Bio-based PMMA Market Analysis

The bio-based PMMA market in the form of extruded sheet is projected to grow at a more than 15.7% CAGR between 2023 and 2032. Extruded sheets offer advantages such as better thickness tolerance, reduced cost, less dirt, and lesser lint or particulate contamination in the sheet. Bio-based PMMA in the form of extruded sheets are used in sanitary ware applications. They are also being increasingly adopted in homeware applications including digital displays such as computer screens or mobile phones. Extruded sheets are versatile, can be modified to tinted colors, and acquire properties such as scratch resistance, antifogging, solar reflectivity, and reduced glare & UV transmissions. These features will promote segment expansion.

The bio-based polymethyl methacrylate market from the signs & display segment is anticipated to observe 15.2% CAGR up to 2032. Bio-based PMMA is used in signs & displays as it is clear and can be easily printed on. It can withstand harsh weather conditions and is durable. Optical grade bio-based PMMA exhibits enhanced transparency and clarity, making it suitable for usage in display windows, display cabinets, and illuminated signages. Thus, the rising demand for signs & displays from various end-use industries is amplifying the market revenue.

Europe bio-based PMMA market is poised to surpass USD 275 million by 2032. Construction activities are expected to increase in various nations including Germany and the UK, further supporting industry share. The adoption of bio-based PMMA in electronics and the growing electronics industry in the region, as a result of increased income and growing population, are amplifying market growth. Government attempts to reduce carbon emissions in the automotive industry are accelerating product adoption in the market. The rising need for automotive is also favoring the demand for bio-based polymethyl methacrylate in Europe.