This overview looks critically at the present prospects and future challenges in development of polyethyl methacrylate (PEMA) and its composites. It is shown herein to be a promising candidate for various applications, including energy storage, textile, electronics, biomedical, packaging, coatings and adhesives, etc. Due to its high ionic conductivity, thermal stability, and low cost of synthesis, PEMA is also used as a solid electrolyte in supercapacitors. This polymer has the ability to transport ions efficiently between the two electrodes of the supercapacitor, thereby leading to improved performance and efficiency. Additionally, PEMA can withstand high temperatures without breaking down, thus making it suitable for a range of applications. Further, it is shown due to its unique properties and versatility, PEMA has significant potential for a range of biomedical applications. This review of existing literature strongly suggests that the use of PEMA as a solid electrolyte in supercapacitors can be of significant potential for advancing energy storage technology. It also warrants further research to optimize its use in many other challenging practical applications.