Polymethyl Methacrylate (PMMA) Market Report Scope & Overview:

The Polymethyl Methacrylate (PMMA) Market Size was valued at USD 5.14 billion in 2023, and is expected to reach USD 7.71 billion by 2031, and grow at a CAGR of 5.2% over the forecast period 2024-2031.

PMMA (Polymethyl Methacrylate) is a synthetic resin derived from the polymerization of methyl methacrylate. Shatterproof windows, skylights, illuminated signs, and aeroplane canopies are all made of this clear and strong plastic. The report's goal is to examine the current and forecasted trends in the worldwide speciality chemical market, which is predicted to grow in demand. The research offers a thorough examination of the market potential in a variety of industry applications. The study focuses on the opportunities presented by the world's growing economies, so that businesses can strategically develop region-specific plans and obtain a competitive advantage.

Polymethyl Methacrylate (PMMA) Market Revenue Analysis

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Market Dynamics:


  • The demand for low-cost, damage-resistant transparent materials is growing.

  • Increasing demand for automotive, electronics and construction industries.


  • Requiring high rigidity.

  • Availability of low-cost substitutes.

  • Raw materials are in short supply.


  • Increasing need for lightweight vehicle components in order to enhance fuel efficiency and minimise CO2 emissions.


  • To adverse negative environmental impacts.

Impact of COVID-19:

The key end-use industries in the PMMA market are automotive, construction, and electronics. The COVID-19 pandemic resulted in the closure of manufacturing facilities, decreased demand for oil and gas, and supply chain disruption, all of which contributed to the world economy's downturn in 2020. Due to the shutdown and government actions, automotive production was temporarily halted. New construction projects have been halted or postponed in the construction industry. Furthermore, a global supply chain disruption resulted in a global chip shortage, severely affecting the automobile and electronics industries. Manufacturers of PMMA have gone into a short hiatus. Because of a labour shortage caused by social distancing restrictions, the utilisation rate fell. The pandemic had an impact on product availability, demand, and prices. Due to sluggish growth in the construction, electronics, and automotive markets, PMMA manufacturers saw a drop in revenue. The need for medical and healthcare items has increased as a result of the COVID-19 epidemic, which has aided the expansion of the PMMA market. During the projection period, demand is expected to rise due to a return to normalcy in the global economy, greater immunisation, and the reopening of enterprises.

Market Segmentation:

By Form

  • Extruded sheet

  • Cast acrylic sheet

  • Cell Cast

  • Solid Surface

  • Continuous

  • Composite

  • Pellets

  • Beads

  • Others

By Grade

  • General purpose grade

  • Optical grade

By End-use Industry

  • Automotive

  • Electronics

  • Construction

  • Signs & displays

  • Sanitary ware

  • Lighting fixtures

  • Healthcare

  • Others

Regional Analysis:

Polymethyl methacrylate (PMMA) is the fastest growing and largest regional market in Asia Pacific. This region's rapid infrastructural development is boosting market growth. Furthermore, the expanding automotive and electronics industries, which are important demand generators, are assisting in the expansion of the PMMA market. The second-largest market segment is Europe. PMMA's environmentally benign properties allow it to comply with regional regulatory laws. The region's thriving automobile industry generates a large amount of demand. Polymethyl methacrylate's application in medical devices, electronics, and other designer goods is also fueling industry expansion.

The market in North America is steadily expanding. The optical and plastic product production industries account for a significant amount of demand. The rapidly expanding automobile and infrastructure industries are also potential demand generators. Acrylic glass is a gradually increasing market in Latin America and the Middle East. Polymethyl methacrylate is in high demand in this region because to the construction sector.


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  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Mitsubishi Rayon Co. Ltd., Polycasa N.V., Gehr Plastics, Inc., Saudi Arabia Basic Industries Corporation, CHI MEI Corporation, Arkema SA, Kuraray Group, Evonik Industries AG, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Kolon Industries Inc., The Dow Chemical Company, and other players.

Mitsubishi Rayon Co. Ltd-Company Financial Analysis

Polymethyl Methacrylate (PMMA) Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 5.14 Billion
Market Size by 2031 US$ 7.71 Billion
CAGR CAGR of 5.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Form (Extruded sheet, Cast acrylic sheet, Pellets, Beads, Others)
• By Grade (General purpose grade, Optical grade)
• By End-use Industry (Automotive, Electronics, Construction, Signs & displays, Sanitary ware, Lighting fixtures, Healthcare, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Mitsubishi Rayon Co. Ltd., Polycasa N.V., Gehr Plastics, Inc., Saudi Arabia Basic Industries Corporation, CHI MEI Corporation, Arkema SA, Kuraray Group, Evonik Industries AG, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Kolon Industries Inc., The Dow Chemical Company, and other players.
DRIVERS • The demand for low-cost, damage-resistant transparent materials is growing.
• Increasing demand for automotive, electronics and construction industries.
Restraints • Requiring high rigidity.
• Availability of low-cost substitutes.
• Raw materials are in short supply.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.


Ans: To adverse negative environmental impacts  are the challenges faced by the  Polymethyl Methacrylate (PMMA) Market.


Ans: Mitsubishi Rayon Co. Ltd. (Japan), Polycasa N.V. (Belgium), Gehr Plastics, Inc. (U.S.), Saudi Arabia Basic Industries Corporation (Saudi Arabia), CHI MEI Corporation (Taiwan), Arkema SA (France), Kuraray Group (Japan), Evonik Industries AG (Germany), Sumitomo Chemical Co. Ltd. (Japan), Asahi Kasei Corporation (Japan), Kolon Industries, Inc. (South Korea) and  The Dow Chemical Company (U.S.)

Ans: Requiring high rigidity, Availability of low-cost substitutes and Raw materials are in short supply are the restraints for Polymethyl Methacrylate (PMMA) Market.

Ans: Polymethyl Methacrylate (PMMA) Market Size was valued at USD 5.14 billion in 2023, and is expected to reach USD 7.71 billion by 2031, and grow at a CAGR of 5.2% over the forecast period 2024-2031.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Polymethyl Methacrylate (PMMA) Market Segmentation, By Form

8.1Extruded sheet

8.2Cast acrylic sheet

8.2.1 Cell Cast

8.2.2 Solid Surface

8.2.3 Continuous

8.2.4 Composite

8.3 Pellets

8.4 Beads

8.5 Others

9. Polymethyl Methacrylate (PMMA) Market Segmentation, By Grade

9.1 General purpose grade

9.2 Optical grade

10. Polymethyl Methacrylate (PMMA) Market Segmentation, By End-use Industry

10.1 Automotive

10.2 Electronics

10.3 Construction

10.4 Signs & displays

10.5 Sanitary ware

10.6 Lighting fixtures

10.7 Healthcare

10.8 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Mitsubishi Rayon Co. Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Polycasa N.V.

12.3 Gehr Plastics, Inc.

12.4 Saudi Arabia Basic Industries Corporation

12.5 CHI MEI Corporation

12.6 Arkema SA

12.7 Kuraray Group

12.8 Evonik Industries AG

12.9 Sumitomo Chemical Co. Ltd.

12.10 Asahi Kasei Corporation

12.11 Kolon Industries, Inc.

12..12 The Dow Chemical Company

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14 Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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