Global methyl methacrylate adhesives market growth to be majorly driven by increasing demand and consumption from aerospace and automobile industries across the globe

Increasing demand for methyl methacrylate adhesives form the automotive, aerospace, and transportation industries is major factor expected to drive growth of the global methyl methacrylate adhesives market over the forecast period.

The global methyl methacrylate adhesives market report has been segmented on the basis of material type, application, and region.

On the basis of material type, the global methyl methacrylate adhesives market has been segmented into composites, metals, and plastics. The composites segment is estimated to account for significant share in terms of revenue in the global methyl methacrylate adhesives market. The composites segment revenue is also projected to register highest CAGR over the forecast. Manufacturers are increasingly shifting from traditional mechanical fasteners to methyl methacrylate adhesives to reduce the weight of vehicles and increase productivity.

On the basis of application, the global methyl methacrylate adhesives market has been segmented into commercial vehicle, marine, wind energy, and general assembly. The marine segment is expected to account for significant share in the global methyl methacrylate adhesives market in terms of revenue. The marine segment revenue is also projected to register highest CAGR over the forecast. Methyl methacrylate adhesives offer benefits such as high impact resistance and ability to minimize need for surface preparation.

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On the basis of region, the global methyl methacrylate adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is expected to dominate with major revenue share in the global methyl methacrylate adhesives market in 2017. Asia Pacific market is projected to register highest CAGR in terms of revenue in next 10 years, owing to increasing demand from automobile, aviation, and transportation industries in countries in this region.

Key players operating in the global market include Illinois Tool Works Inc., Henkel Corporation, SciGrip Adhesives Limited, Arkema S.A., Scott Bader Company Limited, LORD Corporation, 3M Company, Huntsman International LLC, Cyberbond L.L.C., Permabond LLC, and Parson Adhesive, Inc.

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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