Methyl Methacrylate Adhesives Global Market Exhibit a Remarkable CAGR of 8.4% and is expected to reach $2.31 Billion By 2028

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Methyl Methacrylate Adhesives Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.31 billion In 2028 At A CAGR Of 8.4% :

The methyl methacrylate adhesives market size has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased industrial applications, growth in automotive production, demand for lightweight materials, repair and maintenance activities, versatility in bonding substrates.

The methyl methacrylate adhesives market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to focus on sustainable adhesives, innovation in aerospace applications, rapid prototyping and assembly, increasing investments in infrastructure, expansion of renewable energy projects. Major trends in the forecast period include digitalization and smart manufacturing, customization and tailored solutions, strategic partnerships and acquisitions, advancements in formula and technology, wind energy installations.

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Methyl Methacrylate Adhesives Market Major Segments
The methyl methacrylate adhesives market covered in this report is segmented -
1) By Type: Water Base, Solvent Base, Other Types
2) By Substrate: Metal, Plastics, Composites, Other Substrates
3) By Application: Automotive And Transportation, Building And Construction, Marine, Wind Energy, General Assembly, Other Applications

Key Driver - The Role Of The Thriving Building And Construction Industry In Driving Growth In The Methyl Methacrylate Adhesives Market

The thriving building and construction industry is expected to propel the growth of the methyl methacrylate adhesives market going forward. Building and construction industry refers to industry that is primarily engaged in the construction of residential, farm, industrial, commercial, or other buildings. 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, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, in February 2023, the number of privately owned housing units were 1,524,000 on a seasonally adjusted yearly basis, an increase of 13.8% from January 2023. Therefore, the thriving building and construction industry is driving the growth of methyl methacrylate adhesives market going forward.

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Prominent Trend - Emergence Of Non-Flammable Solutions

Innovative non-flammable adhesive solutions are a key trend gaining popularity in the methyl methacrylate adhesives market. Companies operating in the methyl methacrylate adhesives market are launching innovative non-flammable adhesive solutions to sustain their position in the market. For instance, in December 2021, Huntsman Corporation, a US-based manufacturer and marketer of specialty chemicals company, launched ARALDITE 2080 adhesive, an industry-first, innovative solution that provides exceptional bond performance while addressing the challenges associated with traditional adhesives, such as high odor, flammability, high toxicity profiles, and surface preparation. It is primer-free structural acrylate adhesive that offers exceptional bond performance without compromising on safety or productivity. With its low odor, non-flammable classification, and low toxicity profile, the adhesive is ideal for use in confined working environments, reducing costs for safety training, storage, and equipment.

Methyl Methacrylate Adhesives Market Players
Major companies operating in the methyl methacrylate adhesives market report are 3M Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, Henkel AG & Company KGaA, Arkema SA, Scott Bader Company Ltd., Permabond LLC, Parson Adhesives Inc., Lord Corporation, SCIGRIP Smarter Adhesive Solutions, ITW Polymer Adhesives, Kisling AG, Chemique Adhesives Inc., Master Bond Inc., AEC Polymers, Cyberbond LLC, Matrix Composite Materials Company Ltd., Ulbrich Group, L&L Products, Panacol-Elosol GmbH, Adhere Industrial Tapes Ltd., Adhesives Research Inc., Dymax Corporation, Hernon Manufacturing Inc., Pidilite Industries, Royal Adhesives & Sealants, Toagosei Co. Ltd., Wisdom Adhesives Worldwide, Bostik

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Largest And Fastest Growing Region In The Market
Asia-pacific was the largest region in the methyl methacrylate adhesives market in 2023. North America is expected to be the fastest-growing region in the global methyl methacrylate adhesives market during the forecast period. The regions covered in the methyl methacrylate adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Methyl Methacrylate Adhesives Market Report Structure
3. Methyl Methacrylate Adhesives Market Trends And Strategies
4. Methyl Methacrylate Adhesives Market - Macro Economic Scenario
5. Methyl Methacrylate Adhesives Market Size And Growth
…..
27. Methyl Methacrylate Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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