CHICAGO, October 24, 2018 /PRNewswire/ --
According to the new market research report "Methyl Methacrylate Adhesives Market by Substrate (Metal, Plastic, Composite), End Use Industry (Automotive & Transportation, Marine, Wind Energy, Building & Construction, General Assembly), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the MMA Adhesives Market is projected to grow from USD 1.09 billion in 2018 to USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight, crash-resistant, and fuel-efficient vehicles; growing demand in the automotive and marine industries; superior quality and performance of MMA adhesives; and increasing awareness about advantages of adhesives over conventional techniques are driving the MMA Adhesives Market. The growing awareness about reducing emissions, increasing recyclability, and minimizing wastage is expected to propel the growth of the market.
Don't miss out on business opportunities in Methyl Methacrylate Adhesives Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalyst.asp?id=74536936
Browse in-depth TOC on "Methyl Methacrylate Adhesives Market"
83 - Tables
41 - Figures
128 - Pages
View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/methyl-methacrylate-adhesives-market-74536936.html
On the basis of end-use industry, automotive & transportation is estimated to lead the MMA market in 2018
Automotive & transportation is the largest end-use industry of MMA adhesives. The use of MMA adhesives in the automotive & transportation industry is increasing as they reduce the weight of vehicles and offer excellent performance characteristics. These adhesives find application in auto components as well as in the interiors and exteriors of automobiles. The use of adhesives has revolutionized the building and design processes in the automotive industry. MMA adhesives are used to bond roof fairings and skins, front and rear end caps, drivers' consoles, door extension, engine cover, load locks, stand backs and draught screens, seats and tables, dashboard, sun visor, stairwell molding, headlamp surrounds, ceiling covering, window panes, bumper end caps, headlight surrounds, and other areas of vehicles.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=74536936
On the basis of substrate, the composite segment is projected to register the highest CAGR during the forecast period
Composite is one of the most widely used substrates of MMA adhesives owing to the need for improving aesthetics along with maintaining design, cost, and speed of production for the marine and transportation industries. MMA adhesives are popular for niche applications of composite bonding, as they can bond large assemblies and materials having different surface energies along with SMC, which earlier had concerns owing to incompatibility with some mold releases. MMA adhesives are used to bond composite to composite structures and composite to metal substrates. For instance, components such as front and rear end caps, roofs, rear bumpers, floor panels, and luggage door frames of a truck fabricated from either SMC or FRP can be bonded using MMA adhesives.
On the basis of region, APAC is estimated to lead the MMA Adhesives Market in 2018
APAC is the largest Methyl Methacrylate Adhesives (MMA) Market, which is mainly driven by the demand from the automotive & transportation, wind energy, and marine end-use industries. APAC is increasingly becoming an important global trade and commerce center. The region is currently the fastest-growing and the largest MMA Adhesives Market. With economic contraction and saturation in the European and North American markets, the demand is shifting to APAC. Vehicle production in APAC is expected to grow from 26.8 million units in 2013 to 43.1 million units by 2020. This growth is mainly due to the shift of base of the automotive manufacturers to the developing markets.
Key players in the MMA Adhesives Market:
The key players in the market include Illinois Tool Works Inc. (US), Arkema (France), SCIGRIP (UK), Scott Bader (UK), Lord Corporation (US), Henkel (Germany), Permabond LLC (US), Parsons Adhesive Inc. (US), Huntsman Corporation (US), and 3M (US). The MMA Adhesives Market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2018, which include expansion, new product launch, expansion, and merger & acquisition.
Browse Adjacent Markets @ Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com