Stratview Research has published a new report on the Methyl Methacrylate Adhesives Market and bifurcated the market by Substrate Type (Metal, Plastic, Composite, and Others), by End-Use Industry Type (Automotive & Transportation, Building & Construction, Marine, Wind Energy, General Assembly, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
According to the report, methyl methacrylate adhesives market is likely to witness an impressive CAGR of 7.2% over the forecast period.
What are the factors that drives the Methyl Methacrylate Adhesives Market?
The prime factor that is contributing to the demand for methyl methacrylate adhesives is the rising demand for high-performance miniature electronic devices.
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.
How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
KEY BENEFITS:
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Methyl Methacrylate Adhesives Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stake holders of this market.
Segment-Wise market Analysis
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 2019. 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.
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.
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.
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