Polymethyl
Methacrylate (PMMA) Industry worth $6.3 Billion by 2027

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.

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Browse in-depth TOC on "Polymethyl Methacrylate
(PMMA) Industry Market"

156 - Tables

58 - Figures

206 – Pages

By Form, Extruded Sheet account for the largest share of
the PMMA market

Extruded sheets are produced through a continuous process
in which the resin is conveyed in a horizontal chamber comprising rotating
screws. The extruded sheets obtained through this process offer superior
thickness tolerance, thus making them suitable for applications which require
intricate shapes. The sheets are softer than cast acrylic but contain
impurities. The extruded sheets offer the advantage of clarity, glossy surface,
and weather resistance.

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By End-use Industry, Construction account for the largest
share of the PMMA market

PMMA is utilized in different forms in the building and
construction segment. It is used in window frames, furniture, tableware,
soundproof walls, greenhouse windows, pool covers, and roofs. PMMA-made
products are utilized in architectural and urban development projects (noise
barriers and street furniture), contemporary design (shop fittings and
furniture), and interior design applications.

It is used in waterproofing applications and to make
windows, as it provides rigid, lightweight glazing which resists UV
degradation. The construction industry in the Asia Pacific region has been
witnessing high growth due to an increase in large infrastructure projects;
China has also received massive state investments during the past year. These
factors are expected to contribute towards the growth of the construction
industry, favoring the use of PMMA in various applications.

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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.

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.

For More Insights on Polymethyl Methacrylate (PMMA)
Market- https://www.prnewswire.com/news-releases/polymethyl-methacrylate-pmma-industry-worth-6-3-billion-by-2027--exclusive-report-by-marketsandmarkets-301543729.html

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