Global Poly Methyl Methacrylate (PMMA) Market Outlook to 2027
Polymethyl Methacrylate (PMMA), or acrylic glass, is a thermoplastic polymer of Methyl Methacrylate (MMA), and it is a strong, clear, and lightweight plastic generally used as a substitute for glass due to its energy efficiency and weather resistance, available in two grades and can be classified as optical and general-purpose grades based on its usage. According to BlueQuark Research & Consulting, the global Poly Methyl Methacrylate market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing demand for lightweight materials in the construction industry will drive the global Poly Methyl Methacrylate market. Further, the utilization of Poly Methyl Methacrylate in the automotive industry as a lightweight and low-cost alternative to metal and glass is projected to propel the global Poly Methyl Methacrylate market. Furthermore, the surged use of Poly Methyl Methacrylate in the electrical and the electronics industry to manufacture components like electronic equipment display, and infra-red transmitter/receiver windows are anticipated to drive the global Poly Methyl Methacrylate (PMMA) market. Apart from this, Poly Methyl Methacrylate in poster and LED lights are expected to drive the Global Poly Methyl Methacrylate PMMA market. However, the strict government regulations, high raw material prices, and deficiency in raw materials are predicted to hinder the Polymethyl Methacrylate market growth in the forecasted periods.
Poly Methyl Methacrylate is used to produce manufacturing components such as door profiles, canopies, panels, car windows, LCD/LED TV screens, laptops, motorcycle windshields, etc., and are also used in end-use industries like automobile, construction, and electronics.
The Buildings and Construction industry is the leading consumer of Poly Methyl Methacrylate and is projected to propel the global PMMA market. Growing population and rapid urbanization are some factors behind the increased construction activities, especially in the Asia-Pacific region.ACS, Actividades de Construcci?n y Servicios, SA,one of the largest construction companies in the world, posted a 3.8% rise in profit for the first quarter of 2021. Due to its unique properties like transparency and gloss finish, optical properties, rigidity, hardness, dimensional stability, and resistance to resistance to sunrays, scratching, Polymethyl Methacrylate has found use in critical components such as door and window profiles, door canopies, sound barriers, facades, aquaria, greenhouses, and structural panels, thus making its use necessary for the growth of the building and construction industry. The growing demand and adoption of polymethyl methacrylate in signs and displays, direction boards, paints and coatings, acrylic sheets, roofing, optical media, eyeglasses, LED lights, electronic consumer appliances like TV screen displays, smartphones, etc. Polymethyl methacrylate is broadly used as a substitute for glass in the transportation and construction industries. With the rising demand in construction activities growing worldwide, focusing on using sustainable, lightweight, and low-cost materials, Polymethyl Methacrylate (PMMA) is expected to grow and propel the global market in the forecasted period.
The Asia-Pacific region is awaited to be the leader in Poly Methyl Methacrylate production, with most of the consumption in the area. China is the extensive base for automobile production worldwide and, according to the China Association of Automobile Producers, vehicle sales would touch 27 million in 2021, a 6.7 % year-on-year rise.Toyota Kirloskar Motorbe in demand of 15001 units in India in 2021 and will see a 114% steady growth. Therefore, with thousands of vehicles manufactured daily, China satisfies its domestic need and caters to the international demand for vehicles. Further, Japan, China, and South Korea are some of the most significant electronics and other consumer goods manufacturers such as smartphones, LCD/LED TV, and Polybutylene Terephthalate as essential components, thus making the area necessary for the growth of the market. In a rapidly increasing automotive sector, PMMA is worn because of its transparency, durability, rigidity, and lightweight properties. That is why there are profit-making opportunities for automobile manufacturers using polymethyl methacrylate material for the manufacturing of different parts of vehicles like windows, interior lighting, windshields, headlights, panels, and others. PMMA is an eco-friendly material and is resistant to ultraviolet light, and it surges the fuel efficiency of vehicles due to its lightweight. Apart from this, polymethyl methacrylate is worn in sanitary ware and lighting fixtures. The rising demand for environment-friendly and lightweight plastic material from different end-use industries is an essential factor expected to pursue to support the growth of the global polymethyl methacrylate market in the forecasted period. Polymethyl methacrylate materials are utilized in the packaging of cosmetics, partition walls, etc., and these bio-based PMMA plastics can also be worn in medical applications such as orthopedic surgery, implants, artificial teeth, etc. The technological advancements and research related to bio-based polymethyl methacrylate or sustainable plastic materials in developing economies are supporting the growth of the PMMA market. Further, due to its transparent texture structural strength, it is worn in the construction and building industries, one of the fastest-growing regions due to rising urbanization and population. Furthermore, the utilization of Poly Methyl Methacrylate in the medical industry to make surgical, dental, equipment, and protective shields are awaited to fuel the regional market. Factors like these have driven the Asia Pacific a vital scope for the global Poly Methyl Methacrylate PMMA market.
Some of the global market's key players areDuPont de Nemours,Korea Engineering Plastics,Celanese Corporation,Ensinger Plastics,and Mitsubishi Chemical
In May 2021,Trinseoacquired Arkema SA's PMMA plant, and the transaction is predicted to generate USD 50 million of yearly synergy.
In October 2020,Lucite Internationalcollaboration with Mitsubishi Chemical Corporations and Agilyx Corporations to develop circular solutions for Poly Methyl Methacrylate (PMMA).
In March 2019, Evonik has today signed an agreement to sell its Methacrylates business to Advent International for €3 billion. The selling price (enterprise value) is 8.5 times the business' EBITDA. The transaction is subject to validation by the authorities in several countries and is expected to close in the third quarter of 2019.
Global Polymethyl Methacrylate market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Poly Methyl Methacrylate market by segmenting based on the Grade (Optical Grade, General Purpose Grade), Type (Extruded Sheets, Pellets, Beads, Others), End-Use Industries (Buildings and Construction, Electrical and Electronics, Automotive and Transporation, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, market share, market estimate, developments, market opportunity, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Poly Methyl Methacrylate is used to produce manufacturing components such as door profiles, canopies, panels, car windows, LCD/LED TV screens, laptops, motorcycle windshields, etc., and are also used in end-use industries like automobile, construction, and electronics.
The Buildings and Construction industry is the leading consumer of Poly Methyl Methacrylate and is projected to propel the global PMMA market. Growing population and rapid urbanization are some factors behind the increased construction activities, especially in the Asia-Pacific region.ACS, Actividades de Construcci?n y Servicios, SA,one of the largest construction companies in the world, posted a 3.8% rise in profit for the first quarter of 2021. Due to its unique properties like transparency and gloss finish, optical properties, rigidity, hardness, dimensional stability, and resistance to resistance to sunrays, scratching, Polymethyl Methacrylate has found use in critical components such as door and window profiles, door canopies, sound barriers, facades, aquaria, greenhouses, and structural panels, thus making its use necessary for the growth of the building and construction industry. The growing demand and adoption of polymethyl methacrylate in signs and displays, direction boards, paints and coatings, acrylic sheets, roofing, optical media, eyeglasses, LED lights, electronic consumer appliances like TV screen displays, smartphones, etc. Polymethyl methacrylate is broadly used as a substitute for glass in the transportation and construction industries. With the rising demand in construction activities growing worldwide, focusing on using sustainable, lightweight, and low-cost materials, Polymethyl Methacrylate (PMMA) is expected to grow and propel the global market in the forecasted period.
The Asia-Pacific region is awaited to be the leader in Poly Methyl Methacrylate production, with most of the consumption in the area. China is the extensive base for automobile production worldwide and, according to the China Association of Automobile Producers, vehicle sales would touch 27 million in 2021, a 6.7 % year-on-year rise.Toyota Kirloskar Motorbe in demand of 15001 units in India in 2021 and will see a 114% steady growth. Therefore, with thousands of vehicles manufactured daily, China satisfies its domestic need and caters to the international demand for vehicles. Further, Japan, China, and South Korea are some of the most significant electronics and other consumer goods manufacturers such as smartphones, LCD/LED TV, and Polybutylene Terephthalate as essential components, thus making the area necessary for the growth of the market. In a rapidly increasing automotive sector, PMMA is worn because of its transparency, durability, rigidity, and lightweight properties. That is why there are profit-making opportunities for automobile manufacturers using polymethyl methacrylate material for the manufacturing of different parts of vehicles like windows, interior lighting, windshields, headlights, panels, and others. PMMA is an eco-friendly material and is resistant to ultraviolet light, and it surges the fuel efficiency of vehicles due to its lightweight. Apart from this, polymethyl methacrylate is worn in sanitary ware and lighting fixtures. The rising demand for environment-friendly and lightweight plastic material from different end-use industries is an essential factor expected to pursue to support the growth of the global polymethyl methacrylate market in the forecasted period. Polymethyl methacrylate materials are utilized in the packaging of cosmetics, partition walls, etc., and these bio-based PMMA plastics can also be worn in medical applications such as orthopedic surgery, implants, artificial teeth, etc. The technological advancements and research related to bio-based polymethyl methacrylate or sustainable plastic materials in developing economies are supporting the growth of the PMMA market. Further, due to its transparent texture structural strength, it is worn in the construction and building industries, one of the fastest-growing regions due to rising urbanization and population. Furthermore, the utilization of Poly Methyl Methacrylate in the medical industry to make surgical, dental, equipment, and protective shields are awaited to fuel the regional market. Factors like these have driven the Asia Pacific a vital scope for the global Poly Methyl Methacrylate PMMA market.
