Global Poly Methyl Methacrylate (PMMA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Poly Methyl Methacrylate (PMMA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polymethyl methacrylate (PMMA), also known as acrylic or acrylic glass, is a transparent and rigid thermoplastic material widely used as a shatterproof replacement for glass. PMMA has many technical advantages over other transparent polymer (PC, polystyrene etc.).

Market Overview:

The latest research study on the global Poly Methyl Methacrylate (PMMA) market finds that the global Poly Methyl Methacrylate (PMMA) market reached a value of USD 5844.41 million in 2022. It’s expected that the market will achieve USD 7228.99 million by 2028, exhibiting a CAGR of 3.61% during the forecast period.

Market Challenges and Impact

Although PMMA has good transparency, its surface hardness is low and its abrasion resistance is poor. It is easy to produce abrasion and wear during use, which results in the decrease of transparency. It not only seriously affects the appearance quality of products, but also significantly reduces the stress cracking resistance and mechanical strength, and greatly shortens the service life of products. In addition, due to the complex and unstable price of petroleum raw materials, the price of petroleum raw materials hinders the growth of market demand.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

The top three companies are Mitsubishi Chemical, Evonik, Chi Mei with the revenue market share of 20.46%,17.36% and 16.64% in 2018.

Mitsubishi Chemical Holdings Corporation is a holding company established through the merger of Mitsubishi Chemical and Mitsubishi Pharma. The Company manages operation of its subsidiaries.

Evonik Industries AG produces specialty chemicals. The company offers different products in the consumer goods, animal nutrition and pharmaceutical sectors.

Segmentation Overview:

Among different product types, General PMMA segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Transportation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Poly Methyl Methacrylate (PMMA) market covered in Chapter 3:

PTTGM
Mitsubishi Chemical
Kuraray
LG MMA
Lotte MCC
Asahi Kasei
Zhongmeng Longxin
Shanghai Jingqi
Plaskolite
Chi Mei
Sumitomo Chemical
Double Elephant Optical Material
Evonik
Arkema

In Chapter 4 and Chapter 14.2, on the basis of types, the Poly Methyl Methacrylate (PMMA) market from 2018 to 2029 is primarily split into:

General PMMA
Heat Resistant PMMA
Impact Resistant PMMA

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Poly Methyl Methacrylate (PMMA) market from 2018 to 2029 covers:

Automotive
Construction
Electronics
Signs & Displays
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)