Global Poly Methyl Methacrylate Revenue Increase With The 3.54% Average Increasing Rate From 2013 To 2018
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Poly methyl methacrylate (PMMA) production has relatively low technology barrier and is dispersive relatively. Currently, there are many producing companies in the world poly methyl methacrylate (PMMA) industry. The main market players are Mitsubishi Chemical, Evonik, Chi Mei, Arkema, Sumitomo Chemical and LG MMA. The sales of poly methyl methacrylate (PMMA) will increase to 2594.2 K MT in 2018 from 2267.2 K MT in 2013 with an average growth rate of about 2.73%.
The global revenue increase with the 3.54% average increasing rate from 2013 to 2018. Asia Pacific is the mainly consumption region due to the bigger demand of downstream applications. This region occupied 50.34% of the global consumption of poly methyl methacrylate (PMMA) in 2017.
Poly methyl methacrylate (PMMA) is mainly applied in construction, photoelectricity, lighting and transportation, etc. Among those, construction application occupies the largest consumption share of 34.27% in 2017. With the development of economy, the downstream application industries will need more poly methyl methacrylate (PMMA). So, poly methyl methacrylate (PMMA) has a huge market potential in the future.
The major raw material for poly methyl methacrylate (PMMA) is methyl methacrylate (MMA). Fluctuations in the price of the upstream product will impact on the production cost of poly methyl methacrylate (PMMA), and then impact the price of poly methyl methacrylate (PMMA).
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. The price presents fluctuation according to the economy development status. Also, there is fluctuation in gross margin.