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📦 Poly(methyl methacrylate)

Poly(methyl methacrylate)

HS Code:

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Overview

Poly(methyl methacrylate) (PMMA), classified under HS Code 3917.29, is a transparent thermoplastic often used as a lightweight or shatter-resistant alternative to glass. Commonly known as acrylic or acrylic glass, PMMA is widely utilized in various applications, including automotive parts, signage, medical devices, and construction materials. Its properties such as high clarity, weather resistance, and ease of fabrication make it a valuable material in industries requiring durable and aesthetically pleasing solutions.

Total Trade Volume

USD 3.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

6.5%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-Japan EPA)

Common Restrictions

  • Import quotas in select markets
  • Anti-dumping duties in regions suspecting price undercutting
  • Quality and safety certifications required for medical-grade PMMA

Market Trends

Growing demand in automotive sector

Increased use of PMMA in lightweight vehicle components to improve fuel efficiency and reduce emissions

2021-2023

Rise in sustainable production methods

Manufacturers are adopting bio-based PMMA to meet environmental regulations and consumer demand for eco-friendly materials

2022-2023

Expansion in medical applications

Higher demand for PMMA in dental and orthopedic applications due to biocompatibility and durability

2020-2023

Recent Developments

EU Imposes Anti-Dumping Duties on Chinese PMMA

The European Union introduced provisional anti-dumping duties on PMMA imports from China to protect domestic manufacturers from unfairly priced goods.

March 2023

Potential increase in PMMA prices in the EU market and shift in trade flows toward other suppliers like South Korea and Japan.

Breakthrough in Recyclable PMMA

A leading chemical company announced a new process for recycling PMMA, which could significantly reduce waste and production costs.

July 2023

Encourages adoption of circular economy practices in the industry, potentially influencing trade by prioritizing recycled PMMA.

US-China Trade Agreement Update

Negotiations between the US and China included discussions on reducing tariffs on industrial plastics like PMMA as part of broader trade talks.

September 2023

If finalized, this could boost trade volumes between the two countries and lower costs for US manufacturers.