Product Code: 131
Global Bio-based PMMA market is poised for significant growth over 2023-2032, driven by the rising demand for sustainable materials across multiple industries. Traditional PMMA is derived from petroleum-based sources, whereas bio PMMA is produced using renewable raw materials such as plant-based feedstocks or bio-based monomers. This shift towards bio PMMA aligns with the global trend of reducing carbon footprint and promoting environmentally friendly solutions and is one of the key contributors to market growth.
Increasing awareness and concern about the environmental impact of plastics is yet another factor creating ample growth opportunities for the bio-based PMMA industry. Bio PMMA offers a sustainable solution by reducing dependence on fossil fuels, minimizing greenhouse gas emissions, and mitigating plastic waste. Rapid adoption of bio PMMA in various applications helps industries achieve their sustainability goals while maintaining product performance and quality. This apart, the increased product usage across the automotive, electronics, and building & construction sectors will propel market revenue through 2032.
The bio-based PMMA market is categorized based on type, product, application, and region.
Regarding the product category, the market share from the others segment, comprising injection molding, coatings & adhesives, fibers, filaments, etc., will drive significant revenue through 2032. Injection molded bio PMMA finds extensive usage in manufacturing automotive components, electrical and electronic enclosures, consumer goods, and various industrial parts. These products exhibit high impact resistance, dimensional stability, and good surface finish. In addition, the increased adoption of bio-based PMMA fibers and filaments across the textile and apparel industry, owing to their specific properties, such as moisture-wicking, lightweight, and durability, will favor segment growth.
Based on type, the heat-resistant PMMA market size is anticipated to grow at around 16% CAGR from 2023 to 2032. Heat-resistant PMMA demonstrates superior resistance against heat and extreme weather conditions and can retain excellent transparency. Compared to standard PMMA, these can withstand up to 10°C more heat, which eventually increases the hardness of the product. Driven by these attributes, these materials find extensive usage in car lamp lenses or other lamps that require heat resistance due to the heat generated by the light sources.
With respect to application, the industry value from the automotive application segment is set to increase commendably over the next ten years. Rising awareness about using lightweight materials for vehicle production to improve fuel efficiency and contain carbon emissions will drive the demand for bio PMMA in automobile applications. Stringent regulations pertaining to achieving a better fuel economy by 2025 in countries such as the U.S. will further accelerate business growth through 2032.
Regionally, Latin America bio-based PMMA market is expected to be worth USD 16.5 million by 2032. Increasing focus on sustainability and rising environmental awareness are among the key factors bolstering the uptake of bio PMMA in the region. In addition, an increased emphasis on the utilization of eco-friendly alternatives in industries such as construction, automotive, electronics, and packaging will stimulate product demand in Latin America.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology & forecast parameters
- 1.3 Region-wise COVID-19 impact analysis
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Regional Trends
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Global Bio-based PMMA industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Type trends
- 2.1.3 Product trends
- 2.1.4 Application trends
- 2.1.5 Region trends
Chapter 3 Bio-based PMMA Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 on industry landscape
- 3.3 Industry ecosystem analysis
- 3.3.1 Profit margins
- 3.3.2 Value addition
- 3.3.3 Distribution channel analysis
- 3.3.4 Vendor matrix
- 3.3.4.1 List of key raw material suppliers
- 3.3.4.2 List of key manufacturers/distributors
- 3.4 Raw material trends
- 3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Production process
- 3.5.3 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.2 Industry pitfalls & challenges
- 3.7 Regulatory trends
- 3.8 Growth potential analysis, 2022
- 3.9 Regional price trends
- 3.9.1 Cost structure analysis
- 3.9.1.1 R&D cost
- 3.9.1.2 Manufacturing & equipment cost
- 3.9.1.3 Raw material cost
- 3.9.1.4 Distribution cost
- 3.9.1.5 Operating cost
- 3.9.1.6 Miscellaneous cost
- 3.10 Porter's analysis
