HOME Top Market Reports Methyl Methacrylate (MMA) Adhesive Market by Material Type (Composites, Metals, Plastics, and Others), by Application (Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others), & by Region - Global Forecasts to 2020

Methyl Methacrylate (MMA) Adhesive Market by Material Type (Composites, Metals, Plastics, and Others), by Application (Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others), & by Region - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: CH 4119

 

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The global MMA adhesive market is expected to register a CAGR of 5.73% and the market size, in terms of value, is projected to reach USD 1.30 Billion by 2020. Years considered for the study i.e base year is 2014 and forecast year is 2020. The market for MMA adhesive includes adhesive used for bonding of components in applications such as commercial vehicle, marine, wind energy, general assembly, and others. Commercial vehicle application is expected to dominate the global MMA adhesive market due to the increasing demand for bonding of dissimilar materials and increasing penetration of advanced materials such as aluminum and composites in the commercial vehicles, which will increase the demand for MMA adhesive. Materials type considered in the study includes composites, plastics, metals, and others. Bonding of composites material type is expected to hold the highest share in MMA adhesive market. Years considered for the study i.e base year is 2014 and forecast year is 2020.

Research Methodology

Top-down and bottom-up approaches have been used to estimate and validate the market size of MMA adhesive and its applications in each region. The overall market size has been used to estimate the size of individual applications through percentage splits from secondary and primary research. For calculating the size of specific application, the most appropriate immediate parent market size has been used to implement the top-down approach. The key players of MMA adhesive market have been identified through secondary research and their market shares in respective regions were determined through primary and secondary researches. All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources. These data are presented in the report after consolidation, as well as addition of detailed inputs and analysis.

Methyl Methacrylate Adhesives Market

To know about the assumptions considered for the study, download the pdf brochure

The basic raw materials used in the manufacturing of MMA adhesive are MMA monomers and impact modifiers. These raw materials are procured from different suppliers. The value chain of the MMA adhesive market starts with the sourcing of basic raw materials. It includes the manufacturing of MMA adhesive and the delivery of the product for end-use applications. Some of the major end-use applications of MMA adhesive are commercial vehicle, marine, wind energy, general assembly, and others.

Key Target Audience:

Study answers several questions for the stakeholders,  primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments. Stakeholders for this report includes:

  • MMA Adhesive Manufacturers
  • Raw Material Suppliers
  • Manufacturing Technology Providers
  • Industry Associations
  • Manufacturers in Application Industries such as Transportation, Wind Energy, Electrical & Electronics, Adhesive, Marine, Composites, and Others
  • Traders, Distributors, and Suppliers of MMA Adhesive
  • Non-governmental Organizations, Governments, Regional Agencies, and Research Organizations

Scope of the Report

The various segments and subsegments of the MMA adhesive market has been covered in detail in this report. To provide an all-round picture, the current market demand and forecasts have also been included. The MMA adhesive market is segmented as follows:

On the basis of Material Type:

  • Composites
  • Metals
  • Plastics
  • Others

On the basis of Application:

  • Commercial Vehicle
  • Marine
  • Wind Energy
  • General Assembly
  • Others

On the basis of Region:

  • North America
  • Western Europe
  • Asia-Pacific
  • Rest of the World

The market is further analyzed for the key countries in each of these regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia-Pacific MMA adhesive market into Italy, U.K., Mexico, and others
  • Further breakdown of other regions of RoW into Middle Eastern regional countries, Russia, and Rest of Latin America

Company Information

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

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for The Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Introduction
           2.1.1 Secondary Data
           2.1.2 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities for Market Players
    4.2 MMA Adhesive Market: Major Material Types
    4.3 MMA Adhesive Market: Developed vs Developing Nations
    4.4 Life Cycle Analysis
    4.5 MMA Adhesive Market
    4.6 U.S. Dominated The MMA Adhesive Market

