Methyl Methacrylate Adhesives (MMA)
are reactive acrylic adhesives that will bond most substrate materials including metal, magnets, plastic, glass, wood, and composite materials and are fairly tolerant of poor surface condition. Methyl methacrylate adhesive generally consists of resin and initiator or a resin and hardener. Globally, rising demand from commercial vehicles and marine industries, growing demand from end-user industries, flourishing automotive industry, and excellent performance of methyl methacrylate adhesive as compared to its counter parts are the prime growth drivers of global methyl methacrylate adhesive market. In addition, increase in adoption of methyl methacrylate adhesive for application in newer industrial vertical, such as, wind energy, construction, automotive, and repairs, and emerging economies such as China, India and others, will create new opportunities for global methyl methacrylate adhesive market. However, volatile prices and availability of raw materials, availability of substitute adhesive such as, Epoxy and Pu Adhesive, and rising demand for non-hazardous, green, and sustainable adhesive are the key restraints for global methyl methacrylate adhesive market.
Geographically North America dominated global methyl methacrylate adhesive market
, followed by Europe, owing to prevalence of higher demand from marine segments and commercial vehicle. Asia Pacific is projected to have fastest growth, owing to rapidly increasing automobile industry, rise in industrial sector, and increasing usage in newer applications such as, pipes and tanks, and wind energy industry in developing nations such as China, and India in this region. Among all the applications, lubricants segment has the highest market share in global methyl methacrylate adhesive market due to spur in automotive industry. Composites is the market leader among all types of methyl methacrylate adhesive, owing to its better performance and environment friendly properties.
This report identifies the global methyl methacrylate adhesive market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global methyl methacrylate adhesive market.This report segments global methyl methacrylate adhesive market on the basis of type, application, and regional market as follows:
This report identifies all the major companies operating in the methyl methacrylate adhesive market. Some of the major companies’ profiles in detail are as follows:
- Methyl Methacrylate Adhesive Market, By Type: Composites, Metals, Plastics, and Others
- The report has focused study on methyl methacrylate adhesive market by basis of application such as: Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
- Illinois Tool Works Inc. (ITW)
- Scott Bader Company Ltd.
- Parson Adhesive, Inc.
- Henkel Corporation