- 3.11.1 Threat of new entrants
- 3.11.2 Supplier power
- 3.11.3 Buyer power
- 3.11.4 Threat of substitutes
- 3.11 PESTEL analysis
- 3.12 Impact of COVID-19 on Bio-based PMMA market, by application
- 3.13.1 Signs & Display
- 3.13.2 Automobile
- 3.13.3 Electronics
- 3.13.4 Construction
- 3.13.5 Healthcare
Chapter 4 Competitive landscape, 2021
- 4.1 Introduction
- 4.2 Company Market share analysis, by region
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategic outlook matrix
Chapter 5 Bio-based PMMA Market, By Type
- 5.1 Bio-based PMMA market material share, by type, 2022 & 2032
- 5.2 General PMMA
- 5.2.1 Market estimates and forecasts, 2018 - 2032
- 5.2.2 Market estimates and forecast, by region, 2018 - 2032
- 5.3 Heat Resistant PMMA
- 5.3.1 Market estimates and forecasts, 2018 - 2032
- 5.3.2 Market estimates and forecast, by region, 2018 - 2032
- 5.4 Impact Resistant PMMA
- 5.4.1 Market estimates and forecasts, 2018 - 2032
- 5.4.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 6 Bio-based PMMA Market, By Product
- 6.1 Bio-based PMMA market material share, by product, 2022 & 2032
- 6.2 Extruded sheets
- 6.2.1 Market estimates and forecasts, 2018 - 2032
- 6.2.2 Market estimates and forecast, by region, 2018 - 2032
- 6.3 Pellets
- 6.3.1 Market estimates and forecasts, 2018 - 2032
- 6.3.2 Market estimates and forecast, by region, 2018 - 2032
- 6.4 Beads
- 6.4.1 Market estimates and forecasts, 2018 - 2032
- 6.4.2 Market estimates and forecast, by region, 2018 - 2032
- 6.5 Others
- 6.5.1 Market estimates and forecasts, 2018 - 2032
- 6.5.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 7 Bio-based PMMA Market, By Application
- 7.1 Bio-based PMMA market material share, by application, 2022 & 2032
- 7.2 Electronics
- 7.2.1 Market estimates and forecasts, 2018 - 2032
- 7.4.2 Market estimates and forecast, by region, 2018 - 2032
- 7.3 Automotive
- 7.3.1 Market estimates and forecasts, 2018 - 2032
- 7.3.2 Market estimates and forecast, by region, 2018 - 2032
- 7.4 Consumer goods
- 7.4.1 Market estimates and forecasts, 2018 - 2032
- 7.4.2 Market estimates and forecast, by region, 2018 - 2032
- 7.5 Healthcare
- 7.5.1 Market estimates and forecasts, 2018 - 2032
- 7.5.2 Market estimates and forecast, by region, 2018 - 2032
- 7.6 Construction
- 7.6.1 Market estimates and forecasts, 2018 - 2032
- 7.6.2 Market estimates and forecast, by region, 2018 - 2032
- 7.7 Signs & Display
- 7.7.1 Market estimates and forecasts, 2018 - 2032
- 7.7.2 Market estimates and forecast, by region, 2018 - 2032
- 7.8 Others
- 7.8.1 Market estimates and forecasts, 2018 - 2032
- 7.8.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 8 Bio-based PMMA Market, By Region
- 8.1 Bio-based PMMA market share, by region, 2022 & 2032
- 8.2 North America
- 8.2.1 Market estimates and forecast, 2018 - 2032
- 8.2.2 Market estimates and forecast, by type, 2018 - 2032
- 8.2.3 Market estimates and forecast, by product, 2018 - 2032
- 8.2.4 Market estimates and forecast, by application, 2018 - 2032
- 8.2.5 U.S.
- 8.2.5.1 Market estimates and forecast, 2018 - 2028
- 8.2.5.2 Market estimates and forecast, by type, 2018 - 2028
- 8.2.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.2.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.2.6 Canada
- 8.2.6.1 Market estimates and forecast, 2018 - 2028
- 8.2.6.2 Market estimates and forecast, by type, 2018 - 2028
- 8.2.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.2.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3 Europe
- 8.3.1 Market estimates and forecast, 2018 - 2032
- 8.3.2 Market estimates and forecast, by type, 2018 - 2032
- 8.3.3 Market estimates and forecast, by product, 2018 - 2032
- 8.3.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3.5 Germany
- 8.3.5.1 Market estimates and forecast, 2018 - 2032
- 8.3.5.2 Market estimates and forecast, by type, 2018 - 2032
- 8.3.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.3.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3.6 UK
- 8.3.6.1 Market estimates and forecast, 2018 - 2032
- 8.3.6.2 Market estimates and forecast, by type, 2018 - 2032
- 8.3.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.3.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3.7 France
- 8.3.7.1 Market estimates and forecast, 2018 - 2032
- 8.3.7.2 Market estimates and forecast, by type, 2018 - 2032
- 8.3.7.3 Market estimates and forecast, by product, 2018 - 2032
- 8.3.7.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3.8 Italy
- 8.3.8.1 Market estimates and forecast, 2018 - 2032
- 8.3.8.2 Market estimates and forecast, by type, 2018 - 2032
- 8.3.8.3 Market estimates and forecast, by product, 2018 - 2032
