Methyl Methacrylate Adhesives Market Trends, 2024
TechSci Research calculated the market size of methyl methacrylate adhesives using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
TechSci Research calculated the market size of methyl methacrylate adhesives using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
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INDUSTRY BRIEF
According to a report released at TechSci Research, “Global Methyl Methacrylate Adhesives Market By Derivative, By
Substrate, By Region, Competition, Forecast & Opportunities, 2024” global methyl methacrylate adhesives market is projected
to reach $ 13.5 billion by 2024. Methyl methacrylate adhesives (MMAs) are reactive acrylic adhesives generally comprising resin
and initiator (or a resin and hardener). They rapidly cure at room temperature. Once cure is complete, the material forms a strong
thermoplastic with exceptional resistance to peel, shear and impact stresses. Global methyl methacrylate adhesives market is
broadly segmented into derivative, substrate and region. On the basis of substrate, the market is segmented as metal, plastic and
composites, of which, composites are one of the most extensively used substrates of MMA adhesives due to the requirement for
maintaining the cost, design and production speed for the marine and transportation industries as well as refining aesthetics. MMA
adhesives are known for niche applications of composite bonding, since they can bond materials with different surface energies
along with sheet moulding compound (SMC), which earlier had concerns owing to incompatibility with some mold releases. These
adhesives are used to bond composite to metal substrates as well as composite to composite structures.
Based on derivatives, the market is categorized into poly (methyl methacrylate), surface coatings & adhesives, PVC modifiers,
emulsion polymers and other methacrylic acids. MMA is mainly used as a raw material for Poly (methyl methacrylate). Poly (methyl
methacrylate) is the dominating segment as it is in huge demand in various end-use industries like automotive, construction, and
electronics industries. PMMA sheets are clear, weather-resistant and are light in weight and are mostly used as an alternative to
glass in the automotive and construction industries
“Among regions, Asia-Pacific has the largest market share in global methyl methacrylate adhesives. High demand from wind
energy, marine industry and automotive & transportation is fuelling demand for methyl methacrylate adhesives in the region.
Moreover, the region has emerged as a leading vehicle producer, as various automotive manufacturers are shifting their base to
emerging markets led by economic slowdown and saturation in regions like North America and Europe.” stated Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.
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