Stratview Research has recently published a report on Methyl Methacrylate Adhesives Market segmented by Substrate Type (Metal, Plastic, Composite, and Others), by End-Use Industry Type (Automotive & Transportation, Building & Construction, Marine, Wind Energy, General Assembly, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Methyl Methacrylate Adhesives Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Methyl Methacrylate Adhesives Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
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.
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.
In terms of regions, 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.
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.
Key Players in the Methyl Methacrylate Adhesives MarketIllinois Tool Works Inc. Henkel AG & Co. Kgaa H.B. Fuller Company The 3M Company Arkema S.A. (Bostik) Huntsman International LLC. Sika AG Scigrip Scott Bader Company Ltd. Lord Corporation.
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