Global Polymethyl Methacrylate (PMMA) accounted for a market revenue of USD 6 billion in the year 2019 and is projected to further grow at a CAGR of more than 6% over the forecast period. The Methacrylate Polymethyl is a synthetic resin produced by the Methyl Methacrylate polymerisation.
The Polymethyl Methacrylate Market is expected to reach USD 8.6 billion during the forecast period at a 5.75% CAGR.
This is a kind of clear, rigid and translucent plastic widely used to replace shatterproof glass. This material has demonstrated its cost-effectiveness in polycarbonates, where tensile strength, durability, polishing and UV resistance are more critical than impact strength and chemical heat and resistance. It contains no harmful bisphenol A and is the favoured material over poly-carbonate. The moderate properties, the ease of handling & shipping, as well as the low costs of this resin are preferred over others too.
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This material is durable, strong and light in weight. It's stronger than both polystyrene and glass. In contrast with other plastics, PMMA has superior environmental resilience. Strong chemical and thermal resistance. Emits low smoke. Furthermore, Great resistance to abrasion and strong resistance and stamina.
Polymethyl Methacrylate Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 8.6 billion |
| Growth Rate | CAGR of 5.75 % during 2022-2030 |
| Segment Covered | By Form, By Grade, By End-use Industry, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Broadcom, Espressif Systems (Shanghai) Co., Ltd, Holtek Semiconductor Inc., Infineon Technologies, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, Silicon Laboratories, STMicroelectronics, Texas Instruments Incorporated, Renesas Electronics Corporation |
Key Segment Of The Polymethyl Methacrylate Market
By Form, 2022-2030 (USD Million)
o Extruded sheet
o Cast acrylic sheet
• Cell Cast
• Solid Surface
• Continuous
• Composite
o Pellets
o Beads
o Others
By Grade, 2022-2030 (USD Million)
• General purpose grade
• Optical grade
By End-use Industry, 2022-2030 (USD Million)
• Signs & displays
• Construction
• Automotive
• Lighting Fixtures
• Electronics
• Marine
• Healthcare
• Agriculture
• Consumer Goods
• Others
Regional Overview, 2022-2030 (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the polymethyl methacrylate pmma market is growing at a CAGR of 5.75% during the forecast period.
The major contenders in the global polymethyl methacrylate pmma market Broadcom, Espressif Systems (Shanghai) Co., Ltd, Holtek Semiconductor Inc., Infineon Technologies, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, Silicon Laboratories, STMicroelectronics, Texas Instruments Incorporated, Renesas Electronics Corporation.
Factors driving the global demand of PMMA includes Growing use of vehicles, electronics and construction industries. The advancement of technology in various industries to extend the applications of this material also boosts the market. Increasing demand for sustainable polymers raises the demand continuously with production of bio-based PMMA products. Promoting government laws and regulations on the production of bio-basic materials. This plastic material is now commonly used for light signs for ads & instructions. Signs, display and even endoscopy applications use fiber optics made of this material in particular in the telecommunications sectors.
Type Segment
On the basis of Type segment, the market is categorized into extruded sheets, pellets, acrylic beads and others. Extruded sheets dominated the global market in terms of type and is projected to show similar trend over the forecast period. These sheets are ideally suited for application where complex shapes are required for excellent thickness tolerance. Furthermore, extruded sheets are often cost effective because they are produced using economic techniques.
Application Segment
On the Applications, the market is bifurcated into automotive, construction, electronics, signs & displays. The product is widely used in internally lighted signs for advertising and directions since it fosters excellent transmission of visible light. The automotive and transport industries continue to drive demand on the market. The demand for lightweight cars is increasing, especially for North American and Western Europe, with improved efficiency and lower emissions. Construction also plays an important role in rising global demand on the market
In terms of region the global Polymethyl Methacrylate market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. The most demand growth for the projected period is anticipated in Asia-Pacific regions because of increased disposable income (specifically in China & India), which drives automotive sales.
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In recent years, its area has also experienced growth due to investment by MNCs and growing industries. Asian-pacific regions are followed by the Middle East & African countries because of upcoming projects. There is a consolidation of industrial players and manufacturers in this, region in recent years. Key players include Mitsubishi Rayon Group, Evonik Industries AG, Kuraray Group, Arkema SA, Sumitomo Chemical Company, Chi Mei Corporation, DowDupont, Asahi Kasei Corporation, SABIC