5 Market Overview (Page No. - 38)
    5.1 Introduction
           5.1.1 Benefits Offered By MMA Adhesive
           5.1.2 Factors to Be Considered While Selecting Adhesive
           5.1.3 Comparative Analysis of MMA With Two Major Types of Structural Adhesive
    5.2 Market Segmentation
           5.2.1 By Material Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Demand From Commercial Vehicles and Marine Industries
                    5.3.1.2 Excellent Performance of MMA Adhesive
           5.3.2 Restraints
                    5.3.2.1 Volatility in Raw Material Prices
                    5.3.2.2 Unstable Economic Conditions
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand From New Applications Such as Wind Energy, Construction, Automotive, and Repairs
                    5.3.3.2 Growing Popularity of Non-Hazardous, Green, and Sustainable Adhesive
                    5.3.3.3 Creating Awareness About Advantages of Adhesive Over Conventional Techniques
           5.3.4 Challenges
                    5.3.4.1 Popularity of Epoxy and Pu Adhesive
                    5.3.4.2 Limited Market Opportunities in High-End Applications

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Bargaining Power of Buyers
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Threat of Substitutes
           6.3.5 Threat of New Entrants
    6.4 Price Analysis

7 MMA Adhesive Market, By Material Type (Page No. - 54)
    7.1 Introduction
    7.2 Composites
    7.3 Plastics
    7.4 Metals
    7.5 Others

8 MMA Adhesive Market, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Commercial Vehicle Application
    8.3 Marine Application
    8.4 Wind Energy Application
    8.5 General Assembly Application
    8.6 Other Application

9 MMA Adhesive Market, By Region (Page No. - 71)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Others
    9.3 Europe
           9.3.1 Germany
           9.3.2 Others
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Others
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Others

10 Competitive Landscape (Page No. - 115)
     10.1 Overview
     10.2 Competitive Situations and Trends
     10.3 New Product Launches
     10.4 Investments & Expansions
     10.5 Partnerships, Contracts, and Agreements
     10.6 Mergers & Acquisitions

11 Company Profiles (Page No. - 121)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Illinois Tool Works Inc. (ITW)
     11.2 Henkel Corporation
     11.3 Scigrip
     11.4 Arkema S.A.
     11.5 Scott Bader Company Ltd.
     11.6 Lord Corporation
     11.7 3M Company
     11.8 Huntsman Corporation
     11.9 Cyberbond L.L.C.
     11.10 Permabond LLC.
     11.11 Parson Adhesive, Inc.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 153)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (116 Tables)

