Methyl Methacrylate Adhesive Market: By Type (Plastics, Metals, Composites); By Application (Commercial Vehicle, Marine, Wind Energy, Construction, others); & By Geography — Forecast(2018–2023)
MMA Adhesives Market Overview:
There are numerous types of adhesives present in the market that are used for various applications. Structural adhesives are designed to join two surfaces to form part of a load-bearing structure. The most widely used structural adhesives are epoxies and polyurethanes; cyanoacrylates, and certain urethanes and acrylic adhesives. Methyl Methacrylate Adhesives (MMA) are a class of structural adhesives that is a relatively newer technology, and as such, their properties and benefits are not widely understood in the end user industries. End user industries of MMA Adhesives include commercial vehicles, marine, wind energy, construction, and others. The usage of MMA Adhesives in the wind energy sector has made prospects high for this market. MMA Adhesives market is estimated to grow at a CAGR of 5.39% during the forecast period 2018–2023. APAC is forecast to have the highest CAGR of 6.34%.
MMA Adhesives Market Outlook
Methyl methacrylate adhesives are high performance adhesives used to make laminated woods for decks, walls, roofs and other building applications, as well as in other products where there is a requirement for strong bonding with a variety of substrates such as concrete or wood. Increasing governmental spending on public infrastructure and commercial buildings is projected to drive the demand for methyl methacrylate adhesives in construction applications such as fast turnaround flooring, roofing, and wall coverings.
MMA Adhesives Market Growth Drivers
Methyl methacrylate adhesives deliver high strength and is temperature resistant. They also reduce the noise of wind turbines and blades. These adhesives are used in automotive applications to provide superior grip between distinct substrates such as steel and plastics. They are used in doors, window glass attachments, brakes, clutch plates, and many more. The growing demand for passenger cars in developing countries such as China and India is expected to impact the methyl methacrylate adhesives market growth.
MMA Adhesives Market Challenges
Strict regulations govern all materials used in aircraft interiors. The other added challenge with regulations and approvals is that they are constantly changing, and becoming ever severer.
MMA Adhesives Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the MMA Adhesives market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of MMA Adhesives, and their specific applications in different types of vehicles.
MMA Adhesives Report: Industry Coverage
MMA Adhesives Types: Plastics, Metals, Composites
Applications area of MMA Adhesives: Commercial Vehicle, Marine, Wind Energy, Construction among others
The MMA Adhesives report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- Europe: The U.K., Germany, France, , Russia, Italy, Spain, Rest of Europe
- APAC: China, Japan, Australia, South Korea, India, Rest of APAC
- Rest of the World: Middle East and Africa, South America, South America
MMA Adhesives Market Key Players Perspective
Arkema Group, Henkel AG & CO. KGaA, Huntsman International LLC, 3M Company, and DowDuPont are the major players in this market
Some of the other key players mentioned in this report include Sika AG, Permabond LLC, and Arkema S.A.
MMA Adhesives Trends
- Arkema group has acquired Bostik, which is third largest adhesives manufacturer worldwide, generating approximately €1.53 billion in sales on an annual basis. With this acquisition, Arkema can accelerate expansion in high performance materials, reinforce earning stability, and enhance its market-driven approach through long-term partnerships, unique technologies and geographical footprint.
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