[266 Pages Report] The PMMA market size is estimated to be USD 4.2 Billion in 2021 and is projected to reach USD 5.6 Billion by 2026, at a CAGR of 5.7%. Polymethyl Methacrylate (PMMA) is a transparent thermoplastic and impact-resistant substitute for glass. It is highly durable and offers the advantage of chemical and impact resistance. It is lightweight, rigid, and has color versatility. PMMA is used in various applications such as automotive, electronics, construction, signs & displays, sanitary ware, and lighting fixtures. It is available in two grades—optical grade and general-purpose grade. Optical grade PMMA is used to make Light Guide Panels (LGPs), as it provides high brightness and high purity grade, making the screen brighter and cleaner. General-purpose is the most common grade that finds applications in automotive, buildings & construction, signage and display, household, lighting fixtures, and furniture, among others.
PMMA is a versatile, recyclable, sustainable, and durable material, owing to which it is gaining traction across several industrial applications. Due to its superior properties and the changing government policies such as European Green Deals, the global market for PMMA is expected to grow.
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Due to COVID-19 pandemic, the suspension of manufacturing operation, disruption of supply chain, and declining demand for industrial goods had significant impact on the market. However, due to COVID-19 pandemic, the demand for medical and healthcare goods has risen, which, in turn, support for the growth of PMMA market. Also, due to changing lifestyle and transition of the working class the new normal “work from home” the demand for electronic goods has risen. At the same time, due to panic situation, people stock the hygiene products across the globe that drives the market. However, the end-use industries like sign & display, automobile, construction, lighting fixtures and others were affected by the pandemic.
For automotive applications, Polymethyl Methacrylate is utilized in body parts (including lamp covers and Interior and Exterior Trim) and accessories (including windshields and sun visor). It is used in taillights, windshields, windscreens, side windows, instrument panels, headlamps and rear lights, lenses of exterior lights, meter panels, sun visor, car sculpture, tail lamp cover, speedometer cover, and signal lamp. It is also used as interior glazing in buses and trains. PMMA are used in EVs due to their high-performance characteristics compared to traditional polymer, and other materials. The changing regulatory scenario and government policies to support EVs boost the growth of the PMMA market. During the COVID-19 pandemic, the sale of EVs in Europe increased by 137%, mainly driven by incentives offered under green recovery funds. In terms of sales, Europe has outpaced China and is expected to grow substantially in coming years.
There are several alternatives to PMMA available in the market. The availability of these substitutes in the market is anticipated to restraining the market growth to a certain extent. Some of the substitutes available in the market include Polycarbonates (PC), Polyvinyl Chloride Polymers, Structured Multiwall sheet, among others.
PMMA synthesized from petrochemicals results in environmentally corrosive by-products and releases carbon emissions. However, due to the importance of PMMA, alternatives utilizing biomass and biological methods have been identified. The outcome has resulted in the production of enzymes capable of synthesizing PMMA hence, results in biobased PMMA solutions
PMMA is highly utilized for sheeting work as they are readily available and cost friendly. However, they also cause adverse negative environmental impacts. These negative environmental impacts ward of consumers and the awareness regarding negative environmental impacts is anticipated to increase in the coming years. These factors pose a challenge to the PMMA industry.
Extruded sheets are estimated to be the largest form of PMMA. This is due to its advantages, which include clarity, good surface quality, range of colors, easy maintenance, surface hardness, lightweight, and easy fabrication.
Sign & display is estimated to be the largest market for PMMA due to its increasing demand for marketing communications. The range of colors available in PMMA makes it suitable to before used in signs. Similarly, the optical properties of PMMA make it the preferred material for point-of-sale displays. The rising demand for weather-resistant, energy-efficient, and lightweight materials is estimated to fuel the demand for PMMA in sign & display. PMMA is largely used in the manufacture of automotive panels, bumpers, and other molded parts. Furthermore, as PMMA provides clarity and light transmission, it is used in rear and indicator light covers.
APAC is estimated to be the largest market for PMMA and is projected to reach USD 2,903 Million by 2026. The market in the region is primarily driven by the rising demand for durable plastic products from the construction, automotive, and electronics segment segments. The demand for PMMA in the Middle East is expected to increase. It is propelled by the increasing demand for lightweight, durable, and weather-resistant substitute to glass. The rising demand for durable and advanced products in the sign & display, construction, and electronics applications is driving the market for PMMA in the region.
