PMMA market for construction application in Italy from cell cast sheets & blocks is anticipated to exceed a valuation of nearly $14.5 million by the end of the forecast timeframe. PMMA cell cast sheets, because of their attributes like greater optical clarity, matt surface, gloss, and anti-reflective, are highly used in construction of museum and aquarium casings. Growing demand for PMMA cell casts as a cost-effective alternative for materials including metal, ceramics, wood, and glass for construction application due to greater strength features is likely to foster the overall market growth.
The PMMA market for construction application is projected to witness a lucrative growth rate over the forthcoming years due to key product attributes such as versatile coloring options, high light transmission, weathering, and UV light resistance. Shifting preference away from glass and towards shatterproof PMMA materials is also likely to propel the overall Polymethyl methacrylate market share from construction applications.
At present, key manufacturers and their respective R&D teams are developing new technologies and innovative products to enhance the PMMA market. Citing an instance, in October 2020, the Altuglas International research team in France, reportedly overcame a main technical hurdle of PMMA, that is known for its rigidity, so as to invent ShieldUp Flex sheet. This has been made flexible without having the requirement to add plasticizers as well as without changing the properties of the material.
ShieldUp Flex is known to be impact and chemical resistant, making this patented innovation one of the best solutions for projects that need transparency, durability, flexibility, shock resistance, and light weight. This kind of new innovation will be well suited for numerous applications.
Global Market Insights, Inc., forecasts that PMMA market for construction application size will be worth $3 billion by 2024.
Germany PMMA market for construction application is likely to surpass a valuation of approximately $125 million by the end of the analysis time period. This anticipated growth is ascribed to the increasing consumption of organic food, which is further increasing greenhouse construction activities. Properties including high insulation, longer life span, and easy installation have further supported the use of PMMA material for greenhouse construction, thereby favoring the industry growth.
Rapidly increasing construction activities across Saudi Arabia backed by Vision 2030 initiative is expected to drive the construction sector in Saud Arabia. Ongoing and upcoming projects such as Riyadh metro, Jeddah tower, and NEOM are likely to have a positive impact on the MEA construction sector, thereby amplifying the market size. Moreover, the product offers various useful key attributes including heat resistance, impact strength, tensile strength, and flexural strength which is anticipated to surge the PMMA market for construction application growth.
Companies are also engaged in strategic agreements to consolidate their industry position, which is likely to boost investments in extension of product line and capacity expansion. Citing an instance, in May 2020, Lucite International, a renowned leader, in acrylics, and Agilyx Corporation, reportedly started working to deliver a substantial contribution to the Circular Economy for polymethyl methacrylate materials with the support of Mitsubishi Chemical Corporation, parent company of Lucite International.
PMMA is among one of the few plastics which could be chemically de-polymerized as well as purified in order to form a virgin quality monomer. Forming a new agreement with Agilyx, Lucite International would be using Agilyx depolymerization technology to describe the most appropriate chemical recycling infrastructure for recycling of PMMA.
Polycasa NV, SABIC, Arkema Group, and Mitsubishi chemical group among many others are some of the key players operating in the PMMA market for construction application.
Increasing construction activities to boost APAC acrylonitrile butadiene styrene market growth
On that account, a recent research by Global Market Insights, Inc., anticipates the acrylonitrile butadiene styrene market size to exceed a valuation of USD 39.27 billion through 2027.
Demand for passenger safety systems to foster automotive plastics applications
Asia Pacific automotive plastics market is slated to witness notable growth, owing to the significant demand for modern automobiles in countries like India, China, South Korea, and Japan. As per the OICA, nearly 25.72 million automobiles, including cars and passenger vehicles were produced in China in 2019. Increasing consumer preference towards automobiles lashed with advanced automotive electronics and passenger safety systems are encouraging industry players to expand their businesses to APAC.
Silver nanowires demand to rise with the thriving electronics industry
The Global Silver Nanowires Market Report includes a comprehensive analysis of the present of the market. The report starts with the basic Industry overview and then goes into each and every detail.
