News Contact Us

PMMA market for construction application Research Report 2020 | Growth Forecast 2024

Author : Ravi Chawat | Published Date : 2020-09-07 

From sound barriers application, PMMA market for construction application is anticipated to gain momentous revenue of over USD 385 million by 2024. Polymethyl methacrylate materials are optically clear as well as soundproof and find extensive utilization in the manufacturing of sound barriers. Owing to rising noise pollution, a surging demand for sound proofing is witnessed in hospitals, schools and residential areas and is estimated to positively impact growth of PMMA market in construction application.

PMMA market outlook for construction application is expected to be driven by growing adoption of polymethyl methacrylate (PMMA) materials in place of glass in construction owing to superior resistivity from weathering, harmful UV light, versatile coloring options and high light transmission. Moreover, surge in integration of shatterproof and weathering resistant materials in several applications such as greenhouse facade, worktops, car ports, aquariums, etc., will further propel product demand.

Request for a sample copy of this report @ https://www.gminsights.com/roc/3150

The product has impressive attributes such as easy molding and extremely hardwearing property, and is hence utilized in solid surfaces for industrial and domestic installations. Over the coming years, global solid surface & cast polymers industry is estimated to register notable CAGR of over 6.5% owing to rising demand for minimal maintenance products. This is estimated to positively impact solid surface polymers utilization, and hence transforming PMMA market trends for construction application over the coming years. In terms of revenue, PMMA market size for construction application is projected to surpass USD 3 billion by 2024.

From application in cell cast sheets and blocks, Italy PMMA market share is estimated to witness robust growth, generating revenue of over USD 14.5 million through 2024. Owing to versatile characteristics including optical clarity, gloss, matt surface and anti-reflective attributes, polymethyl methacrylate cell cast sheets are utilized in construction of museum and aquarium casings. Surging demand for PMMA cell casts as a superior and economical substitute for materials including wood, ceramics, metal and glass for construction applications owing to exceptional strength of the product is anticipated to boost PMMA market for construction application.

In the Asia-Pacific region, India PMMA market is projected to gain substantial traction, and is estimated to register notable CAGR of up to 6% over the analysis period. Rapid urbanization and growing spending in infrastructure building activities across the region is estimated to augment PMMA market forecast in the coming years. Moreover, rising popularity of contemporary architectural designs in commercial and residential buildings has boosted facades manufacturing sector, which will further fuel PMMA market for construction application. With superior strength quality and impressive finishing, polymethyl methacrylate materials are majorly utilized for manufacturing facades. 

Request for customization @ https://www.gminsights.com/roc/3150

Furthermore, growing demand for manufacturing of energy saving solar panels and high-performance facades owing to robust strength and transparency characteristics of PMMA will shape PMMA market trends over the analysis period.

U.S. is projected to be a major regional ground for growth of PMMA market for construction application, with considerable gains of over USD 360 million by 2024. PMMA offers aesthetic effects and is available in different colors, making it suitable for manufacturing door canopies and balustrades. Rising urbanization in the country is estimated to fortify PMMA market share across the region.

PMMA market for construction application is slightly consolidated. Key industry participants contributing towards PMMA market include Mitsubishi Chemical Group, Polycasa NV, SABIC and Arkema Group. Speaking of the competitive scenario, the market players are investing heavily in strategies such as R&D, product innovation and capacity expansion to gain a wider customer reach. 

Read more news @

Packaging Materials Market: Global Industry Analysis, Growth, Trends and Forecast, 2020-2024

Expanded Perlite Market 2020 – Global Industry Trends and Growth Forecast to 2024

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Phase Change Materials Market 2020 Industry Outlook, Size, Shares, CAGR by the end of 2026

Published Date: 2020-09-18         Author: Ravi Chawat

Textiles industry shall be a growing end-user segment in phase change materials market with a promising CAGR over the coming years. The product uses latent heat which can be conserved or released from material over broad range of temperature. Additionally, this product can transform its existing sta... Read More

Expanding automotive sector to enable lubricants market to record appreciable gains by 2022

Published Date: 2020-09-18         Author: Ravi Chawat

According to speculations put forth by Global Market Insights, Inc., the worldwide lubricants market size is envisaged to reach a mammoth of USD 74 billion by 2022, in terms of revenue. Endorsing a massive application spectrum, the global lubricants market is touted to soar high in the business land... Read More

Coil Coatings Market is likely to surpass USD 4.8 billion by 2026 with a CAGR of 5.5%

Published Date: 2020-09-18         Author: Ravi Chawat

Coil coatings are utilized for a slew of purposes in several industries, construction, automotive, home appliances, furniture, and packaging being the key ones. The construction industry, in particular, generates a substantially high demand for coil coatings due to developing metallurgy technologies... Read More

© 2020 Fractovia. All Rights Reserved