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During the forecast period (2023-2030), the value of the global MS polymer adhesives market is expected to increase from $5.9 billion in 2022 to $8.39 billion, representing a CAGR of 7.1%.
MS Polymer glue is a synthetic glue made from polymers. A polymer consists of a series of linked molecules. When compared to similar products on the market, the strength, bonding, and resilience of these adhesives are superior. They adhere to many different materials and require a catalyst, typically water, to begin working. The automobile, building, airline, and DIY sectors are just some of the sectors rapidly adopting them. A wide range of formulations, such as urethanes, epoxies, resins, cyanoacrylates, and methacrylates, are commercially accessible. Different industries can benefit from the unique qualities of each of these categories. Urethanes find application in several sectors thanks to their resistance to oils and chemicals. Glue sticks and glue guns typically contain epoxies. They are widely used in the electronics industry.
The lack of adhesives with comparable or greater strength is one factor driving the market, along with the rising need for strong adhesives across a variety of industries. These glues have a rapid drying time and a high tensile strength. Therefore, their use is expanding in the building and electronics sectors. They are frequently used for decoration and granite sealing since they do not alter the surface color. The outstanding adhesive properties of these products allow them to be used on a wide variety of surfaces, both dry and wet. These adhesives may stick and cure even when soaked in water. Polymer adhesives that are gentler on the environment have been developed thanks to recent technological advances and ongoing research and development. They are safe to use and produce no odor because they are solvent-free. These adhesives are safe for the environment, therefore they can be used in the kitchen. The need for eco-friendly polymer adhesives is also being fueled by the enactment of stricter environmental legislation in a number of nations. The market will likely be driven by these factors. However, MS Polymer Adhesives may face difficulty breaking into the market due to their low level of acceptance. This low level of acceptance can be traced back to the general public's unfamiliarity with polymer adhesives. The market's lack of availability is another factor contributing to the adhesive's low profile. A large segment of the market may be unfamiliar with the qualities and benefits of these adhesives since they have never had the chance to use them and they are not widely available.
Product-Based Analyses
The demand for adhesives is especially high in the automotive and industrial assembly sectors. These items are developed with the goal of enhancing production efficiency while simultaneously decreasing production costs. For instance, about 15 kilograms of adhesives are needed in the assembly, gluing, and laminating of a vehicle's interior components. Their increasing popularity can be attributed to the fact that they cut down on the use of mechanical fasteners while also enhancing the durability and strength of vehicles. The market for sealants is anticipated to expand at a faster rate than any other category. Products such as furniture, doors, windows, facades, and wall cracks are employed on the interior and exterior of buildings. MS polymer hybrid sealants are projected to become more popular among builders as the growing demand for eco-friendly goods encourages their use. There are two subsets within this category of goods: those with color and those without. In recent years, customers have shown increased interest in transparent sealants. Getting the proper color to match the paint of the building is a challenge when working with coloured sealants. The problem can be fixed with the use of transparent sealants that are painted to match the building's color.
Evaluation Through Use
The largest money was made in "building and construction." Demand for sealing and waterproofing products has been on the rise, giving the industry a boost. The need for these items grows as a result of their several applications, including restoration. Adhesives and sealants also play a major role in the transportation sector, where they are used in the automobile, aerospace, and maritime industries. As EV production rises, so does the need for high-tech adhesives. Because of their ability to bond a wide variety of substrates, including the aluminum, glass fiber reinforced polyester, stainless steel, and wood used in the construction of boats, ships, and yachts, the products are also used in boat, yacht, and shipbuilding applications. Market expansion can also be attributed to uses in industry assembly and with heavy machinery. The goods provide a quick cure when exposed to moisture, which boosts output. Strong adhesion is encouraged by their characteristics, which means less mechanical fasteners are required.
Drivers
Utilization in Automotive and Aerospace Settings
New aircraft development and MRO (maintenance, repair, and operations) are the only two applications of MS polymer adhesives in the aerospace end-use industry. Growth in the airline industry and the addition of new airlines have both had a major impact on the demand for commercial aerospace products in recent years. Increased air travel, a push for more fuel-efficient planes, the retirement of aging planes, and the growth of the economies in developing countries are all factors that should boost demand for MS polymer adhesives in this market. Demand for new commercial aircraft is being driven in part by the expanding middle class and rising earnings in emerging nations. These kinds of innovations are going to be the gas that drives the market.
Restraints
Lack of buy-in from consumers
MS Polymers have not yet gained widespread favor among consumers. It's possible that people prefer traditional adhesives or just don't know that hybrid adhesives are an option, both of which could contribute to the low adoption rate. Users are happy with the results from employing traditional adhesives. Leaving out the increased flexibility/elongation, impact/thermal cycling resistance, peel strength, and longevity offered by hybrid adhesives.
