To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Polymethyl Methacrylate (PMMA) Market

Polymethyl Methacrylate (PMMA) Market Size Analysis, By Form (Extruded Sheets, Cast Acrylic Sheets, Pellets, Beads), By Grade (General Purpose Grade, Optical Grade), By End-use Industry (Construction, Automotive, Marine, Healthcare, Agriculture, Others) - Global Market Insights 2022-2032

Polymethyl Methacrylate (PMMA) Market Outlook (2022-2032)

Presently, the global polymethyl methacrylate (PMMA) market stands at US$ 4.9 billion and is projected to surpass a valuation of US$ 8.5 billion by the end of 2032, with worldwide demand for PMMA forecasted to increase steadily at a CAGR of 5.9% over the next ten years.

Polymethyl methacrylate is a clear plastic that is mostly used as a substitute for glass owing to its superior characteristics such as better durability, affordable production, scratch resistance, UV light protection, and simple manufacturing as compared to glass.

PMMA is widely used for making signs & displays as it acts as a clear glass but is cheaper and more durable, which reduces the overall product cost and improves its durability without compromising functionality.

Extensive use of polymethyl methacrylate in the automotive industry, growing adoption in construction applications, rapid urbanization & industrialization, high demand for consumer electronics, growing demand for recyclable transparent plastics, and growing demand for electric vehicles are some of the prominent factors that are anticipated to propel market growth over the coming years.

Growing use of polymethyl methacrylate (PMMA) fillers and polymethyl methacrylate (PMMA) bone cement in the healthcare industry is also anticipated to open up new revenue generation opportunities for polymethyl methacrylate suppliers.

On the contrary, the availability of several alternatives to PMMA, its detrimental impact on the environment, and difficulties in the recycling of acrylic materials are some dynamics that are anticipated to have a constraining effect on the overall PMMA demand in the future.

The development of bio-composite and eco-friendly polymethyl methacrylate is anticipated to provide highly rewarding opportunities in the polymethyl methacrylate market over the next ten years.

The most lucrative polymethyl methacrylate (PMMA) regional market is expected to be Asia Pacific owing to robust industrial and manufacturing activities in this region. Other prospects such as supportive government initiatives, rising automotive production, and the presence of key companies in the PMMA market in this region are also expected to drive market potential throughout the forecast period.

China, Japan, Korea, and India are estimated to be the most lucrative markets in this region. Shipments of polymethyl methacrylate in China are projected to rise at a 7.5% CAGR over the next ten years to account for an approximate sales revenue of US$ 2 billion by the end of 2032.

A more comprehensive and detailed account of all the factors governing global market growth has been listed in this brand-new polymethyl methacrylate research study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes

Details

Polymethyl Methacrylate Market Size (2022)

US$ 4.9 Billion

Projected Market Value (2032F)

US$ 8.7 Billion

Global Market Growth Rate (2022-2032)

5.9% CAGR

Asia Pacific Market Revenue Share (2021)

37%

Canada Market Growth Rate (2022-2032)

4.8% CAGR

United States Market Value (2022)

US$ 700 Million

Extruded Sheets CAGR (2022-2032)

6.2%

Key Companies Profiled

  • Arkema SA
  • Mitsubishi Chemical Holdings Corporation
  • Röhm GmbH
  • LG Chem Ltd.
  • Evonik Industries
  • The Dow Chemical Company
  • Kuraray Co. Ltd.
  • Lotte Chemical Corporation
  • Toray Industries Inc.
  • Trinseo S.A.
  • Kolon Industries Inc.
  • Asahi Kasei Corporation
  • CHI MEI Corporation

Don't Need a Global Report?

Save 40% on Country & Region specific reports

How are Start-ups Writing a New Future for the PMMA Industry?

“Aspiring Polymethyl Methacrylate Companies Creating Innovative Products & Solutions”

New entrants in the market are offering novel products and solutions that set them apart from other market players in the global landscape in hopes of acquiring a substantial market share. Some new companies are also taking steps to expand their business potential by increasing production capacity.

  • Röhm, a chemicals company headquartered in Germany, founded in 2019 has announced plans to expand its PMMA production capacity in Germany. The branded polymethyl methacrylate, PLEXIGLAS from Röhm is impact-resistant and comes with excellent UV and weather resistance properties as well.

Research and development activity across the world has increased substantially in recent years and this has also resulted in new findings for many chemicals and materials. These new research studies and findings could help start-ups to create innovative products and solutions that could help them establish themselves in the global marketplace.

  • In August 2022, some researchers at Michigan State University, United States found a way to turn wind turbine blades that turn up in landfills into gummy bears. The scientists created a new resin for manufacturing turbine blades, which had many different uses. When dissolved in an alkaline solution, the new resin released PMMA, which was then utilized to create potassium lactate that is further purified and used in food products.

Such innovations could pave the future demand for polymethyl methacrylate in a way that cannot be imagined and this is expected to provide a highly opportunistic setting for upcoming polymethyl methacrylate manufacturers.

Polymethyl methacrylate pmma market forecast by Fact.MR

Polymethyl Methacrylate (PMMA) Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Country-wise Insights

Which is the Most Prominent PMMA Market in North America?