Table 1 MMA Adhesive Market Snapshot: Market for MMA Adhesive to Show High Growth Rate From 2015 to 2020
Table 2 MMA Adhesive vs Epoxy and Pu Adhesive
Table 3 MMA Adhesive- Material Type
Table 4 MMA Adhesive - Applications
Table 5 MMA Adhesive Market Size, By Material Type, 2013–2020 (USD Thousand)
Table 6 MMA Adhesive Market Size, By Material Type, 2013–2020 (Ton)
Table 7 MMA Adhesive Market Size for Composites, By Region,  2013–2020 (USD Thousand)
Table 8 MMA Adhesive Market Size for Composites, By Region, 2013–2020 (Ton)
Table 9 MMA Adhesive Market Size for Plastics, By Region,  2013–2020 (USD Thousand)
Table 10 MMA Adhesive Market Size for Plastics, By Region, 2013–2020 (Ton)
Table 11 MMA Adhesive Market Size for Metals, By Region, 2013–2020 (USD Thousand)
Table 12 MMA Adhesive Market Size for Metals, By Region, 2013–2020 (Ton)
Table 13 MMA Adhesive Market Size By Others, By Region, 2013–2020 (USD Thousand)
Table 14 Others MMA Adhesive Market Size, By Region, 2013–2020 (Ton)
Table 15 MMA Adhesive Market Size, By Application, 2013 – 2020 (USD Thousand)
Table 16 MMA Adhesive Market Size, By Application, 2013 – 2020 (Ton)
Table 17 MMA Adhesive Market Size in Commercial Vehicle, By Region,  2013 – 2020 (USD Thousand)
Table 18 MMA Adhesive Market Size in Commercial Vehicle, By Region,  2013 – 2020 (Ton)
Table 19 MMA Adhesive Market Size in Marine, By Region, 2013 – 2020 (USD Thousand)
Table 20 MMA Adhesive Market Size in Marine, By Region, 2013 – 2020 (Ton)
Table 21 MMA Adhesive Market Size in Wind Energy, By Region,  2013 – 2020 (USD Thousand)
Table 22 MMA Adhesive Market Size in Wind Energy, By Region, 2013 – 2020 (Ton)
Table 23 MMA Adhesive Market Size in General Assembly, By Region,  2013 – 2020 (USD Thousand)
Table 24 MMA Adhesive Market Size in General Assembly, By Region, 2013 – 2020 (Ton)
Table 25 MMA Adhesive Market Size in Other Applications, By Region,  2013 – 2020 (USD Thousand)
Table 26 MMA Adhesive Market Size in Other Applications, By Region, 2013 – 2020 (Ton)
Table 27 MMA Adhesive Market Size, By Region, 2013–2020 (USD Thousand)
Table 28 MMA Adhesive Market Size, By Region, 2013–2020 (Ton)
Table 29 North America: MMA Adhesive Market Size, By Country,  2013–2020 (USD Thousand)
Table 30 North America: MMA Adhesive Market Size, By Country, 2013–2020 (Ton)
Table 31 North America: MMA Adhesive Market Size, By Material Type, 2013–2020 (USD Thousand)
Table 32 North America: MMA Adhesive Market Size, By Material Type, 2013–2020 (Ton)
Table 33 North America: MMA Adhesive Market Size, By Application,  2013–2020 (USD Thousand)
Table 34 North America: MMA Adhesive Market Size, By Application, 2013-2020 (Ton)
Table 35 U.S.: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 36 U.S.: MMA Adhesive Market Size for Composites, By Application, 2013–2020 (Ton)
Table 37 U.S.: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (USD Thousand)
Table 38 U.S.: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (Ton)
Table 39 U.S.: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 40 U.S.: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 41 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 42 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 43 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (USD Thousand)
Table 44 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (Ton)
Table 45 Others: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 46 Others: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 47 Europe: MMA Adhesive Market Size, By Country, 2013–2020 (USD Thousand)
Table 48 Europe: MMA Adhesive Market Size, By Country, 2013–2020 (Ton)
Table 49 Europe: MMA Adhesive Market Size, By Material Type, 2013–2020 (USD Thousand)
Table 50 Europe: MMA Adhesive Market Size, By Material Type, 2013–2020 (Ton)
Table 51 Europe: MMA Adhesive Market Size, By Application,  2013–2020 (USD Thousand)
Table 52 Europe: MMA Adhesive Market Size, By Application, 2013-2020 (Ton)
Table 53 Germany: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 54 Germany: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 55 Germany: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (USD Thousand)
Table 56 Germany: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (Ton)
