Product ID: SQMIG15E2168
Global MS Polymer Adhesives Market Size, Share, Growth Analysis, By Product(Sealants and Adhesives), By Application(Building and construction, transportation) - Industry Forecast 2024-2031
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 2019 and is poised to grow from USD 5.52 billion in 2023 to USD 8.35 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
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.
Global MS Polymer Adhesives Market Report Snapshots
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