The market size of MMA adhesives is estimated at USD 1.09 billion in 2018 and is projected to reach USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight, crash-resistant, and fuel-efficient vehicles; growing demand in the automotive and marine industries, superior quality and performance of MMA adhesives, and increasing awareness about the advantages of adhesives over conventional techniques are driving the Methyl Methacrylate Adhesives Market, globally. Companies are developing primer-less MMA adhesives. These adhesives require minimal surface cleaning of the substrates to be bonded and exhibit high toughness in all assembled parts with high gap-filling capabilities.
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The high performance, fatigue resistance, and strength; ability to eliminate the need of a primer for metal surfaces; improved aesthetics while maintaining design; and increased efficiency by reducing costs of total component manufacturing and production speed are factors increasing the demand for MMA adhesives in various end-use industries. These adhesives can also be used to bond a wide range of dissimilar substrates such as plastics, composites, ceramics, glass, metals, wood, and magnets, thereby driving the MMA adhesives market.
Composite is the fastest-growing substrate owing to the growing demand for MMA adhesives for bonding composite components, such as deflectors, bumpers, roofs, composite tanks, blades, car seats, interior body panel structures, and instrument panels of trucks, cars, rails, buses, and tanks. For instance, components such as front and rear end caps, roofs, rear bumpers, floor panels, and luggage door frames of a truck fabricated from either SMC or FRP can be bonded using MMA adhesives.
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Automotive & transportation is the fastest-growing end-use industry of MMA adhesives. This is due to the increasing penetration of MMA adhesives as a technology for bonding composites to metals and metals to metal components. Also, several leading manufacturers of commercial vehicles such as Siemens, Maxitrans, Bombardier, NAIB, Optare, Casalini, Leisure Travel Vans Ltd., Volvo, and Virgin have begun the use of structural adhesives for bonding several components.
APAC is the fastest-growing MMA adhesives market. In this region, the market is mainly driven by the demand from the automotive & transportation, wind energy, and marine end-use industries. Government investments in APAC along with economic contraction and saturation in the European and North American markets are also driving the market. In APAC, the market in China is expected to grow rapidly due to new capacity additions and government investments. The consumer awareness regarding adhesives over conventional techniques contributes to the rising demand for MMA adhesives. Several leading players, such as ITW, SCIGRIP, Scott Bader, Henkel, and Lord Corporation, are continuously developing innovative products according to the need of the end-use industries, thereby increasing the use of MMA adhesives in various applications such as solar boats, wind blades, trucks, and cars. New product launch was the key strategy adopted by several manufacturers of MMA adhesives.
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The key players in the market include Illinois Tool Works Inc. (US), Arkema (France), SCIGRIP (UK), Scott Bader (UK), Lord Corporation (US), Henkel (Germany), Permabond LLC (US), Parsons Adhesive Inc. (US), Huntsman Corporation (US), and 3M (US). The MMA adhesives market report analyzes the key growth strategies adopted by leading market players, between 2014 and 2018, which include new product launch, investment & expansion, and merger & acquisition.
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The Methyl Methacrylate (MMA) Adhesives report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/67662/global-methyl-methacrylate-adhesives-2021-325Segment by Type:Composite SubstratesPlastic SubstratesMetal SubstratesOthersSegment by Application:Automotive & TransportationGeneral AssemblyBuilding & ConstructionEnergy & PowerOthersBy Company:H.B.
FullerHenkelITW3MArkemaHuntsmanSikaPermabondSCIGRIP (IPS Corporation)Scott BaderLord CorporationVibra-Tite (ND Industries)Parson AdhesivesKisling AGDelo Industrial AdhesivesChemique Adhesives & SealantsProduction by Region:North AmericaEuropeChinaJapanConsumption by Region:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaUAEGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/67662/global-methyl-methacrylate-adhesives-2021-325CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
Methyl Methacrylate Adhesives Market report provides complete background analysis of the Chemical and Materials industry which includes an assessment of the parental market.
By thinking from customer point of view, a team of researchers, analysts and industry experts work carefully to generate this Methyl Methacrylate Adhesives Market research report.
A high quality global market research is brought together for the success of your business at international level.
Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors.
Besides, this Methyl Methacrylate Adhesives Market research report makes clients aware about the various strategies that are used by key players of the market.Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-methyl-methacrylate-adhesives-marketMarket Drivers:Increased levels of demand from the various end-users due to the added benefits related to the usage is expected to act as a driver for the market growthHigh levels of demand for lightweight and environmental-friendly vehicles is also expected to act as a driver for the market growthMarket Restraints:Fluctuations and vulnerable nature of raw material prices is expected to act as a restraint to the market growthKey Developments in the Market:In October 2017, H.B.
Fuller Company announced they had completed the acquisition of Royal Adhesives & Sealants.In February 2015, Arkema announced that they had completed the acquisition of Bostik and with this acquisition Arkema enhances its product expertise and is expected to become a global leader of chemicals and additivesFocus of the reportCAGR values in the market for the forecast periodKey trends in the market placeMajor players and brandsHistorical and current market size and projection up to 2026.Detailed overview of parent marketChanging market dynamics of the industryHave Any Query?
