Methyl Methacrylate Adhesives Market Report

Market Insights

Methyl methacrylate adhesives market is likely to grow from USD 1.07 billion in 2021 to USD 1.8 billion by 2028 at an impressive CAGR of 7.59% over the forecast period of 2022-2028.

What is methyl methacrylate adhesive?

Acrylic adhesives made of a resin and hardener are called as methyl methacrylate adhesives (MMA). These adhesives also contain rubber and additional strengthening agents in most cases. The adhesive offers quick curing at room temperature by creating an exothermic polymerization reaction. Methyl methacrylate adhesives can form bonds between dissimilar materials such as metal and plastic, or metal and composite, etc.

Market Drivers

The prime factor that is contributing to the demand for methyl methacrylate adhesives is the rising demand for high-performance miniature electronic devices.

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Segments' Analysis

By Substrate Type

Based on the substrate type, the market is segmented as metal, plastic, composite, and others. The metal segment held the largest share of the market in 2021. The metal segment is expected to remain the largest segment by substrate type over the forecast period as it is predominantly used in end-use industries due to durability and low cost. On the other hand, the composite segment is expected to expand with the highest CAGR over the forecast period owing to rising demand for bonding composite components, such as bumpers, deflectors, composite tanks, roofs, car seats, blades, etc.

By End-Use Industry Type

Based on the end-use industry type, the methyl methacrylate adhesives market is segmented as automotive & transportation, building & construction, marine, wind energy, general assembly, and others. The automotive & transportation segment dominates the market owing to huge demand for bonding dissimilar materials coupled with the rising penetration of advanced materials.

By Region

In terms of regions, Asia-Pacific is estimated to be the largest methyl methacrylate adhesives market during the forecast period, with China, Japan, South Korea, and Taiwan being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of automotive and construction industries, which is generating huge demand for methyl methacrylate adhesives. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The methyl methacrylate adhesives market is segmented into the following categories. 

By Substrate Type:

• Metal
• Plastic
• Composite
• Others

By End-Use Industry Type:

• Automotive & Transportation
• Building & Construction
• Marine
• Wind Energy
• General Assembly
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major methyl methacrylate adhesive manufacturers are-

• Illinois Tool Works Inc.
• Henkel AG & Co. Kgaa
• H.B. Fuller Company
• The 3M Company
• Arkema S.A. (Bostik)
• Huntsman International LLC.
• Sika AG
• Scigrip
• Scott Bader Company Ltd.
• Lord Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the substrate types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com