India Polymethyl Methacrylate (PMMA) Market (2025-2031) Outlook | Revenue, Share, Industry, Analysis, Size, Trends, Value, Growth, Forecast & Companies

Market Forecast By Grade (General purpose grade, Optical grade), By End-use Industry (Signs & displays, Consumer Goods, Automotive, Lighting Fixtures, Electronics, Healthcare, Agriculture), By Form (Extruded sheet, Cast acrylic sheet, Pellets, Beads) And Competitive Landscape
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 Polymethyl Methacrylate (Pmma) Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

India Polymethyl Methacrylate (Pmma) Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Polymethyl Methacrylate (PMMA) Market Overview

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.

Drivers of the Market

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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

The India PMMA market features significant contributors such as Arkema, Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd., and LG MMA.

Key Highlights of the Report:

  • India Polymethyl Methacrylate (PMMA) Market Outlook
  • Market Size of India Polymethyl Methacrylate (PMMA) Market, 2024
  • Forecast of India Polymethyl Methacrylate (PMMA) Market, 2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Revenues & Volume for the Period 2021-2031
  • India Polymethyl Methacrylate (PMMA) Market Trend Evolution
  • India Polymethyl Methacrylate (PMMA) Market Drivers and Challenges
  • India Polymethyl Methacrylate (PMMA) Price Trends
  • India Polymethyl Methacrylate (PMMA) Porter's Five Forces
  • India Polymethyl Methacrylate (PMMA) Industry Life Cycle
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Grade for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By General purpose grade for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Optical grade for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By End-use Industry for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Signs & displays for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Consumer Goods for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Automotive for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Lighting Fixtures for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Electronics for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Healthcare for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Agriculture for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Form for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Extruded sheet for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Cast acrylic sheet for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Pellets for the Period 2021-2031
  • Historical Data and Forecast of India Polymethyl Methacrylate (PMMA) Market Revenues & Volume By Beads for the Period 2021-2031
  • India Polymethyl Methacrylate (PMMA) Import Export Trade Statistics
  • Market Opportunity Assessment By Grade
  • Market Opportunity Assessment By End-use Industry
  • Market Opportunity Assessment By Form
  • India Polymethyl Methacrylate (PMMA) Top Companies Market Share
  • India Polymethyl Methacrylate (PMMA) Competitive Benchmarking By Technical and Operational Parameters
  • India Polymethyl Methacrylate (PMMA) Company Profiles
  • India Polymethyl Methacrylate (PMMA) Key Strategic Recommendations

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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

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