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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Methyl Methacrylate Adhesives Market Analysis by Region
Asia-Pacific is estimated to be the largest market during the forecast period, driven by the growth of automotive and construction industries
Asia-Pacific region is the largest market for MMA, driven by the high demand from countries like China and South Korea, which are major producers and consumers of MMA. Additionally, the region's significant expansion in a variety of industries, including building and construction and transportation is expected to expand the methyl methacrylate adhesives market share as well.
Furthermore, the manufacturing of automobiles has increased significantly in countries such as India, Indonesia, Malaysia, and China, which is positively impacting the market. Another factor driving the growth of the MMA market in APAC include strategic investments in production capabilities. For instance, Daesan MMA Corp, a South Korean company, announced the expansion of its MMA production capacity to meet the growing demand for the product in the region.
North America region also holds a significant share of the global methyl methacrylate adhesives market, driven by strong demand from various industries, including automotive and electronics. Major producers are expanding their production capacities to meet the growing demand for MMA. For instance, Huntsman Corporation expanded its MMA production capacity at its plant in Texas, USA in 2018.
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)
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+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