The Methyl Methacrylate Adhesives (MMA adhesives) market was valued at USD 1.01 billion in 2017 and is projected to reach 1.56 billion by 2023, at a CAGR of 7.5% during the forecast period.
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Browse 83 market data Tables and 41 Figures spread through 128 Pages and in-depth TOC on “Methyl Methacrylate Adhesives Market”
Growing demand from new applications such as wind energy, construction, automotive, and repairs
The demand for MMA adhesives is likely to increase from end-use industries such as wind energy, construction, automotive, and aftermarket. The biggest challenge for end users is to bond materials, such as lightweight metals, carbon fibers, and plastics, having different strength and coefficient of thermal expansion. The increased use of these materials has necessitated the development of a bonding technique, which can bond dissimilar materials. This factor offers new growth opportunities to the MMA adhesives manufacturers.
The manufacturers of wind turbines, pipes & tanks, and automotive are working in collaboration with leading MMA adhesive manufacturers to increase the use of these adhesives for bonding components. Several tests and studies for wind energy, automotive, and other applications are undertaken to achieve certification and approval for the use of these adhesives. MMA adhesives can achieve structural bonding within 5–90 minutes along with curing at room temperature without the need for post-curing or heating while curing. These adhesives are gaining popularity as they enable toughness and resistance to fatigue. They also ensure 200% elongation while maintaining the structural strength. These beneficial factors are expected to create new growth opportunities for the MMA adhesives market during the forecast period.
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Popularity of epoxy and PU adhesives
Many end-use industries, such as transportation, wind energy, marine, assembly, and construction, have been using mechanical fasteners and adhesives, including acrylics, epoxies, and PU as alternatives to MMA adhesives. These alternatives have high popularity as they are easily available in the market and the engineers have technical expertise in using these techniques. These adhesives offer competitive performance at lower prices than MMA adhesives. Per unit cost of using these alternatives are comparatively lesser than MMA adhesives. This serves as a challenge for players operating in the MMA adhesives market.
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