The PMMA market comprises major manufacturers such as Asahi Kasei (Japan), Chi Mei Corp. (Taiwan), Evonik Industries AG (Germany), Mitsubishi Rayon Co., Ltd. (Japan), Saudi Arabia Basic Industries Corporation (Saudi Arabia), and Sumitomo Chemical Co., Ltd. (Japan) are the key players operating in the PMMA s market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the PMMA s market.
Market size available for years
Base year considered
Value (USD Million) and Volume (Million Square Meter)
By Type, Application, and Region
North America, Asia Pacific, Europe, South America, and Middle East & Africa
Asahi Kasei (Japan), Chi Mei Corp. (Taiwan), Evonik Industries AG (Germany), Mitsubishi Rayon Co., Ltd. (Japan), Saudi Arabia Basic Industries Corporation (Saudi Arabia), and Sumitomo Chemical Co., Ltd. (Japan) are the top 5 manufacturers are covered in the PMMA market.
This research report categorizes the PMMA market based on resin type, backing material, a, and region.
What are the major drivers influencing the growth of the PMMA market?
The major drivers influencing the growth of PMMA are increasing demand from the electronics and automobile industry.
What are the major challenges in the PMMA market?
The major challenges in PMMA market are its negative impact on environment.
What are the different applications of specialty PMMA?
PMMA find their applications in various end-use industries such as sign & display, construction, automobile, electronics, lighting & fixtures, and others. The applications of these have been constantly increasing owing to constant innovation.
What is the impact of COVID-19 pandemic on the PMMA market?
Owing to the COVID-19 pandemic, there has been a mixed impact on the PMMA market across the globe. The demand from the electronics industry has increased due to changing working style “work from home”, the demand for mobiles, laptop and other related accessories has increased whereas in construction, lighting fixtures, sign & display and in others the demand for PMMA was declined.
What are the industry trends in PMMA market?
In the recent past, several manufacturers have expanded their production facilities to cater to the rising demand for PMMA and enhance their presence in the target market. Along with this, to alleviate the competitive scenario, these key players are focusing on expanding their regional presence particularly in the Asia Pacific. .
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Table of Contents
1.1. Objectives of the Study
1.2. Market Definition
1.2.1. Research Scope: Inclusion and Exclusion
1.2.2. Market Scope
1.2.3. Region Covered
1.2.4. Years Considered for the Study
1.4. Unit Considered
1.6. Summary of Changes
2 Research Methodology
2.1. Research Data
2.1.1. Secondary Data
126.96.36.199. Critical secondary inputs
188.8.131.52. Key Data From Secondary Sources
2.1.2. Primary Data
184.108.40.206. Critical Primary Input
220.127.116.11. Key Data From Primary Sources
18.104.22.168. Key Industry Insights
22.214.171.124. Breakdown of Primary Interviews
126.96.36.199. List of participated industry experts
2.2. Market Size Estimation
2.2.1. Demand-side: ascertaining the consumption of PMMA in the automotive application
2.2.2 supply-side: from overall consumption of extruded sheets
2.3. Data Triangulation
3 Executive Summary
4 Premium Insights
4.1. Attractive opportunities in the polymethyl methacrylate (PMMA) market, regional analysis
4.2. Polymethyl methacrylate (PMMA) market, developing vs developed nations
4.3. Polymethyl methacrylate (PMMA) market, by application
5 Market Overview
5.2. Market Dynamics
5.3. Porter’s Five Forces Analysis
5.4. Macroeconomic Indicators
5.5. Value Chain Analysis
5.6. Regulatory Landscape
5.7. Ecosystem Market Map
5.8. YC, YCC Shift
5.9. Scenario Analysis of PMMA market
5.10. Pricing Analysis
5.11. Adjacent markets
5.12. Case Study
5.13. Patent Analysis
5.14. Trade Scenario: Key exporting and importing countries
5.15. Technology Analysis
5.16. Forecast Factors and COVID-19 Impact
6 Polymethyl Methacrylate (PMMA) Market, By Grade – Forecast till 2026 (Volume and Value)
6.18. General purpose grade
6.19. Optical grade
7 Polymethyl Methacrylate (PMMA) Market, By Form – Forecast till 2026 (Volume and Value)
