Jan 22, 2021   SOURCE: BusinessWire

The Worldwide MS Polymer Adhesives Industry is Expected to Grow to $5.9 Billion by 2025 - ResearchAndMarkets.com

The "MS Polymer Adhesives Market by Type (Adhesives, Sealants), End-Use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The MS polymer adhesives market is projected to grow from USD 4.2 Billion in 2020 to USD 5.9 Billion by 2025, at a CAGR of 7.2% between 2020 and 2025.

The global MS polymer adhesives market is driven by the growing demand for hybrid resins in manufacturing adhesives & sealants and the unavailability of new polymeric materials.

The Building & Construction segment is estimated to be the largest segment of the MS polymer adhesives market.

The developments of multi-storied buildings and skyscrapers have increased the demand for adhesives in the building & construction end-use industry. The panels of these new high-rise buildings are bonded with adhesives instead of attaching with screws. The use of adhesive in these buildings is advantageous, as it reduces the time consumed in panel assembly work, provides excellent finish quality, and eliminates the need for cold-conducting metal frames in panes and panels. It helps distribute the load evenly and reduces the stress on the joints, which leads to improved strength. Many companies are shifting from conventional adhesives & sealants to MS polymer adhesives owing to their environmentally friendly properties.

APAC is forecasted to be the fastest-growing MS polymer adhesives market during the forecast period.

APAC is forecasted to be the fastest-growing MS polymer adhesives market during the forecast period. The region encompasses countries with different levels of economic development. The market growth in the region is mainly attributed to the use of MS polymer adhesives in various industries, such as automotive and construction. The rising trade war tension between the US and China and low labor costs in APAC have forced various end-users of adhesives to relocate and establish their manufacturing base in the region.

This relocation is expected to increase the demand for adhesives in APAC. India offers low-cost labor, which can provide significant investment opportunities for companies. Government initiatives, such as Make in India and the proposed scheme on entrepreneurship development, may open up additional opportunities in the industrial and infrastructure segments. All these factors are expected to drive the MS polymer adhesives market in APAC.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Market Dynamics

Drivers

  • Growing Demand for Hybrid Resins in Manufacturing Adhesives & Sealants
  • Unavailability of New Polymeric Materials
  • Environmental Regulations in North America and Europe

Restraints

  • Lack of Acceptance from End-users

Opportunities

  • Growing Demand for Non-Hazardous, Green, and Sustainable Adhesives & Sealants

Challenges

  • Limited Market Opportunities in Developed Countries

Companies Mentioned

  • 3M Company
  • American Sealants, Inc.
  • Arkema (Bostik)
  • DL Chemicals
  • Forgeway Limited
  • H.B. Fuller
  • Henkel Ag
  • Hermann Otto GmbH
  • Kisling Ag
  • Mapei S.P.A.
  • Merz+Benteli Ag
  • Novachem Corporation Ltd.
  • Permabond LLC.
  • Sika Ag
  • Soudal Group
  • Tech-Masters
  • Tremco Illbruck GmbH & Co. Kg.
  • Wacker Chemie Ag
  • Weicon GmbH & Co.Kg
  • Weiss Chemie + Technik GmbH & Co. Kg

For more information about this report visit https://www.researchandmarkets.com/r/gc1nha