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Methyl Methacrylate Adhesives Market Size, Share & Industry Analysis, By Substrate (Metal, Plastic, Composites, Others), By Application (Automotive, & Transportation, Marine, Wind Energy, Building & Construction, General Assembly, Other) and regional forecast 2023-2030

Region : Global | Report ID: FBI104906 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Methyl methacrylate adhesives is a type of structural adhesive that is manufactured using methyl methacrylate compound. This type of structural adhesive is used to hold or join any structures together. These adhesives consist of hardener and resin which are mixed together. These adhesives improve the integrity of the arrangement and also improves the resistance to impacts and peelings.


Increasing demand for methyl methacrylate adhesives from automotive and transportation industry is one of the key factor driving the market. Increasing implementation of advanced raw materials and technologies for component manufacturing has subsequently developed need for bonding technology for joining different components together shall boost the market growth.


However, methyl methacrylate adhesive is manufactured from methyl methacrylate which often experiences fluctuation in prices. This is expected to hamper the market growth.


Market Segmentation:


Based on substrate, the global methyl methacrylate adhesives market is segmented into metal, plastic, composites, and others. Based on end-user industry, market is segmented into automotive, & transportation, marine, wind energy, building & construction general assembly, and other.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global Methyl Methacrylate Adhesives market consists of global & regional players operating. Some of the key players in the market include 3M, ITW Polymer Adhesives, H.B Fuller Company, Sika AG, Hunstman Corporation, Henkel, , and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Methyl Methacrylate Adhesives Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be the largest and the fastest growing market. easy availability of raw materials is one of the factor driving the regional market. North America is expected to hold significant share attributed to the large manufacturing base present in U.S. Europe is expected to show substantial growth due to high demand from automotive sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.


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Segmentation






















 ATTRIBUTES    


 DETAILS    

By Substrate




  • Metal

  • Plastic

  • Composites

  • Others



By Application




  • Automotive, & Transportation

  • Marine

  • Wind Energy

  • Building & Construction

  • General Assembly

  • Other



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)



Methyl Methacrylate Adhesives Industry Developments



  • In April 2017, Sika launched Sikafast-3300 and 3350 structural methyl methacrylate adhesives for transportation and industrial assembly applications.

  • In June 2016, Henkel set up an innovation centre in Shanghai, China. The Henkel Adhesives Innovation Centre (HAIC) is set up to target and expand the R&D capabilities.


  • Ongoing
  • 2021
  • 2018-2020

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