Polymethyl Methacrylate (PMMA) Market | Key players operating in the market include Mitsubishi Chemical Holdings Corporation, Sumitomo Chemical Co. Ltd., SABIC, LG Chem Ltd., Toray Industries Inc.

The report "Polymethyl Methacrylate (PMMA) Market by Grade (General Purpose, Optical), Form(Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads),End-Use Industry(Signs & Displays, Construction, Automotive, Lighting Fixtures, Electronics, Marine, Healthcare) & Region - Global Forecast to 2027" The PMMA market is projected to grow from USD 4.8 Billion in 2022 to USD 6.3 Billion by 2027, at a CAGR of 5.4% during the forecast period. PMMA market is driven by the rising demand from end-use industries, especially automotive, construction, signs & displays, and electronics. Market growth is expected to be restrained due to the availability of substitutes. Expected recovery of the automotive sector from the COVID-19 pandemic and rising penetration of EVs are expected to offer business opportunities in the forecasted period.

Browse 491 market data Tables and 56 Figures spread through 324 Pages and in-depth TOC on "Polymethyl Methacrylate (PMMA) Market"

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Polymethyl Methacrylate (PMMA) is a transparent thermoplastic and impact-resistant substitute for glass. It is highly durable and offers the advantage of chemical and impact resistance. It is lightweight, rigid, and has color versatility. PMMA is used in various applications such as automotive, electronics, construction, signs & displays, sanitary ware, and lighting fixtures. It is available in two grades-optical grade and general-purpose grade. Optical grade PMMA is used to make Light Guide Panels (LGPs), as it provides high brightness and high purity grade, making the screen brighter and cleaner. General-purpose is the most common grade that finds applications in automotive, buildings & construction, signage and display, household, lighting fixtures, and furniture, among others.

PMMA is a versatile, recyclable, sustainable, and durable material, owing to which it is gaining traction across several industrial applications. Due to its superior properties and the changing government policies such as European Green Deals, the global market for PMMA is expected to grow. Based on application, the consumption of PMMA in various end-use industries such as sign & display, construction, automobile, electronics, lighting & fixtures, and among others is considered. The applications of these have been constantly increasing owing to constant innovation.

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By region, Asia Pacific accounted for the largest share in the global PMMA market

Asia Pacific accounted for the largest share of the PMMA market in 2021, followed by North America and Europe. The China is one of the leading producers and consumers of PMMA, globally. Asia Pacific dominates the PMMA market as most of the producers of PMMA are based in the Asia Pacific. New construction projects, greenhouse applications, steady growth in automotive, are driving the PMMA market in the region.

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The leading players in the PMMA market are Röhm GmbH (Germany), ChiMei Corporation (Taiwan), Mitsubishi Chemical Holdings Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), SABIC (Saudi Arabia), LG Chem Ltd. (South Korea), Trinseo S.A. (US), Kuraray Co., Ltd (Japan), Kolon Industries Inc. (South Korea), Toray Industries, Inc. (Japan), Lotte Chemical Corporation (South Korea), Plaskolite LLC (US), and others.

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