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(Transportation-News.com, September 28, 2016 ) Browse 116 market data Tables and 54 Figures spread through 159 Pages and in-depth TOC on "Methyl Methacrylate (MMA) Adhesive Market by Material Type (Composites, Metals, Plastics, and Others), by Application (Commercial Vehicle, Marine, Wind Energy, General Assembly, and Others), & by Region - Global Forecasts to 2020"
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The major driver identified for the global MMA adhesive market is the growing demand from commercial vehicle, marine, and wind energy industries. Increasing use of advanced materials, compliance with environmental regulations, reduction of manufacturing cost, and increasing speed of production process lead several end users to adopt MMA adhesive for bonding.
Increasing Demand for Bonding Dissimilar Materials in Applications such as Commercial vehicle and Marine is Driving Demand of MMA Adhesive
The commercial vehicle and marine are some of the major applications of MMA adhesive. MMA adhesive enable bonding of thinner substrates with low read-through lines without any distortion on the outer surface of the component. These adhesive are extensively used by the marine and transportation industries owing to the need for improving aesthetics along with maintaining design, costs, and speed of production.
North America is the largest market for MMA adhesive, both in terms of volume and value, followed by Western Europe and Asia-Pacific. U.S. is among the leading consumer of MMA adhesive, globally, due to the increase in demand MMA products in U.S. market. MMA adhesive offer the benefit of high impact resistance and the ability to minimize the need for surface preparation, thus increasing productivity and reducing assembly costs which increase the demand of MMA adhesive for bonding. The markets in other emerging economies such as India and China are also expected to witness rapid growth.
Marine application is the fastest growing application in MMA adhesive due to rising demand for recreational boating. For the marine industry, MMA adhesive offer adjustable assembly time for components of complex nature such as bonding of hull to deck, UV resistance when white joints are exposed, primer less bonding of metals and composites substrates, strong, and durable bond not susceptible to brittleness or cracking.
Composites materials are estimated to witness the best growth prospects for MMA adhesive. MMA adhesive are popular for niche applications of composite bonding, as they can bond large assemblies and materials having different surface energies along with SMC, which earlier had concerns owing to incompatibility with some mold releases.
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