Global Polymethyl Methacrylate (PMMA) Market Industry Growth, Size, Share, Competition, Scope, Latest Trends and Challenges, to 2023-2028

Global Polymethyl Methacrylate (PMMA) Market Insights:

According to MarkNtel Advisors, the Global Polymethyl Methacrylate (PMMA) market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28, due to the large-scale applications of this chemical compound in the automotive, construction, and lighting industries, among others.

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Global Polymethyl Methacrylate (PMMA) Market Definition:

Polymethyl Methacrylate (PMMA) is a chemical compound found in engineered plastics such as acrylic, which serves as a lightweight, shatter-proof glass alternative for doors, windows, and other numerous places, such as doors, windows, etc. It is used for various applications such as extruded sheets in building & construction, as beads in automobiles & transportation, and as a display in electronic & electrical appliances. In addition, it is also used in various biomaterial applications like bone cement, lenses, and bone substitutes, among others.  

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Global Polymethyl Methacrylate (PMMA) Market Key Trend:

Surging Inclination Towards Bio-based PMMA Application in Healthcare Industry - The inclination towards bio-based PMMA has been observed in the healthcare sector in recent years, owing to its biodegradable properties as well as recyclable behavior. The usage of this application for manufacturing test tubes & syringes has been a trend over the last few years. Thus, this has further contributed to the demand in the market. In addition, rigorous research & development are also conducted on PMMA-based bone cement for fixation implants in different orthopedic & trauma surgeries. Thus, rapid R&D in the field of bio-based PMMA is expected to launch new bio-based applications in the healthcare industry in the coming years.   

Global Polymethyl Methacrylate (PMMA) Market Segmentation:

1. By Type

• Beads
• Resins
• Extruded Sheets
• Acrylic Sheets

2. By End User

• Building & Construction
• Automotive & Transportation
• Consumer Goods (Electronics)
• Paints & Coatings
• Marine
• Packaging
• Others (Visual Communication Tools, Cosmetics, etc.)

Global Polymethyl Methacrylate (PMMA) Market Geographically Analysis:

3. By Region

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

Global Polymethyl Methacrylate (PMMA) Leading Companies:

• Trinseo
• LG Chem Ltd.
• Mitsubishi Chemical Holdings Corporation
• Sumitomo Chemical Co. Ltd.
• SABIC
• LG MMA Corporation
• The Dow Chemical Company
• Evonik Performance Materials GmbH
• Kurary Group
• Chi Mei Corporation
• Asahi Kasei Corporation
• Makevale Group
• Polycasa N.V.
• Röhm GmbH
• LOTTE Chemical CORPORATION
• Others

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