Sika AG (Switzerland) and Henkel AG (Germany) are Leading Players in the MS Polymer Adhesives Market
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.
To know about the assumptions considered for the study download the pdf brochure
The following are the major growth strategies adopted by the companies from 2017 to 2022 :
- Mergers and acquisitions
- Joint ventures
- New product developments/launches
- Investments and expansions
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.
- In December 2021, Sika AG set up a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, India. Developments at the new R&D laboratories and production in the new plant meet rapidly growing demand in the Indian market.
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.
- In June 2022, Henkel expanded its production capabilities in Mexico by opening a new state-of-the-art plant for hot melt adhesives in Guadalupe, Nuevo Leon. The new facility has been designed to primarily manufacture pressure-sensitive and non-pressure-sensitive hot melts under the leading Technomelt brand.
Related Reports:
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
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
