Widespread Use of Polymethyl Methacrylate in Construction Industry is driving the growth at a CAGR of 4.5% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global polymethyl methacrylate (PMMA) market”.

The polymethyl methacrylate (PMMA) market is estimated to register a CAGR of 4.5% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Polymethyl Methacrylate (PMMA) Market — Trinseo (US), ROHM GMBH (Germany), Kuraray Co. Ltd. (Japan), GEHR Plastics, Inc (Germany), Mitsubishi Chemical Corporation (Japan), Plazit Polygal (US), Sumitomo Chemical Company (Japan), 3A Composites GmbH (Switzerland), RTP Company (US) and Asahi Kasei Corporation (Japan)

Market Highlights

The Global Polymethyl Methacrylate (PMMA) Market is accounted for to register a CAGR of 4.5% during the forecast period and is estimated to reach USD 8,810.4 Million by 2030.

Polymethyl methacrylate (PMMA) is a transparent and rigid thermoplastic material used as a shatterproof replacement for glass. It is also known as acrylic or acrylic glass. PMMA is available in a variety of forms, including sheets, rods, tubes, and granules. PMMA is a clear material that transmits light very well which makes it a good choice for applications where transparency is important, such as glazing and signage, also it is a rigid material that is resistant to bending and flexing where durability is important such as automotive parts and construction materials, PMMA is resistant to weathering, including sunlight, rain, and snow. This makes it a good choice for outdoor applications, such as windows and signs.

The growing construction industry is increasingly employing polymethyl methacrylate in the market due to its versatile nature and diverse uses. Polymethyl methacrylate is used in glazing applications such as windows, skylights, and façade systems in the building sector. It is a popular material for modern architectural designs due to its great light transmission, weather resistance, and insulating capabilities, it is widely used to make door, windows, panels and more. Polymethyl methacrylate's unique qualities make it a suitable material for construction applications such as sound barriers, facades, aquaria, and greenhouses. Polymethyl methacrylate is used in green houses to improve light transmission, allowing plants to develop faster, and to offer suitable heat insulation, lowering heating expenses. Acrylic sheet products are an excellent alternative for sound barrier installation beside highway systems due to their exceptional clarity and performance in all-weather situations. Polymethyl methacrylate may be coupled with color and light to produce realistic and appealing surface designs for facades because to its diverse and easy machining choices. Because of their excellent strength and resistance to abrasive action, viewing panels manufactured of polymethyl methacrylate are used in some of the world's largest and most impressive aquaria and marine centres. Similar ideas and techniques as viewing panels may be used to create all-weather structural panels for pavilions and other indoor and outdoor structures. Polymethyl methacrylate is commonly used in carports. Polymethyl methacrylate multi-skin and corrugated sheets are exceptionally durable; even when subjected to severe temperatures, they retain their stability and strength; they are also an excellent material for patio covers.

Polymethyl methacrylate-based solutions are also gaining popularity for the protection of concrete decks, foundations, and other surfaces. Polymethyl methacrylate technology coatings and membranes are tempting for projects with limited schedules and severe performance requirements due to their ultra-fast cure time, even under adverse weather conditions, and long-term durability. The vast range of use of polymethyl methacrylate makes it a polymer of rapidly increasing demand in the construction and buildings industry. Additionally, being recyclable and cost-effective adds to the preference of polymethyl methacrylate over other alternatives in the construction market. Hence, with the development of the construction industry the polymethyl methacrylate is also expected to grow extensively.

Segment Analysis

The Global Polymethyl Methacrylate (PMMA) Market has been segmented based on Type, application, and region.

The Global Polymethyl Methacrylate (PMMA) Market has been categorized Based on the extruded sheets, cast sheets, pellets, and beads. The extruded sheets segment accounted for the largest market share of 39.89% in 2022, with a market value of USD 2,486.6 million; it is expected to register a CAGR of 5.09% during the forecast period. Extrusion is the second most popular method of producing PMMA sheets. In this process, the resin pellets are melted and transported in a heated barrel with one or two moving screws. The plastic is melted in the heated chamber by the shear from the screw and is then forced through a die at the extruder's end. The plastic is shaped with this die, after which it is cooled to produce sheets and profiles. Extruded sheets are cost-effective because they are produced in a longer and more efficient production process.

The Global Polymethyl Methacrylate (PMMA) Market has been categorized based on application into commercial, residential, and industrial. The industrial sector plays a significant role in shaping the market for diesel gensets. Industrial applications require reliable and robust power solutions to ensure uninterrupted operations. Diesel gensets are widely utilized in industrial settings for various purposes, including backup power during grid outages, prime power for remote locations, and auxiliary power for critical equipment.  

Access full report @ https://www.marketresearchfuture.com/reports/polymethyl-methacrylate-pmma-market-4864

Regional Analysis

By Region, the study segments the Polymethyl Methacrylate (PMMA) Market into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, the Asia-Pacific region drove the Global Polymethyl Methacrylate (PMMA) Market by holding a substantial market share with a market value of USD 5,661.14 million. The Asia Pacific region is experiencing rapid industrialization and infrastructure development, resulting in a growing demand for diesel gensets. Countries like China, India, and Indonesia have a significant market for diesel gensets due to their expanding manufacturing sectors, construction activities, and the need for reliable power supply in remote and off-grid locations. The region is also witnessing a shift towards hybrid and dual fuel gensets, driven by a focus on reducing emissions and improving energy efficiency.

North America is also expected to show lucrative growth in the forecast period, further categorized into US and Canada. Rising investment in the construction sector is increasing the demand for PMMA products in construction materials, thereby fueling market growth. For instance, as per the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the building permits for privately‐owned housing units has been increased by 13.8% in February 2023 as compared to January 2023. Also, increasing demand for PMMA products in various applications will fuel market growth in the North American region.

Latin America accounted for a 6.13% market share in 2022, valued at USD 373.8 million; it is projected to exhibit a CAGR of 2.72% during the forecast period. The Middle East & Africa accounted for 7.27% market share in 2021, valued at USD 443.9 million; it is projected to exhibit a CAGR of 2.81% during the forecast period. Surging demand for PMMA products in various applications due to the rise in industrialization in the region will fuel market growth.

Key Findings of the Study

• The Global Polymethyl Methacrylate (PMMA) Market is expected to reach USD 8,810.4 Million by 2030, at a CAGR of 4.5% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Type, the Extruded Sheets segment was attributed to holding the largest market in 2022.


• Based on application, the construction segment was attributed to holding the largest market in 2022.


• Trinseo (US), ROHM GMBH (Germany), Kuraray Co. Ltd. (Japan), GEHR Plastics, Inc (Germany), Mitsubishi Chemical Corporation (Japan), Plazit Polygal (US), Sumitomo Chemical Company (Japan), 3A Composites GmbH (Switzerland), RTP Company (US) and Asahi Kasei Corporation (Japan) are the key market players.