MS Polymer Hybrid Adhesives and Sealants: Introduction
- The MS polymer hybrid adhesives and sealants market has been expanding significantly due to the rise in adoption of hybrid adhesives and sealants in automobiles and construction sectors. Modified silane (MS) polymers are enormous, changed particles ending with a silyl group. These polymers are framed from high sub-atomic weight polypropylene oxide. They are used in different applications due to their grip toward a wide scope of substrates alongside great protection from high temperature and bright beams.
- MS polymer hybrid sealants are increasingly being used for wall covers, waterproofing, window and door jambs, decks, and protection in the construction sector
Key Drivers and Restraints of Global MS Polymer Hybrid Adhesives and Sealants Market
- MS polymer hybrid sealants are being used widely for wall covers, waterproofing, and windows and door jambs. Hence, the development of the construction sector is a key factor driving the market.
- Rise in production of automotive and increase in interest for lightweight and Electric Vehicles (EVs) are likely to boost the demand for MS polymer hybrid adhesives. These items are used in vehicle body, component, floor, internal and external sealing, and chassis. They are also used for general manufacturing, side window, windscreen, trailer bonding, sunroof, and trailer holding. However, unpredictability in crude material costs is expected to hamper the market.
MS Polymer Hybrid Adhesives and Sealants: Product Segment
- Based on product, the global MS polymer hybrid adhesives and sealants market can be segmented into sealants and adhesives. Demand for adhesives is prominent in the automotive industry and industrial assembly. These products help in enhancing product efficiency along with reducing the cost of production. The requirement of adhesives is significant in automotive production; for instance, around 15 kilograms of adhesives are required in assembling, bonding, and laminating the interior parts of a vehicle.
- The sealants segment is anticipated to expand at a fast-paced CAGR during the forecast period. Rise in emphasis on using eco-friendly products is anticipated to compel builders to use MS polymer hybrid sealants. The product segment can be further segregated into colored and transparent.
COVID-19 Impact on MS Polymer Hybrid Adhesives and Sealants Market
- Since the beginning of 2020, global economy has been experiencing downturn with the outbreak of the COVID-19 disease. The outbreak of COVID-19 is anticipated to significantly impact the production and distribution of MS polymer hybrid adhesives and sealants.
- Governments of several countries have imposed strict lockdowns to curb the spread of the COVID-19 pandemic. Many manufacturing companies have either shut down temporarily or are running low on production capacity.
- Decrease in industrial activities due to the pandemic has been adversely impacting the global MS polymer hybrid adhesives and sealants market.
Asia Pacific Holds Major Share of MS Polymer Hybrid Adhesives and Sealants Market
- In terms of region, the global MS polymer hybrid adhesives and sealants market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific accounted for dominant share of the global MS polymer hybrid adhesives and sealants market in 2020. Strong output from the construction industry, owing to increasing consumer spending for residential and non-residential infrastructure, is propelling the demand for MS polymer hybrid adhesives and sealants in the region.
- Increase in repair and refurbishment projects; and growth in commercial projects in North America are boosting the market in the region
- Significant investments in the upgrade of infrastructure, especially in the wider New York metro area, is expected to trigger the growth of the U.S construction output, eventually contributing toward market growth
Key Manufacturers Operating in Global MS Polymer Hybrid Adhesives and Sealants Market
The global MS polymer hybrid adhesives and sealants market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global MS polymer hybrid adhesives and sealants market include:
- Bostik
- 3M
- Wacker Chemie AG
- Sika
- Henkel Corporation
- Novachem Corporation
- The Sherwin-Williams Company (Geocel)
- Arkema
- H.B. Fuller Company
- MAPEI S.P.A
- Tremco Illbruck
Global MS Polymer Hybrid Adhesives and Sealants Market: Research Scope
Global MS Polymer Hybrid Adhesives and Sealants Market, by Product
Global MS Polymer Hybrid Adhesives and Sealants Market, by Application
- Transportation
- Construction
Global MS Polymer Hybrid Adhesives and Sealants Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
