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Global Methyl Methacrylate Adhesives Market Size, Forecast: By Product: Metal, Plastic, Composite, Others; By End-Use: Automotive and Transportation, Building and Construction, Marine, Wind Energy, General Assembly, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Methyl Methacrylate Adhesives Market Outlook
The global methyl methacrylate adhesives market size reached a value of approximately USD 1.53 billion in 2023. The market is expected to grow at a CAGR of 7.70% during the forecast period of 2024-2032 to attain a value of USD 2.99 billion by 2032.
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Global Methyl Methacrylate Adhesives Market Trends
Methyl methacrylate (MMA) adhesives are reactive acrylic adhesives that typically include an initiator and resin (or a hardener and resin). MMAs are versatile and are widely utilised as they can bond strongly with most metals, rubbers, and engineering plastics, such as ABS, PC, PET, fibreglass, and wood, among others. At room temperature, MMAs cure fast and reach their optimal binding strength in a very short time after application.
- The growth of the methyl methacrylate market is driven by the increasing demand from the building and construction industry owing to the rapid infrastructural developments in various regions around the world.
MMAs are widely utilised in various applications, such as windows, uPVC doors, panels, and architectural components, due to their excellent bonding properties.
- The rise in residential development has aided the construction sector to expand quickly in nations like India, Indonesia, Vietnam, Thailand, and Singapore, among others. The rapid development pace is anticipated to provide numerous opportunities for methyl methacrylate adhesives market expansion.
- One of the main factors propelling the market growth is the rising demand for methyl methacrylate adhesives from the automotive and transportation industry. The increasing implementation of advanced raw materials and technologies for components in the automotive industry has increased the necessity for bonding technologies.
Global Methyl Methacrylate Adhesives Market Opportunities and Challenges
- The rising implementation of polymethyl methacrylate (PMMA), in the manufacturing of domes, which are used in the building and construction industry , owing to various advantages, such as UV resistance, high transparency, and surface hardness, is expected to proliferate the market value.
- Ethylene-based MMA production is a rising technology and its increasing utilisation for different purposes can aid the market growth. This trend can provide new development opportunities, especially in regions where ethylene is readily available.
- The market development for methyl methacrylate adhesive can get hindered by fluctuating prices. In addition, oversupply, and declining production facilities due to ageing technology have affected the price of MMAs.
Global Methyl Methacrylate Adhesives Market Analysis
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Based on product, the market can be segmented into metal, plastic, and composite, among others. Based on end-use, it can be bifurcated into automotive and transportation , building and construction, marine, wind energy, and general assembly, among others. The regional markets for the methyl methacrylate adhesives market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global methyl methacrylate adhesives market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- The 3M Company
- Arkema S.A
- Cedesa Ltd
- Scott Bader Company Limited
- Henkel AG & Co. KGaA
- Others
Market Share by Product
The market for methyl methacrylate adhesives, based on product, is comprised of metal, plastic, and composite, among others.
Among these, the composite segment is expected to show a high growth rate during the projection period, due to the high demand for methyl methacrylate adhesives for composites. The MMAs are increasingly being utilised for various composites, such as bumpers, blades, deflectors, roofs, car seats, and composite tanks, among many others.
Market Share by End-Use
Based on end-use, the methyl methacrylate adhesives market bifurcations include automotive and transportation, building and construction, marine, wind energy, and general assembly, among others. The building and construction segment, followed by the automotive and transportation segment, is expected to hold a significant share of the market. The building and construction sector is driven by the rapidly growing population and increasing urbanization, especially in the Asia Pacific region.
The automotive sector has increased the demand for MMAs as these adhesives have penetrated the market as one of the best solutions for bonding composites. With an increasing focus on manufacturing lighter vehicles, MMAs provide an excellent solution as they can distribute the load evenly around the bonding area while providing superior toughness, endurance, and impact resistance.
