USD 5.2 billion
Global MS Polymer Adhesives Market Size, Share, Growth Analysis, By Product(Sealants and Adhesives), By Application(Building and construction, transportation) - Industry Forecast 2023-2030
Report ID:
SQMIG15E2168 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|
Tables:
61 |
Figures:
79
Global MS Polymer Adhesives Market Insights
MS Polymer Adhesives Market size was valued at USD 5.2 billion in 2021 and is poised to grow from USD 5.52 billion in 2022 to USD 8.35 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).
MS Polymer Adhesive is a polymer-based synthetic bonding adhesive. A polymer is a chain of interconnected components. These adhesives beat other market alternatives in terms of strength, bonding, and resistance. They can attach to a variety of surfaces and are activated by a catalyst, usually moisture. They are rapidly being employed in a variety of industries, including automotive, construction, aviation, and home improvement. They are available in a variety of forms, including urethanes, epoxies, resins, cyanoacrylates, and methacrylates. All of these types have varied characteristics and so find use in various sectors. Because of their resistance to oils and chemicals, urethanes are widely used in a range of industries. Epoxies are commonly found in glue sticks and glue guns. They're common in the electronics business.
Some of the primary reasons driving the market are the increasing demand for strong adhesives across various sectors and the shortage of adhesives with similar or greater strength. These adhesives have high tensile strength and dry quickly. As a result, they're becoming more popular in the construction and electronics industries. Because they do not discolour the surface, they are often utilised for ornamentation and granite sealing. They can be utilised on a wide range of surfaces, both dry and wet, due to their exceptional adhesive characteristics. Even when submerged in water, these adhesives may attach and cure. Technological developments and ongoing research and development have resulted in the development of environmentally friendly polymer adhesives. Because they contain no solvents, they are odorless and non-hazardous. As a result, these eco-friendly adhesives can be utilized in kitchens. Furthermore, environmental norms and regulations enacted by several countries will drive demand for environmentally friendly polymer adhesives. These elements are expected to drive the market.
However, the lack of acceptability of MS Polymer Adhesives may operate as a market barrier. This lack of acceptability can be ascribed to end users' lack of awareness of polymer adhesives. Another aspect contributing to the lack of awareness of the adhesive is the market's scarcity of such items. Because of limited availability and low knowledge, a big percentage of the market may not have had the opportunity to use these adhesives and hence may be clueless about their characteristics and benefits.
US MS Polymer Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Building and construction
Fastest Growth
Building and construction
Growth Rate
6.1% CAGR
Global MS Polymer Adhesives Market 2021-2030 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global MS Polymer Adhesives Market Size By Application 2021-2030 ($ Bn)
Global MS Polymer Adhesives Market Size By Application 2021-2030 (%)
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Global MS Polymer Adhesives Market Segmental Analysis
Global MS polymer adhesives market is segmented on the basis of product, application, and region. By product, the market is segmented into sealants and adhesives. By application, market is segmented into building and construction, transportation, and other industries. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
MS Polymer Adhesives Market Analysis by Product
Adhesives are in high demand in the automotive and industrial assembly industries. These products aim to improve production efficiency while also lowering production costs. Adhesives are used extensively in automotive production; for example, assembling, gluing, and laminating the interior sections of a vehicle requires approximately 15 kilos of adhesives. Also, the growing desire for lightweight cars increases their demand because they reduce the need for mechanical fasteners while providing increased strength and longevity.
The sealants segment is expected to grow at the fastest rate over the forecast period. Furniture, doors, windows, facades, and wall cracks are examples of products used in the construction industry on both the exterior and interior of buildings. The rising emphasis on utilizing environmentally friendly products is expected to push builders to employ MS polymer hybrid sealants. The product category is further divided into coloured and clear. Transparent sealants have grown in popularity among consumers in recent years. One of the most difficult aspects of coloured sealants is obtaining the right shade that will match the paint colour used on the structure. Transparent sealants, which can be painted the same colour as the building, help in resolving this issue.
MS Polymer Adhesives Market Analysis by Application
The building and construction category generated the most revenue. The segment is being pushed by rising demand for sealing and waterproofing goods. These products are also utilized for refurbishment, which increases their demand. Another important application is transportation, as adhesives and sealants are employed in railways, maritime, automotive, and aviation industries. The demand for sophisticated adhesives is increasing as the manufacture of EVs grows. The products are also used in boat, yacht, and shipbuilding applications because they provide elasticity, strength, durability, and UV resistance while bonding various materials used in the construction of boats, ships, and yachts such as aluminum, glass fiber reinforced polyester, stainless steel, and wood.
Other applications, such as industry assembly and heavy equipment, are also driving market growth. In the presence of moisture, the products provide a rapid cure, increasing production. Their qualities promote robust adhesion, reducing the need for mechanical fasteners.
Global MS Polymer Adhesives Market Size By Application 2021 (%), 2023 (%)
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Global MS Polymer Adhesives Market Regional Insights
Asia Pacific accounted for the largest revenue share of the global market. The growing demand for MS polymer is linked to the expansion of the building and manufacturing industries, as well as increased FDIs in the region. Growing infrastructure development and increased car production in the region are expected to boost the market growth. China is predicted to be a promising market for a variety of end-use industries. China's ongoing demand for industrial, health, hygiene, and infrastructure expansion has created a need for new construction projects, which is expected to enhance the country's construction sector. The country's expanding adhesive demand is boosting manufacturing expansion. In August 2018, Evonik Industries and Wynca announced plans to launch a joint venture in China to produce fumed silica to address the need for silicones, adhesives and sealants, and paints and coatings.
