Consumption within the polymethyl methacrylate market reached an estimated 1.67 million tones worldwide in 2011. One of the major driving forces behind this market growth is the boom light guided panel (LGP) based LCD screen.
During the global economic crisis, the polymethyl methacrylate market suffered a decline in demand. In 2010 and 2011, the industry recovered from recession and was able to register considerable growth.
Polymethyl methacrylate is a transparent thermoplastic and impact resistant substitute of glass. It has good impact resistant, weather resistant and chemical resistant properties and is light in weight, rigid and has colour versatility.
The signs and display segment represents the market with largest consumption of polymethyl methacrylate followed by the construction industry.
Asia-Pacific is the largest geographic market and the largest producer of polymethyl methacrylate. The second largest market is Europe followed by North America.
Asia-Pacific represents the largest region within then polymethyl methacrylate market, accounting for an estimated 40% of global market revenue share in 2011. By 2017 market value is estimated to reach $4.49 billion.
Japan based Mitsubishi Rayon (including Lucite) is the largest supplier of polymethyl methacrylate. Some of the other major suppliers/manufactures are Arkema SA (France), LG MMA (South Korea), Chi Mei Corp. (Taiwan), Evonik Industries (Germany), and Sumitomo Chemical Company Ltd (Japan).
For more information on the polymethyl methacrylate market, see the latest research: Polymethyl Methacrylate Market Report
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