Market Share by Region
The global market for methyl methacrylate adhesives consists of various regional markets including North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
In the global market, the Asia Pacific region is expected to show exponential growth during the forecast period. Additionally, the region's significant expansion in a variety of industries, including building and construction and transportation, in nations like China, India, Malaysia, Thailand, and Indonesia, is expected to provide new growth opportunities for methyl methacrylate adhesive market development.
Furthermore, the manufacturing of automobiles has increased significantly in countries such as India, Indonesia, Malaysia, and China, which will act as another driving factor.
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Competitive Landscape
The 3M Company is one of the largest multinational conglomerates in the world, with a focus on various fields, including industry, health care, safety and consumer products. The company was founded in 1902, and it is also known as Minnesota Mining and Manufacturing company. It has a large range of products, including abrasives, adhesives, building materials, coatings, electronics materials, lubricants, labels, and tapes, among many others.
Arkema S.A. is a multinational chemical manufacturing company with its headquarters located in Colombes, near Paris, France. The company has developed its expertise in high-performance materials, industrial specialities, and coating solutions. Their three main speciality materials include adhesive, advanced materials, and coatings.
Scott Bader Company Limited is one of the leading international chemical companies, established in 1921. The company is headquartered in Wellingborough, United Kingdom, and it has been operating for more than 100 years with expertise in the manufacturing of adhesives, resins, functional polymers, advanced composites, and gel coats that are distributed in various market sectors.
Other market players include Cedesa Ltd and Henkel AG & Co. KGaA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Methyl Methacrylate Adhesives Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Methacrylate Adhesives Historical Market (2018-2023)
8.3 Global Methyl Methacrylate Adhesives Market Forecast (2024-2032)
8.4 Global Methyl Methacrylate Adhesives Market by Product
8.4.1 Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Plastic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Composite
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Methyl Methacrylate Adhesives Market by End-Use
8.5.1 Automotive and Transportation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Building and Construction
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Marine
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Wind Energy
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 General Assembly
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Methyl Methacrylate Adhesives Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Methyl Methacrylate Adhesives Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Methyl Methacrylate Adhesives Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Methyl Methacrylate Adhesives Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Methyl Methacrylate Adhesives Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Methyl Methacrylate Adhesives Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The 3M Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Arkema S.A
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cedesa Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Scott Bader Company Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Henkel AG & Co. KGaA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Methyl Methacrylate Adhesives Market: Key Industry Highlights, 2018 and 2032
2. Global Methyl Methacrylate Adhesives Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Methyl Methacrylate Adhesives Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Methyl Methacrylate Adhesives Historical Market: Breakup by End-Use (USD Billion), 2018-2023
5. Global Methyl Methacrylate Adhesives Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6. Global Methyl Methacrylate Adhesives Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Methyl Methacrylate Adhesives Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Methyl Methacrylate Adhesives Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Methyl Methacrylate Adhesives Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Methyl Methacrylate Adhesives Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Methyl Methacrylate Adhesives Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Methyl Methacrylate Adhesives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Methyl Methacrylate Adhesives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Methyl Methacrylate Adhesives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Methyl Methacrylate Adhesives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Methyl Methacrylate Adhesives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Methyl Methacrylate Adhesives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Methyl Methacrylate Adhesives Market Structure
Key Questions Answered in the Report
The global market for methyl methacrylate adhesives reached a size of USD 1.53 billion in 2023.
The market is expected to grow at a CAGR of 7.70% during the forecast period of 2024-2032.
The market is expected to reach a value of USD 2.99 billion by 2032.
The market growth is driven by the growing utilization of methyl methacrylate adhesives in the building and construction industry and the rapidly increasing urbanisation, which propels residential development, further increasing the demand for MMAs.
The increasing utilisation of MMAs in the automotive industry due to their beneficial characteristics and strong bond with components is a major trend present in the market.
The regional markets for the methyl methacrylate adhesives include North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The products in the market include metal, plastic, and composite, among others.
The different end-uses for methyl methacrylate adhesives in the market include automotive and transportation, building and construction, marine, wind energy, and general assembly, among others.
The key players in the market include the 3M Company, Arkema S.A, Cedesa Ltd, Scott Bader Company Limited, and Henkel AG & Co. KGaA, among others.
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