According to the new market research report “MS Polymer Adhesives Market by Type (Adhesives, Sealants), End-Use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region (APAC, Europe, North America, South America, Middle East & Africa) – Global Forecast to 2025″, The market size for MS polymer adhesives is projected to grow from USD 4.2 Billion in 2020 to USD 5.9 Billion, at a CAGR of 7.2%. MS polymer adhesives are largely used in the Building & Construction, Automotive & Transportation, and Industrial assembly industry.
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Automotive & Transportation is the fastest-growing segment of the overall MS polymer adhesives market. MS polymer adhesives are used in cars, commercial vehicles (bus, rail, and truck), and aerospace. The automotive & transportation industry continuously demands more advanced and improved bonding. MS polymer adhesives offer excellent adhesion, superior durability, chemical & temperature resistance, and low shrinkage. They are preferred in interior and exterior applications such as bonding of glass fiber, metals, plastics, and composite substrates in the aircraft manufacturing industry, commercial & specialty vehicles (agricultural, construction, military, and armor), and OEMs.
APAC accounts for the largest share of the MS polymer adhesives market, followed by Europe and North America. The building & construction end-use industry dominated the MS polymer adhesives market globally. The improved performance of hybrid adhesives like MS polymer has led manufacturers to shift to the manufacturing of MS polymer adhesives rather conventional adhesives & sealants. MS polymer hybrid is a decade old technology in APAC and was first introduced in Japan. The region adopted this technology at the very nascent stage and is currently leading the market.
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101 – Tables
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The MS polymer adhesives market is projected to grow from USD 4.2 Billion in 2020 to USD 5.9 Billion by 2025, at a CAGR of 7.2% between 2020 and 2025. APAC is estimated to be the largest consumer of MS polymer adhesives. The global MS polymer adhesives market is driven by the growing demand for hybrid resins in manufacturing adhesives & sealants and the unavailability of new polymeric materials.
The key players operating in the market are Henkel AG (Germany), Sika AG (Switzerland), Arkema S.A. (France), and the 3M Company (US). These players have adopted various strategies, such as merger & acquisition, investment & expansion, and new product launch to grow in the market. Investment & expansion was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their global presence.
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Henkel (Germany) is engaged in consumer and industrial businesses. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes); laundry & home care (household cleaning products, such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products, such as shampoos, toothpastes, hair colorants, and shower products), and corporate. The adhesive technologies segment of the company is a leader in the adhesives market across various end-use industries, globally. The company manufactures MS polymer adhesives under this segment and markets them under brand TEROSON. Henkel has operations in North America, Latin America, APAC, Europe, the Middle East, and Africa. The company focuses on R&D and investment to maintain its leading position in the adhesives business.
Sika (Switzerland) is a specialty chemical company, with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicles industry. It operates through two business segments, namely, construction and industrial. The company offers adhesives under both these segments. Sika offers a full line of one and two-component sealants and adhesives for a variety of markets and applications. The company has subsidiaries in 100 countries around the world and manufactures in over 200 factories. It has a strong customer base and has business operations in Europe, North America, Asia-Pacific, South America, Africa, and the Middle East. It competes with Henkel (Germany), Arkema (France), and H.B. Fuller (US). In October 2015, Sika Canada launched a new product based on silane terminated polymer technology named Sikaflex® Crystal Clear. This product is single-component, solvent-free, multi-purpose adhesive and sealant with a crystal-clear appearance. This product can be used in interior and exterior applications in construction industry.
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