7.2. Extruded sheet
7.3. Cast acrylic sheet
8 Polymethyl Methacrylate (PMMA) Market, By Application – Forecast till 2026 (Volume and Value)
8.2. Signs & displays
8.2.1. Development of infrastructure drives the demand for PMMA
8.2.3. Display boards
8.2.4. Point of sale boards
8.3.1. Rise in the global construction output to increase the demand for PMMA
188.8.131.52. Shatterproof Glass
184.108.40.206. Noise Barriers
220.127.116.11. PMMA resin flooring
18.104.22.168. High-end decorative flooring
8.3.4. Paints & Coatings
8.4.1. High usage in automotive industry as an alternative to glass
8.4.2. Body Parts
22.214.171.124. Lamp Covers
126.96.36.199. Interior and Exterior Trim
188.8.131.52. Sun Visor
8.5.1. Changing lifestyle has increased the demand for electronics
8.5.2. Mobile phones, tablets and LCD screens
184.108.40.206. Touch screen
220.127.116.11. Cover panels
18.104.22.168. LCD screens
8.6. Lighting fixtures
8.6.1. Rising demand for lighting in vehicles
8.6.2. Light guide panels
8.6.3. Solar equipment
9 Polymethyl Methacrylate (PMMA) Market, By Region – Forecast till 2026 (Volume and Value)
9.1. Asia Pacific
9.1.4. South Korea
9.1.5. Australia & New Zealand
9.1.7. Rest of Asia-Pacific
9.2. North America
9.2.1. The US
9.3.4. The UK
9.3.6. Rest of Europe
9.4. South America
9.4.3. Rest of South America
9.5. Middle East & Africa
9.5.1. Saudi Arabia
9.5.3. South Africa
9.5.4. Rest of Middle East & Africa
10 Competitive Landscape
10.2. Market Evaluation Framework
10.3. Market Share
10.4. Revenue Analysis of Top Players
10.5. Key Market Development
10.5.3. New Product launches
10.6. Company Evaluation Matrix Definition and Methodology
10.6.1. Product Footprint
10.6.3. Emerging Leader
10.7. Start-ups and Small and Medium-Sized Enterprises (SMES) Evaluation Matrix
10.7.1. Responsive Companies
10.7.2. Dynamic Companies
10.7.3. Starting Blocks
11 Company Profiles
(Business Overview, Financial^ & COVID-19 Impact on Business, Products & Services, Key Strategy, Right To Win)
11.2. ASAHI KASEI CORPORATION
11.3. SAUDI ARABIA BASIC INDUSTRIES CORPORATION (SABIC)
11.4. MITSUBISHI CHEMICAL CORPORATION
11.5. LG CHEM
11.6. KURARAY CO. LTD
11.7. EVONIK INDUSTRIES AG
11.8. KOLON INDUSTRIES, INC.
11.9. SUMITOMO CHEMICAL CO., LTD
11.10. TORAY INDUSTRIES INC.
11.11. LOTTE CHEMICAL CORPORATION
11.12. GEHR KUNSTOFFWERK GMBH & CO. KG
11.13. RTP COMPANY
11.14. UNIGEL S.A.
11.15. MAKEVALE GROUP
11.16. PLASKOLITE LLC
11.17. 3A COMPOSITES HOLDING AG
11.18. RÖHM GMBH
11.19. CHI MEI CORPORATION
11.20. SPARTECH LLC
11.21. PLAZIT POLYGOL GROUP
11.22. COSSA POLIMERI S.R.L
11.23. INEOS GROUP LTD
11.24. SAMYANG CORPORATION
11.25. GO YEN CHEMICAL INDUSTRIAL CO LTD
11.26. CELANESE CORPORATION
11.27. Parker Chomerics
11.28. Trinseo S.A.
11.29. RAIGH REFINING AND PETROCHEMICAL COMPANY
The above list of key players is indicative will be finalized by identifying most relevant and leading companies during the research
^Financials will be available for stock-listed companies only
The study involved four major activities for estimating the current size of the global PMMA market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The COVID-19 pandemic impact on the demand regarding end-use industries, application areas, and countries was comprehended. The next step was to validate these findings, assumptions and sizes with the industry experts across the supply chain of PMMA market through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the PMMA market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect this study's PMMA market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Various primary sources from both the supply and demand sides of the PMMA market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the PMMA market industry. The primary sources from the demand side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:
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Both the top-down and bottom-up approaches were used to estimate and validate the global PMMA market size. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the PMMA market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
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