According to the report titled ‘Global Polymethyl Methacrylate Market Size study with COVID-19 Impact, by Product Type (Extruded Sheets, Pellets, Acrylic Beads, Others), by End-Use (Automotive, Construction, Electronics, Signs & Displays, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global polymethyl methacrylate market was worth USD 6.2 billion in 2019 and is expected to expand with a CAGR of 8.4% during 2020-2027.
 

Innovation and introduction of various types of displays, signs and lighting leading to rapid digitalization is primarily driving the growth of global polymethyl methacrylate market.
 

Notably, polymethyl methacrylate possess properties such as excellent abrasion resistance, durability, thermal resistance, and low smoke emission. It is widely used across several sectors like signs & displays, electronics, construction, automotive, and many more, hence stimulating global polymethyl methacrylate market trends.
 

As an alternative to glass in aircraft canopies and shatterproof windows, manufacturers are preferring polymethyl methacrylate as it is 40% lighter with greater rigidity, transparency, and resilience than glass. On account of its low smoke emission property, there is an escalating demand for sustainable polymers supported by government norms, propelling global polymethyl methacrylate market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2706253/
 

Extensive usage of polymethyl methacrylate in LED flat screen like music player, television, smartphones, and tablets is boosting the product demand. Adoption of LED for interior lighting in vehicles is driving global polymethyl methacrylate industry expansion.
 

Manufacturing industries are experiencing disruption in supply and demand due to the COVID-19 outbreak, hampering global polymethyl methacrylate market forecasts. Besides, lack of raw materials for polymethyl methacrylate production will also act as a restraining factor for the industry expansion over the analysis period.
 

Citing the regional landscape, worldwide polymethyl methacrylate market is segmented into Latin America, Asia Pacific, Europe, North America, and Rest of the World. The report claims that Asia Pacific currently accounts for considerable market share and is expected to expand further over the assessment period. The regional growth is credited to high investments for production of electrical devices and electronics, rising income levels, and increasing number of market players in the region.
 

Leading organizations impacting global polymethyl methacrylate market dynamics are The Dow Chemical Company, Kuraray Co. Ltd., LG MMA Corp., Shanghai Jing Qi Polymer Science Co. Ltd., Polycasa N.V., Makevale Group Ltd., Asahi Kasei Corporation, Chi Mei Corporation, Sumitomo Chemical Co. Ltd., Mitsubishi Rayon America Inc., and Evonik Industries AG.