Global Poly Methyl Methacrylate (PMMA) Market Outlook to 2026

Poly Methyl Methacrylate, acrylic, PMMA, or acrylic glass is a synthetic resin and a transparent and rigid thermoplastic material with high resistance to UV light and weathering, excellent light transmission, and good mechanical properties. According to BlueQuark Research & Consulting, the global Poly Methyl Methacrylate market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing demand for lightweight materials in the construction industry are expected to drive the global Poly Methyl Methacrylate market. Further, the use of Poly Methyl Methacrylate in the automobile sector as a lightweight and cost-effective alternative to glass and metal is projected to drive the global Poly Methyl Methacrylate market. Furthermore, the increased use of Poly Methyl Methacrylate in the electrical and the electronics industry to make components like electronic equipment display and infra-red transmitter/receiver windows are expected to drive the global market. Apart from this, Poly Methyl Methacrylate in signboards and LED lights are projected to drive the Global Poly Methyl Methacrylate PMMA market. However, stringent government regulations, high raw material prices, and deficiency in raw materials are expected to hinder market growth.

Poly Methyl Methacrylate is used to manufacture components like door profiles, canopies, panels, car windows, motorcycle windshields, LCD/LED TV screens, laptops, etc., and are also used in end-use industries like construction, automobile, and electronics.

The Buildings and Construction industry is the prime consumer of Poly Methyl Methacrylate and is projected to drive the global PMMA market. Increasing population and rapid urbanization are some factors behind the increased construction activities, especially in the Asia Pacific region. Further, ACS, Actividades de Construcción y Servicios, S.A., one of the biggest construction companies in the world, posted a 3.8% increase in profit for the first quarter of 2021. Owing to its unique properties like transparency and gloss finish, optical properties, rigidity, and dimensional stability, hardness and resistance to scratching, resistance to sunrays, Polymethyl Methacrylate has found use in critical components like door and window profiles, greenhouses, door canopies, sound barriers, facades, aquaria, and structural panels, thus making its use essential for the growth of the building and construction industry. With the rising demand in construction activities is growing worldwide, with a focus on using sustainable, lightweight, and cost-effective materials, Polymethyl Methacrylate is expected to grow and drive the global market in the future.

Some of the market's key players are DuPont de Nemours , Celanese Corporation , Korea Engineering Plastics , Ensinger Plastics , Mitsubishi Chemical, among others.

The Asia Pacific region is expected to be the leader in Poly Methyl Methacrylate production, with most of the consumption in the region. China is the vastest base for automobile production globally and, according to the China Association of Automobile Manufacturers, vehicle sales would touch 27 million in 2021, a 6.7 percent year-on-year increase. Further, Toyota Kirloskar Motor sold 15001 units in India in March 2021 and saw a 114% month-on-month growth. Therefore, with thousands of automobiles manufactured daily, China not only satisfies its domestic need but also caters to the international need for vehicles. Further, China, Japan, and South Korea are some of the largest electronics and other consumer goods manufacturers like smartphones, LCD/LED TV, and Polybutylene Terephthalate as essential components, thus making the region necessary for the market. Further, due to its transparent and glass-like texture, structural strength, it is used in the construction and building industries, one of the fastest-growing in the region due to rising urbanization and population. Furthermore, the use of Poly (Methyl Methacrylate) in the medical industry to make dental, surgical equipment, and protective shields are expected to drive the regional market. Factors like these have made the Asia Pacific an essential scope for the global Poly Methyl Methacrylate PMMA market.

In May 2021, Trinseo acquired Arkema S.A.'s PMMA plant, and the transaction is expected to generate USD 50 million of annual synergy.

In October 2020, Lucite International collaborated with Mitsubishi Chemical Corporation and Agilyx Corporation to develop circular solutions for PMMA.

In March 2019, Evonik Industries AG's methacrylate business was acquired by Advent International for EUR 3 billion to strengthen its Poly Methyl Methacrylate product portfolio.

Global Polymethyl Methacrylate market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Poly (Methyl Methacrylate) market by segmenting based on the Grade (Optical Grade, General Purpose Grade), Type (Extruded Sheets, Pellets, Beads, Others), End-User Industry (Buildings and Construction, Electrical and Electronics, Automotive and Transporation, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market share, developments, market opportunity, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.