| Product Code: ETC4503625 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s import shipments of Polymethyl Methacrylate (PMMA) in 2024 saw significant growth, with top exporting countries including South Korea, Taiwan, Thailand, Malaysia, and Saudi Arabia. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating a dominating presence of a few key suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 17.68%, while the growth rate from 2023 to 2024 was recorded at 17.25%, highlighting a robust expansion in demand for PMMA in India`s market.

Polymethyl methacrylate (PMMA) is a transparent thermoplastic with various applications, including signage, automotive, and architectural glazing. The India PMMA market is expanding as the demand for lightweight, shatter-resistant materials grows. The versatility of PMMA in design and construction contributes to its market growth.
The Polymethyl Methacrylate (PMMA) market in India is witnessing significant growth driven by multiple factors. PMMA, a transparent thermoplastic, is widely used in applications ranging from signage and automotive components to optical lenses and interior design. The booming construction and real estate sectors in India are creating substantial demand for PMMA in architectural applications, where its optical clarity and weather resistance are highly valued. Additionally, the automotive industry is increasingly adopting PMMA for lightweight and aesthetically pleasing components. The market is also benefiting from the growing popularity of acrylic-based furniture and interior design elements. With a focus on sustainability and aesthetics, the demand for PMMA is expected to continue its upward trajectory in India.
In the India Polymethyl Methacrylate (PMMA) Market, challenges include product differentiation and market competition. PMMA is a widely used material in various applications, and standing out in a crowded market can be difficult. Additionally, maintaining consistent optical and mechanical properties across large-scale production is crucial but can be complex. Market volatility due to raw material price fluctuations and the influence of global demand also pose challenges.
The India Polymethyl Methacrylate (PMMA) market was affected by the pandemic as the construction and automotive sectors faced challenges. As these industries rebound, the market is likely to regain its growth momentum.
The India PMMA market features significant contributors such as Arkema, Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd., and LG MMA.
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 India Polymethyl Methacrylate (PMMA) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, 2021 & 2031F |
3.3 India Polymethyl Methacrylate (PMMA) Market - Industry Life Cycle |
3.4 India Polymethyl Methacrylate (PMMA) Market - Porter's Five Forces |
3.5 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.7 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 India Polymethyl Methacrylate (PMMA) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries |
4.2.2 Growing construction and automotive industries in India |
4.2.3 Rising awareness about the benefits of polymethyl methacrylate (PMMA) over traditional materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of PMMA |
4.3.2 Stringent environmental regulations impacting production processes |
4.3.3 Availability of substitutes such as polycarbonate affecting market demand |
5 India Polymethyl Methacrylate (PMMA) Market Trends |
6 India Polymethyl Methacrylate (PMMA) Market, By Types |
6.1 India Polymethyl Methacrylate (PMMA) Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By General purpose grade, 2021-2031F |
6.1.4 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Optical grade, 2021-2031F |
6.2 India Polymethyl Methacrylate (PMMA) Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Signs & displays, 2021-2031F |
6.2.3 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.4 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Lighting Fixtures, 2021-2031F |
6.2.6 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.7 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3 India Polymethyl Methacrylate (PMMA) Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Extruded sheet, 2021-2031F |
6.3.3 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Cast acrylic sheet, 2021-2031F |
6.3.4 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Pellets, 2021-2031F |
6.3.5 India Polymethyl Methacrylate (PMMA) Market Revenues & Volume, By Beads, 2021-2031F |
7 India Polymethyl Methacrylate (PMMA) Market Import-Export Trade Statistics |
7.1 India Polymethyl Methacrylate (PMMA) Market Export to Major Countries |
7.2 India Polymethyl Methacrylate (PMMA) Market Imports from Major Countries |
8 India Polymethyl Methacrylate (PMMA) Market Key Performance Indicators |
8.1 Adoption rate of PMMA in new applications across industries |
8.2 Investment in research and development for PMMA innovations and applications |
8.3 Number of collaborations and partnerships within the PMMA industry for technology advancement |
9 India Polymethyl Methacrylate (PMMA) Market - Opportunity Assessment |
9.1 India Polymethyl Methacrylate (PMMA) Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 India Polymethyl Methacrylate (PMMA) Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.3 India Polymethyl Methacrylate (PMMA) Market Opportunity Assessment, By Form, 2021 & 2031F |
10 India Polymethyl Methacrylate (PMMA) Market - Competitive Landscape |
10.1 India Polymethyl Methacrylate (PMMA) Market Revenue Share, By Companies, 2024 |
10.2 India Polymethyl Methacrylate (PMMA) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |