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Polymethyl Methacrylate (PMMA) - Global Market Trajectory & Analytics

  • ID: 5141224
  • Report
  • February 2022
  • Region: Global
  • 345 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3A Composites GmbH
  • Asahi Kasei Corporation
  • Chi Mei Corporation
  • GEHR Plastics Inc.
  • Kuraray Co., Ltd.
  • LG Chem Ltd.

Global Polymethyl Methacrylate (PMMA) Market to Reach $5.9 Billion by 2026


Polymethyl methacrylate (PMMA) market is facing a mixed bag of challenges and opportunities as the COVID-19 pandemic continued to rage on. With the world fighting its biggest public health crisis in history, demand for protective sheets made of PMMA witnessed strong growth to control the spread of COVID-19 infections, as protective shields in hospitals, retail outlets and transport systems. With applications in personal protection sector witnessing strong improvement growth, most companies shifted production to address the burgeoning demand. At the same time the industry witnessed a decline in demand in various end-use markets including automotive, construction, and electronics.

Amid the COVID-19 crisis, the global market for Polymethyl Methacrylate (PMMA) estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$5.9 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Extruded Sheets, one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$3.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pellets segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 24.7% share of the global Polymethyl Methacrylate (PMMA) market. Going forwards, increasing demand for protective sheets, recovery in automobile production and construction and other markets is expected to drive PMMA consumption in 2021. However, PMMA consumption is expected to be hindered by possible slowdown in automobile production due to lack of semiconductors and risk of business closures threatened by emergence of new virus strains.



The U.S. Market is Estimated at $634.7 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026


The Polymethyl Methacrylate (PMMA) market in the U.S. is estimated at US$634.7 Million in the year 2021. The country currently accounts for a 14.64% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 7.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the end of the analysis period.

Recovery in automotive production in the post COVID-19 period is expected to bode well for market growth for MMA and PMMA materials. In the coming years, consumption of acrylic resins is expected to grow led by improvements on the economic front, increased activity in construction and architecture industries, and demand rise from automotive (primarily to improve functionality and to reduce weight) and electronics sectors. Potential opportunities for PMMA market are immense due to its unique aesthetic features and superior chemical characteristics, which make it a highly valuable material for use in several end-use markets. With demand rising from various industries including signs and displays, electronics, sanitary ware, construction, automotive, and lighting fixtures, many PMMA manufacturers are focusing on increasing their production capacities to meet the growing demand.

Beads Segment to Reach $880.9 Million by 2026


In the global Beads segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$426 Million in the year 2020 will reach a projected size of US$645 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$225.5 Million by the year 2026, while Latin America will expand at a 7.3% CAGR through the analysis period.

Select Competitors (Total 32 Featured) -

  • 3A Composites GmbH
  • ALBIS Distribution GmbH & Co. KG
  • Asahi Kasei Corporation
  • Chi Mei Corporation
  • GEHR Plastics Inc.
  • Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
  • Kuraray Co., Ltd.
  • LG Chem Ltd.
  • LOTTE Chemical Corporation
  • Makevale Group
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai Co., Ltd.
  • RTP Company
  • Saudi Basic Industries Corporation
  • Sumitomo Chemical Asia Pte Ltd.
  • Unigel S.A.
Frequently Asked Questions about the Global Market for Polymethyl Methacrylate (PMMA)

What is the estimated value of the Global Market for Polymethyl Methacrylate (PMMA)?

The Global Market for Polymethyl Methacrylate (PMMA) was estimated to be valued at $4.2 Billion in 2020.

What is the growth rate of the Global Market for Polymethyl Methacrylate (PMMA)?

The growth rate of the Global Market for Polymethyl Methacrylate (PMMA) is 5.8%, with an estimated value of $5.9 Billion by 2026.

What is the forecasted size of the Global Market for Polymethyl Methacrylate (PMMA)?

The Global Market for Polymethyl Methacrylate (PMMA) is estimated to be worth $5.9 Billion by 2026.

Who are the key companies in the Global Market for Polymethyl Methacrylate (PMMA)?

