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Methyl Methacrylate Adhesives Market Overview - Forecast Market Size, Top Segments And Largest Region
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Methyl Methacrylate Adhesives Global Market Report 2023 identifies construction industry as the major driver for the Methyl Methacrylate Adhesives market's growth in the forecast period. Adhesives made of methyl methacrylate are used in trucks and construction equipment, such as side and roof panels, door panels, and aerodynamic parts. The usage of methyl methacrylate adhesives is significant in the construction sector. For instance, in February 2021, according to KfW Research Focus on Economics, a German-based center of economic expertise, residential construction investment accounted for 2.1% higher in 2020 as compared to 2019, and around 300,000 homes were completed in the year 2020 in Germany.
the global methyl methacrylate adhesives market size is expected to grow from $1.45 billion in 2022 to $1.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.64%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global methyl methacrylate adhesives market size is expected to reach $2.11 billion in 2027 at a CAGR of 7.92%.
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Major competitors in the Methyl Methacrylate Adhesives market are Benteler International AG, Toyota Boshoku Corporation, Magna International Inc., Hirotec Corporation, Tower International, Aisin Corporation.
A key trend in the Methyl Methacrylate Adhesives market includes non-flammable adhesive solutions. Major companies operating in the Methyl Methacrylate Adhesives market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Desktop Metal, a US-based technology company that designs and markets 3D printing systems, introduced Figure G15 to offer a high-quality surface finish in metal sheet forming. Desktop Metal's Figure digital sheet forming (DSF) technology offers high precision with a flexible, incremental forming approach via a patented build box design that lowers force distribution over the sheet during the build.
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The Methyl Methacrylate Adhesives market is segmented -
• By Type: Water Base, Solvent Base, Other Types
• By Substrate: Metal, Plastics, Composites, Other Substrates
• By Application: Automotive And Transportation, Building And Construction, Marine, Wind Energy, General Assembly, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Methyl Methacrylate Adhesives market.
The Business Research Company's "Global Methyl Methacrylate Adhesives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Methyl Methacrylate Adhesives Market Include:
1. Executive Summary
2. Methyl Methacrylate Adhesives Market Characteristics
3. Methyl Methacrylate Adhesives Market Trends And Strategies
4. Methyl Methacrylate Adhesives Market - Macro Economic Scenario
5. Methyl Methacrylate Adhesives Market Size And Growth
……
25. Key Mergers And Acquisitions In The Methyl Methacrylate Adhesives Market
26. Top Methyl Methacrylate Adhesives Companies
27. Methyl Methacrylate Adhesives Market Opportunities And Strategies
28. Methyl Methacrylate Adhesives Market, Conclusions And Recommendations
29. Appendix
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