PMMA Microspheres Market is projected to reach USD 410 million by 2026

August 5, 2022

/EIN News/ -- Chicago, Aug. 05, 2022 (GLOBE NEWSWIRE) -- The PMMA Microspheres Market size is projected to reach USD 410 million by 2026 from USD 296 million in 2021, at a CAGR of 6.7%, according to a new report by MarketsandMarkets™. Growing demand for flat panel displays and demand for plastic underbody coatings and premium architectural coatings is expected to support the growth of the PMMA microsphere market. However, relatively higher cost and regulatory restraints on rinse-off products is restraining the growth of the market. On the other hand, increasing demand for paints and coatings has created opportunities for manufacturers.

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Sekisui Kasei Co. Ltd (Japan), Dynea AS (Norway), HEYO Enterprises Co. Ltd (Taiwan), Imperial Microspheres (US), Cospheric LLC (US), Microchem (Switzerland), Lab261 (US), Nippon Shokubai Co. Ltd (Japan), Kobo Products Inc. (US), and Kuraray Co. Ltd (Japan), Microbeads AS (Norway), Trinseo (US), among others are the major players in this market.

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In January 2022, Nippon Shokubai Co., Ltd. and a research group jointly developed a coating material which is expected to add antibacterial and antiviral effects to the surfaces of various materials.

In December 2020, the company acquired Arkema’s polymethyl methacrylates (PMMA) business which is expected to help it scale up its engineered materials segment.

In March 2019, Advent international acquired Evonik Industries AG’s methacrylates business. With 3,900 employees across 18 production sites the business generates large revenue annually.

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