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The Role Of The Thriving Building And Construction Industry In Driving Growth In The Methyl Methacrylate Adhesives Market: Strategic Insights Driving Methyl Methacrylate Adhesives Market Momentum in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Methyl Methacrylate Adhesives Market Size By 2025?
The market size for methyl methacrylate adhesives has experienced robust growth in the recent past. The projected increase is from $1.67 billion in 2024 to a notable $1.79 billion in 2025, featuring a compound annual growth rate (CAGR) of 7.6%. Various factors have fuelled this growth in the historic period, including an upsurge in industrial applications, expansion in the automotive industry, a rising demand for materials of lighter weight, along with repair and maintenance operations, and the flexibility in bonding substrates.
How Big Is the Methyl Methacrylate Adhesives Market Size Expected to Grow by 2029?
In the coming years, the methyl methacrylate adhesives market is predicted to experience robust growth, foreseeing an expansion to "$2.58 billion by 2029 at a compound annual growth rate (CAGR) of 9.5%. This predicted growth during the forecast period is largely due to an emphasis on sustainable adhesives, inventive aerospace applications, swift prototyping and assembly, amplified investments in infrastructure, and the proliferation of renewable energy schemes. Dominant trends expected within this period encompass digitalization and intelligent manufacturing, customization and bespoke solutions, strategic collaborations and acquisitions, progressive developments in formula and technique, along with wind energy installations.
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Which Key Market Drivers Powering Methyl Methacrylate Adhesives Market Expansion and Growth?
The booming building and construction sector is projected to drive the advancement of the methyl methacrylate adhesives market. This industry pertains to businesses primarily involved in the construction of residential, farm, industrial, commercial, and other structures. Trucks and construction equipment, including side and roof panels, door panels, and aerodynamic parts, use adhesives made from methyl methacrylate. The importance of methyl methacrylate adhesives in the construction sector is considerable. For example, the United States Census Bureau, a US-based essential federal statistical agency, reported that in February 2023, privately owned housing units reached 1,524,000 on a seasonally adjusted annual basis, marking an increase of 13.8% from January 2023. Thus, the booming building and construction sector is propelling the methyl methacrylate adhesives market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Methyl Methacrylate Adhesives Market?
The methyl methacrylate (MMA) adhesives market is seeing a rise in product innovations. In March 2022, US-based ITW Performance Polymers introduced Plexus MA8105, a versatile MMA adhesive with quick cure time, minimal prep needs, low odor, and strong adhesion at high temperatures, making it ideal for metal, plastic, and composite bonding.
What Are the Emerging Segments in the Methyl Methacrylate Adhesives Market?
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
Subsegments:
1) By Water Base: Water-Based Acrylic Adhesives, Water-Based Emulsion Adhesives
2) By Solvent Base: Solvent-Based Acrylic Adhesives, Solvent-Based MMA Adhesives
3) By Other Types: 1-Part MMA Adhesives, 2-Part MMA Adhesives
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Who Are the Global Leaders in the Methyl Methacrylate Adhesives Market?
Major companies operating in the methyl methacrylate adhesives market include 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
Which are the Top Profitable Regional Markets for the Methyl Methacrylate Adhesives Industry?
Asia-pacific was the largest region in the methyl methacrylate adhesives market in 2024. 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
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