Polymethyl Methacrylate Market Overview and Forecasts, 2012 to 2020

Global PMMA market is expected to witness significant growth over the next six years owing to increasing demand in electronics, automotive and signs & display applications. PMMA is widely used in LED and flat panel televisions as a light guide for the backlights of television. Its superior light transmittance compared to other polymers makes it an ideal compound in televisions which is expected to fuel its demand in electronics applications. Increasing penetration of PMMA in medical devices market as an alternative to other medical polymers such as PVC and polypropylene owing to health hazards and low biocompatibility is expected to fuel the market growth over the next six years. Growing concerns regarding the presence of phthalate plasticizers in PVC has been a major factor for the growing importance for PMMA in medical devices.