Key companies in the Global Market for Polymethyl Methacrylate (PMMA) include 3A Composites GmbH, ALBIS Distribution GmbH & Co. KG, Asahi Kasei Corporation, Chi Mei Corporation, GEHR Plastics Inc., Heilongjiang Zhongmeng Longxin Chemical Co., Ltd., Kuraray Co., Ltd., LG Chem Ltd. and Makevale Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3A Composites GmbH
  • Asahi Kasei Corporation
  • Chi Mei Corporation
  • GEHR Plastics Inc.
  • Kuraray Co., Ltd.
  • LG Chem Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Polymethyl Methacrylate (PMMA) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Impact on PMMA Market
  • PMMA Sheets Assume New Role during COVID-19 Crisis
  • Performance Snapshot of Major End-Use Markets
  • Automotive Sector
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Construction Sector
  • Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2021
  • Consumer Appliances
  • Electrical & Electronics Equipment
  • Polymethyl methacrylate (PMMA): A Prelude
  • Material Properties
  • General , Optical, and Thermal Properties of Cast Acrylic (PMMA)
  • PMMA Applications
  • Market Outlook
  • Asia-Pacific Remains at the Forefront Driving Huge Demand for PMMA
  • MMA Supply Dynamics Impact PMMA Patterns
  • PMMA % Price Change: April 2020-January 2021
  • PMMA Prices in Europe in Euro/Tonne: July 2019-May 2020
  • Market Share of Leading PMMA Producers by Capacity in Europe (in %): 2020
  • Extruded Sheets and Signs & Displays: Primary Segments of PMMA Market
  • Competition
  • Market Share of Leading PMMA Producers in the Global Market by Capacity (in %): 2020
  • Market Share of Leading PMMA Producers by Capacity in the US (in %): 2020
  • Recent market Activity
  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Focus Grows on Development of Bio-Based PMMA
  • Bio-based PMMA based Acrylic Resin: Potential to Develop Sustainable Solutions for Medical Sector
  • Circular PMMA Gains Traction
  • Recycling for PMMA Circularity
  • Green Plexiglass
  • Drive Towards Lighter Vehicles Supports Demand for PMMA
  • PMMA Emerging as Effective Alternative to Polycarbonate for Automotive Applications
  • Recovery in Automotive Industry Post COVID-19 to Steer Demand
  • World Automobile Production in Million Units: 2008-2022
  • Robust Outlook for EVs and Growth Prospects
  • Number of EVs On Road Worldwide by Type (In Million Units) for the Years 2019 and 2022
  • Recovering Construction Industry Benefits Demand for MMA and PMMA
  • World Construction Industry (in US$ Trillion) for the Years 2020, 2021 & 2022
  • Global Infrastructure Spending in US$ Billion (2014, 2016, 2018, 2020 & 2022)
  • New Constructions Offer Significant Opportunities
  • Inherent Features Galvanize Acrylic Sheet Demand in Sanitary Ware Industry
  • Growing Importance of PMMA Based Signage and Displays Drive Demand for Visual Communications
  • Advertising: An Essential Requisite for Corporate/Brand Survival & Existence
  • Global Advertising Spending by Platform: 2020
  • COVID-19 Pandemic Upends the Marketing Landscape
  • Global Ad Spending YoY Growth Change (in %) by Media: 2020
  • PMMA Induces New Level of Convenience in Electronic Displays & Monitors
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Global Smartphone Shipments in Million Units: 2015, 2020, & 2025
  • OLED and LCD TV Shipments in Million Units: 2018-2022
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Slowdown in Aviation Sector Deters Demand for PMMA-based Aircraft Windows & Canopies
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Intriguing Properties Make PMMA to Play Instrumental Role in Medical Applications
  • PMMA in Point of Care Diagnostics
  • Global Point-of-Care Diagnostics Devices Market in US$ billion: 2017-2025
  • Researchers Explore New Approaches to Make PMMA-based Materials Perfect Option for Dental Applications

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS


UNITED STATES


CANADA


JAPAN


CHINA


EUROPE


FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC


AUSTRALIA


INDIA


SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA


MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 32
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3A Composites GmbH
  • ALBIS Distribution GmbH & Co. KG
  • Asahi Kasei Corporation
  • Chi Mei Corporation
  • GEHR Plastics Inc.
  • Heilongjiang Zhongmeng Longxin Chemical Co., Ltd.
  • Kuraray Co., Ltd.
  • LG Chem Ltd.
  • LOTTE Chemical Corporation
  • Makevale Group
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai Co., Ltd.
  • RTP Company
  • Saudi Basic Industries Corporation
  • Sumitomo Chemical Asia Pte Ltd.
  • Unigel S.A.
Note: Product cover images may vary from those shown