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Europe PMMA market for construction application to accrue notable revenue by 2024

Publisher : Fractovia | Published Date : 2019-07-08Request Sample

PMMA market for construction application is poised to observe lucrative business opportunities in the years to come, driven by escalating demands from the construction sector for materials that boast of properties similar to that of glass. Polymethyl methacrylate (PMMA) can be used as a shatterproof and weatherproof replacement for glass. In fact, when it comes to making windows out of PMMA, the material holds a crucial advantage over glass. It is significantly more transparent than any form of window-grade glass panels.

PMMA is also capable of retaining its transparency when they are manufactured thick, but glass panels lose their transparency with increase in thickness of material. These capabilities are actively advocating PMMA adoption across a number of high-revenue industries with PMMA market for construction application leading the charge.

U.S. PMMA Market for Construction application, By Application, 2017 & 2024, (Kilo Tons)
U.S. PMMA Market for Construction application, By Application, 2017 & 2024, (Kilo Tons)

Owing to the unique properties including optical clarity, resistance, UV stability, PMMA is preferred majorly for construction-related applications such as sound barriers, aquariums, facades and greenhouses. In addition, PMMA’s reliability and immense mechanical resistance is fundamentally revolutionizing the construction sector as it is providing architects the ability to imagine and bring stunning pieces of architectural marvels. Thus, increasing demand for PMMA for attaining architectural design flexibility will drive industry outlook.

The rising demand for state-of-the-art aquariums in commercial establishments will drive PMMA market. The modern viewing panels that provide visitors unhindered visibility are often made out of PMMAs as other materials such as glass tend to develop scratches and clouding that demand more maintenance.

Recently, EU launched the World Aquariums against Marine Litter initiative wherein the European Commission would forge partnerships with aquariums across the world to raise more awareness around plastic pollution. This initiative is expected to bring in more visitors to aquariums from schools, colleges and other organizations in the form of educational tours, improving ticket sales while also triggering maintenance and expansion activities. This would further bring in substantial growth to the PMMA market from aquarium construction applications.

With increasing construction activities across the globe, waste generated out of it is also growing exponentially. In 2016, the EU construction sector generated 923 million tons of waste, accounting for the largest waste stream across the continent in terms of volume; 30% of all waste annually generated. In this regard, pertaining to sustainability and recycling ability of PMMA, construction companies across the globe will fuel the product demand.

In Europe, the regulatory bodies have been implementing strict emission and pollution control norms. Under such a stringent regulatory scenario, construction companies are facing immense pressure to change their age-old practices and incorporate more recyclable and ecofriendly raw materials while also striving to lower the carbon footprint of the structures they build, creating industry conditions that are ideal for increasing PMMA market share.

Europe also boasts of a highly sophisticated road infrastructure; in recent years PMMA panels are seeing significant adoption across the continent’s roadway systems as sound barriers. Moreover, PMMA panels are also experiencing extensive use across car ports due to their ability to withstand tough climactic conditions without losing their impact strength and stability, opening up another growth avenue to the PMMA industry.

All in all, based upon the material’s ability to replace glass across several construction applications and further extend architects’ designing capabilities, it is overtly clear that PMMA would become a commonplace material across the construction sector in near future. In fact, a Global Market Insights, Inc., research report estimates that the PMMA market for construction application would be surpassing an overall valuation of $3 billion by 2024.

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