(Polymethyl Methacrylate) PMMA Market Size

Polymethyl Methacrylate Market Size

PMMA (Polymethyl Methacrylate) Market size in healthcare application was above USD 115 million in 2015 with gains expected at over 7.5%/p>

Strong trend towards substituting conventional medical based polymers including polycarbonate and PVC with high quality and non-toxic polymers should drive PMMA demand in healthcare applications. Increasing medical expenditure with rise in device sales for patient treatment may create new avenues for PMMA market size across healthcare domain./p>

Technological innovations along with customized products demand for novel applications may boost PMMA market size for healthcare applications. Arkema has recently introduced Altuglas Lucator, a compound for medical mainframe. REACH & FDA made strict norms regarding high safety and security for consumers to manufacture medical devices using plastics or polymers, which should drive product demand. The National Academies and National Cancer Institute is focused on improving awareness among patients and consultants relating to the hazards associated with petrochemical products usage in healthcare industry./p>

Rising medical expenditure in BRICS has positively influenced healthcare grade polymethyl methacrylate market size. Global healthcare device market was over USD 350 billion in 2015. Growing geriatric population in the U.S., Japan and Europe should boost in PMMA market size in healthcare applications./p>

Polymethyl methacrylate is mainly used in healthcare equipment including incubators, cuvettes, laboratory equipment, IV components, orthopaedic devices, desiccators and disposable medical devices due to its UV tolerance, light transmission, transparency and protection from phthalates and lipids characteristics. The compound needs methanol, acetone and ammonia as raw materials. Tight  feedstock supply for product manufacturing might pressurize on PMMA market price trend in healthcare applications.