Global Methyl Methacrylate Adhesives Market, By Type (Water Base, Solvent Base, Others), Substrate (Metal, Plastic, Composite, Others), End User (Automotive and Transportation, Building and Construction, Marine, Wind Energy, General Assembly, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Methyl Methacrylate Adhesives Market
Methyl methacrylate adhesives market size is valued at USD 2.34 billion by 2028 and is expected to grow at a compound annual growth rate of 7.97% for the forecast period of 2021 to 2028. Data Bridge Market Research report on methyl methacrylate adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Methyl methacrylate adhesive is a type of an alternate of structural adhesive that is formed from methyl methacrylate chemical compound. These structural adhesives are used to hold or fabricate together joints in any structure. These adhesives also consist of a hardener and are mixed with a resin and are used to enhance the reliability of the structure and are defiant to heavy impact or peeling.
The rising demand for lightweight and low carbon emitting vehicles has highly influenced growth of the methyl methacrylate adhesives market. In line with this, the increasing demand from automotive and transportation as well as marine industries are also acting as a key determinant favoring the growth of the methyl methacrylate adhesives market over the forecast period of 2021 to 2028. Also the, growing automotive production and increasing transportation infrastructure, owing to increased need for mobility with the increasing population are also positively impacting the growth of the methyl methacrylate adhesives market. The major factor accountable for the growth of the market is the excellent performance of methyl methacrylate adhesives. Beside this, the rising demand for lightweight and streamlined solutions and improved compatibility with metals and other special substrates is also flourishing the growth of the methyl methacrylate adhesives market. However, the volatility in raw material prices and high cost coupled with methyl methacrylate adhesives may act as key restraint towards methyl methacrylate adhesives market growth rate in the forecast period of 2021 to 2028, whereas the growing popularity of epoxy and PU adhesives have the potential to challenge the growth of the methyl methacrylate adhesives market in the above mentioned forecast period.
In addition, the growing awareness regarding advantages of adhesives over conventional techniques as well as the rising popularity of green, non-hazardous and sustainable adhesives and increasing demand from new applications such as construction, automotive, wind energy and repairs which will further offer a variety of growth opportunities for the methyl methacrylate adhesives market in the above mentioned forecast period.
This methyl methacrylate adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on methyl methacrylate adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Methyl Methacrylate Adhesives Market Scope and Market Size
Methyl methacrylate adhesives market is segmented on the basis of type, substrate and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the methyl methacrylate adhesives market is segmented into water base, solvent base and others.
- On the basis of substrate, the methyl methacrylate adhesives market is segmented into metal, plastic, composite and others.
- The end user segment for methyl methacrylate adhesives market is segmented into automotive and transportation, building and construction, marine, wind energy, general assembly and others.
Methyl Methacrylate Adhesives Market Country Level Analysis
Methyl methacrylate adhesives market is analyzed and market size, volume information is provided by country, type, substrate and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the methyl methacrylate adhesives market because of the rapidly increasing demand from automotive and transportation, wind energy and marine end-use industries in this particular region. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to growing preference for fuel-efficient vehicles with reduced weight within this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Methyl methacrylate Adhesives Market Share Analysis
Methyl methacrylate adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to methyl methacrylate adhesives market.
The major players covered in the methyl methacrylate adhesives market report are Henkel AG & Co. KGaA, H.B. Fuller Company, 3M, Arkema, Huntsman International LLC, Sika AG, IPS Corporation, Advanced Adhesive Systems., Scott Bader Company Ltd., Parker Hannifin Corp, Dow, DuPont, Antala Ltd., L&L Products, Kisling AG, HERNON MANUFACTURING INC, Permabond LLC, Parson Adhesives, Inc., Master Bond Inc., Chemique Adhesives & Sealants Ltd, and Engineered Bonding Solutions, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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