Key Factor Supporting MS Polymers Market Development in 2025: Increasing In Electric Vehicle Manufacturing Propel Growth In MS Polymers Market

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How Large Will the MS Polymers Market Size By 2025?_x000D_
The market size of ms polymers has seen significant growth in the past few years. The projections show a rise from $1.62 billion in 2024 to $1.75 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The previous growth can be credited to factors such as the increasing demand for sustainable adhesives, progress in polymer chemistry, strict environmental rules, expansion in the construction industry, along with the need for flexible and sturdy bonding solutions._x000D_
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How Big Is the MS Polymers Market Size Expected to Grow by 2029?_x000D_
The market size for ms polymers is anticipated to exhibit robust growth in the coming years, with an estimated value of $2.3 billion in 2029 and a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth throughout the prediction period include a rise in demand for low odor goods, expansion of renewable energy initiatives, emphasis on circular economy standards, heightened use in healthcare, and worldwide action to offset climate change. Key trends to look out for in this period are developments in formulation, hybrid adhesives and sealants, specialized customizations for different industries, digitization of manufacturing procedures, and enhancement in repair and maintenance after purchase._x000D_
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Which Key Market Drivers Powering MS Polymers Market Expansion and Growth?_x000D_
The growth of the MS polymers market is predicted to accelerate due to rising electric vehicle (EV) production. Instead of conventional combustion engines, these vehicles use electric motors, which derive power from rechargeable batteries or fuel cells. The surge in EV manufacturing is attributed to various factors including government legislations, consumer fuel cost-efficiency, and escalating environmental concerns. MS polymers are employed to bond and seal different components like battery enclosures, body panels, and interior sections, thereby ensuring structural sturdiness and protection against dampness and impurities. For example, a report by Kelley Blue Book, a US-based Cox Automotive company, stated that in 2023, a record high of 1.2 million car consumers in the United States opted for EVs, contributing 7.6% to the total U.S. vehicle market, up from 5.9% in the previous year. Therefore, the surge in EV production is fueling the growth of the MS polymer market._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the MS Polymers Market?_x000D_
The increasing prominence of biodegradable polymer technology is an impactful trend currently observed in the MS polymer market. Leading organizations active in the MS polymer sector are focusing on creating unique, sustainable technologies to solidify their standing. As an example, Kaneka Corporation, a chemical manufacturing corporation based in Japan, introduced their Biodegradable Polymer Green Planet in February 2023. This plant-based biodegradable polymer is the outcome of utilizing polymer synthesis technology with microorganisms that use CO2 as their primary raw material. This approach aims to produce a recycling-focused bio-manufacturing technology that is not reliant on fossil resources, accomplished by fabricating microorganisms that generate biodegradable polymers from CO2._x000D_
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What Are the Emerging Segments in the MS Polymers Market?_x000D_
The ms polymers market covered in this report is segmented - _x000D_
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1) By Type: SMP(Silyl Modified polyether), SPUR(Silyl Terminated Polyurethanes) _x000D_
2) By Application: Adhesives, Sealant, Coatings_x000D_
3) By End-Use Industry: Building, Construction, Automotive, Transportation, Industrial Assembly, Electronics_x000D_
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Subsegments:_x000D_
1) By SMP (Silyl Modified Polyether): SMP Adhesives, SMP Sealants, SMP Coatings_x000D_
2) By SPUR (Silyl Terminated Polyurethanes): SPUR Adhesives, SPUR Sealants, SPUR Coatings_x000D_
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Who Are the Global Leaders in the MS Polymers Market?_x000D_
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. _x000D_
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Which are the Top Profitable Regional Markets for the MS Polymers Industry?_x000D_
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_x000D_
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