Selbyville, Delaware, March 08, 2019 (GLOBE NEWSWIRE) --
PMMA Market for construction application is expected to grow from USD 1.5 billion in 2017 to USD 3 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Growing demand of manufacturing shatterproof and weathering resistant materials in order to replace glass in several applications including aquariums, car ports, worktops, greenhouse, facades. The product can be colored according to the utilization, thus finding its application for door canopies and balustrades. This will propel PMMA market demand in construction application.
The product has extremely hardwearing material and easy molding property is used in solid surfaces for contract and domestic installations. Global solid surface and cast polymers industry is projected to grow at 6.5% in the predicted time period owing to rising demands of minimal maintenance products. This will have a positive impact on solid surface polymers utilization, thus enhancing PMMA market for construction application.
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China PMMA market for construction industry may witness significant gains up to 6% by 2024. It is utilized for producing facades due to its versatile and simple machining options. Rising standard of living and increasing investments in real-estate sector will propel product demand.
PMMA market for construction application from windows & doors application is projected to exceed USD 930 million in the foreseeable timeframe. Its properties including UV and chemical resistance finds its applications to manufacture windows & doors profiles. Rising expenditures for home remodeling in Canada and the U.S. will stimulate product demand.
Global PMMA market for construction application from sound barriers application is likely to exceed USD 385 million in the foreseeable timeframe. The product being optically clear and soundproof is utilized to manufacture sound barriers. Growing demand of sound barriers for hospital and residential areas owing to rising noise pollution will positively impact PMMA market for construction application.
Browse key industry insights spread across 180 pages with 163 market data tables & 39 figures & charts from the report, “PMMA Market For Construction Application By Form (Extruded, Cell Cast Sheets & Blocks), By Application (Greenhouse, Doors & Windows, Sound Barriers, Facades, Balustrades), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, South Korea, Australia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pmma-market-for-construction
Polymethyl methacrylate cracks under excessive load and limited heat resistance up to 80 degree Celsius may impact market profitability. Strict government regulations regarding synthetic plastics usage might also hamper industry growth.
Global cell cast sheets & blocks PMMA market for construction may observe gains over 5% in the projected timeline. It finds application in greenhouse due to its exceptional light transmitting and heat insulation properties. Increasing demand of organic fruits and vegetables will enhance greenhouse development. This will stimulate PMMA industry size for construction application.
U.S. PMMA market in construction is projected to exceed USD 360 million by 2024. It pursues aesthetic effects and is available in different colors. This makes it suitable for manufacturing balustrades and door canopies. Rising urbanization in the country will fortify regional demand.
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PMMA market size for construction application is slightly consolidated with key industry participants including Mitsubishi chemical group, SABIC, Arkema Group, and Polycasa NV. Manufacturers are making heavy investments in R&D, product innovation and capacity expansion in order to cater increasing market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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