 MANAGING THE POLYMETHYL METHACRYLATE SUPPLY CHAIN
  3.5 POLYMETHYL METHACRYLATE GRADES
      3.5.1 OPTICAL GRADE PMMA
      3.5.2 GP (GENERAL PURPOSE) GRADE
  3.6 POLYMETHYL METHACRYLATE FORMS
      3.6.1 PMMA SHEET
      3.6.2 PMMA PELLET
      3.6.3 PMMA BEAD
  3.7 PRICE ANALYSIS
  3.8 PORTER’S FIVE FORCES ANALYSIS
      3.8.1 THREAT FROM SUPPLIERS
      3.8.2 THREAT FROM NEW ENTRANTS
      3.8.3 THREAT FROM BUYERS
      3.8.4 THREAT FROM SUBSTITUTES
      3.8.5 DEGREE OF COMPETITION
  3.9 MARKET SHARE ANALYSIS
  3.10 PATENT ANALYSIS

4 GLOBAL PMMA MARKET, BY APPLICATION
  4.1 INTRODUCTION
  4.2 AUTOMOTIVE
  4.3 ELECTRONICS
  4.4 CONSTRUCTION
 4.5 SIGNS & DISPLAYS
  4.6 SANITARY WARE
  4.7 LIGHTING FIXTURES
  4.8 OTHERS

5 GLOBAL POLYMETHYL METHACRYLATE MARKET, BY GEOGRAPHY
  5.1 INTRODUCTION
  5.2 ASIA-PACIFIC
  5.3 NORTH AMERICA
  5.4 EUROPE
  5.5 ROW

6 COMPETITIVE LANDSCAPE
  6.1 INTRODUCTION
  6.2 NEW DEVELOPMENTS & TECHNOLOGIES
  6.3 JOINT VENTURES & AGREEMENTS
  6.4 PLANTS CAPACITY EXPANSIONS
  6.5 OTHERS

7 COMPANY PROFILES
  7.1 ARKEMA SA
      7.1.1 OVERVIEW
      7.1.2 FINANCIALS
      7.1.3 PRODUCTS & SERVICES
      7.1.4 STRATEGY
      7.1.5 DEVELOPMENTS
  7.2 ASAHI KASEI CORPORATION
      7.2.1 OVERVIEW
      7.2.2 FINANCIALS
      7.2.3 PRODUCTS & SERVICES
  7.3 CHI MEI CORPORATION
      7.3.1 OVERVIEW
      7.3.2 FINANCIALS
      7.3.3 PRODUCTS & SERVICES
      7.3.4 STRATEGY
      7.3.5 DEVELOPMENTS
  7.4 EVONIK INDUSTRIES AG
      7.4.1 OVERVIEW
      7.4.2 FINANCIALS
      7.4.3 PRODUCTS & SERVICES
      7.4.4 STRATEGY
      7.4.5 DEVELOPMENTS
  7.5 KURARAY CO LTD
      7.5.1 OVERVIEW
      7.5.2 FINANCIALS
      7.5.3 PRODUCTS & SERVICES
      7.5.4 STRATEGY
      7.5.5 DEVELOPMENTS
  7.6 LG MMA CORPORATION
      7.6.1 OVERVIEW
      7.6.2 FINANCIALS
      7.6.3 PRODUCTS & SERVICES
      7.6.4 STRATEGY
      7.6.5 DEVELOPMENTS
  7.7 MAKEVALE GROUP
      7.7.1 OVERVIEW
      7.7.2 FINANCIALS
      7.7.3 PRODUCT & SERVICES
      7.7.4 STRATEGY
      7.7.5 DEVELOPMENTS
  7.8 MITSUBISHI RAYON CO. LTD
      7.8.1 OVERVIEW
      7.8.2 FINANCIALS
      7.8.3 PRODUCTS
      7.8.4 STRATEGY
      7.8.5 DEVELOPMENTS
  7.9 QUINN PLASTIC
      7.9.1 OVERVIEW
      7.9.2 FINANCIALS
      7.9.3 PRODUCTS
      7.9.4 STRATEGY
      7.9.5 DEVELOPMENTS
  7.10 SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
      7.10.1 OVERVIEW
      7.10.2 FINANCIALS
      7.10.3 PRODUCT & SERVICES
      7.10.4 STRATEGY
      7.10.5 DEVELOPMENTS
  7.11 SUMITOMO CHEMICAL COMPANY LIMITED
      7.11.1 OVERVIEW
      7.11.2 FINANCIALS
      7.11.3 PRODUCTS
      7.11.4 STRATEGY
      7.11.5 DEVELOPMENTS


LIST OF TABLES

TABLE 1 POLYMETHYL METHACRYLATE MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 2 PMMA MARKET SIZE, 2010 – 2017
TABLE 3 POLYMETHYL METHACRYLATE PRODUCTION MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 4 CAPACITY EXPANSION PLANS OF MAJOR PMMA MANUFACTURERS
TABLE 5 R&D EXPENSES OF MAJOR COMPANIES, 2010 ($MILLION)
TABLE 6 PMMA MARKET VOLUME, BY GRADE, 2010 - 2017 (’000 MT)
TABLE 7 GLOBAL PMMA BEADS CONSUMPTION MARKET VOLUME, BY APPLICATION, 2010 - 2017 (MT)
TABLE 8 GLOBAL POLYMETHYL METHACRYLATE BEADS CONSUMPTION MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($THOUSAND )
TABLE 9 PMMA PRICE, 2010 – 2017 ($/TON)
TABLE 10 POLYMETHYL METHACRYLATE PRICES IN CHINA, BY COMPANY, 2012
TABLE 11 PMMA PATENTS, BY GEOGRAPHY, 2007 - 2011
TABLE 12 GLOBAL PMMA MARKET VOLUME, BY APPLICATION, 2010 - 2017 (’000 MT)
TABLE 13 MARKET REVENUE, BY APPLICATION,2010 - 2017 ($MILLION)
TABLE 14 AUTOMOTIVE: PMMA MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 15 AUTOMOTIVE: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 16 ASIA-PACIFIC: POLYMETHYL METHACRYLATE AUTOMOTIVE MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 17 ASIA-PACIFIC: AUTOMOTIVE MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 18 EUROPE: PMMA AUTOMOTIVE MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 19 EUROPE: AUTOMOTIVE MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 20 NORTH AMERICA: PMMA AUTOMOTIVE MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 21 NORTH AMERICA: AUTOMOTIVE MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 22 ROW: PMMA AUTOMOTIVE MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 23 ROW: AUTOMOTIVE MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 24 ELECTRONICS: POLYMETHYL METHACRYLATE MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 25 ELECTRONICS: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 26 CONSTRUCTION: PMMA MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 27 CONSTRUCTION: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 28 ASIA-PACIFIC: PMMA CONSTRUCTION MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 29 ASIA-PACIFIC: CONSTRUCTION MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 30 EUROPE: PMMA CONSTRUCTION MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 31 EUROPE: CONSTRUCTION MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 32 NORTH AMERICA: PMMA CONSTRUCTION MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 33 NORTH AMERICA: CONSTRUCTION MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 34 SIGNS & DISPLAYS: PMMA MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 35 SIGNS & DISPLAYS: MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($MILLION)
TABLE 36 ASIA-PACIFIC: PMMA SIGNS & DISPLAYS MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 37 ASIA-PACIFIC: SIGNS & DISPLAYS MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 38 EUROPE: POLYMETHYL METHACRYLATE SIGNS & DISPLAYS MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 39 EUROPE: SIGNS & DISPLAYS MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 40 NORTH AMERICA: PMMA SIGNS & DISPLAYS MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 41 NORTH AMERICA: SIGNS & DISPLAYS MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 42 SANITARY WARE: POLYMETHYL METHACRYLATE MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 43 SANITARY WARY: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 44 LIGHTING FIXTURES: PMMA MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 45 LIGHTING FIXTURES: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 46 OTHERS: PMMA MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 47 OTHERS: MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 48 GLOBAL POLYMETHYL METHACRYLATE MARKET VOLUME, BY GEOGRAPHY, 2010 - 2017 (’000 MT)
