Global Polymethyl Methacrylate (PMMA) Market Forecast: Market Size is Estimated to Hit $7895.16 Million by 2029

Global Polymethyl Methacrylate (PMMA) Market Overview

According to Global Market Monitor, the global polymethyl methacrylate market size will reach $5416.23 million in 2024 and is expected to grow to $7895.16 million by 2029.Polymethyl methacrylate, commonly referred to as PMMA, is a thermoplastic polymer commonly used in everyday life.

Drivers

Polymethyl methacrylate (PMMA) has the advantages of being lightweight, low-cost, and easy to mold. Soluble in organic solvents such as anisole can form good films and dielectric properties. PMMA can be processed by casting, injection, extrusion, hot forming, and other processes, and has good post-processing performance. PMMA as a transparent material with excellent performance is widely used in lighting equipment, optical glass, optical fibers, and other glass fields. Developing technology to expand the application of this material in various industries has also promoted the market. The development of bio-based PMMA materials and the growing demand for sustainable polymers are increasing the market demand.

Regional Market

Asia Pacific is the largest market due to the large-scale manufacturing output of countries such as China, Japan, India, South Korea, and Australia. PMMA is a typical amorphous macromolecule material. The most effective way to improve its heat resistance is to reduce the activity of macromolecule segments. Enhancing the interaction between polymer chains is to form by-valent cross-linking between polymer chains. Compared with active cross-linking, by-valent cross-linking can not only improve the properties of polymers but also maintain the linear structure of polymers without affecting their processing and molding.

PMMA is a highly flammable polymer material, so its flame-retardant modification is of great significance. The flame-retardant modification of PMMA is developing towards low smoke, non-toxic, and halogen-free. The main methods are adding flame retardants or modifying PMMA molecular chains chemically to give proper flame retardancy to the polymer itself.

Company Name	Mitsubishi Chemical Holdings
Website	www.m-chemical.co.jp
Established Time	1993
Plants Distribution	Asia, Europe, North America
Sales Region	Worldwide
News	Mitsubishi Chemical Group's high-performance polycarbonate resin "XANTAR™ K™ series" has been used in the case (back) of the smartphone "Nothing Phone (2a)" by London Digital Products Company Nothing. XANTAR™ is a proven, high-performance polycarbonate resin with excellent transparency, impact resistance, flame retardancy, heat resistance, and electrical properties that has been used in a wide variety of applications for many years.

For more industry information, please refer to our latest released "2023 Global Polymethyl Methacrylate (PMMA) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".