Global Ms Polymers Market 2024 , Forecast To 2033
7 Mar, 2024
The MS polymers market has shown strong growth recently, expanding from $1.5 billion in 2023 to $1.62 billion in 2024, with a compound annual growth rate (CAGR) of 8.0%. This growth can be attributed to factors such as demand for sustainable adhesives and advancements in polymer chemistry. Looking ahead, the market is anticipated to see continued growth, reaching $2.13 billion in 2028 at a CAGR of 7.0%. Factors contributing to this growth may include consumer preference for low-odor products and focus on circular economy practices. Major trends in this period could include advancements in formulations, customization for specific industries, and digitalization in manufacturing processes.
Global MS Polymers Market Key Driver
Increasing adoption of green building standards is propelling the growth of the MS polymers market (7). With over 36,835 projects earning LEED certification between 2017 and 2021, and an additional 5,000 projects certified in the first three quarters of 2022, there is a growing demand for MS polymers in construction applications due to their environmental benefits, thus driving market growth.
Get A Free Sample Of The Global MS Polymers Market ReportGlobal MS Polymers Market Segments
The ms polymers market covered in this report is segmented –
1) By Type: SMP(Silyl Modified polyether), SPUR(Silyl Terminated Polyurethanes)
2) By Application: Adhesives, Sealant, Coatings
3) By End-Use Industry: Building, Construction, Automotive, Transportation, Industrial Assembly, Electronics
By Geography: The countries covered in the ms polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the MS polymers market in 2023, and is expected to be the fastest-growing region in the global MS polymer market during the forecast period. The regions covered in the ms polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major MS Polymers Industry Players
3M Company; Arkema S.A.; Evonik Industries AG; H.B. Fuller Company; Henkel AG & Co. KGaA; Kaneka Corporation; Momentive Inc.; Sika AG; Wacker Chemie AG; Tremco Illbruck GmbH & Co. Kg; Novachem Corporation; MAPEI S.P.A; Biesterfeld AG; Sames Kremlin; AGC Chemicals Inc.; Dow Inc.; BASF SE; Huntsman Corporation; Ashland Global Holdings Inc.; Avery Dennison Corporation; Chemence Ltd.; Chemique Adhesives & Sealants Ltd.; Dymax Corporation; Franklin International; Hexion Inc.; Jowat SE; Lord Corporation; Permabond LLC; Soudal NV; Showa Denko K.K.
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MS Polymers Market Overview
MS polymer also called modified silicone refers to a type of adhesive and sealant technology that uses a silyl-functionalized polymer as the main ingredient. These polymers have a unique molecular structure that allows them to crosslink with moisture in the air, creating a strong and durable bond with a variety of substrates.