Methyl Methacrylate Adhesive Market: By Type (Plastics, Metals, Composites); By Application (Commercial Vehicle, Marine, Wind Energy, Construction, others); & By Geography — Forecast(2018–2023)
MMA Adhesives Market Overview:
There are numerous types of adhesives present in the market that are used for various applications. Structural adhesives are designed to join two surfaces to form part of a load-bearing structure. The most widely used structural adhesives are epoxies and polyurethanes; cyanoacrylates, and certain urethanes and acrylic adhesives. Methyl Methacrylate Adhesives (MMA) are a class of structural adhesives that is a relatively newer technology, and as such, their properties and benefits are not widely understood in the end user industries. End user industries of MMA Adhesives include commercial vehicles, marine, wind energy, construction, and others. The usage of MMA Adhesives in the wind energy sector has made prospects high for this market. MMA Adhesives market is estimated to grow at a CAGR of 5.39% during the forecast period 2018–2023. APAC is forecast to have the highest CAGR of 6.34%.
MMA Adhesives Market Outlook
Methyl methacrylate adhesives are high performance adhesives used to make laminated woods for decks, walls, roofs and other building applications, as well as in other products where there is a requirement for strong bonding with a variety of substrates such as concrete or wood. Increasing governmental spending on public infrastructure and commercial buildings is projected to drive the demand for methyl methacrylate adhesives in construction applications such as fast turnaround flooring, roofing, and wall coverings.
MMA Adhesives Market Growth Drivers
Methyl methacrylate adhesives deliver high strength and is temperature resistant. They also reduce the noise of wind turbines and blades. These adhesives are used in automotive applications to provide superior grip between distinct substrates such as steel and plastics. They are used in doors, window glass attachments, brakes, clutch plates, and many more. The growing demand for passenger cars in developing countries such as China and India is expected to impact the methyl methacrylate adhesives market growth.
MMA Adhesives Market Challenges
Strict regulations govern all materials used in aircraft interiors. The other added challenge with regulations and approvals is that they are constantly changing, and becoming ever severer.