The Plating on Plastics Market is expected to grow at > 7.2% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Plating on Plastics Market
Methyl Methacrylate Adhesives Market is likely to witness an impressive CAGR of 7.2% over the forecast period. The prime factor that is contributing to the demand for methyl methacrylate adhesives is the rising demand for high-performance miniature electronic devices.
Asia-Pacific is estimated to be the largest methyl methacrylate adhesives market during the forecast period, with China, Japan, South Korea, and Taiwan being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of automotive and construction industries, which is generating huge demand for methyl methacrylate adhesives. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
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Market Scope & Market Segmentation
Methyl Methacrylate Adhesives Market Share: By Substrate Type
Based on the substrate type, the market is segmented as metal, plastic, composite, and others. The metal segment held the largest share of the market in 2019. The metal segment is expected to remain the largest segment by substrate type over the forecast period as it is predominantly used in end-use industries due to durability and low cost. On the other hand, the composite segment is expected to expand with the highest CAGR over the forecast period owing to rising demand for bonding composite components, such as bumpers, deflectors, composite tanks, roofs, car seats, blades, etc.
Methyl Methacrylate Adhesives Market Share: By End-Use Industry Type
Based on the end-use industry type, the methyl methacrylate adhesives market is segmented as automotive & transportation, building & construction, marine, wind energy, general assembly, and others. The automotive & transportation segment dominates the market owing to huge demand for bonding dissimilar materials coupled with the rising penetration of advanced materials.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.