Some of the global market's key players areDuPont de Nemours,Korea Engineering Plastics,Celanese Corporation,Ensinger Plastics,and Mitsubishi Chemical
In May 2021,Trinseoacquired Arkema SA's PMMA plant, and the transaction is predicted to generate USD 50 million of yearly synergy.
In October 2020,Lucite Internationalcollaboration with Mitsubishi Chemical Corporations and Agilyx Corporations to develop circular solutions for Poly Methyl Methacrylate (PMMA).
In March 2019, Evonik has today signed an agreement to sell its Methacrylates business to Advent International for €3 billion. The selling price (enterprise value) is 8.5 times the business' EBITDA. The transaction is subject to validation by the authorities in several countries and is expected to close in the third quarter of 2019.
Global Polymethyl Methacrylate market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Poly Methyl Methacrylate market by segmenting based on the Grade (Optical Grade, General Purpose Grade), Type (Extruded Sheets, Pellets, Beads, Others), End-Use Industries (Buildings and Construction, Electrical and Electronics, Automotive and Transporation, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, market share, market estimate, developments, market opportunity, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Price Trend Analysis
3.8 Supply Scenario
3.6 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Grade
5.1.1 Optical Grade
5.1.2 General Purpose Grade
5.2 By Type
5.2.1 Extruded Sheets
5.2.2 Pellets
5.2.3 Beads
5.2.4 Others
5.3 By End-User Industry
5.3.1 Buildings and Construction
5.3.2 Electrical and Electronics
5.3.3 Automotive and Transportation
5.3.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Trinseo
7.2
Celanese Corporation
7.3
Evonik Industries AG
7.4
Kuraray Co. Ltd.
7.5
Mitsubishi Chemical Corporation
7.6
Barlo Group PLC
7.7
LG Chem
7.8
LyondellBasell
7.9
SABIC
7.10
ISOFLON
7.11
Chi Mei Corporation
7.12
RTP Company
7.13
Modern Plastics
7.14
Ensinger Plastics
7.15
Sumitomo Chemical Asia
7.16
Covestro AG
7.17
INEOS Styrolution
7.18
Toray Industries, Inc.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Price Trend Analysis
3.8 Supply Scenario
3.6 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Grade
5.1.1 Optical Grade
5.1.2 General Purpose Grade
5.2 By Type
5.2.1 Extruded Sheets
5.2.2 Pellets
5.2.3 Beads
5.2.4 Others
5.3 By End-User Industry
5.3.1 Buildings and Construction
5.3.2 Electrical and Electronics
5.3.3 Automotive and Transportation
5.3.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Trinseo
7.2
Celanese Corporation
7.3
Evonik Industries AG
7.4
Kuraray Co. Ltd.
7.5
Mitsubishi Chemical Corporation
7.6
Barlo Group PLC
7.7
LG Chem
7.8
LyondellBasell
7.9
SABIC
7.10
ISOFLON
7.11
Chi Mei Corporation
7.12
RTP Company
7.13
Modern Plastics
7.14
Ensinger Plastics
7.15
Sumitomo Chemical Asia
7.16
Covestro AG
7.17
INEOS Styrolution
7.18
Toray Industries, Inc.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
North America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
United States Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Canada Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Mexico Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Europe Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
United Kingdom Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Germany Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Italy Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
France Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Other Supporting Charts
Rest of Europe Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Brazil Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Argentina Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of South America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Asia-Pacific Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
China Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
India Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Japan Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South Korea Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of Asia-Pacific Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Middle East & Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Saudi Arabia Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of Middle-East & Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Global Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
North America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
United States Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Canada Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Mexico Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Europe Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
United Kingdom Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Germany Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Italy Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
France Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Other Supporting Charts
Rest of Europe Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Brazil Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Argentina Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of South America Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Asia-Pacific Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
China Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
India Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Japan Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South Korea Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of Asia-Pacific Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Middle East & Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Saudi Arabia Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
South Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
Rest of Middle-East & Africa Poly (Methyl Methacrylate) (PMMA) Market Size, Market Growth & Market Forecast Volume(in kiloton), 2017-2027
