The PMMA market is projected to grow from USD 4.8 Billion in 2022 to USD 6.3 Billion by 2027, at a CAGR of 5.4% during the forecast period. PMMA market is driven by the rising demand from end-use industries, especially automotive, construction, signs & displays, and electronics. Market growth is expected to be restrained due to the availability of substitutes. Expected recovery of the automotive sector from the COVID-19 pandemic and rising penetration of EVs are expected to offer business opportunities in the forecasted period.
Browse 491 market data Tables
and 56 Figures spread through 324 Pages and in-depth TOC on "Polymethyl Methacrylate
(PMMA) Market by Grade (General Purpose, Optical), Form(Extruded Sheet, Cast
Acrylic Sheet, Pellets, Beads),End-Use Industry(Signs & Displays,
Construction, Automotive, Lighting Fixtures, Electronics, Marine, Healthcare)
& Region - Global Forecast to 2027 "
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By Form, Extruded Sheet
account for the largest share of the PMMA market
Extruded sheets are
produced through a continuous process in which the resin is conveyed in a
horizontal chamber comprising rotating screws. The extruded sheets obtained
through this process offer superior thickness tolerance, thus making them
suitable for applications which require intricate shapes. The sheets are softer
than cast acrylic but contain impurities. The extruded sheets offer the
advantage of clarity, glossy surface, and weather resistance
By End-use Industry,
Construction account for the largest share of the PMMA market
PMMA is utilized in
different forms in the building and construction segment. It is used in window
frames, furniture, tableware, soundproof walls, greenhouse windows, pool
covers, and roofs. PMMA-made products are utilized in architectural and urban
development projects (noise barriers and street furniture), contemporary design
(shop fittings and furniture), and interior design applications. It is used in
waterproofing applications and to make windows, as it provides rigid,
lightweight glazing which resists UV degradation. The construction industry in
the Asia Pacific region has been witnessing high growth due to an increase in
large infrastructure projects; China has also received massive state
investments during the past year. These factors are expected to contribute
towards the growth of the construction industry, favoring the use of PMMA in
various applications.
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By region, Asia Pacific
accounted for the largest share in the global PMMA market
Asia Pacific accounted for
the largest share of the PMMA market in 2021, followed by North America and
Europe. The China is one of the leading producers and consumers of PMMA,
globally. Asia Pacific dominates the PMMA market as most of the producers of
PMMA are based in the Asia Pacific. New construction projects, greenhouse
applications, steady growth in automotive, are driving the PMMA market in the
region.
The leading players in the
PMMA market are Röhm GmbH (Germany), ChiMei Corporation (Taiwan), Mitsubishi
Chemical Holdings Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan),
SABIC (Saudi Arabia), LG Chem Ltd. (South Korea), Trinseo S.A. (US), Kuraray
Co., Ltd (Japan), Kolon Industries Inc. (South Korea), Toray Industries, Inc.
(Japan), Lotte Chemical Corporation (South Korea), Plaskolite LLC (US), and
others.
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