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Polymethyl Methacrylate (PMMA) Market Size

The Polymethyl Methacrylate (PMMA) market is experiencing significant growth, driven by its extensive applications across various industries such as construction, automotive, and aerospace. The market's expansion is attributed to PMMA's desirable properties, including optical clarity, UV stability, and resistance to weathering, making it a preferred alternative to glass and other plastics. The construction sector, in particular, is the largest end user, with increasing demand for flexible and cost-effective building materials. The automotive industry also contributes substantially to the market size due to the material's surface hardness and abrasion resistance. Geographically, the Asia-Pacific region leads in market share, supported by substantial manufacturing activities, while Europe and South America follow closely in terms of market size and growth potential.

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Market Size of polymethyl methacrylate (pmma) Industry

Polymethyl Methacrylate (PMMA) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 9.16 Billion
svg icon Market Size (2029) USD 12.59 Billion
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2029) 6.57 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Polymethyl Methacrylate (PMMA) Market Analysis

The Polymethyl Methacrylate (PMMA) Market size is estimated at 9.16 billion USD in 2024, and is expected to reach 12.59 billion USD by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).

9.16 Billion

Market Size in 2024 (USD)

12.59 Billion

Market Size in 2029 (USD)

5.11 %

CAGR (2017-2023)

6.57 %

CAGR (2024-2029)

Largest Market by End-user Industry

26.31 %

value share, Building and Construction, 2023

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The building and construction segment held the largest market share owing to their wide-ranging PMMA applications, including door and window profiles, sound barriers, facades, greenhouses, etc.

Fastest Growing Market by End-user Industry

8.02 %

Projected CAGR, Building and Construction, 2024-2029

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Due to its high reliability, optical clarity, UV stability, and mechanical strength, the demand for PMMA is increasing in the construction industry and it is expected to be the fastest end-user.

Largest Market by Region

48.47 %

value share, Asia-Pacific, 2023

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Asia-Pacific holds the largest market share owing to its 72.45% share in global automotive production, led by its huge regional markets such as China, India, Japan, and South Korea.

Fastest Growing Market by Region

7.55 %

Projected CAGR, South America, 2024-2029

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South America is expected to be the fastest-growing regional segment over the forecast period while also accounting for one of the highest growth rates in the global construction industry, with a 3.15% CAGR.

Leading Market Player

13.33 %

market share, Röhm GmbH, 2022

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In 2022, the company held the largest market share and accounted for the highest capacity of PMMA resin globally, amounting to around 400 kilotons per year. ROHM offers various PMMA products, including sheets and films.

Building and construction industry may dominate the market

  • PMMA is a highly transparent thermoplastic polymer with a range of applications in numerous industries. The polymer has optical properties and is highly transparent, rigid, and dimensionally stable. It acts as a great alternative to glass and other plastics. PMMA's growing applications across multiple industries led to a 9.97% growth in value in 2022 compared to 2021.
  • The building and construction industry is the largest and fastest-growing end user of PMMA. The demand for PMMA products is growing in construction applications, including facades, aquaria, and greenhouses, owing to the properties it offers, such as optical clarity, UV stability, and resistance to weathering. It is widely used as a flexible solution for solid surface installation in making door and window profiles, patio covers, illuminated signs, skylights, and many other outdoor applications. Growing requirements for flexible, lightweight, and cost-effective visual appearance-enhancing building materials are expected to drive market growth. The demand is expected to record a CAGR of 7.76% in value during the forecast period of 2023-2029.
  • The automotive industry is the second-largest consumer of PMMA. Its surface hardness, UV and abrasion-resistant properties, and superior toughness compared to glass make it highly desirable in the industry. It is primarily used in applications including car windows, motorcycle windshields, vehicle fenders, interior panels, rear lights, and indicator light covers. It can be used as a composite to produce a car's bumpers, number plates, and many other molded components. Growing requirement for fuel-efficient vehicles is boosting the market. The demand in the industry is expected to record a CAGR of 6.68% in value during the forecast period.
Global Polymethyl Methacrylate (PMMA) Market

Asia-Pacific may dominate the global demand

  • PMMA is a highly transparent thermoplastic with numerous applications in the construction, automotive, and aerospace industries due to its high transparency, UV resistance, scratch resistance, and dimensional stability. In 2022, its demand increased by 13.17% in value compared to the previous year because of the greater recovery from the pandemic globally.
  • Asia-Pacific is the largest market owing to large-scale manufacturing outputs by nations like China, Japan, India, South Korea, and Australia. The major industries that use PMMA in the region include building and construction, automotive, and electrical and electronics. Australia is the fastest-growing market in the region in terms of value owing to its expanding aerospace and construction industries. The PMMA market in the region is expected to record a CAGR of 6.47% by revenue during the forecast period.
  • Europe is the second-largest PMMA consumer. Germany, Italy, France, and the United Kingdom are four of the top 10 manufacturing nations in the world that are situated on this continent and lead to high demand. Most of the PMMA is consumed by the construction, automotive, and machinery manufacturing industries because of their market density. The PMMA market is expected to register the fastest growth in the region's aerospace industry, with an expected CAGR of 7.93% (in value) during the forecast period.
  • South America is the fastest-growing market. The region developed technological and industrial infrastructure with investments from government and private players, increasing the number of manufacturing contracts. The demand for PMMA resin is expected to record a CAGR of 7.43% by revenue during the forecast period.