“United States Most Lucrative Market in North American Region”

Demand for polymethyl methacrylate in the United States is expected to mostly come from the optical and plastic manufacturing industries and this trend is expected to be rife over the next ten years as well. Other prospects such as increasing automotive production, growing use of PMMA composites in construction applications, high investments in research and development of new materials, and growing demand for eco-friendly materials are also expected to shape the market growth trajectory in the U.S.

At present, sales of polymethyl methacrylate in the United States account for a valuation of US$ 700 million.

What’s Driving Demand for Polymethyl Methacrylate in Japan?

“Presence of Key Chemical Companies & Robust Electronics Manufacturing Sector”

Japan is known to be one of the most technologically advanced countries in the world since it has been home to some of the most prominent names in the electronics and technology industries.

Increasing use of PMMA in electronics manufacturing and the presence of key chemical companies that manufacture polymethyl methacrylate such as Sumitomo Chemical Inc., Kuraray Co. Ltd., etc., are expected to drive polymethyl methacrylate shipments in Japan over the coming years. Sales of polymethyl methacrylate in Japan are anticipated to increase at a 3.9% CAGR from 2022 to 2032.

What Bankable Opportunities Does South Korea Have to Offer?

“Flourishing Automotive Manufacturing & Chemical Manufacturing Industries”

The presence of key players in the PMMA market in Korea such as LG Chem Ltd., Lotte Chemical Corporation, Kolon Industries Inc., etc., is expected to provide highly attractive remunerative opportunities for market growth over the coming years.

Moreover, increasing demand for polymethyl methacrylate from the flourishing automotive manufacturing in the country and the presence of key automotive companies such as Kia, Hyundai, etc., are also expected to boost market growth in the future.

Why is Germany the Prime Target of PMMA Suppliers in Europe?

“Demand for Eco-friendly Materials & Presence of Key Automotive Manufacturers”

German automotive manufacturers are known all across the world and Germany is one of the most important automotive markets in the world, which makes it a highly attractive market for polymethyl methacrylate owing to its characteristic properties which are in alignment with the requirements of automotive companies. Increasing demand for lightweight and durable automotive components is expected to drive market potential in Germany over the coming years.

Stringent mandates to use eco-friendly and recyclable materials in product manufacturing in Europe are also expected to promulgate polymethyl methacrylate shipments in Germany and other European countries. Sales of polymethyl methacrylate in Germany are predicted to rise at 4.2% CAGR over the next ten years.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

Which Form of PMMA is Highly Preferred Over Others?

“High Demand for Extruded Sheets Driving Revenue Generation”

Based on application, the market for polymethyl methacrylate is segmented into extruded sheets, beads, pellets, cast acrylic sheets, and others.

Demand for extruded sheets accounts for a dominant market share of over 50% in 2022 and the demand is expected to maintain a similar demand outlook over the coming years as well. The excellent properties of PMMA extruded sheets such as lustrous finish, excellent weather resistance, and better optical purity make them a preferred choice for many industries and are expected to drive their demand going forward.

Moreover, increasing demand for such sheets across several industry verticals is expected to further bolster their market share through 2032. Extruded sheet sales are projected to account for a revenue valuation of US$ 3.7 billion by 2032-end.

Competitive Landscape

Prime polymethyl methacrylate manufacturers and suppliers are expected to adopt strategies that would help them increase their market share and drive revenue generation capacity. Companies are also expected to eye mergers and acquisitions to strengthen their stance and gain a competitive advantage over other market players.

  • In May 2021, Trinseo, a global materials manufacturer announced the completion of the acquisition of Arkema’s polymethyl methacrylate (PMMA) business. This acquisition bolstered Trinseo’s product portfolio and strengthened its stance in the global marketplace. Trinseo’s PMMA product portfolio strengthened its stance in the global marketplace.

Key Segments of PMMA Industry Research

  • By Form :

    • Extruded Sheets
    • Cast Acrylic Sheets
    • Pellets
    • Beads
    • Others
  • By Grade :

    • General Purpose Grade
    • Optical Grade
  • By End-use Industry :

    • Signs & Displays
    • Construction
    • Automotive
    • Lighting Fixtures
    • Electronics
    • Marine
    • Healthcare
    • Agriculture
    • Consumer Goods
    • Other Industries
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- Premium Report Details -

Polymethyl Methacrylate (PMMA) Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

Worldwide sales of polymethyl methacrylate in 2022 are valued at US$ 4.9 billion.

By 2032, demand for PMMA is estimated to account for a US$ 8.7 billion value.

Demand for PMMA is estimated to progress at a 5.9% CAGR from 2022 to 2032.

Asia Pacific is anticipated to be the largest polymethyl methacrylate (PMMA) regional market.

Growing demand from the electronics and automotive industries is a prime driver for market growth.

Mitsubishi Chemical Holdings Corporation, Röhm GmbH, LG Chem Ltd., Evonik Industries, The Dow Chemical Company, Kuraray Co. Ltd., Lotte Chemical Corporation, Toray Industries Inc., Trinseo S.A., and Kolon Industries Inc. are key manufacturers of PMMA.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate