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U.S. Polymethyl Methacrylate Industry Trends, Analysis To 2022 by Grand View Research Inc. Business Articles | January 11, 2016
Grand View has announced the addition of "U.S. Polymethyl Methacrylate Market Analysis and Segment Forecasts To 2022" Market Research report to their Database.
U.S. polymethyl methacrylate(PMMA) market is expected to reach USD 1.02 billion by 2022, according to a new report by Grand View Research Germain Ifedi Hat , Inc. Increasing PMMA consumption in automotive and construction industries is expected to drive growth over the forecast period. These industries have reached pre economic crisis levels, which have prompted the domestic demand. Volatile MMA prices coupled with stringent regulations are expected to impact profitability of key manufacturers.?
Extruded sheets were the largest product segment and accounted for over 50% of total domestic demand in 2014. Rising application in LED screens, solar panels, visual marketing communication displays and interiors is expected to drive product growth. Pellets are expected to witness the highest growth of 3.6% from 2015 to 2022. Rising demand from intermediate processors who require product variety and color diversity is expected to drive product growth.?
Browse full research report on Global U.S. Polymethyl Methacrylate (PMMA) Market:?
Further key findings from the study suggest:
U.S. PMMA market demand was 214.6 kilo tons in 2014 and is expected to grow at a CAGR of 3.4% from 2015 to 2022. Signs and displays was the leading application segment with demand share estimated at 34.1% in 2014. Increasing PMMA penetration in signage, display cabinets Shaquill Griffin Hat , leaflet dispensers, casings and holders application is expected to drive this segment. Automotive is expected to witness the highest gain in its market size over the forecast period. The segment is expected to grow at a CAGR of 3.6% from 2015 to 2022. Increasing product consumption in passenger car components such as LED headlights and window glazing is projected to boost automotive applications over the forecast period. Increasing demand for high performance plastics to curb the overall weight of automobiles in order to improve fuel efficiency is also expected to help in market development. Other niche applications such as coating, emulsions, solar panels, furniture and medical devices are also anticipated to accelerate U.S. PMMA market growth. Industry is highly consolidated with top four companies including Lucite International Ethan Pocic Hat , Altuglas, Plaskolite and Evonik accounting for over 70% of total market in 2014. Altuglas International emerged as the leading player in the domestic PMMA market. Price wars, differentiated production processes and integrated supply chain are some key attributed in the domestic industry.?
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Read detailed report or request for sample of this research report:?
Grand View Research has segmented the U.S. PMMA market on the basis of product and application:
U.S. PMMA Product Outlook (Volume, Kilo Tons; Revenue, USD Million Will Dissly Hat , 2012 - 2022)
Kerala, being a prime tourist destination of India attracts thousands of tourists every year. It also attracts many people for the purpose of business. To serve the increasing demand of touristy crowd, Kerala has come up with number of hotels and resorts.
The hospitality sector of Kerala is well developed. Tourists visiting Kerala will come across a number of hotels and resorts where they can make they stay during their trip. Here you will get wide varieties of hotels to make your stay ranging from deluxe to budget hotels and resorts.