MS Polymer Adhesives Market – Global Industry Analysis and Forecast (2023-2029)

By 2029, the MS Polymer Adhesives Market is expected to reach US $ 7.92 billion, thanks to growth in the Type and Application segment. The report analyzes market dynamics by region and end-user industries.
MS Polymer Adhesives Market Overview:
The global MS Polymer Adhesives market was valued at US $ 4.83 Bn. in 2022, and it is expected to reach US $ 7.92 Bn. by 2029 with a CAGR of 7.30% during the forecast period.

MS Polymer Adhesive is composed of polymers and is a synthetic bonding solution. A polymer is made up of a series of interconnected units. When compared to other adhesives in the market, these adhesives have higher strength, bond, and resistance. They can adhere to a variety of surfaces and are activated by a catalyst, most often moisture. They're getting more used in a variety of sectors, like automotive, construction, aviation, and home improvement, and many others. Urethanes, epoxies, resins, cyanoacrylates, and methacrylate are some examples. All of these types have different characteristics and, as a result, are used in various sectors. To know about the Research Methodology :- Request Free Sample Report

COVID-19 Influence on MS Polymer Adhesives Market:

COVID-19 had a significant impact on the economy as well as public health. It caused chaos in the economy, and not a single country was protected. Businesses all over the world have been driven to adjust their ways as a result of the virus. The report gives more details about the influence of each region, allowing users to plan their actions and take substantial steps toward recovery after an epidemic.
MS Polymer Adhesives Market Dynamics:
The use of hybrid resins in the production of adhesives and sealants is increasing

In comparison to other structural assembly methods, adhesives and sealants have become extremely prevalent. As the demand for existing product designs and manufacturing methods grows, new adhesives and sealants are being developed regularly to fulfill that demand. Manufacturers have been able to overcome limits by minimizing the time spent in the manufacturing process and improving durability thanks to recent developments in adhesive and sealant technology. MS polymer-based adhesives can overcome the limits of individual resins by integrating the most important qualities of each resin to create high-performance adhesives and sealants. As a result, the development of hybrid resins for the production of high-performance hybrid adhesives and sealants is an important factor driving the market's growth.

End-users dissatisfaction

MS polymer adhesives tend to have a limited level of acceptability among end-users. This lower acceptance rate could be related to a lack of awareness of hybrid adhesives' availability or a preference for traditional adhesives. The results obtained with traditional adhesives are satisfactory to the end-users. The benefits of using hybrid adhesives, such as enhanced flexibility and elongation, impact and thermal cycling resistance, peel strength, and long-term durability, are often neglected. Thus, dissatisfaction of end-users with the use of hybrid adhesives is expected to hinder the growth of the market over the forecast period.

Demand for non-toxic, eco-friendly, and durable adhesives and sealants is rising

Regulations imposed by the US Environmental Protection Agency (US EPA), REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), LEED (Leadership in Energy and Environmental Design), and other regional regulatory agencies have forced manufacturers to develop eco-friendly adhesives with low VOC (Volatile Organic Compound) levels. Demand for green adhesives or those with low VOC is rising as a result of a growing tendency in numerous industries to use eco-friendly or green products.

The market offers a substantial growth opportunity as it transitions to a more sustainable product line. Green buildings are becoming more popular in the worldwide construction sector. This appears to be a promise for the design of environmentally friendly and long-lasting adhesives. Renewable, recycled, remanufactured, or biodegradable materials are used to produce green adhesive solutions. The use of such eco-friendly products is also beneficial to human health.

In the manufacturing of adhesives and sealants, more attention is being given to eliminating the use of banned or harmful chemicals such as organotin, mercury, monomeric isocyanates, pyrrolidone, phthalates, and nonylphenols. This helps in the MS polymer adhesives market's growth. This is expected to enhance the adoption of eco-friendly products and strengthen the company’s brand for promoting eco-friendly products, resulting in increased trust.
In developed countries, market opportunities are limited
The economies of the United States, Germany, the United Kingdom, and Japan are highly developed, with advanced industrial activities. They also have a decent infrastructure in the public, commercial, and transportation sectors. In developed countries, the service sector has overtaken the industrial sector, transforming them into post-industrial economies. The evolved infrastructure in these countries reveals a low possibility of new construction activity. As a result, the MS polymer adhesives market in these countries has limited growth potential. Manufacturers of hybrid adhesives and sealants must develop innovative products to gain dominance in newer markets such as healthcare, electronics, and food packaging.
MS Polymer Adhesives Market Segment Analysis:
Based on Type, the global MS polymer adhesives market is segmented into two types as Sealants and Adhesives. In 2020, the Adhesives segment was dominant and held xx% of the overall market share. The market is being driven by the demand for hybrid sealants in various sectors. Urethanes, epoxies, resins, cyanoacrylates, and methacrylate are the different types of adhesives.

