The market size of MMA adhesives is projected to reach USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight and low carbon-emitting vehicles, the superior performance of MMA adhesives, and increasing demand from the automotive and marine end-use industries are expected to drive the MMA adhesives market during the forecast period.
Methyl methacrylate (MMA) adhesives are a type of two-part acrylic adhesives that are used for a variety of industrial applications. They are often used to bond materials together that require reliable performance in a wide range of temperatures and environmental conditions, such as automotive and aerospace components, and electrical and electronic devices. MMA adhesives are also used for glass bonding, structural bonding, and in potting and encapsulation applications.
MMA adhesives offer several advantages over other types of adhesives, such as fast curing times, excellent adhesion to a variety of substrates, excellent resistance to water and chemicals, and good mechanical and electrical properties. These advantages make MMA adhesives an attractive choice for a variety of bonding and potting applications.
The demand for MMA adhesives is high due to their wide range of applications and their ability to bond different substrates. They are used in a variety of industries, including automotive, aerospace, and electronics, and they are used to bond materials with different properties. As the demand for stronger and more reliable bonds increases, the demand for MMA adhesives is expected to continue to grow.
The key players in the market include Illinois Tool Works Inc. (US), Arkema (France), SCIGRIP (UK), Scott Bader (UK), Lord Corporation (US), Henkel (Germany), Permabond LLC (US), Parsons Adhesive Inc. (US), Huntsman Corporation (US), and 3M (US) and others.
