Summary
Major players in the ms polymer adhesives market are Henkel AG, Sika AG, 3M Company, H.B. Fuller, Wacker Chemie AG, Tremco Illbruck GmbH, Hermann Otto GmbH, Mapei SPA, Soudal Group, American Sealants Inc., DL Chemicals, Forgeway Limited, Kisling AG, Merz Benteli AG, Novachem Corporation Ltd., Permabond LLC, Tech-Masters, Weicon GmbH & Co KG, and Weiss Chemie Technik GmbH & Co KG.
The global MS polymer adhesives market is expected to grow from $4.50 billion in 2022 to $4.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The MS polymer adhesives market is expected to grow to $6.29 billion in 2027 at a CAGR of 6.8%.
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.
MS polymer adhesive is defined as the high-strength sealant and adhesive that is extremely stretchy.It is also known as modified silicone or hybrid sealants, which uses a modified silane polymer as its base instead of the synthetic polymer base of silicone.
MS polymer adhesives adhere well to non-porous surfaces, bonds to wet surfaces, and may be painted with most paints. It is used in fusing railway bodies, truck cabins, and bus frames together.
North America was the largest region in the MS polymer adhesives market in 2022.Asia-Pacific is expected to be the fastest-growing region in 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 and Africa.
The main types of MS polymer adhesives include adhesives and sealants.Adhesives are the substance that help to functionally retain materials together through surface adhesion that resists separation.
The different end users of MS polymer adhesives include automotive and transportation, building and construction, industrial assembly and others.
The increasing use of MS polymer adhesives in aerospace applications is expected to propel the growth of the market going forward.Due to the increase in demand for cutting-edge aircraft, which is mostly affected by the entry of new airlines and the expansion of established carriers, the commercial aerospace application has experienced significant demand in recent years.
During the forecast period, the demand for MS polymer adhesives in this end-use sector segment is projected to be driven by an increase in air traffic, a desire for fuel-efficient aircraft, the replacement of outdated aircraft, and economic expansion in emerging markets.MS polymer adhesives provide a high-strength bonding in aerospace applications.
For instance, according to the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to a US-based aircraft industry company, Boeing’s 2020-2039 commercial market outlook, India’s domestic air passenger market is expected to double its size by 2030, from the pre-pandemic levels. Therefore, the use of MS polymer adhesives for aerospace applications is expected to drive the growth of the market.
The growing trend of non-hazardous, green, and sustainable adhesives and sealants in MS polymer adhesives is a key trend gaining popularity in the market.Key players in the MS polymer adhesives are focusing offering non-hazardous, green, and sustainable adhesives to gain a competitive edge in the market.
For instance, in August 2022, Toyo-Morton, Ltd., a Japan-based laminating adhesive manufacturer, introduced the ECOAD range of polyurethane solvent-free laminating adhesive systems. It may be laminated without being diluted with an organic solvent, giving users a considerable environmental benefit.
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). With this acquisition, it makes a consistent move in the global silicone business strategy to increase the share of high-margin specialties. SICO Performance Material Co., Ltd. is a China-based provider of a variety of organo-functional silanes used in the automotive, semiconductor, electronics, and construction industries.
The countries covered in the MS polymer adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The MS polymer adhesives market research report is one of a series of new reports 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.
