Increasing demand for lightweight and low carbon-emitting vehicles to boost global methyl methacrylate adhesives market through 2024

According to a TechSci Research report, “Global Methyl Methacrylate Adhesives Market By Raw Material, By Substrate, By End Use Industry, Competition, Forecast & Opportunities, 2024” global methyl methacrylate adhesives market is anticipated to witness healthy growth during forecast period of 2019-2024. Methyl methacrylate adhesives (MMAs) are reactive acrylic adhesives generally comprising resin and initiator (or a resin and hardener). They rapidly cure at room temperature. Once cure is complete, the material forms a strong thermoplastic with exceptional resistance to peel, shear and impact stresses. Global methyl methacrylate adhesives market is broadly segmented into raw material, substrate, end use industry and region. Based on raw material, the market is categorized into acetone cyanohydrin, propionaldehyde, isobutyric acid and others.

On the basis of substrate, the market is segmented as metal, plastic, composite and others, of which, composite is one of the most extensively used substrates of MMA adhesives due to the requirement for maintaining the cost, design and production speed for the marine and transportation industries as well as refining aesthetics. MMA adhesives are known for niche applications of composite bonding, since they can bond materials with different surface energies along with sheet moulding compound (SMC), which earlier had concerns owing to incompatibility with some mold releases. These adhesives are used to bond composite to metal substrates as well as composite to composite structures.

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Based on end use industry, the market is segmented into construction, automotive, electronics, medicals, sports and others. Among these, automotive & transportation is anticipated to lead global methyl methacrylate adhesives market during forecast period. The use of MMA adhesives in automotive & transportation industry is growing as they decrease the weight of vehicles and provide superior performance characteristics. These adhesives are also utilized in auto components and automobile interiors and exteriors.

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“Among regions, Asia-Pacific methyl methacrylate adhesives market is anticipated to register the highest CAGR during forecast period. High demand from wind energy, marine industry and automotive & transportation is fuelling demand for methyl methacrylate adhesives in the region. Moreover, the region has emerged as a leading vehicle producer, as various automotive manufacturers are shifting their base to emerging markets led by economic slowdown and saturation in regions like North America and Europe.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Methyl Methacrylate Adhesives Market By Raw Material, By Substrate, By End Use Industry, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global methyl methacrylate adhesives market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global methyl methacrylate adhesives market.

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