Methyl Methacrylate Adhesives Market Executive Summary, Review, Demand And Forecast To 2033

Posted by ramacharitbrc on February 12th, 2024

The Methyl Methacrylate Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Methyl Methacrylate Adhesives Global Market Report 2024, The methyl methacrylate adhesives market size has grown strongly in recent years. It will grow from .56 billion in 2023 to .68 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased industrial applications, growth in automotive production, demand for lightweight materials, repair and maintenance activities, versatility in bonding substrates.

The methyl methacrylate adhesives market size is expected to see strong growth in the next few years. It will grow to .31 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to focus on sustainable adhesives, innovation in aerospace applications, rapid prototyping and assembly, increasing investments in infrastructure, expansion of renewable energy projects. Major trends in the forecast period include digitalization and smart manufacturing, customization and tailored solutions, strategic partnerships and acquisitions, advancements in formula and technology, wind energy installations.

The thriving building and construction industry is expected to propel the growth of the methyl methacrylate adhesives market going forward. Building and construction industry refers to industry that is primarily engaged in the construction of residential, farm, industrial, commercial, or other buildings. Adhesives made of methyl methacrylate are used in trucks and construction equipment, such as side and roof panels, door panels, and aerodynamic parts. The usage of methyl methacrylate adhesives is significant in the construction sector. For instance, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, in February 2023, the number of privately owned housing units were 1,524,000 on a seasonally adjusted yearly basis, an increase of 13.8% from January 2023. Therefore, the thriving building and construction industry is driving the growth of methyl methacrylate adhesives market going forward.

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The methyl methacrylate adhesives market covered in this report is segmented –

1) By Type: Water Base, Solvent Base, Other Types

2) By Substrate: Metal, Plastics, Composites, Other Substrates

3) By Application: Automotive And Transportation, Building And Construction, Marine, Wind Energy, General Assembly, Other Applications

Innovative non-flammable adhesive solutions are a key trend gaining popularity in the methyl methacrylate adhesives market. Companies operating in the methyl methacrylate adhesives market are launching innovative non-flammable adhesive solutions to sustain their position in the market. For instance, in December 2021, Huntsman Corporation, a US-based manufacturer and marketer of specialty chemicals company, launched ARALDITE 2080 adhesive, an industry-first, innovative solution that provides exceptional bond performance while addressing the challenges associated with traditional adhesives, such as high odor, flammability, high toxicity profiles, and surface preparation. It is primer-free structural acrylate adhesive that offers exceptional bond performance without compromising on safety or productivity. With its low odor, non-flammable classification, and low toxicity profile, the adhesive is ideal for use in confined working environments, reducing costs for safety training, storage, and equipment.

The methyl methacrylate adhesives market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis