MS Polymer Adhesives Market Size, Share, Growth Analysis, By Product(Sealants and Adhesives), By Application(Building and construction, transportation, and other industries), By Region - Industry Forecast 2024-2031

MS Polymer Adhesives Market size was valued at USD 5.2 billion in 2019 and is poised to grow from USD 5.52 billion in 2023 to USD 8.35 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

The MS polymer adhesives market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Henkel AG & Co. KGaA', 'Bostik', '3M Company', 'Sika AG', 'Huntsman Corporation', 'Ashland Holdings Inc.', 'H.B. Fuller Company', 'Lord Corporation', 'Illinois Tool Works Inc.', 'Avery Dennison Corporation', 'Dow Inc.', 'Pidilite Industries Limited', 'Permabond LLC', 'Dymax Corporation', 'Panacol-Elosol GmbH', 'Jowat SE', 'Mapei SpA', 'RPM International Inc.', 'Arkema Group', 'Franklin International Inc.', 'In May 2022, Hempvine announced the launch of its new Straight 8. This product was created specifically for a quick and pleasant way to correct poor posture. The product is innovative for the shoulders, lower and middle back, and neck, promoting muscle memory and correct alignment to preserve healthy posture.', 'In November 2021, Ottobock announced that it has acquired suitX, a US-based firm with the expertise and products to change the exoskeleton market and increase the use of exoskeletons, prosthetics, and orthotics internationally.', 'In October 2021, AP debuted its latest line of four hybrid sealants, combining the greatest properties of polyurethane and silicone with professional formulae for a variety of applications. The AMP advanced modified polymer sealants provide a weatherproof seal on both the interior and exterior of the building. It inhibits mold and mildew growth and can be used on wet and damp surfaces at temperatures ranging from 0 to 140 degrees Fahrenheit. The polymer adheres strongly to a variety of building materials and meets ASTM C920 requirements for contraction and expansion under harsh weather conditions.', 'in February 2021, Bostik solidifies its position in the quickly growing Brazilian construction adhesives industry through the strategic acquisition of Poliplas, a leading company in hybrid-technology sealants and adhesives. The project follows Arkema's troubled growth strategy in adhesives and high-growing countries. Popilas has more than 2,000 customers to offer in this arrangement, as well as superior quality sealing and bonding solutions in different construction technologies, with rapid sales development, exceeding €10 million by 2020, and a plant in the state of So Paulo. The company is the leading local participant in the rapidly increasing hybrid sealants and adhesives market, a technology with a wide range of application features and a fundamental technology for Bostik worldwide.'

The use of MS polymer adhesives in the aerospace end-use industry is entirely based on the development of new aircraft as well as maintenance, repair, and operations (MRO). The commercial aerospace market has seen significant demand in recent years due to an increase in demand for advanced aircraft, which is mostly affected by new airline entrance and expansion of current carriers. During the forecast period, an increase in air traffic, desire for fuel-efficient aircraft, replacement of old aircraft and economic expansion in emerging regions are expected to drive demand for MS polymer adhesives in this end-use industry segment. The growing middle-class population and rising incomes in emerging markets are increasing the demand for air travel, which is fuelling the demand for new commercial aircraft. Such advancements will be critical in driving the market forward.

The United States Environmental Protection Agency (US EPA), Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies have compelled manufacturers to produce eco-friendly adhesives with low VOC levels. The need for green adhesives or those with low VOC is increasing due to a growing trend of adopting eco-friendly or green products in numerous industries. Moving towards a more sustainable product portfolio has created a substantial growth opportunity for the sector. Green buildings are becoming more popular in the worldwide construction sector. This appears to be encouraging for the development of greener, more sustainable adhesive solutions. These eco-friendly adhesives are made from renewable, recycled, remanufactured, or biodegradable ingredients. The use of such environmentally friendly items is also beneficial to human health. The European and US markets are heavily regulated by REACH and GHS. More emphasis is being placed on eliminating the use of banned or hazardous compounds in the production of adhesives and sealants, such as organotins, mercury, monomeric isocyanates, pyrrolidones, phthalates, and nonylphenols. This helps to drive the MS Polymers industry forward. This is expected to enhance the adoption of environmentally friendly products and improve the company's image for promoting environmentally friendly items, thereby increasing friendliness.

Asia Pacific accounted for the largest revenue share of the market. The growing demand for MS polymer is linked to the expansion of the building and manufacturing industries, as well as increased FDIs in the region. Growing infrastructure development and increased car production in the region are expected to boost the market growth. China is predicted to be a promising market for a variety of end-use industries. China's ongoing demand for industrial, health, hygiene, and infrastructure expansion has created a need for new construction projects, which is expected to enhance the country's construction sector. The country's expanding adhesive demand is boosting manufacturing expansion. In August 2018, Evonik Industries and Wynca announced plans to launch a joint venture in China to produce fumed silica to address the need for silicones, adhesives and sealants, and paints and coatings.