Methyl Methacrylate (MMA) Adhesives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Substrate (Composites, Plastics, Metals, Others), By End-User Industry (Aerospace, Transportation, Building & Construction, Marine, Wind Energy, Others), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615264
- Pages : 145
Methyl Methacrylate (MMA) adhesive is a type of strong and durable structural adhesive that is used in various industrial applications. MMA adhesives are made up of two components: a liquid resin and a hardener. When these two components are mixed, they chemically react to form a strong bond. MMA adhesives are commonly used in industries such as aerospace, automotive, construction, and marine, where strong bonding is required for different materials such as metals, plastics, and composites. The fastest growing substrate in the methyl methacrylate market is composites.
They have various advantages over other types of adhesives. They cure quickly, often within minutes, which is ideal for applications where rapid bonding is needed. They also have excellent temperature and chemical resistance, making them suitable for use in harsh environments. Additionally, they are highly durable and can withstand vibration, impact, and other mechanical stress, and are resistant to a wide range of chemicals, including oils, solvents, and acids. MMA adhesives are highly durable and can withstand vibration, impact, and other forms of mechanical stress.
- Growing need for lightweight materials and components
The growing need for lightweight materials and components in various industries is a significant driving agent of the demand for methyl methacrylate (MMA) adhesives. Many industries are focused on reducing the weight of their products to improve fuel efficiency, reduce emissions, and improve performance. MMA adhesives can effectively bond lightweight materials such as composites, plastics, and metals, making them an essential component in the manufacturing of lightweight vehicles, aircraft, and boats. Furthermore, the use of lightweight materials can also improve the performance and durability of products. In industries such as aerospace and automotive, lightweight materials can provide better performance and handling, as well as increased durability due to the reduced stress on the components.
By reducing the weight of products, the number of raw materials required for manufacturing can be reduced, and the carbon footprint of the product can be minimized. Moreover, the increasing demand for eco-friendly adhesives is also driving the growth of the MMA adhesives market. MMA adhesives are free from solvents, which reduces the risk of volatile organic compounds (VOC) emissions. This makes them an environmentally friendly alternative to solvent-based adhesives that pose a risk to human health and the environment.
- Building & Construction Industry
As economies grow, there is increased demand for new infrastructure such as highways, airports, and public transportation systems, which require new construction. The demand for new residential and commercial buildings is also fueled by the increasing urbanization of populations, as more people move from rural areas to cities in search of job opportunities, education, and other benefits of urban living. The building & construction industry is further driving the demand for Methyl Methacrylate (MMA) Adhesives market. The foremost reason is the need for high-performance adhesives that can bond various materials, such as concrete, steel, and other construction materials in the construction industry. MMA adhesives have strong bonding strength, which allows them to create a durable bond between dissimilar materials, making them optimal for use in construction. Their property to withstand extreme temperatures and exposure to chemicals makes them ideal for use in construction applications where exposure to chemicals or harsh environments is common. Moreover, MMA adhesives are known for their ability to fill gaps and voids effectively, which is essential in construction applications where a seamless, tight bond is necessary.
- In November 2022, ITW Performance Polymers launched the new MMA structural adhesive Plexus MA8105 which offers fast room-temperature curing and overcomes the problem of difficulty bonding in older MMA adhesives.
Asia-Pacific to show notable growth
Asia Pacific is expected to witness the highest growth in the methyl methacrylate (MMA) adhesives market in the forecast period. This is due to a combination of factors, including the growing demand for methyl methacrylate (MMA) adhesives in various end-use industries, the availability of low-cost labor, and the presence of major methyl methacrylate (MMA) adhesives producers in the region. the APAC region has seen significant investments in infrastructure development, including transportation, housing, and commercial construction, which has further driven the demand for MMA adhesives. With the increasing demand for sustainable and energy-efficient buildings, the construction industry is increasingly adopting MMA adhesives as they offer several advantages over traditional adhesives, such as faster curing times and high-strength bonding. The rapid growth of the MMA adhesives market in the APAC region is due to the increasing demand for lightweight and durable materials in various end-use industries, such as automotive, construction, and electronics. India is another key market for methyl methacrylate (MMA) adhesives in the Asia-Pacific region. The country has a growing population and an expanding middle class, which is driving the demand for construction. This is fueling the demand for methyl methacrylate (MMA) adhesives as a key raw material in this industry. Countries such as Thailand and Japan are expected to hold a considerable share in the growth of this market in the region.
The North American and Europe region accounts for a notable share of the methyl methacrylate (MMA) adhesives market due to an increasing focus on sustainability and the circular economy. Many companies in these regions are seeking to reduce their environmental footprint and are therefore looking for more sustainable raw materials. Methyl Methacrylate (MMA) Adhesives, as a key raw material, are increasingly being used as a more sustainable alternative to traditional raw materials. The growth of the Methyl Methacrylate (MMA) Adhesives market in this region is expected to continue in the forecast period, driven by the expansion of the chemical industry and favorable government policies and regulations.
- BY SUBSTRATE
- BY END-USER INDUSTRY
- Building & Construction
- Wind Energy
- BY GEOGRAPHY
- North America
- South America
- United Kingdom
- Middle East And Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. METHYL METHACRYLATE (MMA) ADHESIVES MARKET ANALYSIS, BY SUBSTRATE
6. METHYL METHACRYLATE (MMA) ADHESIVES MARKET ANALYSIS, BY END-USER INDUSTRY
6.4. Building & Construction
6.6. Wind Energy
7. METHYL METHACRYLATE (MMA) ADHESIVES MARKET, BY GEOGRAPHY
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East And Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Elixir India
9.2. Permabond Engineering Adhesives
9.3. Vitrochem Technology
9.6. HB Fuller
9.8. Henkel Adhesives
9.9. ITW Performance Polymers
9.10. Advanced Adhesives Systems Inc.
Permabond Engineering Adhesives
ITW Performance Polymers
Advanced Adhesives Systems Inc.
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