Market Research Report
Global Methyl Methacrylate Adhesives Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||781912|
|Published||Content info||127 Pages
Delivery time: 1-2 business days
|Global Methyl Methacrylate Adhesives Market 2019-2023|
|Published: January 16, 2019||Content info: 127 Pages||
Developing countries such as China, India, Indonesia, Brazil, and Mexico are the major contributors to the global methyl methacrylate market. Many vendors of methyl methacrylate adhesives are shifting their manufacturing activities to these developing countries. Factors such as availability of raw materials, inexpensive labor, availability of land, low transportation costs, and less stringent government regulations are conducive to the growth of the market. The emergence of China and India as the manufacturing hubs of the construction, automobile, and other general industries in APAC is a significant factor as well. The governments of these countries are investing heavily in the housing industry because of urbanization and improved standard of living. The increase in residential construction from APAC region is expected to have a positive impact on the methyl methacrylate adhesives market. Technavio's analysts have predicted that the methyl methacrylate adhesives market will register a CAGR of over 7% by 2023.
In automobile applications methyl methacrylate adhesives are used for bonding composites, metal, plastics, and other materials. Methyl methacrylate adhesives are commonly used during the production process to eliminate the rivets and welds. They help in improving the fuel efficiency of vehicles by reducing their overall weight. The increasing preference for fuel-efficient vehicles with reduced weight is expected to drive the growth of the market.
Stringent regulations by the Environmental protection agency (EPA) and Registration. Evaluation. Authorization and Restriction of Chemicals (REACH) on the VOC content of adhesives can pose serious challenges to the methyl methacrylate adhesives market. Vendors of methyl methacrylate adhesives are liable to comply with the standards. Stringent regulations and policies on the use of adhesives are likely to hamper the growth of the market under focus.
For the detailed list of factors that will drive and challenge the growth of the methyl methacrylate adhesives market during the 2019-2023, view our report.
The global methyl methacrylate adhesives market is moderately fragmented and as the market is in its growth phase, the competition among companies is intense. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.