UAE Bio-based PMMA Market Outlook

the bio-based polymethylmethacrylate (pmma) market in uae is expected to witness significant growth over the forecast period of 2018 to 2032. the environmental concerns associated with the production of bio-based pmma and the increasing adoption of the innovative and sustainable technology will be the primary drivers behind the growth of this market during the forecast period. apart from the environment related benefits, the production of bio-based pmma offers a range of advantages as compared to the conventional pmma options. it offers superior scratch resistance, excellent uv protection, improved flexibility, and better material strength in comparison to conventional pmma’s. in addition, the bio-based pmma is definitely an excellent substitute for plastic based packaging used in the fmcg sector in uae. this is because this material is sustainable, recyclable, and also offers considerable cost benefits when compared to traditional, petroleum alternatives. the market for bio-based pmma in uae also has a few restraints, as it is still in its nascent stages compared to conventional pmma’s. as the manufacturers are still at the r&d phases for the further development of the product, there is still a lack of awareness about this product in the country. this can be attributed to the high rates of price differential between conventional and bio-based pmma’s. this significantly affects the demand for this product in the region. despite all this, there are still a few driving forces behind the growth of the biobased pmma market in uae. this includes the supportive government policies, the increasing investments in research and development for the betterment of the product, and the availability of technologically advanced biological resources in the country. all these factors can positively contribute to this market. in conclusion, the bio-based pmma market in uae is expected to remain a niche market with strong growth prospects during the forecast period of 2018 to 2032. this market is likely to be further fuelled by the increasing environmental concerns, the rising demand for plastic based packaging in the fmcg sector, and the supportive government policies in the country. thus, by 2032, this market has huge potential in terms of future growth.