Product Code: ETC341784 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India polymethyl methacrylate market import shipments demonstrated strong growth momentum from 2020 to 2024, with a robust CAGR of 15.7%. Particularly noteworthy is the significant acceleration in growth between 2023 and 2024, with a growth rate of 54.6%. The market expanded rapidly, indicating a thriving and dynamic industry landscape.
The India polymethyl methacrylate (PMMA) market displays promising growth prospects, primarily due to the material`s applications in signage, automotive, construction, and electronics industries. PMMA`s optical clarity and durability drive its demand. Challenges include raw material costs and competition from alternative materials. Manufacturers can capitalize on innovation and customization to sustain growth.
The India polymethyl methacrylate market is poised for growth due to several driving factors. PMMA`s optical clarity, weather resistance, and versatility in applications such as signage, automotive components, and construction materials drive its demand. The growth of the construction and interior design sectors further contributes to the market`s expansion. Additionally, the trend towards lightweight and visually appealing materials in various industries supports PMMA`s adoption. However, price fluctuations of raw materials and competition from other transparent polymers could impact the market.
The polymethyl methacrylate (PMMA) market in India is expanding in applications like signage, automotive parts, and construction. Challenges include the high cost of production and the need for sophisticated processing techniques. Developing cost-effective production methods and exploring new applications for PMMA are key challenges.
The India polymethyl methacrylate (PMMA) market encountered challenges during the COVID-19 pandemic. The market faced reduced demand from end-user industries such as automotive, construction, and electronics due to disruptions caused by the pandemic. However, as economic activities gradually resume, the demand for PMMA is expected to recover. The market is driven by its increasing use in various applications, including automotive glazing, optical lenses, and architectural applications. Manufacturers may also explore opportunities in the medical and healthcare sectors, where PMMA is used in applications like medical devices and drug delivery systems.
The India polymethyl methacrylate (PMMA) market is expected to witness growth in sectors like signage and construction. Challenges include price volatility and competition from other materials. Major players include R?hm GmbH, Mitsubishi Chemical, and Sumitomo Chemicals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polymethyl Methacrylate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polymethyl Methacrylate Market Revenues & Volume, 2021 & 2031F |
3.3 India Polymethyl Methacrylate Market - Industry Life Cycle |
3.4 India Polymethyl Methacrylate Market - Porter's Five Forces |
3.5 India Polymethyl Methacrylate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 India Polymethyl Methacrylate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 India Polymethyl Methacrylate Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Polymethyl Methacrylate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in automotive and construction industries |
4.2.2 Growing popularity of polymethyl methacrylate in signage and display applications |
4.2.3 Rise in disposable income leading to higher spending on consumer goods |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to the use of polymethyl methacrylate in certain applications |
4.3.3 Competition from alternative materials like polycarbonate and PVC |
5 India Polymethyl Methacrylate Market Trends |
6 India Polymethyl Methacrylate Market, By Types |
6.1 India Polymethyl Methacrylate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 India Polymethyl Methacrylate Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 India Polymethyl Methacrylate Market Revenues & Volume, By Extruded sheet, 2021-2031F |
6.1.4 India Polymethyl Methacrylate Market Revenues & Volume, By Cast acrylic sheet, 2021-2031F |
6.1.5 India Polymethyl Methacrylate Market Revenues & Volume, By Pellets, 2021-2031F |
6.1.6 India Polymethyl Methacrylate Market Revenues & Volume, By Beads, 2021-2031F |
6.1.7 India Polymethyl Methacrylate Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Polymethyl Methacrylate Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 India Polymethyl Methacrylate Market Revenues & Volume, By General purpose grade, 2021-2031F |
6.2.3 India Polymethyl Methacrylate Market Revenues & Volume, By Optical grade, 2021-2031F |
6.3 India Polymethyl Methacrylate Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Polymethyl Methacrylate Market Revenues & Volume, By Signs & displays, 2021-2031F |
6.3.3 India Polymethyl Methacrylate Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 India Polymethyl Methacrylate Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 India Polymethyl Methacrylate Market Revenues & Volume, By Lighting Fixtures, 2021-2031F |
6.3.6 India Polymethyl Methacrylate Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.7 India Polymethyl Methacrylate Market Revenues & Volume, By Marine, 2021-2031F |
6.3.8 India Polymethyl Methacrylate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.9 India Polymethyl Methacrylate Market Revenues & Volume, By Agriculture, 2021-2031F |
7 India Polymethyl Methacrylate Market Import-Export Trade Statistics |
7.1 India Polymethyl Methacrylate Market Export to Major Countries |
7.2 India Polymethyl Methacrylate Market Imports from Major Countries |
8 India Polymethyl Methacrylate Market Key Performance Indicators |
8.1 RD investment in new polymethyl methacrylate product development |
8.2 Adoption rate of polymethyl methacrylate in emerging applications |
8.3 Number of partnerships and collaborations for market expansion and product innovation |
9 India Polymethyl Methacrylate Market - Opportunity Assessment |
9.1 India Polymethyl Methacrylate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 India Polymethyl Methacrylate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 India Polymethyl Methacrylate Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Polymethyl Methacrylate Market - Competitive Landscape |
10.1 India Polymethyl Methacrylate Market Revenue Share, By Companies, 2024 |
10.2 India Polymethyl Methacrylate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |