The Global Polymethyl Methacrylate (PMMA) market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28, due to the large-scale applications of this chemical compound in the automotive, construction, and lighting industries, among others.                                          

Global Polymethyl Methacrylate (PMMA) Market Dynamics:

Surging Inclination Towards Bio-based PMMA Application in Healthcare Industry - The inclination towards bio-based PMMA has been observed in the healthcare sector in recent years, owing to its biodegradable property as well as recyclable behavior. The usage of this application for manufacturing test tubes & syringes has been a trend over the last few years. Thus, this has further contributed to the demand for in the market. In addition, rigorous research & development is also conducted on PMMA-based bone cement for fixation implants in different orthopedic & trauma surgeries. Thus, rapid R&D in the field of bio-based PMMA is expected to launch new bio-based applications in the healthcare industry in the coming years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Polymethyl Methacrylate (PMMA) Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Type
  • Beads
  • Resins
  • Extruded Sheets
  • Acrylic Sheets
• By End User
  • Building & Construction
    • Bathroom & Fittings
    • Lighting & Fixtures
    • Doors, Windows & Railings
    • Others (Furnishing & Decors, etc.)
  • Automotive & Transportation
  • Consumer Goods (Electronics)
  • Paints & Coatings
  • Marine
  • Packaging
  • Others (Visual Communication Tools, Cosmetics, etc.)
• By Region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Trinseo, LG Chem Ltd., Mitsubishi Chemical Holdings Corporation, Sumitomo Chemical Co. Ltd., SABIC, LG MMA Corporation, The Dow Chemical Company, Evonik Performance Materials GmbH, Kurary Group, Chi Mei Corporation, Asahi Kasei Corporation, Makevale Group, Polycasa N.V.), Röhm GmbH, LOTTE Chemical CORPORATION, Others

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