Polymethyl Methacrylate (PMMA) Market Growth Study: Size, Share, Companies, and Trends Insights

MarkNtel Advisors analyses the growth rate of the Polymethyl Methacrylate (PMMA) market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Polymethyl Methacrylate (PMMA) market, helping them make informed decisions.

Market Outlook – 2023-2028:

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. Further, the growing use in biomaterial applications such as bone cement, and lenses, along with in dental implants where the polymer material is used to replace lost tooth roots, would drive the market growth in the forthcoming years.

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Key Company Profiles

This report explores recent significant developments in the Polymethyl Methacrylate (PMMA) Market, focusing on the leading companies and their innovative profiles. The major players in the Polymethyl Methacrylate (PMMA) Market, featured in this report, include:

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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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the Polymethyl Methacrylate (PMMA) Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type
- Beads
- Resins
- Extruded Sheets
- Acrylic Sheets

Among them, the Extruded Sheets held a substantial share in the Global Polymethyl Methacrylate (PMMA) market during the historical period in line with the cost-effectiveness advantages such as high clarity, weather-resistant, ease of mold process, high durability, etc.

By End User
- Building Construction
  - Bathroom Fittings
  - Lighting Fixtures
  - Doors, Windows Railings
  - Others (Furnishing Decors, etc.)
- Automotive Transportation
- Consumer Goods (Electronics)
- Paints Coatings
- Marine
- Packaging
- Others (Visual Communication Tools, Cosmetics, etc.)
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa

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What are the primary factors driving the growth of the Global Polymethyl Methacrylate (PMMA) Market?

Burgeoning Growth of the Electronics Electric Industry to Positively Impact the Market - The rising demand for PMMA for the manufacturing of electronic equipment displays, LCD screens, mobile phone screens, etc., due to its benefits such as durability, light transmittance, high scratch impact resistance, etc., has positively contributed to the growth of the market during 2018-22. In addition, the growing disposable income of customers from across the globe is positively impacting the commercial sales of electronic gadgets such as mobile phones, TV video equipment, etc.

Moreover, the surging demand for electrical electronic appliances has led to the expansion of manufacturing capabilities. Thus, the growing demand from the electronics electric industry is expected to create an opportunity for developing more PMMA manufacturing sites in the forecast years.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.