Europe had the second-largest revenue share. Rising consumer expenditure in both the residential and non-residential sectors is driving up construction activity, which is driving up product demand. The change in the construction sector towards the use of environmentally friendly adhesives and sealants is a major cause for the adoption of MS polymer adhesives. The United Kingdom is a prominent European market. Product demand is being driven by rising construction activity in the region.
Global MS Polymer Adhesives Market Size By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global MS Polymer Adhesives Market Dynamics
MS Polymer Adhesives Market Drivers
Use in automobiles and aerospace applications
- The use of MS polymer adhesives in the aerospace end-use industry is entirely based on the development of new aircraft as well as maintenance, repair, and operations (MRO). The commercial aerospace market has seen significant demand in recent years due to an increase in demand for advanced aircraft, which is mostly affected by new airline entrance and expansion of current carriers. During the forecast period, an increase in air traffic, desire for fuel-efficient aircraft, replacement of old aircraft and economic expansion in emerging regions are expected to drive demand for MS polymer adhesives in this end-use industry segment. The growing middle-class population and rising incomes in emerging markets are increasing the demand for air travel, which is fuelling the demand for new commercial aircraft. Such advancements will be critical in driving the market forward.
MS Polymer Adhesives Market Restraints
Lack of end-user acceptance
- The rate of acceptance of MS Polymers among end-users remains low. This lower acceptance rate could be related to a lack of awareness about the availability of hybrid adhesives or a preference for traditional adhesives. The outcomes produced using conventional adhesives are satisfactory to the end users. Neglecting the additional benefits of hybrid adhesives, such as enhanced flexibility/elongation, impact/thermal cycling resistance, peel strength, and long-term durability.
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Global MS Polymer Adhesives Market Competitive Landscape
The global MS polymer adhesives market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
MS Polymer Adhesives Market Top Player’s Company Profiles
- Henkel AG & Co. KGaA
- Bostik
- 3M Company
- Sika AG
- Huntsman Corporation
- Ashland Global Holdings Inc.
- H.B. Fuller Company
- Lord Corporation
- Illinois Tool Works Inc.
- Avery Dennison Corporation
- Dow Inc.
- Pidilite Industries Limited
- Permabond LLC
- Dymax Corporation
- Panacol-Elosol GmbH
- Jowat SE
- Mapei SpA
- RPM International Inc.
- Arkema Group
- Franklin International Inc.
MS Polymer Adhesives Market Recent Developments
- In May 2022, Hempvine announced the launch of its new Straight 8. This product was created specifically for a quick and pleasant way to correct poor posture. The product is innovative for the shoulders, lower and middle back, and neck, promoting muscle memory and correct alignment to preserve healthy posture.
- In November 2021, Ottobock announced that it has acquired suitX, a US-based firm with the expertise and products to change the exoskeleton market and increase the use of exoskeletons, prosthetics, and orthotics internationally.
- In October 2021, AP debuted its latest line of four hybrid sealants, combining the greatest properties of polyurethane and silicone with professional formulae for a variety of applications. The AMP advanced modified polymer sealants provide a weatherproof seal on both the interior and exterior of the building. It inhibits mold and mildew growth and can be used on wet and damp surfaces at temperatures ranging from 0 to 140 degrees Fahrenheit. The polymer adheres strongly to a variety of building materials and meets ASTM C920 requirements for contraction and expansion under harsh weather conditions.
- in February 2021, Bostik solidifies its position in the quickly growing Brazilian construction adhesives industry through the strategic acquisition of Poliplas, a leading company in hybrid-technology sealants and adhesives. The project follows Arkema's troubled growth strategy in adhesives and high-growing countries. Popilas has more than 2,000 customers to offer in this arrangement, as well as superior quality sealing and bonding solutions in different construction technologies, with rapid sales development, exceeding €10 million by 2020, and a plant in the state of So Paulo. The company is the leading local participant in the rapidly increasing hybrid sealants and adhesives market, a technology with a wide range of application features and a fundamental technology for Bostik worldwide.
Global MS Polymer Adhesives Key Market Trends
- The United States Environmental Protection Agency (US EPA), Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies have compelled manufacturers to produce eco-friendly adhesives with low VOC levels. The need for green adhesives or those with low VOC is increasing due to a growing trend of adopting eco-friendly or green products in numerous industries. Moving towards a more sustainable product portfolio has created a substantial growth opportunity for the sector. Green buildings are becoming more popular in the worldwide construction sector. This appears to be encouraging for the development of greener, more sustainable adhesive solutions. These eco-friendly adhesives are made from renewable, recycled, remanufactured, or biodegradable ingredients. The use of such environmentally friendly items is also beneficial to human health. The European and US markets are heavily regulated by REACH and GHS. More emphasis is being placed on eliminating the use of banned or hazardous compounds in the production of adhesives and sealants, such as organotins, mercury, monomeric isocyanates, pyrrolidones, phthalates, and nonylphenols. This helps to drive the MS Polymers industry forward. This is expected to enhance the adoption of environmentally friendly products and improve the company's image for promoting environmentally friendly items, thereby increasing friendliness.
Global MS Polymer Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global MS polymer adhesives market analysis, this adhesive is a synthetic bonding adhesive based on polymers. In the automotive and industrial assembly industries, adhesives are in high demand. These products are designed to increase production efficiency while decreasing production costs. The biggest money was made in the building and construction industry. Rising demand for sealing and waterproofing products is propelling the segment. Asia Pacific had the highest revenue share in the worldwide market. The expansion of the building and manufacturing industries, as well as increased FDIs in the region, are driving up demand for MS polymer.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.2 billion |
| Market size value in 2031 | USD 8.35 billion |
| Growth Rate | 6.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
MS Polymer Adhesives Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global MS Polymer Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global MS Polymer Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global MS Polymer Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global MS Polymer Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global MS Polymer Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global MS Polymer Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global MS Polymer Adhesives Market Report Snapshots
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