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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Methyl Methacrylate Adhesives Market Share
Composite segment is witnessing rapid growth due to rising use of MMA in making composite materials
The market for methyl methacrylate adhesives, based on product, is comprised of metal, plastic, and composite, among others. Among these, the composite segment is expected to show a high growth rate during the projection period, due to the high demand for methyl methacrylate adhesives for composites. The MMAs are increasingly being utilised for various composites, such as bumpers, blades, deflectors, roofs, car seats, and composite tanks, among many others.
MMA is used in the production of various automotive parts, such as exterior and interior components, due to its high scratch resistance
The automotive and transportation segment, followed by the building and construction segment is expected to hold a significant methyl methacrylate adhesives market share. The automotive sector has increased the demand for MMAs as these adhesives have penetrated the market as one of the best solutions for bonding composites. With an increasing focus on manufacturing lighter vehicles, MMAs provide an excellent solution as they can distribute the load evenly around the bonding area while providing superior toughness, endurance, and abrasion resistance. Automotive sector uses MMA for making windshields, trim, fenders, bumpers, and trim.
As per methyl methacrylate adhesives market analysis, the building and construction sector is driven by the rapidly growing population and increasing urbanisation, especially in the Asia Pacific region. Marine segment includes the use of MMA in the production of various marine components and parts, such as boat hulls, propellers, and other marine equipment. MMA is used in marine applications due to its high resistance to chemicals and water.
Methyl Methacrylate Adhesives Market Report Snapshots
Methyl Methacrylate Adhesives Market Size
Methyl Methacrylate Adhesives Market Growth
Methyl Methacrylate Adhesives Market Trends
Methyl Methacrylate Adhesives Market Share
Methyl Methacrylate Adhesives Companies
Methyl Methacrylate Adhesives Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the methyl methacrylate adhesives market reached an approximate value of USD 1.53 billion.
The market is expected to grow at a CAGR of 7.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 2.99 billion by 2032.
The major drivers of the market include the growing utilisation of methyl methacrylate adhesives in the building and construction industry and the rapidly increasing urbanisation, which propels residential development, further increasing the demand for MMAs.
Key trends aiding market expansion include the increasing utilisation of MMAs in the automotive industry due to their beneficial characteristics and strong bond with components, and development of different types of MMAs.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The products in the market include metal, plastic, and composite, among others.
The different end-uses for methyl methacrylate adhesives include automotive and transportation, building and construction, marine, wind energy, and general assembly, among others.
Key players in the market are 3M Company, Arkema S.A, Cedesa Ltd, Scott Bader Company Limited, and Henkel AG & Co. KGaA, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124