- 8.3.8.4 Market estimates and forecast, by application, 2018 - 2032
- 8.3.9 Spain
- 9.3.9.1 Market estimates and forecast, 2018 - 2032
- 9.3.9.2 Market estimates and forecast, by type, 2018 - 2032
- 9.3.9.3 Market estimates and forecast, by product, 3019 - 3039
- 9.3.9.4 Market estimates and forecast, by application, 3019 - 3039
- 8.3.10 Russia
- 10.3.10.1 Market estimates and forecast, 2018 - 2032
- 10.3.10.2 Market estimates and forecast, by type, 2018 - 2032
- 10.3.10.3 Market estimates and forecast, by product, 2018 - 2032
- 10.3.10.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, 2018 - 2032
- 8.4.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4.5 China
- 8.4.5.1 Market estimates and forecast, 2018 - 2032
- 8.4.5.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4.6 India
- 8.4.6.1 Market estimates and forecast, 2018 - 2032
- 8.4.6.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4.7 Japan
- 8.4.7.1 Market estimates and forecast, 2018 - 2032
- 8.4.7.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.7.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.7.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4.8 Australia
- 8.4.8.1 Market estimates and forecast, 2018 - 2032
- 8.4.8.2 Market estimates and forecast, by type, 2018 - 2032
- 8.8.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.8.4 Market estimates and forecast, by application, 2018 - 2032
- 8.4.9 South Korea
- 8.4.9.1 Market estimates and forecast, 2018 - 2032
- 8.4.9.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.9.3 Market estimates and forecast, by product, 3019 - 3039
- 8.4.9.4 Market estimates and forecast, by application, 3019 - 3039
- 8.3.40 Indonesia
- 8.4.10.1 Market estimates and forecast, 2018 - 2032
- 8.4.10.2 Market estimates and forecast, by type, 2018 - 2032
- 8.4.10.3 Market estimates and forecast, by product, 2018 - 2032
- 8.4.10.4 Market estimates and forecast, by application, 2018 - 2032
- 8.5 Latin America
- 8.5.1 Market estimates and forecast, 2018 - 2032
- 8.5.2 Market estimates and forecast, by type, 2018 - 2032
- 8.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.5.5 Brazil
- 8.5.5.1 Market estimates and forecast, 2018 - 2032
- 8.5.5.2 Market estimates and forecast, by type, 2018 - 2032
- 8.5.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.5.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.5.6 Mexico
- 8.5.6.1 Market estimates and forecast, 2018 - 2032
- 8.5.6.2 Market estimates and forecast, by type, 2018 - 2032
- 8.5.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.5.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.6 Middle East & Africa
- 8.6.1 Market estimates and forecast, 2018 - 2032
- 8.6.2 Market estimates and forecast, by type, 2018 - 2032
- 8.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.6.5 Saudi Arabia
- 8.6.5.1 Market estimates and forecast, 2018 - 2032
- 8.6.5.2 Market estimates and forecast, by type, 2018 - 2032
- 8.6.5.3 Market estimates and forecast, by product, 2018 - 2032
- 8.6.5.4 Market estimates and forecast, by application, 2018 - 2032
- 8.5.6 UAE
- 8.6.6.1 Market estimates and forecast, 2018 - 2032
- 8.6.6.2 Market estimates and forecast, by type, 2018 - 2032
- 8.6.6.3 Market estimates and forecast, by product, 2018 - 2032
- 8.6.6.4 Market estimates and forecast, by application, 2018 - 2032
- 8.5.7 South Africa
- 8.6.7.1 Market estimates and forecast, 2018 - 2032
- 8.6.7.2 Market estimates and forecast, by type, 2018 - 2032
- 8.6.7.3 Market estimates and forecast, by product, 2018 - 2032
- 8.6.7.4 Market estimates and forecast, by application, 2018 - 2032
Chapter 9 Company Profiles
- 9.1 Evonik Industries
- 9.1.1 Business overview
- 9.1.2 Financial Data
- 9.1.3 Product landscape
- 9.1.4 SWOT analysis
- 9.2 Arkema SA
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Product landscape
- 9.2.4 SWOT analysis
- 9.3 Mitsubishi Rayon Corp
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT analysis
- 9.4 Altuglas International Sas
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 SWOT analysis
- 9.5 Kuraray Group
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT analysis
- 9.6 Asahi Kesei Corp
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 SWOT analysis
- 9.9 Sumitomo Chemical Co., Ltd
- 9.9.1 Business overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 SWOT analysis
- 9.8 Sabic
- 9.8.1 Business overview
- 9.8.2 Financial data
- 9.8.3 Product landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT analysis
- 9.9 Makevale Group
- 9.9.1 Business Overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 SWOT analysis
- 9.10 RTP Company
- 9.10.1 Business overview
- 9.10.2 Financial data
- 9.10.3 Product landscape
- 9.10.4 SWOT analysis