US Bio-based PMMA Market Outlook

the united states bio-based polymethylmethacrylate (pmma) market has seen an incredible growth over the past decade. pmma has seen a significant adoption in healthcare, automotive, electronics, and construction sectors as a result of its superior properties. u.s. bio-based pmma market is expected to registered an impressive cagr in the forecasted from 2018-2032. the high durability and corrosion-resistant properties are major drivers for pmma market growth. stringent environmental regulations have forced many sectors to switch to bio-based options in order to become environmentally friendly, which, in turn, drives the market growth. the market is also driven by increasing demand from the healthcare applications. pmma is being used for medical implants, eyeglass lenses and facial implants. the market is, however, hindered by its relatively high cost. this makes it difficult for small players to compete and limits wider adoption. also, pmma is extremely prone to uv radiation which makes it challenging to use in applications where it is expected to be exposed to direct sunlight. to address this issue, companies have developed photo-stable pmma which exhibits resistance to uv radiation. going forward, the u.s. bio-based pmma market is likely to witness positive growth in the next few years. the growing emphasis on sustainability and industry 4.0 are expected to boost the demand for pmma. companies are also likely to continue investing in research and development to create new products and improved formulation of existing ones. developing countries for healthcare infrastructure, automotive, and electronics industry are likely to provide significant opportunities for the market.