MS Polymers Industry to See Robust Expansion, Valued at $2.28 Billion by 2029

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What Is the Projected CAGR for the MS Polymers Market from 2024 to 2025?
In the past few years, the market size for ms polymers has seen robust growth. It is predicted to expand from $1.61 billion in 2024 to $1.71 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. This historical growth trend can be credited to the rising demand for environmentally-friendly adhesives, progress in the field of polymer chemistry, strict environmental regulations, growth within the construction sector, and the need for durable, flexible bonding solutions.

What are the Expected Market Size and CAGR for MS Polymers by 2029?
The market size for ms polymers is anticipated to significantly expand in the upcoming years. By 2029, it's projected to reach $2.28 billion, with a compound annual growth rate (CAGR) of 7.5%. This surge during the predicted time frame is a result of various factors such as the consumer inclination towards less pungent products, the emergence of renewable energy initiatives, the concentration on circular economic strategies, widespread use in the medical sector, and global actions to mitigate climate change. Prevailing trends during this forecast period include improvement in formulations, hybrid sealants, and adhesives, industry-specific customizations, digital transformation in manufacturing processes, and aftermarket repair and maintenance.

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Which Factors Are Driving the Global MS Polymers Market Expansion?
The growth of the MS polymers market is projected to be spurred on by an increase in electric vehicle production. Electric vehicles (EVs), which rely on energy from rechargeable batteries or fuel cells rather than combustion engines, have seen a surge in production due to several factors, such as government regulations, cost savings on fuel for consumers, and mounting concerns over the environment. MS polymers play a crucial role in this industry, providing the necessary bonding and sealing for various components like battery enclosures, body panels, and interior parts. This not only ensures structural integrity but also protects against moisture and contaminants. For instance, a report by Kelley Blue Book, an American Cox Automotive company, in January 2024 highlighted that a record 1.2 million U.S car buyers opted for electric vehicles in 2023. This marked an increase to 7.6% of the total U.S vehicle market, from 5.9% in 2022. As such, the rise in electric vehicle production is seen as a significant driver for the MS polymers market.

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Which Segment Currently Holds the Largest Share of 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

Which Major Trends Are Shaping the Future of the MS Polymers Industry?
The rise of biodegradable polymer technology is a prominent trend in the MS polymer industry, favored by leading companies striving to innovate and promote sustainability. A prime example of this trend was set by Kaneka Corporation, a Japan-based chemical producer, in February 2023. They introduced the Green Planet Biodegradable Polymer, which is an eco-friendly, plant-based polymer created through a polymer synthesis method that uses microorganisms and carbon dioxide as primary elements. This technology intends to innovate bio-manufacturing technology in a way that doesn't involve the usage of fossil resources, by leveraging microorganisms to produce biodegradable polymers from carbon dioxide.

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Which Key Players Dominate the MS Polymers Industry Globally?
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.

What Are the Fastest-Growing Regions in the MS Polymers Market?
Asia-Pacific was the largest region in the MS polymer market in 2024. and is expected to be the fastest-growing region in the global MS polymer market during the forecast period. The regions covered in the MS polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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