Methyl Methacrylate (MMA) Adhesive Market worth 1.30 Billion USD by 2020


Posted September 1, 2016 by RohitBhagare

The drivers identified for the MMA adhesive market are high demand from commercial vehicle and marine applications, increasing awareness and excellent performance of MMA adhesive.

 
The report "Methyl Methacrylate (MMA) Adhesive Market by Material Type (Composites, Metals, Plastics, and Others), by Application (Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others), & by Region - Global Forecasts to 2020", Global MMA adhesive market size projected to reach USD 1.30 Billion by 2020 registering a CAGR of 5.73% between 2015 and 2020.
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Key content of this market:
The global MMA adhesive market is expected to register a CAGR of 5.73% and the market size, in terms of value, is projected to reach USD 1.30 Billion by 2020. Years considered for the study i.e base year is 2014 and forecast year is 2020. The market for MMA adhesive includes adhesive used for bonding of components in applications such as commercial vehicle, marine, wind energy, general assembly, and others. Commercial vehicle application is expected to dominate the global MMA adhesive market due to the increasing demand for bonding of dissimilar materials and increasing penetration of advanced materials such as aluminum and composites in the commercial vehicles, which will increase the demand for MMA adhesive.
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The MMA adhesive market size, in terms of value, is estimated to reach USD 1.30 Billion by 2020, signifying a firm CAGR of over 5.73% between 2015 and 2020. The drivers identified for the MMA adhesive market are high demand from commercial vehicle and marine applications, increasing awareness and excellent performance of MMA adhesive.
Marine application is the fastest growing application in MMA adhesive due to rising demand for recreational boating. For the marine industry, MMA adhesive offer adjustable assembly time for components of complex nature such as bonding of hull to deck, UV resistance when white joints are exposed, primer less bonding of metals and composites substrates, strong, and durable bond not susceptible to brittleness or cracking.
Composites materials are estimated to witness the best growth prospects for MMA adhesive. MMA adhesive are popular for niche applications of composite bonding, as they can bond large assemblies and materials having different surface energies along with SMC, which earlier had concerns owing to incompatibility with some mold releases. MMA adhesive enable bonding of thinner substrates with low read-through lines without any distortion on the outer surface of the component. These adhesive are extensively used by the marine and transportation industries owing to the need for improving aesthetics along with maintaining design, costs, and speed of production.
The biggest market of MMA adhesive is North America, followed by Europe and Asia-Pacific.. It is estimated that North America will record a high growth due to strong demand from commercial vehicle and marine segments. The North American market has been a leader with respect to demand of MMA adhesive as well as product innovation in terms of improved performance, durability, and new application development, such as in commercial vehicle, marine, automotive, pipes and tanks, and wind energy industry.
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Issued By Rohit Bhagare
Country India
Categories Business , Research
Last Updated September 1, 2016