The market size of MS polymer adhesives is estimated to grow from USD 5.2 billion in 2021 to USD 7.5 billion by 2027, at a CAGR of 6.1% during the same period. Increasing demand for MS polymer in manufacturing adhesives & sealants and environmental regulations in North America and Europe are the key driving factors for the market.
MS polymer adhesives are free of isocyanates, solvents, and silicones, which make them more reliable than conventional adhesives and sealants. The major challenge faced by the manufacturers is to create awareness about the benefits of MS polymer adhesives over conventional adhesives and sealants. The other key factor driving the growth of the market includes environmental regulations in North American and European countries for the use of solvent- and isocyanate-based adhesives.
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The following are the major growth strategies adopted by the companies from 2017 to 2022 :
Sika AG (Switzerland) is a specialty chemicals company with a leading position in developing and producing systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicles industries. It operates through 2 business segments, namely, construction and industrial.
Henkel AG (Germany) operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through 4 business segments, namely, adhesive technologies, laundry & home care, beauty care, and corporate. Henkel has operations in Europe, Middle East & Africa, North America, Latin America, and Asia Pacific. It operates 174 production sites in 56 countries.
MS Polymer Adhesives Market by Type (Adhesives, Sealants), End Use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly) and Region (Asia Pacific, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2027
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