Based on Application, the global MS polymer adhesives market is segmented into four types as follows, Building & Construction, Automotive & Transport, Industrial Assembly, and Others. In 2020, the Building & Construction segment was dominant and held xx% of the overall market share. The segment is expected to continue its dominance with growing at a CAGR of xx% during the forecast period. MS polymer adhesives are used in a variety of building and construction applications, including flooring, tiling, waterproofing, carpet installation, wall coverings, insulation, roofing, civil operations, and more. They're becoming more popular in the construction sector, where they're used for bonding, reconstruction, maintenance, and repair of residential and commercial buildings, as well as civil engineering.
MS Polymer Adhesives Market Regional Insights:
In 2022, Asia Pacific dominated the market, accounting for more than xx% of the global revenue. It is expected to continue its dominance with growing at a CAGR of xx% over the forecast period. The region includes countries at various stages of economic development. The use of MS polymer adhesives in numerous industries, including automotive and construction, is primarily responsible for the region's market growth. Various end-users of adhesives have been driven to migrate and establish manufacturing units in the Asia Pacific because of ongoing trade tensions between the US and China and cheap labor.

The demand for adhesives in the Asia Pacific is expected to rise as a result of this migration. India has low-cost labor, which can provide companies with huge investment opportunities. For example, government schemes like Make in India and the proposed scheme for entrepreneurial development may bring up new opportunities in the industrial and infrastructural sectors. All of these reasons are expected to drive the market for MS polymer adhesives in the Asia Pacific.

Recent Advancements:

In November 2020, at its unit in Nünchritz, Germany, Wacker Chemie AG (Germany) has begun construction of a new manufacturing site for silane-terminated polymers. By 2022, this facility is expected to begin production. The project is expected to cost between US $5.2 million and US $6.5 million.

The objective of the report is to present a comprehensive analysis of the global MS Polymer Adhesives market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global ms polymer adhesives market dynamics, structure by analyzing the market segments and project the global MS Polymer Adhesives market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global MS Polymer Adhesives market make the report investor’s guide.
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Global MS Polymer Adhesives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.83 Bn.


Forecast Period 2023 to 2029 CAGR:
7.3%
Market Size in 2029:
US $ 7.92 Bn.


 Segments Covered:
by Type
Sealants
Adhesives


by Application
Building & Construction
Automotive & Transportation
Industrial Assembly
Others



Global MS Polymer Adhesives Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
MS Polymer Adhesives Market Key Players
1. 3M Company
2. American Sealants, Inc.
3. Arkema
4. DL Chemicals
5. Forgeway Limited
6. H.B. Fuller
7. Henkel Ag
8. Hermann Otto GmbH
9. Kisling Ag
10.Mapei S.P.A.
11.Merz Benteli Ag
12.Novachem Corporation Ltd.
13.Permabond LLC.
14.Sika Ag
15.Soudal Group
16.Tech-Masters
17.Tremco Illbruck GmbH & Co. Kg.
18.Wacker Chemie Ag
19.Weicon GmbH & Co. Kg
20.Weiss Chemie Technik GmbH & Co. Kg
21.Others

Frequently Asked Questions:

1. What is the forecast period considered for the ms polymer adhesives market report?
Ans. The forecast period for the MS Polymer Adhesives market is 2023-2029.

2. Which key factors are hindering the growth of the ms polymer adhesives market?
Ans. The end-users dissatisfaction and ignorance towards the benefits of hybrid adhesives are the key factor expected to hinder the growth of the MS Polymer Adhesives market during the forecast period.

3. What is the compound annual growth rate (CAGR) of the ms polymer adhesives market for the next 6 years?
Ans. The global MS Polymer Adhesives market is expected to grow at a CAGR of 7.30% during the forecast period (2023-2029).

4. What are the key factors driving the growth of the ms polymer adhesives market?
Ans. The development of hybrid resins for the production of high-performance hybrid adhesives and sealants is the key factor expected to drive the growth of the market during the forecast period.

5. Which are the worldwide major key players covered for the ms polymer adhesives market report?
Ans. 3M Company, American Sealants, Inc., Arkema, DL Chemicals, Forgeway Limited, H.B. Fuller, Henkel Ag, Hermann Otto GmbH, Kisling Ag, Mapei S.P.A., Merz Benteli Ag, Novachem Corporation Ltd., Permabond LLC., Sika Ag, Soudal Group, Tech-Masters, Tremco Illbruck GmbH & Co. Kg., Wacker Chemie Ag, Weicon GmbH & Co. Kg, Weiss Chemie Technik GmbH & Co. Kg, and Others.