The global methyl methacrylate (MMA) market was valued at US$ 7,191.1 million in 2018, according to Methyl Methacrylate (MMA) Market Report, by Application (Polymethyl Methacrylate (PMMA), Surface Coating, and Others), by End-use Industry (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by . The global methyl methacrylate (MMA) market is projected to reach US$ 10,640.2 million by 2027, exhibiting a CAGR of 4.5% during the forecast period (2019-2027). Factors such as emergence of bio-based MMA products coupled with increasing demand for MMA in the automotive, construction, aerospace, and electronics industries is expected to boost growth of the methyl methacrylate market over the forecast period. Furthermore, the demand for specialty MMA products that include optical grade plexiglass, compact disk plexiglass, and radiation shielding plexiglass is witnessing significant increase as MMA is a better solution to transparent glass. PMMA liquid membrane roofing systems are used in a wide range of applications including plaza decks, garden roofs, small roofs, and irregular shaped roofs. According to the Institution of Civil Engineers, the global construction market is expected to reach US$ 8 trillion by 2030, driven by China, the U.S., and India. Therefore, significant growth in the construction sector is expected to increase demand for MMA-based products in the construction industry. However, adverse effects of MMA on human health is a major factor restraining growth of the market. MMA is highly flammable. Long-term or repeated exposure to MMA may cause skin sensitization and asthma and may have effects on the nervous system. Methyl methacrylate monomer may cause transient nausea when inhaled in large quantities, possibly by central depression of gastric motor function. These factors are expected to negatively affect adoption of MMA-based products, which in turn is expected to hamper growth of the market over the forecast period. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/methyl-methacrylate-mma-market-569 Browse 112 market data tables* and 20 figures* on "Methyl Methacrylate (MMA) Market” - Global forecast to 2027. Key Takeaways of the Market:
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