Polymethyl Methacrylate (PMMA) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • PMMA is a highly transparent thermoplastic polymer with a range of applications in numerous industries. The polymer has optical properties and is highly transparent, rigid, and dimensionally stable. It acts as a great alternative to glass and other plastics. PMMA's growing applications across multiple industries led to a 9.97% growth in value in 2022 compared to 2021.
  • The building and construction industry is the largest and fastest-growing end user of PMMA. The demand for PMMA products is growing in construction applications, including facades, aquaria, and greenhouses, owing to the properties it offers, such as optical clarity, UV stability, and resistance to weathering. It is widely used as a flexible solution for solid surface installation in making door and window profiles, patio covers, illuminated signs, skylights, and many other outdoor applications. Growing requirements for flexible, lightweight, and cost-effective visual appearance-enhancing building materials are expected to drive market growth. The demand is expected to record a CAGR of 7.76% in value during the forecast period of 2023-2029.
  • The automotive industry is the second-largest consumer of PMMA. Its surface hardness, UV and abrasion-resistant properties, and superior toughness compared to glass make it highly desirable in the industry. It is primarily used in applications including car windows, motorcycle windshields, vehicle fenders, interior panels, rear lights, and indicator light covers. It can be used as a composite to produce a car's bumpers, number plates, and many other molded components. Growing requirement for fuel-efficient vehicles is boosting the market. The demand in the industry is expected to record a CAGR of 6.68% in value during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Polymethyl Methacrylate (PMMA) Market Size Summary

The Polymethyl Methacrylate (PMMA) market is poised for significant growth, driven by its versatile applications across various industries. PMMA, known for its high transparency, UV resistance, and dimensional stability, serves as an excellent alternative to glass and other plastics. Its demand is particularly robust in the building and construction sector, where it is used in facades, aquaria, and greenhouses, among other applications. The automotive industry also represents a substantial market for PMMA, utilizing its properties for car windows, windshields, and other components. The increasing need for flexible, lightweight, and cost-effective materials in these sectors is expected to propel the market forward.

Regionally, Asia-Pacific leads the PMMA market, supported by large-scale manufacturing in countries like China, Japan, and India. The region's demand is bolstered by its thriving construction, automotive, and electronics industries. Europe follows as the second-largest consumer, with significant consumption in construction and automotive sectors, particularly in Germany, Italy, and France. South America is emerging as the fastest-growing market, driven by technological advancements and increased manufacturing activities. The PMMA market is moderately consolidated, with major players like CHIMEI and Mitsubishi Chemical Corporation dominating the landscape. Recent expansions and technological developments by key companies indicate a strategic focus on enhancing production capacities and innovation in PMMA applications.

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Polymethyl Methacrylate (PMMA) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Other End-user Industries

    2. 1.2 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Nigeria

          2. 1.2.1.1.2 South Africa

          3. 1.2.1.1.3 Rest of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 Australia

          2. 1.2.2.1.2 China

          3. 1.2.2.1.3 India

          4. 1.2.2.1.4 Japan

          5. 1.2.2.1.5 Malaysia

          6. 1.2.2.1.6 South Korea

          7. 1.2.2.1.7 Rest of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 France

          2. 1.2.3.1.2 Germany

          3. 1.2.3.1.3 Italy

          4. 1.2.3.1.4 Russia

          5. 1.2.3.1.5 United Kingdom

          6. 1.2.3.1.6 Rest of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Saudi Arabia

          2. 1.2.4.1.2 United Arab Emirates

          3. 1.2.4.1.3 Rest of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Canada

          2. 1.2.5.1.2 Mexico

          3. 1.2.5.1.3 United States

      6. 1.2.6 South America

        1. 1.2.6.1 By Country

          1. 1.2.6.1.1 Argentina

          2. 1.2.6.1.2 Brazil

          3. 1.2.6.1.3 Rest of South America

Polymethyl Methacrylate (PMMA) Market Size FAQs

The Global Polymethyl Methacrylate (PMMA) Market size is expected to reach USD 9.16 billion in 2024 and grow at a CAGR of 6.57% to reach USD 12.59 billion by 2029.

In 2024, the Global Polymethyl Methacrylate (PMMA) Market size is expected to reach USD 9.16 billion.

PMMA Market Report Snapshots

Polymethyl Methacrylate (PMMA) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029