Table 57 Germany: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 58 Germany: MMA Adhesive Market Size, By Materials, 2013–2020 (Ton)
Table 59 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 60 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 61 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (USD Thousand)
Table 62 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (Ton)
Table 63 Others: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 64 Others: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 65 Asia-Pacific: MMA Adhesive Market Size, By Country, 2013–2020 (USD Thousand)
Table 66 Asia-Pacific: MMA Adhesive Market Size, By Country, 2013–2020 (Ton)
Table 67 Asia-Pacific: MMA Adhesive Market Size, By Material Type, 2013–2020 (USD Thousand)
Table 68 Asia-Pacific: MMA Adhesive Market Size, By Material Type, 2013–2020 (Ton)
Table 69 Asia-Pacific: MMA Adhesive Market Size, By Application,  2013–2020 (USD Thousand)
Table 70 Asia-Pacific: MMA Adhesive Market Size, By Application, 2013-2020 (Ton)
Table 71 China: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 72 China: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 73 China: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (USD Thousand)
Table 74 China: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (Ton)
Table 75 China: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 76 China: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 77 Japan: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 78 Japan: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 79 Japan: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (USD Thousand)
Table 80 Japan: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (Ton)
Table 81 Japan: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 82 Japan: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 83 India: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 84 India: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 85 India: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (USD Thousand)
Table 86 India: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (Ton)
Table 87 India: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 88 India: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 89 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 90 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 91 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (USD Thousand)
Table 92 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (Ton)
Table 93 Others: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 94 Others: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 95 RoW: MMA Adhesive Market Size, By Country, 2013–2020 (USD Thousand)
Table 96 RoW: MMA Adhesive Market Size, By Country, 2013–2020 (Ton)
Table 97 RoW: MMA Adhesive Market Size, By Material Type, 2013–2020 (USD Thousand)
Table 98 RoW: MMA Adhesive Market Size, By Material Type, 2013–2020 (Ton)
Table 99 RoW: MMA Adhesive Market Size, By Application, 2013–2020 (USD Thousand)
Table 100 RoW: MMA Adhesive Market Size, By Application, 2013-2020 (Ton)
Table 101 Brazil: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 102 Brazil: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 103 Brazil: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (USD Thousand)
Table 104 Brazil: MMA Adhesive Market Size for Non-Composites, By Application,  2013–2020 (Ton)
Table 105 Brazil: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 106 Brazil: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 107 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (USD Thousand)
Table 108 Others: MMA Adhesive Market Size for Composites, By Application,  2013–2020 (Ton)
Table 109 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (USD Thousand)
Table 110 Others: MMA Adhesive Market Size for Non-Composites, By Application, 2013–2020 (Ton)
Table 111 Others: MMA Adhesive Market Size, By Material, 2013–2020 (USD Thousand)
Table 112 Others: MMA Adhesive Market Size, By Material, 2013–2020 (Ton)
Table 113 New Product Launches, 2011–2015
Table 114 Investments & Expansions, 2011–2015
Table 115 Partnerships, Contracts, and Agreements, 2011–2015
Table 116 Mergers and Acquisition, 2011–2015


