MS Polymers Market Set to Reach $2.3 Billion by 2029 with 7% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the MS Polymers Market?
In recent times, the ms polymers market has witnessed significant growth. The market is expected to expand from $1.62 billion in 2024 to $1.75 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.7%. Factors propelling growth during the historical period include demand for eco-friendly adhesives, progress in polymer chemistry, rigid environmental rules, the boom in the construction industry, and the need for more flexible and long-lasting bonding solutions.

The market size of ms polymers is predicted to experience significant elevation in the upcoming years, reaching a market value of $2.3 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. The expected growth within the forecast period can be related to the demand for low scent products, increase in renewable energy projects, emphasis on circular economy principles, heightened use in healthcare, and global initiatives to lessen climate change. The forecast period will also witness major trends such as improvements in formulations, the emergence of hybrid sealants and adhesives, industry-specific customization, digitization of manufacturing procedures, and growth in aftermarket repair and maintenance.

What Are the Forces Behind the Rapid Growth of the MS Polymers Market?
The growth of the MS polymers market is anticipated to be fueled by the rise in electric vehicle production. Electric vehicles (EVs) are run on electric motors that depend on rechargeable batteries or fuel cells for energy, rather than a combustion engine. The surge in EV production is dependent on multiple elements such as governmental policies, savings on fuel costs for consumers, and an increasing consciousness about the environment. MS polymers play a central role in binding and sealing various elements like battery casings, body panelling, and inner sections, ensuring structural integrity and protection against moisture and dirt. For example, a report published by Kelley Blue Book of Cox Automotive in America stated that there were a record-breaking 1.2 million car buyers who selected electric vehicles in the US in 2023. This figure constituted 7.6% of the total American vehicle market, an increase from the preceding year's 5.9%. Consequently, the surge in EV production is acting as a catalyst for the expansion of the MS polymer market.

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Who Are the Dominant Companies Influencing MS Polymers Market Trends?
Major companies operating in the ms polymers market include 3M Company, Arkema S.A., Evonik Industries AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Kaneka Corporation, Momentive Inc., Sika AG, Wacker Chemie AG, Tremco Illbruck GmbH & Co. Kg, Novachem Corporation, MAPEI S.P.A, Biesterfeld AG, Sames Kremlin, AGC Chemicals Inc., Dow Inc., BASF SE, Huntsman Corporation, Ashland Global Holdings Inc., Avery Dennison Corporation, Chemence Ltd., Chemique Adhesives & Sealants Ltd., Dymax Corporation, Franklin International, Hexion Inc., Jowat SE, Lord Corporation, Permabond LLC, Soudal NV, Showa Denko K.K.

How Is the MS Polymers Market Evolving?
In the MS polymer market, the adoption of biodegradable polymer technology is a prominent emerging trend. In a bid to solidify their market position, major firms in this sector are inventing sustainable and novel technologies. An example of this is Kaneka Corporation, a chemical manufacturer from Japan. In February 2023, they launched a plant-derived biodegradable polymer called Green Planet. This product, developed through polymer synthesis technology, utilizes microorganisms to convert CO2 directly into raw materials. The goal of this technology is to establish a recycling-oriented bio-manufacturing process that eliminates dependency on fossil resources by using microorganisms to produce biodegradable polymers from CO2.

What Are the Different Segmentations in the MS Polymers Market?
The ms polymers market covered in this report is segmented -

1) By Type: SMP(Silyl Modified polyether), SPUR(Silyl Terminated Polyurethanes)
2) By Application: Adhesives, Sealant, Coatings
3) By End-Use Industry: Building, Construction, Automotive, Transportation, Industrial Assembly, Electronics

Subsegments:
1) By SMP (Silyl Modified Polyether): SMP Adhesives, SMP Sealants, SMP Coatings
2) By SPUR (Silyl Terminated Polyurethanes): SPUR Adhesives, SPUR Sealants, SPUR Coatings

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Which Region Is at the Forefront of the MS Polymers Market?
The countries covered in the MS polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Is Covered In The MS Polymers Global Market Report?

- Market Size Analysis: Analyze the MS Polymers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the MS Polymers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall MS Polymers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the MS Polymers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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