Overview and Scope
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.
Sizing and Forecast
The ms polymer adhesives market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to environmental regulations and sustainability, replacing traditional solvent-based adhesives, increased construction activities, automotive industry demand, shifting consumer preferences..
The ms polymer adhesives market size is expected to see strong growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing market penetration and adoption, demand diversification in industrial applications, home improvement and diy segment growth, expanding applications in aerospace and marine sectors, rising consumer awareness and demand.. Major trends in the forecast period include demand for customization and innovation, increased consumer awareness and preference, versatility and multi-functionality, shift from solvent-based adhesives, diverse applications in construction..
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Segmentation & Regional Insights
The ms polymer adhesives market covered in this report is segmented –
1) By Type: Adhesives, Sealants
2) By End User: Automotive And Transportation, Building And Construction, Industrial Assembly, Other End Users
North America was the largest region in the MS polymer adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the MS polymer adhesives market during 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, Africa
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Major Driver Impacting Market Growth
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. Therefore, the use of MS polymer adhesives for aerospace applications is expected to drive the growth of the market.
Key Industry Players
Major companies operating in the MS polymer adhesives market are adopting a strategic partnership approach aiming to help adhesive tapes in the expanding e-commerce packaging business. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in July 2022, H.B. Fuller Company, a US-based manufacturing company of MS polymer adhesives, announced a partnership with Enimac SRL. The collaboration brings together experts from both firms who will successfully combine their promotional and application skills with a sophisticated understanding of pressure-sensitive adhesive tapes to help the expanding e-commerce packaging sector. The partnership with Enimac strengthens H.B. Fuller Company’s presence in the market as the e-commerce packaging market kicks off its next wave of explosive expansion by leveraging the effectiveness of tape and its application technology knowledge to offer quality solutions and technical assistance to a wide range of packaging makers. Enimac SRL is an Italy-based tape application equipment manufacturer.
The ms polymer adhesives market report table of contents includes:
1. Executive Summary
2. MS Polymer Adhesives Market Characteristics
3. MS Polymer Adhesives Market Trends And Strategies
4. MS Polymer Adhesives Market – Macro Economic Scenario
5. Global MS Polymer Adhesives Market Size and Growth
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31. Global MS Polymer Adhesives Market Competitive Benchmarking
32. Global MS Polymer Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The MS Polymer Adhesives Market
34. MS Polymer Adhesives Market Future Outlook and Potential Analysis
35. Appendix
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