The global Methyl Methacrylate Adhesivemarket was valued at USD 1.05billion in 2016 and is projected to reach USD 1.71billionby 2025, growing at a CAGR of 5.60% from 2017 to 2025.
The MMA adhesives are in huge demand owing to growing demand in transportation sector. The favorable curing temperatures offered by these adhesives is driving demand for these products. Asia Pacific is expected to account for maximum market share owing to growing production of automobiles.
1. Market Drivers
1.1 Increasing demand from commercial vehicles and marine applications
1.2 Excellent performance
2. Market Restraints
2.1 Volatility in raw material prices
The global Methyl Methacrylate Adhesivemarket is segmented on the material type, application, and region.
1. By Material Type:
2. By Application:
2.2 Commercial Vehicle
2.3 General Assembly
2.4 Wind Energy
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Illinois Tool Works Inc.
2. Parson Adhesive Inc.
4. Permabond LLC
6. Cyberbond LLC
7. Arkema SA
9. Scott Bader Company
11. Lord Corporation
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.