Methyl Methacrylate (MMA) Adhesives Market Size, Share, Trends, Growth and Forecast 2032

Methyl Methacrylate (MMA) Adhesives Market: Industry Perspective

The global Methyl Methacrylate (MMA) Adhesives Market size was worth around USD 1547.69 Million in 2023 and is predicted to grow to around USD 2,972.26 Million by 2032 with a compound annual growth rate (CAGR) of roughly 7.52% between 2024 and 2032.

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Global Methyl Methacrylate Adhesive (MMA) Market Definition

Methacrylates are used as building blocks to make a varied range of polymers. These polymers are used as components or raw materials in manufacturing a wide range of objects or formulations. MMA is widely used to produce methacrylate monomers. The product is used to manufacture PMMA (polymethyl methacrylate), consuming around 75% of the MMA or in combination with other monomers to get polymer series.

MMA is generally used with other thermoplastics such as ABS, PVC, and acrylics. It is also used for bonding metals including aluminum, stainless steel, and steel. MMA finds applications in various end-use industries such as building & construction, electronics, automotive, aerospace, paints & coating, medical, and others. Increasing demand for MMA from end-use industries is expected to propel the growth of the global Methyl Methacrylate Adhesive (MMA) Market.

Methyl methacrylate (MMA) adhesives are fundamental adhesives developed to bond metals, plastics, and composites. MMA adhesives are tough, flexible, and easy to use.

The global methyl methacrylate (MMA) adhesives market is likely to experience significant growth in the upcoming years. This can be attributed to the growing product demand, especially in the automotive and transportation, building and construction, marine, wind energy, general assembly end-use industries in emerging economies. Methyl methacrylate adhesives are lightweight and offer streamlined solutions, which are further expected to increase their market demand in the years to come. However, the volatile raw material costs might hamper the methyl methacrylate (MMA) adhesives market. Nevertheless, the growing popularity of eco-friendly, non-toxic, and sustainable adhesives are likely to create new growth opportunities for the major players operating in the methyl methacrylate (MMA) adhesives market on a global scale.

The global methyl methacrylate (MMA) adhesives market study also comprises a detailed value chain analysis for a comprehensive market view. Moreover, the study also includes Porter’s Five Forces model for methylmethacrylate (MMA) adhesives, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the market segments.

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Global Methyl Methacrylate (MMA) Adhesives Market: Segmentation

The study provides a significant view of the global methyl methacrylate (MMA) adhesives market by classifying it into substrate, end-use, and regional segmentation. These segments have been estimated with the future and past trends. Based on the substrate, the methyl methacrylate (MMA) adhesives market is divided into metal, plastic, composite, and others. Based on end-use, the global methyl methacrylate (MMA) adhesives market is mainly segmented into automotive and transportation, building and construction, marine, wind energy, general assembly, and others.

The regional segmentation includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, these are divided into major countries, such as the U.S., India, Germany, France, UK, China, Japan, and Brazil.

By region, the methyl methacrylate (MMA) adhesives market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In 2023, Asia Pacific was the largest market for methyl methacrylate (MMA) adhesives, mainly due to the huge product demand by the region’s marine, automotive and transportation, and wind energy sectors. Moreover, Asia Pacific is anticipated to be the fastest growing market for methyl methacrylate (MMA) adhesives over the next few years, owing to the increasing demand for methyl methacrylate (MMA) adhesives, especially for automotive and transportation and construction industries. The methyl methacrylate (MMA) adhesives market growth in Europe and North America is expected to be high in the future. The Latin American and the Middle Eastern and African markets are projected to witness massive growth over the forecast time period, owing to the huge investments made by the international players in methyl methacrylate (MMA) adhesives projects.

Methyl Methacrylate (MMA) Adhesives Market: Report Scope

The major vendors of the global methyl methacrylate (MMA) adhesives market include-

• The 3M Company
• Arkema
• Illinois Tool Works Inc.
• Lord Corporation
• Scott Bader
• SCIGRIP
• Henkel AG & Company
• Lord Corporation
• Parsons Adhesives
• Permabond LLC
• Huntsman Corporation
• among others.

This report segments the global methyl methacrylate (MMA) adhesives market into:

Global Methyl Methacrylate (MMA) Adhesives Market: Substrate Analysis

• Metal
• Plastic
• Composite
• Others

Global Methyl Methacrylate (MMA) Adhesives Market: End-Use Analysis

• Automotive and Transportation
• Building and Construction
• Marine
• Wind Energy
• General Assembly
• Others

Global Methyl Methacrylate (MMA) Adhesives Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa