The Business Research Company’s report on the Polymethyl Methacrylate Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the polymethyl methacrylate market further?
The increasing demand for polymethyl methacrylate (PMMA) in the electronic and automobile industries is contributing to the growth of the polymethyl methacrylate market. PMMA could be synthesized by polymerizing methyl methacrylate monomer. It is scratch-resistant and transparent, so it is used as a replacement for glass in some applications in the industry. PMMA is a lightweight material having a density of half that of glass and is transparent, so that it is being used in car windows, motorcycle windshields, interior, and exterior panels. It is also being used in LCD/LED TV screens, laptops, smartphone displays, and electronic equipment displays. Due to its features, the automobile and electronics have increasingly used PMMA. For instance, in February 2022, according to the Deloitte Touche Tohmatsu Limited, a UK-based professional services network In 2022, smartphones, computers, and TV sets are forecasted to experience growth rates of 3–4%. However, smartphone average selling prices are predicted to decrease by more than 15%, likely causing a decline in overall dollar value. Therefore, increasing demand from the electronics and automobile industries is contributing to the growth of the polymethyl methacrylate market.
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What are the key factors influencing the forecasted market size of the polymethyl methacrylate industry?
The polymethyl methacrylate market size has grown rapidly in recent years. It will grow from $6.15 billion in 2024 to $6.78 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to growth in the construction and architectural industries, demand for transparent and lightweight materials, expansion of automotive and transportation applications, development of uv-resistant and weatherable resins, regulatory standards for material safety.
The polymethyl methacrylate market size is expected to see strong growth in the next few years. It will grow to $9.59 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to sustainable and eco-friendly acrylic resin formulations, customized acrylic solutions for specific applications, growth in electric vehicle and ev battery applications, expansion in led and optical devices, increased use in medical implants and prosthetics. Major trends in the forecast period include bio-based and biodegradable acrylic resins, regulatory compliance in acrylic material safety, nanocomposite and high-impact acrylic materials, smart and self-cleaning acrylic surfaces, collaboration between acrylic and material science.
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Who are the leading competitors in the polymethyl methacrylate market?
Major companies operating in the polymethyl methacrylate market include Arkema SA, Mitsubishi Rayon Co. Ltd., Sumitomo Chemical Co. Ltd., CHI MEI Corporation, Evonik Industries AG, Kolon Industries Inc., Polycasa N.V., Saudi Arabia Basic Industries Corporation, Asahi Kasei Corporation, Gehr Plastics Inc., Kuraray Group, Dow Inc., LG Chem Ltd., Makevale Group, Röhm GmbH, Trinseo S.A., Toray Industries Inc., Plaskolite LLC, Altuglas International, Spartech LLC, Perspex International, Shanghai Jingqi Polymer Science Co. Ltd., Jumei Chemical Co. Ltd., Zhejiang Unipolymer Material Co. Ltd., Guangzhou Jufeng Plastics Co. Ltd., Suzhou Omay Optical Materials Co. Ltd., Jiangsu Juhua Polymer Co. Ltd., Shandong Dongyue Polymer Material Co. Ltd., Shandong Allplace Environmental Protection Technology Co. Ltd.
Which emerging trends are set to transform the polymethyl methacrylate market landscape?
Major companies operating in the polymethyl methacrylate market are focusing on developing innovative products, such as phosphate methacrylate, to enhance durability and improve fire resistance in various applications. Phosphate methacrylate is a compound that combines phosphate groups with methacrylate, commonly used in dental and industrial applications. It enhances adhesion and durability in dental cements and adhesives. For instance, in January 2024, Evonik Industries, a Germany-based chemical company, launched VISIOMER® HEMA-P 100 to enhance adhesion and improve the performance of coatings and adhesives. Offers a high-performance phosphate methacrylate monomer that provides transparent flame retardancy and enhances adhesion for polar substrates while improving corrosion resistance. Its non-migratory properties ensure long-lasting effects, making it suitable for various coatings and adhesive applications.
How do different geographies compare in terms of market share and growth potential in the polymethyl methacrylate market?
Asia-Pacific was the largest region in the polymethyl methacrylate market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the polymethyl methacrylate market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Polymethyl Methacrylate Market Report 2025,Size and Segments
Which major segments of the polymethyl methacrylate market are experiencing the fastest growth?
The polymethyl methacrylate market covered in this report is segmented –
1) By Form: Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads
2) By Grade: General Purpose Grade, Optical Grade
3) By End User Industries: Buildings and Construction, Electrical and Electronics, Automotive and Transportation, Signs and Displays, Other End User Industries
Subsegments:
1) By Extruded Sheet: Standard Extruded Sheets, Textured Extruded Sheets, Colored Extruded Sheets
2) By Cast Acrylic Sheet: Standard Cast Acrylic Sheets, Optical Quality Cast Acrylic Sheets, Colored Cast Acrylic Sheets
3) By Pellets: General Purpose PMMA Pellets, Specialty PMMA Pellets
4) By Beads: PMMA Beads for Decorative Applications, PMMA Microbeads For Cosmetic Applications
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Polymethyl Methacrylate Market Report 2025,Size and Segments
How is the polymethyl methacrylate market defined?
The polymethyl methacrylate is used as a substitute for glass in products such as illuminated signs, skylights, shatterproof windows, and aircraft canopies. Polymethyl methacrylate is a synthetic polymer that is hardened at room temperature and has low strength and low toxicity. PMMA is used in various industries, such as automotive, electronics, construction, signs and displays, and sanitary ware.
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