Methyl Methacrylate (MMA) Adhesives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Substrate (Composites, Plastics, Metals, Others), By End-User Industry (Aerospace, Transportation, Building & Construction, Marine, Energy and Power, Others), And By Geography - Forecasts From 2023 To 2028

The methyl methacrylate (MMA) adhesives market is expected to grow at a CAGR of 6.32% during the forecast period.

Methyl Methacrylate (MMA) adhesive is a type of strong and durable structural adhesive that is used in various industrial applications. MMA adhesives are made up of two components: a liquid resin and a hardener. When these two components are mixed, they chemically react to form a strong bond. MMA adhesives are commonly used in industries such as aerospace, automotive, construction, and marine, where strong bonding is required for different materials such as metals, plastics, and composites. The fastest-growing substrate in the methyl methacrylate market is composites.

They have various advantages over other types of adhesives. They cure quickly, often within minutes, which is ideal for applications with rapid bonding. They also have excellent temperature and chemical resistance, making them suitable for harsh environments. Additionally, they are highly durable, can withstand vibration, impact, and other mechanical stress, and are resistant to a wide range of chemicals, including oils, solvents, and acids. MMA adhesives are highly durable and can withstand vibration, impact, and other forms of mechanical stress.

Market Drivers

• Growing need for lightweight materials and components

The growing need for lightweight materials and components in various industries is a significant driving agent of the demand for methyl methacrylate adhesives. Many industries are focused on reducing the weight of their products to improve fuel efficiency, reduce emissions, and improve performance. MMA adhesives can effectively bond lightweight materials such as composites, plastics, and metals, making them an essential component in manufacturing lightweight vehicles, aircraft, and boats. Furthermore, the use of lightweight materials can also improve the performance and durability of products. In industries such as aerospace and automotive, lightweight materials can provide better performance and handling and increased durability due to the reduced stress on the components.

By reducing the weight of products, the number of raw materials required for manufacturing can be reduced, and the carbon footprint of the product can be minimized. Moreover, the increasing demand for eco-friendly adhesives is also driving the growth of the MMA adhesives market. MMA adhesives are free from solvents, which reduces the risk of volatile organic compounds (VOC) emissions. This makes them an environmentally friendly alternative to solvent-based adhesives that pose a risk to human health and the environment.

• Building & Construction Industry

As economies grow, demand for new infrastructure, such as highways, airports, and public transportation systems, requires new construction. The increasing urbanization of populations also fuels the need for new residential and commercial buildings as more people move from rural areas to cities in search of job opportunities, education, and other benefits of urban living. The building & construction industry is further driving the demand for the MMA adhesives market. The foremost reason is the need for high-performance adhesives that can bond various materials, such as concrete, steel, and other construction materials in the construction industry. MMA adhesives have strong bonding strength, which allows them to create a durable bond between dissimilar materials, making them optimal for use in construction. Their property to withstand extreme temperatures and exposure to chemicals makes them ideal for construction applications where exposure to chemicals or harsh environments is common. Moreover, MMA adhesives are known for effectively filling gaps and voids, which is essential in construction applications where a seamless, tight bond is necessary.

Market Developments:

• In November 2022, ITW Performance Polymers launched the new MMA structural adhesive Plexus MA8105, which offers fast room-temperature curing and overcomes the problem of difficulty bonding in older MMA adhesives.

Asia-Pacific to show notable growth.

Asia Pacific is expected to witness the highest growth in the methyl methacrylate adhesives market in the forecast period. This is due to a combination of factors, including the growing demand for methyl methacrylate adhesives in various end-use industries, the availability of low-cost labor, and the presence of major methyl methacrylate adhesives producers in the region. The APAC region has seen significant investments in infrastructure development, including transportation, housing, and commercial construction, further driving the demand for MMA adhesives. With the increasing demand for sustainable and energy-efficient buildings, the construction industry is increasingly adopting MMA adhesives as they offer several advantages over traditional adhesives, such as faster curing times and high-strength bonding. The rapid growth of the MMA adhesives market in the APAC region is due to the increasing demand for lightweight and durable materials in various end-use industries, such as automotive, construction, and electronics. India is another key market for methyl methacrylate adhesives in Asia-Pacific. The country has a growing population and an expanding middle class, driving the demand for construction. This is fueling the need for MMA adhesives as a key raw material in this industry. Countries such as Thailand and Japan are expected to hold a considerable share in the growth of this market in the region.

The North American and European regions account for a notable share of the methyl methacrylate adhesives market due to an increasing focus on sustainability and the circular economy. Many companies in these regions seek to reduce their environmental footprint and are looking for more sustainable raw materials. Methyl Methacrylate (MMA) Adhesives, as a key raw material, are increasingly being used as a more sustainable alternative to traditional raw materials. The growth of the Methyl Methacrylate (MMA) Adhesives market in this region is expected to continue in the forecast period, driven by the expansion of the chemical industry and favorable government policies and regulations.

Methyl Methacrylate Adhesives Market Scope:

 

Report Metric	Details
Growth Rate	CAGR of 6.32% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Substrate, End-User Industry, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Elixir India, Permabond Engineering Adhesives, Vitrochem Technology, Gluespec, Bostik, HB Fuller, Sika, Henkel Adhesives, ITW Performance Polymers, Advanced Adhesives Systems Inc.
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• BY SUBSTRATE
  • Composites
  • Plastics
  • Metals
  • Others
• BY END-USER INDUSTRY
  • Aerospace
  • Transportation
  • Building & Construction
  • Marine
  • Energy and Power
  • Others
• BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. METHYL METHACRYLATE ADHESIVES MARKET BY SUBSTRATE

5.1. Introduction

5.2. Composites

5.3. Plastics

5.4. Metals

5.5. Others

6. METHYL METHACRYLATE ADHESIVES MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Aerospace

6.3. Transportation

6.4. Building & Construction

6.5. Marine

6.6. Energy and Power

6.7. Others

7. METHYL METHACRYLATE ADHESIVES MARKET BY GEOGRAPHY

7.1. Introduction 

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.2.4. Others

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Market Share Analysis

9. COMPANY PROFILES

9.1. Elixir India

9.2. Permabond Engineering Adhesives

9.3. Vitrochem Technology

9.4. Gluespec

9.5. Bostik

9.6. HB Fuller

9.7. Sika

9.8. Henkel Adhesives

9.9. ITW Performance Polymers

9.10. Advanced Adhesives Systems Inc.

Elixir India

Permabond Engineering Adhesives

Vitrochem Technology

Gluespec

Bostik

HB Fuller

Sika

Henkel Adhesives

ITW Performance Polymers

Advanced Adhesives Systems Inc.