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Bio-based PMMA Market - By Type (General PMMA, Heat Resistant PMMA, Impact Resistant PMMA), By Product (Extruded Sheet, Pellets, Beads), By Application (Electronics, Automotives, Consumer Goods, Healthcare, Signs & Display, Construction) & Forecast, 2023-2032

  • Report ID: GMI131
  • Published Date: Mar 2023
  • Report Format: PDF

Bio-based PMMA Market Size

Bio-based PMMA Market size valued at USD 130 million in 2022 and is estimated to exhibit over 15% CAGR from 2023 to 2032. The attributes, such as being lightweight, flexibility, and the ability to refract light, are the major factors driving business expansion.

Bio-based PMMA Market

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Bio-based PMMA is a lightweight engineered plastic designed to reduce the carbon footprint of high-performance resins. It serves as a green alternative to non-renewable resins. It also provides excellent optics, improved melt processability, and increased toughness & impact resistance as compared to traditional standard acrylic grades. Bio-based PMMA is widely employed in end-use industries such as medical, automobile, electronics, and construction.

The increased use of bio-based PMMA in the making of automotive components is accelerating bio-based PMMA market growth. Bio-based PMMA is a strong, lightweight, and clear plastic used as an alternative to glass due to its energy efficiency and weather resistance. It is mostly used in lenses of exterior lights for vehicles. It is extensively dominant in the automotive industry owing to its ease of processability and enhanced all-weather performance. As the manufacturers are focused on producing sustainable products, they are opting for bio-based PMMA for automotive components.

Bio-based PMMA Market Analysis

Bio-based PMMA market from general PMMA segment generated USD 50 million in 2022 and is set to register gains at around 15.5% during 2023 to 2032. This type of bio-based PMMA finds applications in laptop light guide panels, monitor light guide panels, and LED TVs. On account of its features of high transparency, luminance, and improved quality, several laptop and TV manufacturers are adopting general PMMA around the globe.


Global Bio-based PMMA Market Size, By Product

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The bio-based polymethyl methacrylate market had crossed USD 130 million and is expected to grow at more than 15% CAGR from 2023 to 2032, driven by the surging demand for high-performance resins with low carbon footprint.

The general PMMA segment is likely to grow at approximately 15.5% growth rate up to 2032, fueled by growing demand from the global consumer electronics display sector.

Europe bio-based polymethyl methacrylate market is set to cross USD 275 million by 2032, primarily fueled by the ongoing expansion of the region’s electronics sector.

Arkema SA, Evonik Industries, Altuglas International Sas, Mitsubishi Chemical, Asahi Kasei Corp., Kuraray Group, Sabic, Sumitomo Chemical Co., Ltd, RTP Company, and Makevale Group are some leading industry participants.

Bio-based PMMA Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 465
  • Countries covered: 28
  • Pages: 250
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