List of Figures (54 Figures)

Figure 1 MMA Adhesive Market Segmentation
Figure 2 MMA Adhesive Market: Research Design
Figure 3 Data From Primary Sources
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Limitations of The Research Study
Figure 9 MMA Adhesive Market in Marine Segment to Record The Highest CAGR
Figure 10 Composite and Metals Segments to Register The Highgrowth During The Forecast Period
Figure 11 North America Accounted for The Largest Share in The MMA Adhesive Market in 2014
Figure 12 North America to Grow at The Highest Rate During The Forecast Period
Figure 13 Composites and Metals Segments to Grow at The Highest Rate
Figure 14 India to Grow at The Highest Rate During The Forecast Period
Figure 15 North America to Show Robust Growth in The MMA Adhesive Market During Forecast Period
Figure 16 Commercial Vehicle Segment Accounted for The Largest Share of The MMA Adhesive Market in 2014
Figure 17 U.S. and China Accounted for The Largest Share in The MMA Adhesive Market in 2014
Figure 18 MMA Adhesive, By Material Type
Figure 19 MMA Adhesive Market, By Application
Figure 20 MMA Adhesives Market, By Region
Figure 21 Drivers, Restraints, Opportunities, and Challenges
Figure 22 MMA Adhesives Value-Chain Analysis
Figure 23 Porter’s Five Forces Analysis
Figure 24 Price of MMA Adhesives is Projected to Reduce in The Next Five Years
Figure 25 Composites to Register Highest Growth During The Forecast Period
Figure 26 Marine Application to Grow Fastest, Between 2015-2020
Figure 27 Regional Snapshot—U.S. and India are Emerging as New Strategic Locations in The Global MMA Adhesive Market
Figure 28 North America—Preferred Destination for MMA Adhesive Materials
Figure 29 North America to Dominate Major MMA Adhesive Applications
Figure 30 North American Market Snapshot
Figure 31 European Market Snapshot
Figure 32 Composites to Register Highest Growth in Asia-Pacific
Figure 33 Companies Adopted Investment & Expansion as The Key Growth Strategy, 2011–2015
Figure 34 Growth Strategies of Major Companies, 2011–2014
Figure 35 Battle for Market Share: New Product Development Was The Key Strategy, 2011–2015
Figure 36 Geographic Revenue Mix of Top 5 Market Players
Figure 37 ITW: Company Snapshot
Figure 38 ITW: SWOT Analysis
Figure 39 Henkel Corp.: Company Snapshot
Figure 40 Henkel AG &Company: SWOT Analysis
Figure 41 Scigrip: SWOT Analysis
Figure 42 Arkema S.A.: Company Snapshot
Figure 43 Arkema S.A.: SWOT Analysis
Figure 44 Scott Bader Company Ltd.: Company Snapshot
Figure 45 Scott Bader: SWOT Analysis
Figure 46 Lord Corporation: Company Snapshot
Figure 47 Lord Corporation: SWOT Analysis
Figure 48 3M Company: Company Snapshot
Figure 49 3M Company: SWOT Analysis
Figure 50 Huntsman Corporation: Company Snapshot
Figure 51 Huntsman Corporation: SWOT Analysis
Figure 52 Cyberbond: SWOT Analysis
Figure 53 Permabond LLC :SWOT Analysis
Figure 54 Parson Adhesives, Inc.: SWOT Analysis

The MMA adhesive market size, in terms of value, is estimated to reach USD 1.30 Billion by 2020, signifying a firm CAGR of over 5.73% between 2015 and 2020. The drivers identified for the MMA adhesive market are high demand from commercial vehicle and marine applications, increasing awareness and excellent performance of MMA adhesive.

Marine application is the fastest growing application in MMA adhesive due to rising demand for recreational boating.  For the marine industry, MMA adhesive offer adjustable assembly time for components of complex nature such as bonding of hull to deck, UV resistance when white joints are exposed, primer less bonding of metals and composites substrates, strong, and durable bond not susceptible to brittleness or cracking.

Composites materials are estimated to witness the best growth prospects for MMA adhesive. MMA adhesive are popular for niche applications of composite bonding, as they can bond large assemblies and materials having different surface energies along with SMC, which earlier had concerns owing to incompatibility with some mold releases. MMA adhesive enable bonding of thinner substrates with low read-through lines without any distortion on the outer surface of the component. These adhesive are extensively used by the marine and transportation industries owing to the need for improving aesthetics along with maintaining design, costs, and speed of production.

The biggest market of MMA adhesive is North America, followed by Europe and Asia-Pacific.. It is estimated that North America will record a high growth due to strong demand from commercial vehicle and marine segments. The North American market has been a leader with respect to demand of MMA adhesive as well as product innovation in terms of improved performance, durability, and new application development, such as in commercial vehicle, marine, automotive, pipes and tanks, and wind energy industry. The growing enforcements of regulations by various states and the region’s regulatory bodies and administrations such as FDA and EPA, over the use of adhesive products are encouraging the manufacturers to produce eco-friendly products such as MMA adhesive

Methyl Methacrylate Adhesives Market

Price and availability of raw materials and production process are the key factors considered by manufacturers for determining the cost structure of their products MMA adhesive market. Raw materials used are mostly base polymers and impact modifiers that are procured from different suppliers.

The MMA adhesive market competitive with a few dominant leaders such as Arkema (France), Henkel AG & Company (Germany), ITW (U.S.), Lord Corporation (U.S.), SCIGRIP (U.K.), Scott Bader (U.K.), and large number of small-to-medium scale players.

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