Methyl Methacrylate (MMA) Adhesives Market Size (2024 - 2029)

The methyl methacrylate adhesives market is anticipated to experience significant growth, driven by the increasing demand for lightweight solutions and enhanced compatibility with various substrates. Despite the high costs posing a challenge, the transportation sector remains a key contributor to the market's expansion, supported by rising automotive production and transportation infrastructure development. Opportunities for market growth are also present in the aerospace and construction sectors. The Asia-Pacific region leads in market consumption, with substantial contributions from countries like China, India, and Indonesia.

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Market Size of Methyl Methacrylate (MMA) Adhesives Industry

Methyl Methacrylate Adhesives Market Report
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Methyl Methacrylate Adhesives Market Key Players

*Disclaimer: Major Players sorted in no particular order

Methyl Methacrylate (MMA) Adhesives Market Analysis

The methyl methacrylate (MMA) adhesives market is expected to register a CAGR of more than 7%, during the forecast period. Major factors driving the market studied are increasing demand for lightweight and streamlined solutions, and better compatibility with metals and other special substrates. However, the high cost associated with MMA adhesives is expected to hinder the growth of the market studied.

  • Among end users, the transportation segment dominated the market, and is expected to grow during the forecast period, owing to increasing automotive productionand increasing transportation infrastructure, due to increased need for mobility, with the growing population.
  • Growth in the usage of MMA adhesives for transportation, aerospace, and construction applications is likely to act as an opportunity for the market, in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, India, and Indonesia.

Methyl Methacrylate (MMA) Adhesives Industry Segmentation

The methyl methacrylate (MMA) adhesives market report includes:

Substrate
Metal
Plastics
Composites
Other Substrates
End User
Building and Construction
Aerospace
Power Generation (Wind Energy)
Transportation
Other End Users
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Methyl Methacrylate (MMA) Adhesives Market Size Summary

The methyl methacrylate (MMA) adhesives market is poised for significant growth, driven by the increasing demand for lightweight and efficient solutions, along with their enhanced compatibility with metals and specialized substrates. Despite the high cost associated with MMA adhesives posing a challenge, the market is expected to expand, particularly in the transportation sector, which currently leads in market share. This growth is attributed to the rising production of vehicles and the expansion of transportation infrastructure to meet the mobility needs of a growing population. Additionally, the use of MMA adhesives in transportation, aerospace, and construction applications presents future opportunities for market expansion. The Asia-Pacific region, with countries like China, India, and Indonesia, dominates the global market, benefiting from robust industrial growth in these sectors.

The building and construction industry, especially in emerging economies within Asia-Pacific and South America, is experiencing a surge, further fueling the demand for MMA adhesives. Factors such as rapid urbanization, increasing population, and rising purchasing power are driving this sector's growth. MMA adhesives are utilized in various applications within construction, including windows, uPVC doors, and architectural components, offering durable solutions that surpass traditional materials. The construction industry's expansion is also supported by the growing use of PMMA-extruded sheets, which provide benefits like UV resistance and good heat insulation, making them ideal for applications such as greenhouses. The market is consolidated, with major players like 3M, ITW Polymers Adhesives, H.B. Fuller Company, Huntsman Corporation, and Sika AG holding significant shares, indicating a competitive landscape with key companies driving innovation and market presence.

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Methyl Methacrylate (MMA) Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Lightweight and Streamlined Solutions

      2. 1.1.2 Better Compatibility with Metals and Other Special Substrates

      3. 1.1.3 Increasing Demand from the Marine Sector in the Asia-Pacific Region

    2. 1.2 Restraints

      1. 1.2.1 High Costs Associated with MMA Adhesives

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Substrate

      1. 2.1.1 Metal

      2. 2.1.2 Plastics

      3. 2.1.3 Composites

      4. 2.1.4 Other Substrates

    2. 2.2 End User

      1. 2.2.1 Building and Construction

      2. 2.2.2 Aerospace

      3. 2.2.3 Power Generation (Wind Energy)

      4. 2.2.4 Transportation

      5. 2.2.5 Other End Users

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Methyl Methacrylate (MMA) Adhesives Market Size FAQs

The Methyl Methacrylate (MMA) Adhesives Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

3M, ITW Polymers Adhesives, H.B. Fuller Company, Huntsman Corporation and Sika AG are the major companies operating in the Methyl Methacrylate (MMA) Adhesives Market.

Methyl Methacrylate (MMA) Adhesives Market Report Snapshots

Methyl Methacrylate Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)