TABLE 49 GLOBAL PMMA MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 50 ASIA-PACIFIC: MAJOR APPLICATION MARKET VOLUME, BY COUNTRY, 2011 (’000 MT)
TABLE 51 ASIA-PACIFIC: MAJOR APPLICATION MARKET REVENUE, BY COUNTRY, 2011 ($MILLION)
TABLE 52 ASIA-PACIFIC: PMMA MARKET VOLUME, BY APPLICATION, 2010 - 2017 (’000 MT)
TABLE 53 ASIA-PACIFIC: MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($MILLION)
TABLE 54 ASIA-PACIFIC: MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 55 ASIA-PACIFIC: MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 56 NORTH AMERICA: MAJOR APPLICATION MARKET VOLUME, BY COUNTRY, 2011 (’000 MT)
TABLE 57 NORTH AMERICA: MAJOR APPLICATION MARKET REVENUE, BY COUNTRY, 2011 ($MILLION)
TABLE 58 NORTH AMERICA: POLYMETHYL METHACRYLATE MARKET VOLUME, BY APPLICATION, 2010 - 2017 (’000 MT)
TABLE 59 NORTH AMERICA: MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($MILLION)
TABLE 60 NORTH AMERICA: PMMA MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 61 NORTH AMERICA: MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 62 EUROPE: MAJOR APPLICATIONS MARKET VOLUME, BY COUNTRY, 2011 (’000 MT)
TABLE 63 EUROPE: MAJOR APPLICATIONS MARKET REVENUE, BY COUNTRY, 2011 ($MILLION)
TABLE 64 EUROPE: PMMA MARKET VOLUME, BY APPLICATION, 2010 - 2017 (’000 MT)
TABLE 65 EUROPE: MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($MILLION)
TABLE 66 EUROPE: PMMA MARKET VOLUME, BY COUNTRY, 2010 - 2017 (’000 MT)
TABLE 67 EUROPE: MARKET REVENUE, BY COUNTRY, 2010 - 2017 ($MILLION)
TABLE 68 ROW: POLYMETHYL METHACRYLATE MARKET VOLUME, BY APPLICATION, 2010 - 2017 (’000 MT)
TABLE 69 ROW: MARKET REVENUE, BY APPLICATION, 2010 - 2017 ($MILLION)
TABLE 70 NEW PRODUCT DEVELOPMENTS & TECHNOLOGIES, 2008 – 2012
TABLE 71 JOINT VENTURES & AGREEMENTS, 2009 - 2012
TABLE 72 PLANTS CAPACITY EXPANSIONS, 2010 – 2012
TABLE 73 OTHERS, 2009 - 2012
TABLE 74 ARKEMA SA: TOTAL REVENUE, BY SUB-SEGMENT UNDER CHEMICAL SEGMENT, 2010 - 2011 ($MILLION)
TABLE 75 ALTUGLAS INTERNATIONAL: PRODUCTS, DESCRIPTION & ITS APPLICATION
TABLE 76 ASAHI KASEI CORPORATION: TOTAL REVENUE, BY SEGMENTS, 2010 - 2011 ($MILLION)
TABLE 77 ASAHI KASEI CORPORATION: TOTAL REVENUE, BY COUNTRY, 2010 - 2011 ($MILLION)
TABLE 78 ASAHI KASEI CORPORATION: PRODUCTS, DESCRIPTION & ITS APPLICATIONS
TABLE 79 CHI MEI CORP: PRODUCTS, DESCRIPTION & ITS APPLICATION
TABLE 80 EVONIK INDUSTRIES: TOTAL REVENUE, BY SUB-SEGMENT UNDER CHEMICAL SEGMENTS, 2010 - 2011 ($MILLION)
TABLE 81 EVONIK INDUSTRIES: TOTAL REVENUE, BY GEOGRAPHY, 2010 - 2011 ($MILLION)
TABLE 82 EVONIK INDUSTRIES: PRODUCTS, DESCRIPTION & ITS APPLICATIONS
TABLE 83 KURARAY: TOTAL REVENUE, BY SEGMENTS, 2010 - 2011 ($MILLION)
TABLE 84 KURARAY: TOTAL REVENUE, BY GEOGRAPHY, 2010 - 2011 ($MILLION)
TABLE 85 KURARAY: PRODUCTS, DESCRIPTION & ITS APPLICATION
TABLE 86 MAKEVALE GROUP: DENTAL POLYMERS PRODUCTS & ITS FEATURES
TABLE 87 MAKEVALE GROUP: INDUSTRIAL POLYMERS PRODUCTS & ITS FEATURES
TABLE 88 MAKEVALE GROUP: BIO-MEDICAL POLYMERS PRODUCTS & ITS FEATURES
TABLE 89 SABIC: TOTAL REVENUE, BY SEGMENTS, 2010 - 2011 ($MILLION)


LIST OF FIGURES

FIGURE 1 VALUE CHAIN OF POLYMETHYL METHACRYLATE (PMMA) MARKET
FIGURE 2 IMPACT OF DRIVERS ON GLOBAL PMMA MARKET, 2010 – 2017
FIGURE 3 POLYMETHYL METHACRYLATE PRODUCTION PROCESS CHART
FIGURE 4 PORTER’S FIVE FORCES ANALYSIS – PMMA INDUSTRY
FIGURE 5 GLOBAL POLYMETHYL METHACRYLATE MARKET SHARE, 2011
FIGURE 6 AUTOMOTIVE: PMMA CONSUMPTION SHARE, BY COUNTRY, 2011
FIGURE 7 KEY GROWTH STRATEGIES, 2008 – 2012

The increasing need of high impact resistant, rigid, and light in weight material in the signs and displays; automotive, and construction industry is driving the market for polymethyl methacrylate (PMMA) made products. Advances in the market of electronics and automotive applications have given rise to the use of PMMA. When compared with conventional glass, PMMA provides easy handling and processing, and lower costs.

Polymethyl Methacrylate is used to make products which are used for architectural and urban development projects (noise barriers and street furniture), contemporary design (shop fittings and furniture), and interior design in construction application due to its light weight and rigidity. It is also widely used in automotive industry, as it is light in weight and weather resistant. It is used in tail-lights, windshields, windscreens, headlamps, and instrument panels which are used in automobiles. In signs and displays application, PMMA is used in the manufacturing of LCD panels and screens; for flat screen TVs and computer monitors; and for making signage (trade signs and display cases).

The global market revenue is estimated to be $6.6 billion in 2011. Majority of the polymethyl methacrylate market is occupied by signs and displays application which contributed approximately 26.7% in the overall market by revenue. Some of the major companies which deal in polymethyl methacrylate market include Japan based Mitsubishi Rayon (including Lucite), France based Arkema SA, South Korea’s LG MMA, Taiwan’s Chimei Corp., Germany’s Evonik Industries, Japan’s based Sumitomo Chemical Company Ltd and Japan’s based Kuraray.

Global Polymethyl Methacrylate Market Revenue, by Region, 2011

Polymethyl Methacrylate Market

Source: MarketsandMarkets

Asia-Pacific region is the largest market for PMMA while Europe and North America region are the second and third largest market. In terms of applications signs and displays, automotive, construction, and lighting fixtures are the largest market for polymethyl methacrylate. LCD panels and screens; and taillights and headlamps used in vehicles are some of the major applications where use of PMMA is going to increase. Growth in the LCD demand, capacity expansion plans and high R&D investment by PMMA manufacturers are the key market drivers. While scarcity of raw material i.e. methyl methacrylate (MMA) is identified as market restraint.

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