Learn about the global polymethyl methacrylate market through The Business Research Company, which provides information on polymethyl methacrylate market size, polymethyl methacrylate market drivers and restraints, polymethyl methacrylate market players, the COVID-19 impact on the polymethyl methacrylate market, and more.

The global polymethyl methacrylate market size is expected to grow from $4.85 billion in 2021 to $5.05 billion in 2022 at a compound annual growth rate (CAGR) of 4.17%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global PMMA market is expected to reach $7.28 billion in 2026 at a CAGR of 9.55%.

The increasing demand for polymethyl methacrylate (PMMA) in the electronic and automobile industries is contributing to the growth of the polymethyl methacrylate market.

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The polymethyl methacrylate market consists of sales of polymethyl methacrylate materials by entities (organizations, partnerships, and sole proprietors) that are used as a substitute for glass in products such as illuminated signs, skylights, shatterproof windows, and aircraft canopies. Polymethyl methacrylate is a synthetic polymer that is hardened at room temperature and has less strength and low toxicity. PMMA is used in various industries, such as automotives, electronics, construction, signs and displays, and sanitary ware.

Global Polymethyl Methacrylate Market Segments Include:
By Form: Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads

By End-User Industry: Building and Construction, Electrical and Electronics, Automotive and Transportation, Signs and Displays, Others (Medical, Furniture)

By Grade: General Purpose Grade, Optical Grade

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the polymethyl methacrylate market in 2021.

The development of bio-based PMMA is providing opportunities to expand and is a key trend gaining popularity in the market. Bio-based PMMA is supposed to be a substitute in medical devices due to its biocompatibility compared to others. The medical industry has a higher demand for bio-based PMMA. Companies are also increasingly working on introducing new bio-based PMMA.

TBRC’s Polymethyl Methacrylate Market Report Covers:

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

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Polymethyl Methacrylate Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides polymethyl methacrylate market overviews, analyzes and forecasts market size, share, polymethyl methacrylate market players, polymethyl methacrylate market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s polymethyl methacrylate market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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