MS Polymer Adhesives Global Market Report 2024

“MS Polymer Adhesives Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ms polymer adhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for ms polymer adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ms polymer adhesives market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Adhesives; Sealants
• 2) By End User: Automotive And Transportation; Building And Construction; Industrial Assembly; Other End Users
• Companies Mentioned: Henkel AG & Co. KGaA; Sika AG; 3M Company.; H.B. Fuller India Adhesives Private Limited; Wacker Chemie AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

MS polymer adhesive is a high-strength sealant and adhesive known for its exceptional flexibility. Also referred to as modified silicone or hybrid sealants, it employs a modified silane polymer as its base, distinguishing it from silicone adhesives that use a synthetic polymer base. MS polymer adhesives exhibit strong adhesion to non-porous surfaces, bond effectively to wet surfaces, and can be painted with most paints. They find application in joining railway bodies, truck cabins, and bus frames.

The primary types of MS polymer adhesives include adhesives and sealants. Adhesives are substances that functionally bind materials together through surface adhesion, resisting separation. Various end users of MS polymer adhesives include the automotive and transportation industry, building and construction sector, industrial assembly, and others.

The MS polymer adhesives market research report is one of a series of new reports from The Business Research Company that provides MS polymer adhesives market statistics, including MS polymer adhesives industry global market size, regional shares, competitors with a MS polymer adhesives market share, detailed MS polymer adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the MS polymer adhesives industry. This MS polymer adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ms polymer adhesives market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion observed in the historical period can be attributed to environmental regulations and a focus on sustainability, the substitution of traditional solvent-based adhesives, a surge in construction activities, heightened demand from the automotive industry, and evolving consumer preferences.

The ms polymer adhesives market size is expected to see strong growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to the increasing market penetration and adoption, diversification of demand in industrial applications, growth in the home improvement and do-it-yourself (DIY) segment, expanding applications in the aerospace and marine sectors, and the rising consumer awareness and demand. Key trends expected during this forecast period include a demand for customization and innovation, heightened consumer awareness and preference, a focus on versatility and multi-functionality, a shift away from solvent-based adhesives, and diverse applications in the construction industry.

The market for MS polymer adhesives is anticipated to experience growth, driven by the increasing utilization of these adhesives in aerospace applications. The commercial aerospace sector has witnessed significant demand due to the entry of new airlines, expansion of established carriers, and the demand for advanced aircraft. MS polymer adhesives are expected to play a crucial role in this sector, driven by factors such as the need for fuel-efficient aircraft, the replacement of outdated planes, economic growth in emerging markets, and the rise in air traffic. The International Civil Aviation Organization predicts that the global number of airline passengers will reach 10.5 billion by 2040. Therefore, the use of MS polymer adhesives in aerospace applications is poised to drive market growth.

The MS polymer adhesives market is expected to grow further due to the expansion of the construction sector. The construction industry encompasses a wide range of operations related to the planning, design, construction, rehabilitation, and maintenance of physical structures and infrastructure. MS polymer adhesives are favored in various construction applications for their adaptability, durability, and adhesive qualities, contributing to the effectiveness and longevity of building projects. Recent data from the US Census Bureau reveals a yearly adjusted rate of construction spending in September 2023 at $1,996.5 billion, indicating an 8.7% increase over the forecast amount in September 2022, supporting the idea that the expansion of the construction sector is a driving force behind the MS polymer adhesives market.

A significant trend in the MS polymer adhesives market is the growing preference for non-hazardous, green, and sustainable adhesives and sealants. Key players in the market are focusing on offering environmentally friendly solutions to gain a competitive advantage. For example, Toyo-Morton, Ltd., a Japan-based laminating adhesive manufacturer, introduced the ECOAD range of polyurethane solvent-free laminating adhesive systems in August 2022. This offering allows lamination without the use of organic solvents, providing users with considerable environmental benefits.

Major companies in the MS polymer adhesives market are adopting a strategic partnership approach to support adhesive tapes in the expanding e-commerce packaging business. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. H.B. Fuller Company, a US-based manufacturing company of MS polymer adhesives, announced a partnership with Enimac SRL in July 2022. This collaboration combines the expertise of both firms to provide quality solutions and technical assistance to packaging makers in the growing e-commerce sector. Enimac SRL is an Italy-based tape application equipment manufacturer.

In October 2021, Wacker Chime AG, a Germany-based chemical company, acquired a 60% stake in SICO Performance Material Co Ltd for $130.8 million (€120 million). This strategic move aligns with Wacker Chime's global silicone business strategy to increase the share of high-margin specialties. SICO Performance Material Co., Ltd. is a China-based provider of organo-functional silanes used in various industries, including automotive, semiconductor, electronics, and construction.

Major companies operating in the ms polymer adhesives market report are Henkel AG & Co. KGaA, Sika AG, 3M Company., H.B. Fuller India Adhesives Private Limited, Wacker Chemie AG, Tremco Illbruck GmbH, Hermann Otto GmbH, Mapei SPA, Soudal Group, American Sealants Inc., DL CHEMICALS INDIA PRIVATE LIMITED, Forgeway Limited, Kisling AG, Merz Benteli AG, Novachem Corporation Ltd., Permabond LLC, Tech-Masters, Weicon GmbH & Co KG, Weiss Chemie Technik GmbH & Co KG, AGC Chemicals Americas Inc., Arkema SA, Ashland Inc, Avery Dennison Corporation, The Boston Blacking Company, Chemence Medical Inc., DAP Products Inc., Dow Chemical Company, Evonik Industries AG, Franklin International, Hexion Specialty Chemicals Inc, Huntsman Corporation, Illinois Tool Works Inc., ITW Polymers Sealants North America, The Jowat Group, KANEKA CORPORATION, LORD Corporation .

North America was the largest region in the MS polymer adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the MS polymer adhesives market during the forecast period. The regions covered in the ms polymer adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the ms polymer adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The MS polymer adhesives market consists of sales of silyl modified polyethers (MS polymers) and silyl modified polyurethanes (SPUR polymers). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.