HS Code:
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
USD 850 million
26.6% of total trade of total trade
Increasing
USD 620 million
19.4% of total trade of total trade
Stable
USD 480 million
15.0% of total trade of total trade
Increasing
USD 350 million
10.9% of total trade of total trade
Stable
USD 280 million
8.8% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
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
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.
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.
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.