Methyl Methacrylate Market, By Application (Polymethyl Methacrylate (MMA), Surface Coating, and Others), By End-use Industry (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI569

Pages :208

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Concentration and Competitive Landscape

Methyl Methacrylate Market Concentration By Players

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Use in sign & display industry

The sign and display industry has seen tremendous growth in recent years, especially with the rise of digital signage. Methyl methacrylate (MMA) is a key raw material used in the production of acrylic sheets and panels that see widespread use in signs, displays and digital screens. Given its lightweight yet durable qualities along with high clarity and UV resistance, acrylic sheets made from MMA are the ideal choice for outdoor signage and indoor displays. As more businesses look to outdoor and indoor digital signage for advertising and wayfinding purposes, the demand for MMA is surging.

According to the International Energy Agency, global electricity consumption from digital screens in public and commercial buildings is expected to increase by 50% from 2020 to 2023. This growth in digital signage is a major driver expanding the use of MMA-based acrylic sheets for screen protection, covers and structural components. Industries such as retail, transportation and real estate with a need for high volume outdoor signage as well as indoor digital displays continue to expand installations. As the quality, longevity and reduction in cost of LED screen technology improves, an increasing number of small and medium businesses are also adopting digital signage solutions and driving the utilisation of MMA.

Key Players Insights