Global Polymethyl Methacrylate (PMMA) Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Global Polymethyl Methacrylate (PMMA) market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28,
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Global Polymethyl Methacrylate (PMMA) Market Dynamics: 2023-2028
Global Polymethyl Methacrylate (PMMA) Market Key Trend:
Surging Inclination Towards Bio-based PMMA Application in Healthcare Industry – The inclination towards bio-based PMMA has been observed in the healthcare sector in recent years, owing to its biodegradable property as well as recyclable behavior. The usage of this application for manufacturing test tubes & syringes has been a trend over the last few years. Thus, this has further contributed to the demand for in the market. In addition, rigorous research & development is also conducted on PMMA-based bone cement for fixation implants in different orthopedic & trauma surgeries. Thus, rapid R&D in the field of bio-based PMMA is expected to launch new bio-based applications in the healthcare industry in the coming years. .
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Global Polymethyl Methacrylate (PMMA) Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Beads
-Resins
-Extruded Sheets
-Acrylic Sheets
Among them, the Extruded Sheets held a substantial share in the Global Polymethyl Methacrylate (PMMA) market
By End User
-Building & Construction
-Bathroom & Fittings
-Lighting & Fixtures
-Doors, Windows & Railings
-Others (Furnishing & Decors, etc.)
Automotive & Transportation
-Consumer Goods (Electronics)
-Paints & Coatings
-Marine
-Packaging
-Others (Visual Communication Tools, Cosmetics, etc.)
By Region
-North America
-South America
-Europe
-Asia Pacific
-Middle East and Africa.
Of all the regions across the globe, North America held a significant share in the market
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Top Companies Operating in the Global Polymethyl Methacrylate (PMMA) Market:
Trinseo, LG Chem Ltd., Mitsubishi Chemical Holdings Corporation, Sumitomo Chemical Co. Ltd., SABIC, LG MMA Corporation, The Dow Chemical Company, Evonik Performance Materials GmbH, Kurary Group, Chi Mei Corporation, Asahi Kasei Corporation, Makevale Group, Polycasa N.V.), Röhm GmbH, LOTTE Chemical CORPORATION, Others.
Industry Recent Developments
- 2022: Sumitomo Chemicals Co. Ltd. announced the establishment of a new MMA Division to boost its MMA business, which includes MMA (methyl methacrylate) monomer & acrylic resin (PMMA, polymethyl methacrylate). The newly established division would take charge of strategy formulation & global marketing & sales for the business.
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