During the projects period, the global methyl methacrylate adhesives market is expects to grow at a CAGR of more than 7%. The increasing need for lightweight and streamline solutions, as well as increase compatibility with metals and other specific substrates, are driving the market research. The high cost of MMA adhesives, on the other hand, is projects to limit the market’s expansion.
The transportation category dominate the market among end users, and it is predicter to rise over the forecast period, owing to increase automobile production and transportation infrastructure, as well as rising demand for mobility due to the growing population.
Future growth in the use of MMA adhesives in transportation, aerospace, and construction applications is projects to be a market potential.
Asia-Pacific dominate the global market, with China, India, and Indonesia accounting for the majority of consumption.
Research Methodology –
Our research methodology constitutes a mix of secondary & primary research which ideally starts from exhaustive data mining, conducting primary interviews (suppliers/distributors/end-users), and formulating insights, estimates, growth rates accordingly. Final primary validation is a mandate to confirm our research findings with Key Opinion Leaders (Kloss), Industry Experts, Methyl Methacrylate (MMA) Adhesives includes major supplies & Independent Consultants among others
Market Research Scope –
The study’s base year is 2017, with projections out to 2023. The report examines the competitive environment in depth, taking into account the market shares of the top firms. It also contains data on unit shipments. These provide the vital business intelligence to major industry participants and help them understand the future of the MMA Adhesives market.
The evaluation contains a forecast, a summary of the competitive structure, competitor market shares, market trends, market demands, market drivers, market challenges, and product analysis. The influence of market drivers and restraints has been calculate for the projection period. This research goes on to outline the key development possibilities as well as the key obstacles and potential threats. The varieties of MMA Adhesives and their unique uses in various types of vehicles are among the primary areas of focus.
Reports Highlights –
CAGR of the market during the forecast period 2019-2023
Detaille information on factors that will accelerate the growth of the methyl methacrylate adhesives market during the next five years
Precise estimation of the global methyl methacrylate adhesives market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the industry across APAC, Europe, North America, South America, Middle East and Africa
A thorough analysis of the market’s competitive landscape and detail information on several vendors
Comprehensive details of factors that will challenge the growth of the companies
Market Summary –
Methyl Methacrylate is expected to increase at a 5.2 percent annual rate from 2020 to 2028, reaching USD 13.34 billion. The methyl ester of methacrylic acid, Methyl Methacrylate, is a clear, colorless, extremely flammable, slightly water-soluble industrial and commercial chemical. This chemical compound is also known as methacrylic acid methyl ester. Methyl methacrylate is primarily employed in the production of Polymethyl Methacrylate (PMMA) surface coatings and impact modifiers for transparent rigid polyvinyl chloride, as well as in the formulation of different chemical processes.
Methacrylate-butadiene-styrene (MBS) resins are utilized as an impact modifier for certain of its chemical applications, such as transparent glass products, paper coating, and surface coating. Methyl methacrylate, on the other hand, is widely utilized in industrial applications such as food packaging adhesives, thin-film transistors in LCD screens, textile and leather finishing agents, and construction adhesives.
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Key players –
Illinois Tool Works
Scott Bader Company
By Product –
By Application –
Geographic Region –
The Middle East and Africa