MS Polymers Market by Type, Application, End-use Industry and Region - Global Forecast to 2026 - ResearchAndMarkets.com

The "Global MS Polymers Market by Type (SMP, SPUR), Application (Adhesives & Sealant, Coatings), End-use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly, Electronics), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Global MS Polymers market is projected to grow from USD 1.4 Billion in 2021 to USD 1.9 Billion by 2026, at a CAGR of 6.1% between 2021 and 2026.

The key factor driving the growth of the market includes environmental regulations in North American and European countries for the use of solvent- and isocyanate-based adhesives.

Building & Construction segment is estimated to be the largest segment of the MS Polymers market

MS Polymers adhesives are used in a wide range of applications, such as flooring, tiling, waterproofing, carpet layment, wall coverings, insulation, roofing, civil operations, facade, and parquet. They are gaining importance in the construction industry in bonding, renovation, and maintenance & repair of residential & commercial buildings as well as civil engineering applications. The developments of multi-storied buildings and skyscrapers have increased the demand for adhesives in the building & construction end-use industry. The panels of these new high-rise buildings are bonded with adhesives instead of attaching with screws. The use of adhesives in these buildings is advantageous.

APAC is the forecasted to be the fastest-growing MS Polymers market during the forecast period

APAC is forecasted to be the fastest-growing MS Polymers market during the forecast period. The APAC market is expected to witness significant growth due to the rising use of innovative adhesives & sealants in various industries, such as automotive, construction, aerospace, electrical & electronics, and industrial assembly in countries such as China, India, and South Korea. APAC is a strategic location for many transportation and automotive manufacturers to set up or expand their manufacturing base and take advantage of the low manufacturing cost.

Market Dynamics

Drivers

• Growing Demand for Hybrid Resins in Manufacturing Adhesives & Sealants
• Unavailability of New Polymeric Materials
• Environmental Regulations in North America and Europe

Restraints

• Lack of Acceptance from End-users

Opportunities

• Growing Demand for Non-Hazardous, Green, and Sustainable Adhesives & Sealants

Challenges

• Limited Market Opportunities in Developed Countries

Companies Mentioned

• AGC Chemicals
• Covestro
• Evonik Industries AG
• Hubei Co-Formula Material Tech
• Inov Chem
• Kaneka
• Momentive
• Risun Polymer
• Sisib Silanes and Silicones
• Wacker Chemie

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005705/en/