The global MS polymer hybrid adhesives and sealants market size is projected to reach USD 12.87 billion by 2025, progressing at a CAGR of 8.1% during this period, according to a report by Grand View Research, Inc. The major growth drivers include rapid infrastructural developments across the globe, coupled with the increased automotive production, especially in emerging economies. These products are characterized by low Volatile Organic Compounds (VOC) emissions, compatibility with paints & coatings, and bonding ability with a variety of substrates, which is expected to solidify market growth in a number of application areas. Rise in the construction output, especially in the developing nations, is also a key growth-driving factor for the market.
MS polymer hybrid adhesives and sealants are highly elastic and possess great strength. It is also known as Mighty Strength Seal & Fix. The automotive sector is fast becoming a major application area for the product, with the high consumer demand for electric and lightweight vehicles propelling the industry growth. Expanding manufacturing sector in APAC owing to government initiatives and increased FDIs in emerging economies is expected to augment the market growth in the region. For instance, under the Union Budget of 2018-2019, the Indian government allocated USD 92.2 billion for the infrastructure sector. According to OICA, India produced 5.2 million units of cars and commercial vehicles in 2018, which was an increase of 8% from 2017. These statistics indicate the growth of the construction and automotive industries in the country, which is anticipated to propel the demand for modified-silane (MS) polymer hybrid adhesives and sealants. Sealants prepared by using both polyurethane and silicone have been developed to address the staining issues associated with highly plasticized sealants.
The global market for MS polymer hybrid adhesives and sealants is broadly segmented into product and application. With respect to product, the market is classified into adhesives and sealants, with the sealant segment further classified into transparent and colored. Major application segments in the MS polymer hybrid adhesives and sealants market include building and construction, and transportation, among others. Some of the major industry players include 3M Company, Bostik, H.B. Fuller Company, Henkel Corp., Sika AG, and Wacker Chemie AG. These companies are involved in innovative product launches and mergers and acquisitions in order to gain higher market share.
Further key findings from the study suggest:
1 MS polymer hybrid sealants find widespread utilization in the construction industry, in major aspects such as wall coverings, waterproofing, window & door frames, flooring, and insulation
2 The building & construction application segment is anticipated to register the highest CAGR of 8.8%, in terms of volume over the forecast period, owing to increasing construction activities in developing countries, such as India, China, and Brazil
3 The continued rise in popularity of electric vehicles (EVs) has helped in the market advancement of these adhesives and sealants, with them being utilized in floor, component, body, chassis, external, and internal sealing of the vehicles
4 The adhesives segment accounted for more than 40% of the global volume share in 2018 due to their increasing demand in transportation sector, on account of them being economical and improving the product efficiency
5 Central & South America is estimated to expand at a CAGR of 8.6%, in terms of volume, over the forecast period, due to growth in the construction output of the key countries such as Brazil and Argentina, which has coincided with economic development
6 The Asia Pacific market is being driven by positive developments on both the construction and transportation fronts, with the OICA stating that in 2018, the region was the largest producer of motor vehicles
7 The COVID-19 outbreak in 2020 presented significant challenges to both the transportation & construction sectors, as lockdowns and financial constraints on the part of consumers resulted in a substantial downturn; this had a knock-on effect on the MS polymer hybrid adhesives and sealants market
8 Market players look towards implementing effective strategies to gain higher share; for instance, in June 2018, Arsenal Capital Partners, a private equity firm, acquired Epoxy Technology, Inc.
9 In April 2018, Tremco Illbruck commissioned a new production facility for adhesives and sealants in Traunreut, Germany, worth USD 5.6 million
10 In September 2020, Bostik inaugurated a new industrial adhesives plant in Nara, Japan, as part of the Bostik-Nitta joint venture, for the hygiene, packaging, labelling, transportation and electronics sectors
“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/modified-silane-polymer-hybrid-adhesives-sealants-market/request/rs1
Grand View Research has segmented the global MS polymer hybrid adhesives and sealants market on the basis of product, application, and region:
MS Polymer Hybrid Adhesives & Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
· Adhesives
· Sealants
o Transparent
o Colored
MS Polymer Hybrid Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
· Building & Construction
· Transportation
· Others
MS Polymer Hybrid Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
· North America
o U.S.
· Europe
o Germany
o U.K.
· Asia Pacific
o China
o India
· Central & South America
o Brazil
· Middle East & Africa
List of Key Players of MS Polymer Hybrid Adhesives & Sealants Market
• 3M Company
• Bostik,
• H.B. Fuller Company
• Henkel Corp.
• Sika AG
• Wacker Chemie AG
Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6012/ibb
Browse Related Report @
Hybrid Adhesives & Sealants Market – https://www.grandviewresearch.com/industry-analysis/hybrid-adhesives-sealants-market
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/modified-silane-polymer-hybrid-adhesives-sealants-market