Press release
Key Trends Influencing the Growth of the Polymethyl Methacrylate Market in 2025: Advancements in Phosphate Methacrylate Boosting Adhesion and Flame Resistance in Polymethyl Methacrylate Products
Polymethyl Methacrylate Market
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What Is the Expected CAGR for the Polymethyl Methacrylate Market Through 2025?_x000D_
In the past few years, the market size of polymethyl methacrylate has witnessed a swift expansion. The market, valued at $6.15 billion in 2024, is projected to escalate to $6.78 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 10.2%. Several factors have driven the growth during the historic period, including the rise in the architectural and construction sectors, the increased demand for lightweight, see-through materials, the broadening of applications in the auto and transport sectors, the innovation of UV-resistant and weather-proof resins, and the enforced safety standards for materials._x000D_
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What's the Projected Size of the Global Polymethyl Methacrylate Market by 2029?_x000D_
The forecast for the polymethyl methacrylate market is extremely positive, with expected substantial expansion in the upcoming years. The market is anticipated to achieve a value of $9.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.0%. This projected growth during the forecast period is due to factors like the development of sustainable and environmentally friendly acrylic resin formulations, tailor-made acrylic solutions for particular applications, the rise in electric vehicle and battery usage, growth in LED and optical device sectors, and an increased demand in the medical field for implants and prosthetics. The forecast period also promises certain trends such as bio-based and biodegradable acrylic resins, regulatory adherence concerning acrylic material safety, the introduction of nanocomposite and high-impact acrylic materials, smart and self-cleaning acrylic surfaces, and a collaborative approach between acrylic and material science._x000D_
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https://www.thebusinessresearchcompany.com/report/polymethyl-methacrylate-global-market-report_x000D_
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Top Growth Drivers in the Polymethyl Methacrylate Industry: What's Accelerating the Market?_x000D_
The surge in polymethyl methacrylate (PMMA) usage within the electronics and automobile sectors is fuelling the expansion of the polymethyl methacrylate market. PMMA is created through the polymerization of the methyl methacrylate monomer, and because it is transparent and resistant to scratches, it often serves as a glass substitute in certain industrial applications. PMMA, a material lighter than glass by half in terms of density and possesses transparency, is utilized in car windows, motorcycle windshields, and both interior and exterior panels. It also finds application in LCD/LED TV screens, laptops, smartphone displays, and other electronic display equipment. The unique attributes of PMMA have led to its widespread adoption in the automobile and electronic industries. For instance, Deloitte Touche Tohmatsu Limited, a professional services network based in the UK, predicted in February 2022 a 3-4% growth in the sales of smartphones, computers, and TV sets for the year. However, they also anticipated that the average selling prices for smartphones would likely fall by over 15%, potentially leading to a decrease in overall dollar value. Consequently, the rising demand from the automobile and electronic sectors continues to drive the growth of the polymethyl methacrylate market._x000D_
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What Trends Will Shape the Polymethyl Methacrylate Market Through 2029 and Beyond?_x000D_
Prominent businesses within the polymethyl methacrylate market are turning their focus towards creating novel products, including phosphate methacrylate, with the objective to increase longevity and elevate fire resistance across manifold applications. Phosphate methacrylate, a compound which fuses phosphate groups and methacrylate, is primarily used in dental and industrial uses. It amplifies bonding and durability in dental cements and glues. Evonik Industries, a chemical company based in Germany, in January 2024, launched VISIOMER® HEMA-P 100, aiming to bolster bonding and enhance the performance of coatings and glues. It introduces a top-grade phosphate methacrylate monomer presenting transparent flame retardancy and increasing bonding for polar substrates, besides boosting corrosion resistance. Its non-migratory traits guarantee enduring impacts, making it apt for a wide range of coating and adhesive engagements._x000D_
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What Are the Main Segments in the Polymethyl Methacrylate Market?_x000D_
The polymethyl methacrylate market covered in this report is segmented -_x000D_
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1) By Form: Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads_x000D_
2) By Grade: General Purpose Grade, Optical Grade_x000D_
3) By End User Industries: Buildings and Construction, Electrical and Electronics, Automotive and Transportation, Signs and Displays, Other End User Industries_x000D_
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Subsegments:_x000D_
1) By Extruded Sheet: Standard Extruded Sheets, Textured Extruded Sheets, Colored Extruded Sheets_x000D_
2) By Cast Acrylic Sheet: Standard Cast Acrylic Sheets, Optical Quality Cast Acrylic Sheets, Colored Cast Acrylic Sheets_x000D_
3) By Pellets: General Purpose PMMA Pellets, Specialty PMMA Pellets_x000D_
4) By Beads: PMMA Beads for Decorative Applications, PMMA Microbeads For Cosmetic Applications_x000D_
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Tailor your insights and customize the full report here:_x000D_
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Which Top Companies are Driving Growth in the Polymethyl Methacrylate Market?_x000D_
Major companies operating in the polymethyl methacrylate market include Arkema SA, Mitsubishi Rayon Co. Ltd., Sumitomo Chemical Co. Ltd., CHI MEI Corporation, Evonik Industries AG, Kolon Industries Inc., Polycasa N.V., Saudi Arabia Basic Industries Corporation, Asahi Kasei Corporation, Gehr Plastics Inc., Kuraray Group, Dow Inc., LG Chem Ltd., Makevale Group, Röhm GmbH, Trinseo S.A., Toray Industries Inc., Plaskolite LLC, Altuglas International, Spartech LLC, Perspex International, Shanghai Jingqi Polymer Science Co. Ltd., Jumei Chemical Co. Ltd., Zhejiang Unipolymer Material Co. Ltd., Guangzhou Jufeng Plastics Co. Ltd., Suzhou Omay Optical Materials Co. Ltd., Jiangsu Juhua Polymer Co. Ltd., Shandong Dongyue Polymer Material Co. Ltd., Shandong Allplace Environmental Protection Technology Co. Ltd._x000D_
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Which Regions Will Dominate the Polymethyl Methacrylate Market Through 2029?_x000D_
Asia-Pacific was the largest region in the polymethyl methacrylate market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the polymethyl methacrylate market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
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