| Product Code: ETC5308187 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to see significant imports of polymethyl methacrylate with top exporting countries being Greece, Germany, USA, Spain, and China. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition. The compound annual growth rate (CAGR) from 2020 to 2024 was negative at -2.52%, and the growth rate from 2023 to 2024 experienced a substantial decline of -20.91%. These figures suggest a challenging market environment for polymethyl methacrylate imports in Cyprus.

By 2027, the Polymethyl Methacrylate market in Cyprus is anticipated to reach a growth rate of 1.65%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

The Polymethyl Methacrylate (PMMA) market in Cyprus is significant for its applications in glazing, signage, and lighting. PMMA is known for its transparency and weather resistance, making it a popular choice in various industries. The market is characterized by increasing demand for high-quality and durable materials. As industries seek innovative solutions for design and functionality, the PMMA market is expected to expand.
The polymethyl methacrylate (PMMA) market in Cyprus is influenced by the rising demand for transparent and lightweight materials in various applications, including automotive, electronics, and construction. As manufacturers seek to replace traditional glass with more versatile alternatives, PMMA is gaining traction due to its excellent optical properties and impact resistance. The expansion of the automotive and consumer goods sectors further stimulates demand for PMMA.
In the polymethyl methacrylate (PMMA) market, Cyprus faces challenges related to raw material sourcing and environmental concerns. Fluctuations in the availability and pricing of raw materials can complicate production planning and profitability. Furthermore, increasing regulatory scrutiny regarding the environmental impact of PMMA necessitates ongoing investments in sustainable production practices. Competition from alternative transparent materials can also pressure pricing and market share, complicating market dynamics.
The government supports the polymethyl methacrylate market by promoting local production and innovation in high-performance materials for various applications, including signage and construction. Policies emphasize sustainability and efficiency in production processes, providing funding for research into advanced formulations and eco-friendly alternatives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Polymethyl Methacrylate Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Polymethyl Methacrylate Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Polymethyl Methacrylate Market - Industry Life Cycle |
3.4 Cyprus Polymethyl Methacrylate Market - Porter's Five Forces |
3.5 Cyprus Polymethyl Methacrylate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Cyprus Polymethyl Methacrylate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Cyprus Polymethyl Methacrylate Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Cyprus Polymethyl Methacrylate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Polymethyl Methacrylate Market Trends |
6 Cyprus Polymethyl Methacrylate Market Segmentations |
6.1 Cyprus Polymethyl Methacrylate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Extruded sheet, 2021-2031F |
6.1.3 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Cast acrylic sheet, 2021-2031F |
6.1.4 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Pellets, 2021-2031F |
6.1.5 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Beads, 2021-2031F |
6.1.6 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Polymethyl Methacrylate Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By General purpose grade, 2021-2031F |
6.2.3 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Optical grade, 2021-2031F |
6.3 Cyprus Polymethyl Methacrylate Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Signs & displays, 2021-2031F |
6.3.3 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Lighting Fixtures, 2021-2031F |
6.3.6 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.7 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Marine, 2021-2031F |
6.3.8 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.9 Cyprus Polymethyl Methacrylate Market Revenues & Volume, By Agriculture, 2021-2031F |
7 Cyprus Polymethyl Methacrylate Market Import-Export Trade Statistics |
7.1 Cyprus Polymethyl Methacrylate Market Export to Major Countries |
7.2 Cyprus Polymethyl Methacrylate Market Imports from Major Countries |
8 Cyprus Polymethyl Methacrylate Market Key Performance Indicators |
9 Cyprus Polymethyl Methacrylate Market - Opportunity Assessment |
9.1 Cyprus Polymethyl Methacrylate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Cyprus Polymethyl Methacrylate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Cyprus Polymethyl Methacrylate Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Cyprus Polymethyl Methacrylate Market - Competitive Landscape |
10.1 Cyprus Polymethyl Methacrylate Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Polymethyl Methacrylate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |