The global polymethyl methacrylate (PMMA) market is expected to grow from USD 4.9 billion in 2020 to USD 6.4 billion by 2028, at a CAGR of 3.5% during the forecast period 2021-2028.
PMMA (Polymethyl Methacrylate) is a thermoplastic polymer and a synthetic resin of methyl methacrylate. It is produced from methyl methacrylate by the polymerization process. It is used in skylights, illuminated signs, aircraft canopies and shatterproof windows due to its rigid, clear and lightweight nature. PMMA is used as an alternative for glass due to its strong nature, weather resistance and energy efficiency. PMMA is available in two grades general-purpose and optical grade. The following are the characteristics of PMMA, low smoke emission, high durability and strength, high light transformation, excellent abrasion resistance, weather, thermal and chemical resistance. Because of its characteristics, it is used in the following industries like automotive & transportation, signs & displays, electrical & electronic, construction & buildings and others.
The factors that are driving the polymethyl methacrylate market are increasing demand for face shields, LED flat screens, the market shift towards it as an alternative for glass and polycarbonate and increasing demand for the automotive and transport sector due to its 100% recyclable nature. The factors that are restraining the market are high production costs, lack of raw materials and decreased demand in the automobile industry.
This study delivers a comprehensive analysis of type, application, grade and region. The type market segment includes pellets, beads, and extruded sheets. The extruded sheet segment held the largest market share owing to their excellent thickness tolerances; these sheets are used where complex shapes are required. The application market segment includes signs & displays, lighting fixtures, automotive, construction, sanitary ware, electronics, and others. The automotive segment held the largest market share due to increasing demand in the automotive sector. The grade market segment includes general purpose grade and optical grade. The optical grade held the largest market share.
The market has been divided into South America, North America, Europe, Asia-Pacific, Middle East and Africa. U.S. holds the largest share in North American Region.The polymethyl methacrylate market in the U.S. valued at USD 1.29 billion in the year 2020. With the increase in the demand for applicable industries and numerous upcoming projects, the Middle East and Africa are expected to grow significantly in this market. Asia-Pacific dominated the market with rising demand for flat led screens, robust development in optoelectronics and a rise in per-capita income within the countries.
Some of the notable players in the market are Asahi Kasei Corporation, Arkema Group, Evonik Industries AG, Chi Mei Corporation, Kolon Industries, Inc., GEHR Plastics, Inc., Mitsubishi Rayon Co., Ltd., Sumitomo Chemical Co., Ltd., Polycasa N.V, Saudi Arabia Basic Industries Corporation, Quinn Plastic, and LG MMA Corporation. Saudi Arabia Basic Industries Corporation and Mitsubishi Rayon signed a joint venture agreement to build PMMA and MMA plants in Saudi Arabia.
Polymethyl Methacrylate Market Analysis and Forecast, Type
Polymethyl Methacrylate Market Analysis and Forecast, Application
Polymethyl Methacrylate Market Analysis and Forecast, Grade
Polymethyl Methacrylate Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Grade
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Awareness about the advantages and capabilities of PMMA
5.2.2. Substitute for glass
5.3. Restrains
5.3.1. Fluctuation in the price of raw materials
5.3.2. Increased production costs
5.4. Opportunities
5.4.1. Demand for electronic and automotive in emerging countries
6. Global Polymethyl Methacrylate Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Pellets
6.3. Beads
6.4. Extruded Sheets
7. Global Polymethyl MethacrylateMarket Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Signs & Displays
7.3. Lighting Fixtures
7.4. Automotive
7.5. Construction
7.6. Sanitary Ware
7.7. Electronics
7.8. Others
8. Global Polymethyl Methacrylate MarketAnalysis and Forecast, By Grade
8.1. Segment Overview
8.2. General Purpose
8.3. Optical
9. Global Polymethyl Methacrylate MarketAnalysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Polymethyl Methacrylate Market Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Polymethyl Methacrylate Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Asahi Kasei Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Arkema Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Evonik Industries AG
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Chi Mei Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Kolon Industries, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. GEHR Plastics, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Mitsubishi Rayon Co., Ltd.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Sumitomo Chemical Co., Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Polycasa N.V
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Saudi Arabia Basic Industries Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Quinn Plastic
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. LG MMA Corporation
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Polymethyl Methacrylate Market, By Type, 2021-2028 (USD Billion)
2. Global Pallet, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
3. Global Beads, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
4. Global Extruded Sheets, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
5. Global Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
6. Global Signs & Displays, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
7. Global Lighting Fixtures, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
8. Global Automotive, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
9. Global Construction, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
10. Global Sanitary Wave, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
11. Global Electronics, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
12. Global Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
13. Global General Purpose, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
14. Global Optical, Polymethyl Methacrylate Market, By Region, 2021-2028(USD Billion)
15. North America Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
16. North America Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
17. North America Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
18. U.S. Polymethyl Methacrylate Market, ByType, 2021-2028(USD Billion)
19. U.S. Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
20. U.S. Polymethyl Methacrylate Market, ByGrade, 2021-2028(USD Billion)
21. Canada Polymethyl Methacrylate Market, ByType, 2021-2028(USD Billion)
22. Canada Polymethyl Methacrylate Market, ByApplication, 2021-2028(USD Billion)
23. Canada Polymethyl Methacrylate Market, ByGrade, 2021-2028(USD Billion)
24. Mexico Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
25. Mexico Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
26. Mexico Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
27. Europe Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
28. Europe Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
29. Europe Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
30. Germany Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
31. Germany Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
32. Germany Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
33. France Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
34. France Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
35. France Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
36. U.K. Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
37. U.K. Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
38. U.K. Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
39. Italy Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
40. Italy Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
41. Italy Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
42. Spain Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
43. Spain Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
44. Spain Polymethyl Methacrylate Market, By Vertical, 2021-2028(USD Billion)
45. Asia Pacific Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
46. Asia Pacific Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
47. Asia Pacific Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
48. Japan Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
49. Japan Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
50. Japan Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
51. China Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
52. China Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
53. China Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
54. India Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
55. India Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
56. India Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
57. South America Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
58. South America Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
59. South America Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
60. Brazil Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
61. Brazil Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
62. Brazil Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
63. Middle East and Africa Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
64. Middle East and Africa Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
65. Middle East and Africa Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
66. UAE Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
67. UAE Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
68. UAE Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
69. South Africa Polymethyl Methacrylate Market, By Type, 2021-2028(USD Billion)
70. South Africa Polymethyl Methacrylate Market, By Application, 2021-2028(USD Billion)
71. South Africa Polymethyl Methacrylate Market, By Grade, 2021-2028(USD Billion)
List of Figures
1. Global Polymethyl Methacrylate MarketSegmentation
2. Global Polymethyl Methacrylate Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Polymethyl Methacrylate MarketAttractiveness Analysis By Type
9. Global Polymethyl Methacrylate MarketAttractiveness Analysis ByApplication
10. Global Polymethyl Methacrylate MarketAttractiveness Analysis ByGrade
11. Global Polymethyl Methacrylate MarketAttractiveness Analysis By Region
12. Global Polymethyl Methacrylate Market: Dynamics
13. Global Polymethyl Methacrylate MarketShare by Type(2021 & 2028)
14. Global Polymethyl Methacrylate MarketShare by Application(2021 & 2028)
15. Global Polymethyl Methacrylate MarketShare by Grade(2021 & 2028)
16. Global Polymethyl Methacrylate MarketShare by Regions (2021 & 2028)
17. Global Polymethyl Methacrylate MarketShare by Company (2020)
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