The global market for Polymethyl Methacrylate (PMMA) is estimated at US$4.9 Billion in 2023 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 7.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the PMMA market is driven by several factors. One significant driver is the increasing demand for lightweight and durable materials in the automotive and aerospace industries, where PMMA helps improve fuel efficiency and performance. The rising popularity of LED lighting and flat-panel displays has bolstered the need for high-quality optical plastics, propelling PMMA consumption in the electronics sector. In the construction industry, the trend towards modern, aesthetically pleasing buildings with large transparent surfaces has spurred the use of PMMA for windows, facades, and decorative elements. The healthcare sector’s continuous advancements and the aging global population have increased the requirement for medical devices and implants made from PMMA. Moreover, the shift towards renewable energy sources, particularly solar power, has heightened the demand for PMMA in solar panel applications. In the coming years, demand for bio-based PMMA is expected to grow due to their steady supply of raw material and eco-friendly features. The product offers low carbon footprint as well as possesses improved chemical resistance and impact strength. Growing environmental awareness and regulatory pressures are encouraging the development and adoption of sustainable PMMA alternatives, further driving market growth.
The growth in the PMMA market is driven by several factors. One significant driver is the increasing demand for lightweight and durable materials in the automotive and aerospace industries, where PMMA helps improve fuel efficiency and performance. The rising popularity of LED lighting and flat-panel displays has bolstered the need for high-quality optical plastics, propelling PMMA consumption in the electronics sector. In the construction industry, the trend towards modern, aesthetically pleasing buildings with large transparent surfaces has spurred the use of PMMA for windows, facades, and decorative elements. The healthcare sector’s continuous advancements and the aging global population have increased the requirement for medical devices and implants made from PMMA. Moreover, the shift towards renewable energy sources, particularly solar power, has heightened the demand for PMMA in solar panel applications. In the coming years, demand for bio-based PMMA is expected to grow due to their steady supply of raw material and eco-friendly features. The product offers low carbon footprint as well as possesses improved chemical resistance and impact strength. Growing environmental awareness and regulatory pressures are encouraging the development and adoption of sustainable PMMA alternatives, further driving market growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Signs & Displays Application segment, which is expected to reach US$2.7 Billion by 2030 with a CAGR of a 7.9%. The Construction Application segment is also set to grow at 5.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $694.2 Million in 2023, and China, forecasted to grow at an impressive 8.7% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Polymethyl Methacrylate (PMMA) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Polymethyl Methacrylate (PMMA) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Polymethyl Methacrylate (PMMA) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Sumitomo Chemical Co., Ltd., MilliporeSigma, RTP Company, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 32 Featured):
- Sumitomo Chemical Co., Ltd.
- MilliporeSigma
- RTP Company
- Kuraray Co., Ltd.
- Sumitomo Corporation
- Kowa Co., Ltd.
- Chi Mei Corporation
- Lucite International UK Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Altuglas International
- Kowa American Corporation
- Plaskolite, Inc.
- Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
- 3A Composites GmbH
- GEHR GmbH
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sumitomo Chemical Co., Ltd.
- MilliporeSigma
- RTP Company
- Kuraray Co., Ltd.
- Sumitomo Corporation
- Kowa Co., Ltd.
- Chi Mei Corporation
- Lucite International UK Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Altuglas International
- Kowa American Corporation
- Plaskolite, Inc.
- Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
- 3A Composites GmbH
- GEHR GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 345 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.9 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
