(Polymethyl Methacrylate) PMMA Market Size & Share 2016 - 2024
Market Size by In Healthcare Applications (Medical Ware, Pharmaceutical Handling, Laboratory Ware), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, & Forecast.
Report ID: GMI693
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Published Date: August 2016
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
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%
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.
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.
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.
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.
Polymethyl Methacrylate Market Analysis
PMMA market size from medical ware applications should register over 15 kilo tons by 2024. Rising cataract and myopia occurrence due to increasing old aged population should encourage intraocular glass demand which would drive PMMA market size in medical ware application.
Rising osteoporotic fractures due to growing geriatric population has improved bone adhesive demand. Polymethyl methacrylate is mainly used as bone adhesive in orthopaedic applications. Also, its use in dentures would accompany PMMA market growth. Rising number of birth rate in China and India along with increasing expenditure in healthcare should drive incubators demand which would boost polymethyl methacrylate market size inn healthcare applications.
PMMA market size from laboratory application is estimated to grow at over 5.5%. Rise in ageing population and increase in diagnostics IV would boost polymethyl methacrylate market size. Technological advancement such as tissue and molecular diagnostics particularly in the U.S. should boost product market.
Polymethyl methacrylate market size form pharmaceutical handling applications should register over USD 30 million by 2024. Newly introduced RFID cabinets should boost product demand. Rising occurrence of numerous chronic diseases might increase pharmaceutical cabinet market demand positively, which can drive polymethyl methacrylate market size in healthcare applications.
APAC, dominated by India and China PMMA market size expects gains at above 10%. China and Japan are involved in technological innovation for manufacturing medical devices which should boosts polymethyl methacrylate market size.
Europe PMMA market size in healthcare applications, led by Germany, UK, France and Italy, was above USD 35 million in 2015. Increasing use of medical devices including desiccators, incubators and implants along growing health hazards concerns should drive Europe polymethyl methacrylate market growth across healthcare domain.
Polymethyl Methacrylate Market Share
Global PMMA healthcare industry market share is competitive. Some companies operating in this industry are
Most manufacturers produce MMA internally for confined consumption and are integrated backwards across the value chain supplying surplus to other healthcare grade polymethyl methacrylate manufacturers.
Companies operating in PMMA based medical devices are
They have lower backward integration threat to PMMA manufacturers owing different business fields.
Aristech Surfaces, Plaskolite and Kydex are some other medical polymethyl methacrylate market players. Key polymethyl methacrylate convertors are Modern Plastics, RTP, Emco Industrial, Tap Plastics and Everything Plastics.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
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Regulatory filings
Government procurement records and policy documents
Academic research
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Company reports
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Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →