PUBLISHER: IMARC | PRODUCT CODE: 1675365
PUBLISHER: IMARC | PRODUCT CODE: 1675365
The global polymethyl methacrylate market size reached USD 5.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033. The growing adoption in the automotive industry for manufacturing automotive parts, rising utilization for treating acne, facial lines, and wrinkles, and increasing demand in electronic devices represent some of the key factors driving the market.
Polymethyl methacrylate (PMMA), also known as acrylic glass, is a synthetic resin that is manufactured from the free radical polymerization of monomer methyl methacrylate. It is processed by various methods, such as injection molding, compression molding, and extrusion or casting. It is cost-effective, transparent, rigid, durable, and highly resistant to ultraviolet (UV) light and weathering. It has low moisture and water-absorbing capacity that aids in offering dimensional stability. It provides enhanced light transmission and unlimited coloring options as compared to other transparent polymers. It assists in providing improved optical clarity, versatility, and tensile strength. Besides this, it does not contain any toxic materials or heavy metals that can cause environmental pollution. As a result, PMMA is widely employed in the automotive, construction, electrical and electronics, marine, healthcare, and agriculture industries across the globe.
At present, the rising utilization of PMMA in the manufacturing of automotive parts, such as car indicator covers and panels, represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of PMMA, as it is a suitable alternative for glass in various products, such as shatterproof windows, skylights, illuminated signs, and aircraft canopies, is positively influencing the market. Additionally, the increasing employment of PMMA in the construction industry for producing sinks, baths, knobs, and tap tops around the world is offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the demand for recyclable and biocompatible products due to environmental concerns among the masses across the globe. This, coupled with the increasing employment of PMMA in several electronic devices, such as television screens, laptops, and smartphones, is propelling the growth of the market. In addition, various benefits offered by PMMA, such as toughness and lightweight properties, are contributing to the growth of the market. Moreover, the growing demand for PMMA in the healthcare industry for joint replacement procedures and treating bone damages is offering a favorable market outlook. Furthermore, the increasing utilization of PMMA in the cosmetic industry for curing acne, facial lines, and wrinkles among individuals is impelling the growth of the market.
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