Global Methyl Methacrylate Adhesives Market Report and Forecast 2023-2028

Global Methyl Methacrylate Adhesives Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global methyl methacrylate adhesives market reached a value of USD 1.42 billion in 2022. Aided by the ever-increasing demand from diverse sectors and the superior properties offered by MMA adhesives, the market is projected to further grow at a CAGR of 7.73% between 2023 and 2028 to reach a value of USD 2.22 billion by 2028.

Methyl methacrylate adhesives, known for their strong bonding capabilities, are two-part acrylic adhesives that cure at room temperature. These adhesives have the distinct advantage of adhering to a wide range of substrates, including plastics, metals, and composite materials. This unique feature, combined with their rapid curing properties and exceptional resistance to temperatures and chemicals, has led to MMA adhesives becoming indispensable in various applications across multiple industries.

One of the key methyl methacrylate adhesives market trends driving the market include the burgeoning automotive and transportation sectors. The trend of lightweight vehicle manufacturing, aimed at fuel efficiency and reduced emissions, has accelerated the demand for MMA adhesives. They offer a reliable solution to bond lightweight composite materials without compromising on the structural integrity of vehicles.

Furthermore, the aviation and aerospace sectors contribute significantly to the rising demand for MMA adhesives. The necessity for high-performance bonding solutions, capable of withstanding extreme conditions and providing durable bonds for aircraft components, makes MMA adhesives an essential component in aircraft manufacturing. In this regard, the heightening incorporation of advanced aircrafts in the military sector is fuelling the methyl methacrylate adhesives market demand.

The construction and infrastructure sectors have also shown a growing affinity for MMA adhesives, driven by the rising urbanisation and the need for robust bonding solutions in building projects. These adhesives are extensively used in panel bonding, structural glazing, and other architectural applications, given their ability to provide clear and aesthetic finishes.

In addition, the increasing innovation in medical equipment and devices, wherein MMA adhesives are crucial for bonding and assembly, is opening new avenues for methyl methacrylate adhesives market growth. The healthcare sector's consistent evolution and the resultant demand for advanced medical tools and equipment further solidify MMA adhesives' position in the global market.

Market Segmentation

The market can be divided based on product, end-use, and region.

Market Breakup by Product

• Metal
• Plastic
• Composite
• Others

Market Breakup by End-Use

• Automotive and Transportation
• Building and Construction
• Marine
• Wind Energy
• General Assembly
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global methyl methacrylate adhesives companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• The 3M Company
• Arkema S.A
• Cedesa Ltd
• Scott Bader Company Limited
• Henkel AG & Co. KGaA
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.