Influential Patterns in the Market
Manufacturers have been compelled to make eco-friendly adhesives with low VOC levels in response to regulations from the US Environmental Protection Agency (EPA), the European Union's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), the United States' Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies. There is a growing trend toward adopting eco-friendly or green products across a wide range of businesses, and this has increased demand for green adhesives or those with minimal VOC. Changing to a more eco-friendly product lineup has opened up a huge market for expansion. The construction industry around the world is seeing a rise in the popularity of "green" structures. This looks promising for research into creating environmentally friendly adhesives. Renewable, recycled, remanufactured, or biodegradable materials are used in the production of these environmentally friendly adhesives. The health of consumers also benefits from the use of eco-friendly products. REACH and GHS impose stringent rules on the European and American markets, respectively. More effort is being made to phase out the use of banned or dangerous substances such organotins, mercury, monomeric isocyanates, pyrrolidones, phthalates, and nonylphenols in the production of adhesives and sealants. This is beneficial to the development of the MS Polymers market. It's hoped that this would boost the company's reputation for pushing eco-friendly goods and encourage more people to buy their products.
Report Coverage
Global MS Polymer Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global MS Polymer Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and MS Polymer Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key MS Polymer Adhesives market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global MS Polymer Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, MS Polymer Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Henkel AG & Co. KGaA, Bostik, 3M Company, Sika AG, Huntsman Corporation, Ashland Global Holdings Inc., H.B. Fuller Company, Lord Corporation, Illinois Tool Works Inc., Avery Dennison Corporation, Dow Inc., Pidilite Industries Limited, Permabond LLC, Dymax Corporation, Panacol-Elosol GmbH, Jowat SE, Mapei SpA, RPM International Inc., Arkema Group, Franklin International Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global MS Polymer Adhesives market based on the below-mentioned segments:
Global MS Polymer Adhesives Market, By Product
Sealants
Adhesives
Global MS Polymer Adhesives market, By Application
Building and construction
transportation
other industries
Global MS Polymer Adhesives market, Regional Analysis
MS Polymer glue is a synthetic glue made from polymers. A polymer consists of a series of linked molecules. When compared to similar products on the market, the strength, bonding, and resilience of these adhesives are superior. They adhere to many different materials and require a catalyst, typically water, to begin working. The automobile, building, airline, and DIY sectors are just some of the sectors rapidly adopting them. A wide range of formulations, such as urethanes, epoxies, resins, cyanoacrylates, and methacrylates, are commercially accessible. Different industries can benefit from the unique qualities of each of these categories. Urethanes find application in several sectors thanks to their resistance to oils and chemicals. Glue sticks and glue guns typically contain epoxies. They are widely used in the electronics industry.
The lack of adhesives with comparable or greater strength is one factor driving the market, along with the rising need for strong adhesives across a variety of industries. These glues have a rapid drying time and a high tensile strength. Therefore, their use is expanding in the building and electronics sectors. They are frequently used for decoration and granite sealing since they do not alter the surface color. The outstanding adhesive properties of these products allow them to be used on a wide variety of surfaces, both dry and wet. These adhesives may stick and cure even when soaked in water. Polymer adhesives that are gentler on the environment have been developed thanks to recent technological advances and ongoing research and development. They are safe to use and produce no odor because they are solvent-free. These adhesives are safe for the environment, therefore they can be used in the kitchen. The need for eco-friendly polymer adhesives is also being fueled by the enactment of stricter environmental legislation in a number of nations. The market will likely be driven by these factors. However, MS Polymer Adhesives may face difficulty breaking into the market due to their low level of acceptance. This low level of acceptance can be traced back to the general public's unfamiliarity with polymer adhesives. The market's lack of availability is another factor contributing to the adhesive's low profile. A large segment of the market may be unfamiliar with the qualities and benefits of these adhesives since they have never had the chance to use them and they are not widely available.
Product-Based Analyses
The demand for adhesives is especially high in the automotive and industrial assembly sectors. These items are developed with the goal of enhancing production efficiency while simultaneously decreasing production costs. For instance, about 15 kilograms of adhesives are needed in the assembly, gluing, and laminating of a vehicle's interior components. Their increasing popularity can be attributed to the fact that they cut down on the use of mechanical fasteners while also enhancing the durability and strength of vehicles. The market for sealants is anticipated to expand at a faster rate than any other category. Products such as furniture, doors, windows, facades, and wall cracks are employed on the interior and exterior of buildings. MS polymer hybrid sealants are projected to become more popular among builders as the growing demand for eco-friendly goods encourages their use. There are two subsets within this category of goods: those with color and those without. In recent years, customers have shown increased interest in transparent sealants. Getting the proper color to match the paint of the building is a challenge when working with coloured sealants. The problem can be fixed with the use of transparent sealants that are painted to match the building's color.
