Global MS Polymer Adhesives Market Size By Application (Automotive and Transportation, Building and Construction), By Type (Adhesive, Sealants), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
MS Polymer Adhesives Market size was valued at USD 5.21 Billion in 2024 and is projected to reach USD 7.51 Billion by 2031, growing at a CAGR of 6.1% from 2024 to 2031.
The increasing demand for strong adhesives across various industries in the market and the lack of adhesives with equal or superior strength are some of the factors anticipated to foster market growth during the forecast period. The Global MS Polymer Adhesives Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global MS Polymer Adhesives Market Definition
MS Polymer Adhesive? Think of it as a super-powered synthetic glue made up of long chains called polymers! A polymer is basically just lots of tiny pieces linked together. This stuff is way stronger and more durable than your average adhesive. It sticks to all sorts of things and gets going when it meets a catalyst, usually just moisture in the air! You'll find it popping up everywhere, from the automotive industry to construction, aviation, and even your weekend home DIY projects. It comes in forms like urethanes, epoxies, resins, cyanoacrylates, and methacrylate. Each one has its own special powers, making them perfect for different jobs. For example, urethanes are tough against oils and chemicals, so they're used everywhere. And epoxies? They're in your hot glue sticks and are essential for the electronic industry.
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Global MS Polymer Adhesives Market Overview
The increasing demand for strong adhesives across various industries in the market and the lack of adhesives with equal or superior strength are some of the major factors driving the market. These adhesives provide excellent strength and dry relatively quickly. As a result, they are increasingly being used in the construction and electronics industries. They don’t even stain the surface and therefore they are also being used for decoration and granite sealing. Owing to their excellent adhesive properties, they can be used on a wide variety of surfaces, whether dry or wet.
These adhesives have the ability to bond and cure even underwater. Technological advancements and continuous R&D have led to the development of environment-friendly polymer adhesives. They are odourless and non-hazardous because they don’t contain any solvents. Therefore, these environment-friendly adhesives can be used for kitchens. Moreover, environmental rules and regulations put forth by many countries will compel the demand for environment-friendly variants of polymer adhesives. These factors are expected to drive the market.
However, the lack of acceptance of MS Polymer Adhesives can act as a market restraint. This lack of acceptance can be attributed to low awareness about polymer adhesives among end users. Another factor contributing to the lack of awareness of MS Polymer Adhesive can be low availability of such products in the market. As a result of low awareness and limited availability, a huge chunk of market might not have had an opportunity to put to use these adhesives and therefore, they might be oblivious to its properties and benefits.
Global MS Polymer Adhesives MarketSegmentation Analysis
The Global MS Polymer Adhesives Market is segmented based on Application, Type, and Geography.
MS Polymer Adhesives Market, By Application
Automotive and Transportation
Building and Construction
Industrial Assembly
Based on Application, the market is bifurcated into Automotive and Transportation, Building and Construction and Industrial Assembly segments. The Building and Construction segment accounted for the highest market share. This can be attributed to the development of skyscrapers and multi storied buildings. The high strength and resistance of Polymer Adhesive is expected to drive the market furthermore.
MS Polymer Adhesives Market, By Type
Adhesive
Sealants
Based on Type, the market is segmented into Adhesives and Sealants. The demand for hybrid sealants for different industries is driving the market. The adhesives are further divided into urethanes, epoxies, resins, cyanoacrylates, and methacrylate.
MS Polymer Adhesives Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Geography, the Global MS Polymer Adhesives Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific region is expected to account for the highest market share and also the fastest growing market. This can be attributed to the economic development of countries like India, China and Japan. This has resulted in the construction of newer buildings in the region.
Key Players
The “Global MS Polymer Adhesives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Henkel Ag, Sika Ag, Arkema, 3M Company, Wacker Chemie Ag, H.B. Fuller, Tremco Illbruck GmbH & Co. Kg., Hermann Otto GmbH, Soudal Group, and Mapei S.P.A.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Henkel Ag, Sika Ag, Arkema, 3M Company, Wacker Chemie Ag, H.B. Fuller, Tremco Illbruck GmbH & Co. Kg., Hermann Otto GmbH, Soudal Group, and Mapei S.P.A.
SEGMENTS COVERED
By Application
By Type
By Geography
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dive deep into the market using both qualitative and quantitative methods, slicing it up by economic factors and, well, everything else! We'll give you the market value in good old (USD Billion) for each piece of the pie. You'll discover which regions and segments are set to explode with growth and which ones are already on top. Get ready for a geographical breakdown, showcasing product/service consumption and the forces at play in each area. Our competitive landscape section ranks the big players, plus we cover all the juicy stuff like new service/product launches, partnerships, expansions, and acquisitions from the last five years. We've got extensive company profiles with overviews, insights, product comparisons, and even SWOT analyses for the key market contenders. See the present and future of the industry crystal clearly, with a focus on recent happenings, growth opportunities, drivers, and the challenges holding back both rising stars and established markets. We're also throwing in a deep dive using Porter's five forces to give you a well-rounded perspective and a peek into the Value Chain. Finally, we'll explore the market's dynamics and pinpoint those future growth opportunities. Oh, and did we mention 6 months of analyst support after the sale?
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