The MS polymer adhesives market size for MS polymer adhesives is projected to grow from USD 4.2 Billion in 2020 to USD 5.9 Billion by 2025, at a CAGR of 7.2%. The global MS polymer adhesives market is witnessing high growth on account of growing end-use industries. The growth in the major end-use industries such as automotive and construction industries are leading to the growth of the market.
The adhesives & sealants have become increasingly popular in comparison to other assembly methods for structural design. The demand for modern product designs and manufacturing processes is increasing rapidly; therefore, new adhesives & sealants are continuously being formulated to meet this demand. The recent advancements in adhesive & sealant technologies have allowed manufacturers to overcome limitations by reducing the time consumed in the manufacturing process and enhancing durability. The MS polymer based adhesives have the ability to overcome the limitations of individual resins by combining the most critical properties of each resin to form high performance and improved adhesives & sealants. A wide range of solutions is being introduced as next-generation adhesives & sealants, with some degree of customization to meet the needs of the customers. The manufacturers are investing heavily in the R&D of combining various adhesive bonding technologies. The hybrid adhesives developed with these combinations will have the properties of the resins used in manufacturing them. Therefore, the development of hybrid resins for the manufacturing of high-performance hybrid adhesives & sealants plays a significant role in driving the market.
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Automotive & Transportation is the fastest-growing segment of the overall MS polymer adhesives market.
Automotive & Transportation is the fastest-growing segment of the overall MS polymer adhesives market. MS polymer adhesives are used in cars, commercial vehicles (bus, rail, and truck), and aerospace. The automotive & transportation industry continuously demands more advanced and improved bonding. MS polymer adhesives offer excellent adhesion, superior durability, chemical & temperature resistance, and low shrinkage. They are preferred in interior and exterior applications such as bonding of glass fiber, metals, plastics, and composite substrates in the aircraft manufacturing industry, commercial & specialty vehicles (agricultural, construction, military, and armor), and OEMs.
APAC is the largest MS polymer adhesives market during the forecast period.
APAC accounts for the largest share of the MS polymer adhesives market, followed by Europe and North America. The building & construction end-use industry dominated the MS polymer adhesives market globally. The improved performance of hybrid adhesives like MS polymer has led manufacturers to shift to the manufacturing of MS polymer adhesives rather conventional adhesives & sealants. MS polymer hybrid is a decade old technology in APAC and was first introduced in Japan. The region adopted this technology at the very nascent stage and is currently leading the market.
The key players profiled in the MS polymer adhesives market report are Henkel AG (Germany), Sika AG (Switzerland), Arkema S.A. (France), and The 3M Company (US).
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