Evaluation Through Use
The largest money was made in "building and construction." Demand for sealing and waterproofing products has been on the rise, giving the industry a boost. The need for these items grows as a result of their several applications, including restoration. Adhesives and sealants also play a major role in the transportation sector, where they are used in the automobile, aerospace, and maritime industries. As EV production rises, so does the need for high-tech adhesives. Because of their ability to bond a wide variety of substrates, including the aluminum, glass fiber reinforced polyester, stainless steel, and wood used in the construction of boats, ships, and yachts, the products are also used in boat, yacht, and shipbuilding applications. Market expansion can also be attributed to uses in industry assembly and with heavy machinery. The goods provide a quick cure when exposed to moisture, which boosts output. Strong adhesion is encouraged by their characteristics, which means less mechanical fasteners are required.
Drivers
Utilization in Automotive and Aerospace Settings
New aircraft development and MRO (maintenance, repair, and operations) are the only two applications of MS polymer adhesives in the aerospace end-use industry. Growth in the airline industry and the addition of new airlines have both had a major impact on the demand for commercial aerospace products in recent years. Increased air travel, a push for more fuel-efficient planes, the retirement of aging planes, and the growth of the economies in developing countries are all factors that should boost demand for MS polymer adhesives in this market. Demand for new commercial aircraft is being driven in part by the expanding middle class and rising earnings in emerging nations. These kinds of innovations are going to be the gas that drives the market.
Restraints
Lack of buy-in from consumers
MS Polymers have not yet gained widespread favor among consumers. It's possible that people prefer traditional adhesives or just don't know that hybrid adhesives are an option, both of which could contribute to the low adoption rate. Users are happy with the results from employing traditional adhesives. Leaving out the increased flexibility/elongation, impact/thermal cycling resistance, peel strength, and longevity offered by hybrid adhesives.
Influential Patterns in the Market
Manufacturers have been compelled to make eco-friendly adhesives with low VOC levels in response to regulations from the US Environmental Protection Agency (EPA), the European Union's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), the United States' Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies. There is a growing trend toward adopting eco-friendly or green products across a wide range of businesses, and this has increased demand for green adhesives or those with minimal VOC. Changing to a more eco-friendly product lineup has opened up a huge market for expansion. The construction industry around the world is seeing a rise in the popularity of "green" structures. This looks promising for research into creating environmentally friendly adhesives. Renewable, recycled, remanufactured, or biodegradable materials are used in the production of these environmentally friendly adhesives. The health of consumers also benefits from the use of eco-friendly products. REACH and GHS impose stringent rules on the European and American markets, respectively. More effort is being made to phase out the use of banned or dangerous substances such organotins, mercury, monomeric isocyanates, pyrrolidones, phthalates, and nonylphenols in the production of adhesives and sealants. This is beneficial to the development of the MS Polymers market. It's hoped that this would boost the company's reputation for pushing eco-friendly goods and encourage more people to buy their products.
Report Coverage
Global MS Polymer Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global MS Polymer Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and MS Polymer Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key MS Polymer Adhesives market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Henkel AG & Co. KGaA, Bostik, 3M Company, Sika AG, Huntsman Corporation, Ashland Global Holdings Inc., H.B. Fuller Company, Lord Corporation, Illinois Tool Works Inc., Avery Dennison Corporation, Dow Inc., Pidilite Industries Limited, Permabond LLC, Dymax Corporation, Panacol-Elosol GmbH, Jowat SE, Mapei SpA, RPM International Inc., Arkema Group, Franklin International Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of MS Polymer Adhesives Market from 2021 to 2030.
- Market Forecast for MS Polymer Adhesives Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, MS Polymer Adhesives competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on MS Polymer Adhesives
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global MS Polymer Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, MS Polymer Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Henkel AG & Co. KGaA, Bostik, 3M Company, Sika AG, Huntsman Corporation, Ashland Global Holdings Inc., H.B. Fuller Company, Lord Corporation, Illinois Tool Works Inc., Avery Dennison Corporation, Dow Inc., Pidilite Industries Limited, Permabond LLC, Dymax Corporation, Panacol-Elosol GmbH, Jowat SE, Mapei SpA, RPM International Inc., Arkema Group, Franklin International Inc.
Primary Target Market
- Market Players of MS Polymer Adhesives
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global MS Polymer Adhesives market based on the below-mentioned segments:
Global MS Polymer Adhesives Market, By Product
Sealants
Adhesives
Global MS Polymer Adhesives market, By Application
Building and construction
transportation
other industries
Global MS Polymer Adhesives market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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