From GlobeNewswire: 2025-05-01 21:30:00

The Polymethyl Methacrylate (PMMA) Market is projected to grow from USD 5.1 billion in 2024 to USD 6.1 billion by 2029, with a CAGR of 3.4%. The market is driven by construction, automotive, and electronics industries, with challenges from substitute materials and environmental concerns. Opportunities include bio-based and innovative types of PMMA.

Key players in the PMMA market include Trinseo S.A., SABIC, Rohm GmbH, Asahi Kasei Corporation, Mitsubishi Chemical Group Corporation, LX MMA, and CHIMEI Corporation. Drivers include the growing automotive industry, while restraints include availability of low-cost substitutes. Opportunities exist in the healthcare sector, but challenges include raw material shortages.

The Optical grade PMMA segment is projected to be the fastest growing segment in the global PMMA market. Extruded sheet accounts for the largest segment, with the automotive segment holding the second largest share during the forecast period. Asia Pacific is the largest market for PMMA.

PMMA is categorized by grade as General and optical PMMA. General grade is transparent with supreme weather, electrical, and chemical resistance, while optical grade is designed for superior optical properties. PMMA is also categorized by form into pellets, beads, acrylic cast sheets, and extruded sheets.

End-use industries for PMMA include automotive, construction, electronics, lighting fixtures, signs and displays, marine, healthcare, agriculture, consumer goods, and others. Asia Pacific holds the highest market share globally. The region has seen significant expansion in recent years due to economic growth and infrastructure development.

The PMMA market is regionally segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Asia Pacific accounted for the highest market share in 2023. The region has seen substantial growth and investment, particularly in the automotive, construction, and electronics sectors.



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