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PMMA market for construction applications | Impact of the increasing plastic usage in Europe’s real estate industry

Author : Rahul Varpe | Published Date : 2019-03-22 

Global Market Insights, Inc., report projects that the overall PMMA market for construction application is expected to surpass the $3 billion renumeration mark by 2024.  The modern European construction industry is increasingly adopting plastics in their practices to make construction activities and the building structures more affordable & energy efficient. The accelerated adoption of plastics and the incorporation of new plastic technologies are expected to majorly upscale the demand for PMMA in the continent’s construction segment, which incidentally is one of the largest employers in the European Union.

According to PlasticsEurope, Europe’s construction & building sector accounts for more than 19.7% of the approximately 49 million tons of plastics annually consumed across Europe, which is one in every five tons. With the demand for plastics on a continually escalating graph, Europe PMMA market for construction application is anticipated to record immeasurable growth in the ensuing years.

To access the table of contents or view the PMMA Market for construction application report in detail, please click the link below: www.gminsights.com/request-sample/detail/3150

Among the regional grounds, Germany, especially, is slated to establish itself as a prominent marketplace for Europe owing to the extensive utilization of PMMA in the construction of carports. The material’s shatterproof & durability properties make it an ideal raw material in the construction of the said carports, which are witnessing increasing demands owing to the growing vehicle sales across the country. This would consequently help augment the commercialization portfolio of the Germany PMMA industry for construction application, that is slated to cross $125 million by 2024.

Report Metric  

  • Market Size available for years:  2018-2024
     
  • Base year considered:    2017
     
  • Forecast period:    2019–2024
     
  • Forecast Value: 3 bn (USD)
     
  • Segments covered:  Form, Application, Regional Outlook  
     
  • Geographies covered:  North America, Europe, Asia Pacific, Latin America, MEA
     
  • Companies covered: Arkema Group, Evonik Industries AG, GEHR Plastics, Inc., Mitsubishi Chemical Holdings, Kuraray CO, Inc., Polycasa NV, Plaskolite, Inc., The Dow Chemical Company, SABIC, Sumitomo Chemical Company, Asahi Kasei, Inc

The global PMMA market for construction application has been experiencing significant growth lately, due to the increasing demand for shatterproof & weathering resistant materials as a viable replacement to glass. Numerous construction enterprises are continually looking for a suitable glass alternative to be utilized across a number of different applications that range from greenhouses, aquariums, worktops to facades and car ports, which would help augment PMMA market for construction application in the years ahead.

Apart from being shatterproof & weather resistant, PMMA also boasts of another considerable advantage over glass, which is the material’s transparency; PMMA is significantly more transparent than glass, and as opposed to it, maintains this transparency even when the panels are made too thick.

Moreover, the trend of increasingly promoting natural lighting in architectural designs – to the point that enterprises across the world when posting job perks also list out ‘access to natural light’ as an added advantage, would be ensuring sustained product demand. This is because the more a building design ensures natural light access, the more area there is for the installation of windows. Quite overtly, the global PMMA market for construction application would be significantly benefiting from this trend. A further elaboration of the same has been enlisted below:

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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