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The global market for bio-based PMMA is expected to grow at a CAGR of over 16% between 2023 and 2030, from an estimated $203 million in 2022. Lightweightness, adaptability, and the capacity to refract light play a significant role in the success of the company.
A number of sectors have seen growth thanks to the material's advantageous properties, such as its light weight, adaptability, and light-refracting properties. Sustainable materials are becoming increasingly important, and bio-based PMMA offers a greener option that is in step with shifting consumer tastes and stricter regulations. The growth of the market will be aided by the widespread adoption of this cutting-edge technology in end-user industries including transportation, electronics, and building. This upward trajectory highlights the material's ability to reshape the manufacturing landscape by bringing together cutting-edge performance characteristics and environmental concern.
Lightweight bio-based polymethyl methacrylate (PMMA) was developed to lessen the environmental impact of high-performance resins. Instead of using nonrenewable resins, this can be used instead. Compared to conventional acrylics, it is tougher and more impact resistant, and it has better melt processability. End-use industries like the medical, automotive, electronic, and construction sectors make extensive use of bio-based PMMA.
The expanding need for bio-based PMMA in the automotive industry is driving demand in other industries. Bio-based polymethyl methacrylate (PMMA) is a durable, lightweight, and transparent plastic that can be used as a glass substitute due to its high insulation and resistance to the elements. It is typically found in the lenses of car external lighting. Because of its low cost, high strength, and excellent all-weather performance, it has a huge market share in the automobile sector. Bio-based PMMA is becoming increasingly popular among automakers as they strive to create more environmentally friendly goods.
To better inform vendors, this research will break down the market's potential by geography and product category. Understanding the existing market condition and the way it will evolve in the future was crucial for estimating the opportunity. In order to predict the market, researchers are closely comparing production and consumption habits. The expansion of adjacent markets, rising sales by leading market vendors, scenario-based analyses, and expanding market segments are all taken into account when making predictions about the overall market. The market size was estimated using both a top-down and bottom-up strategy, and the results were verified by in-depth interviews with market participants. Taking into account the characteristics of the market, we calculated the Specialty Chemicals by summing their respective segments, the Specialty Chemicals' contribution to Diversified Materials, and the vendors' market shares.
Better thickness tolerance, lower costs, less dirt, and less lint or particulate contamination are just a few of the benefits of extruded sheets. Extruded sheets of bio-based PMMA find use in hygienic fixtures. Digital displays, such as those seen on computers and smartphones, are another growing market for these products. Extruded sheets have several uses and benefits, including resistance to scratches and fogging, solar reflectivity, glare reduction, and UV protection. These enhancements will foster market growth.
Report Coverage
Global Bio-based PMMA research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio-based PMMA report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio-based PMMA competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio-based PMMA market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio-based PMMA market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio-based PMMA market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Evonik Industries, Arkema SA, Mitsubishi Chemical, Altuglas International Sas, Kuraray Group, Asahi Kasei Corp., Sumitomo Chemical Co., Ltd, Sabic, Makevale Group, RTP Company.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio-based PMMA market based on the below-mentioned segments:
Global Bio-based PMMA Market, By Type
General PMMA
Heat-resistant PMMA
Impact-resistant PMMA
Global Bio-based PMMA market, By Application
Automotives
Electronics
Consumer goods
Signs and Display
Construction
Healthcare
Others
Global Bio-based PMMA Market, By Product
Extruded Sheet
Pellets
Beads
Others
Global Bio-based PMMA market, Regional Analysis
A number of sectors have seen growth thanks to the material's advantageous properties, such as its light weight, adaptability, and light-refracting properties. Sustainable materials are becoming increasingly important, and bio-based PMMA offers a greener option that is in step with shifting consumer tastes and stricter regulations. The growth of the market will be aided by the widespread adoption of this cutting-edge technology in end-user industries including transportation, electronics, and building. This upward trajectory highlights the material's ability to reshape the manufacturing landscape by bringing together cutting-edge performance characteristics and environmental concern.
Lightweight bio-based polymethyl methacrylate (PMMA) was developed to lessen the environmental impact of high-performance resins. Instead of using nonrenewable resins, this can be used instead. Compared to conventional acrylics, it is tougher and more impact resistant, and it has better melt processability. End-use industries like the medical, automotive, electronic, and construction sectors make extensive use of bio-based PMMA.
The expanding need for bio-based PMMA in the automotive industry is driving demand in other industries. Bio-based polymethyl methacrylate (PMMA) is a durable, lightweight, and transparent plastic that can be used as a glass substitute due to its high insulation and resistance to the elements. It is typically found in the lenses of car external lighting. Because of its low cost, high strength, and excellent all-weather performance, it has a huge market share in the automobile sector. Bio-based PMMA is becoming increasingly popular among automakers as they strive to create more environmentally friendly goods.
To better inform vendors, this research will break down the market's potential by geography and product category. Understanding the existing market condition and the way it will evolve in the future was crucial for estimating the opportunity. In order to predict the market, researchers are closely comparing production and consumption habits. The expansion of adjacent markets, rising sales by leading market vendors, scenario-based analyses, and expanding market segments are all taken into account when making predictions about the overall market. The market size was estimated using both a top-down and bottom-up strategy, and the results were verified by in-depth interviews with market participants. Taking into account the characteristics of the market, we calculated the Specialty Chemicals by summing their respective segments, the Specialty Chemicals' contribution to Diversified Materials, and the vendors' market shares.
Better thickness tolerance, lower costs, less dirt, and less lint or particulate contamination are just a few of the benefits of extruded sheets. Extruded sheets of bio-based PMMA find use in hygienic fixtures. Digital displays, such as those seen on computers and smartphones, are another growing market for these products. Extruded sheets have several uses and benefits, including resistance to scratches and fogging, solar reflectivity, glare reduction, and UV protection. These enhancements will foster market growth.
Report Coverage
Global Bio-based PMMA research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio-based PMMA report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio-based PMMA competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio-based PMMA market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Evonik Industries, Arkema SA, Mitsubishi Chemical, Altuglas International Sas, Kuraray Group, Asahi Kasei Corp., Sumitomo Chemical Co., Ltd, Sabic, Makevale Group, RTP Company. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bio-based PMMA Market from 2021 to 2030.
- Market Forecast for Bio-based PMMA Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bio-based PMMA competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bio-based PMMA
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio-based PMMA market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio-based PMMA market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Evonik Industries, Arkema SA, Mitsubishi Chemical, Altuglas International Sas, Kuraray Group, Asahi Kasei Corp., Sumitomo Chemical Co., Ltd, Sabic, Makevale Group, RTP Company.
Primary Target Market
- Market Players of Bio-based PMMA
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio-based PMMA market based on the below-mentioned segments:
Global Bio-based PMMA Market, By Type
General PMMA
Heat-resistant PMMA
Impact-resistant PMMA
Global Bio-based PMMA market, By Application
Automotives
Electronics
Consumer goods
Signs and Display
Construction
Healthcare
Others
Global Bio-based PMMA Market, By Product
Extruded Sheet
Pellets
Beads
Others
Global Bio-based PMMA market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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