MS Polymers Market by Type (SMP and SPUR), Application (Adhesives & Sealants and Coatings), End-Use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly, Electronics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026677 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 74 billion mark in 2022 and is expected to hit US$ 99 billion by 2030, recording a CAGR of 3.5% during the forecast period.

Increasing usage of MS polymers in producing sealants and adhesives to drive market growth

Increasing usage of MS polyurethane and MS polyether polymers as binders in sealants and adhesives for concrete reinforcement applications is expected to drive market growth. Technological advancement in adhesive bonding technologies is expected to increase the MS polymers' demand for producing hybrid adhesives globally. In addition, growing MS polymers' usage as gas fillers in the fabrication & repairing of trucks, buses, and other vehicles is anticipated to favor market growth.  

Within the report, the global MS polymer market is segmented into type, application, end-use industry, and geography. The global market is further segmented by type into SMP and SPUR. Based on application, the global MS polymer market is segregated into adhesives & sealants and coatings. Based on the end-use industry, the global MS polymer market is segregated into building & construction, automotive & transportation, industrial assembly, and electronics. Geographically, the global market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Manufacturers focus on increasing MS polymer production capacity to augment the market growth

Increasing key manufacturers' focus on enhancing the production capacity of silyl-terminated polymers is expected to support the materials' demand and offer newer market growth opportunities. For instance, in August 2022, Kaneka Corporation invested US$ 34.86 million to enhance the annual manufacturing capacity of its Silyl-terminated polyether (SMP) materials to 43,000 tonnes in Europe. In addition, increasing manufacturers' focus on developing less hazardous, green sealants and adhesives for building & construction applications is anticipated to create newer market avenues.   

Increasing usage in various manufacturing industries offers futuristic market growth opportunities

MS polymers are used in various industries such as building & construction, automotive & transportation, industrial assembly, and electronics. Rising MS polymer adhesives and sealants usage in increasing transport vehicles' safety, reliability, and efficiency is expected to drive the automotive & transportation segmental growth. MS polymers efficiently absorb thermal contraction and expansion stress in complex electronic circuits. This aspect could favor global market growth. Increasing material usage in other industries such as building & construction and industrial assembling also supports its demand.

Recent strategic developments in the MS polymers market

The MS polymers market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2020, Evonik Industries AG, a German specialty chemicals company, expanded the manufacturing capacity of various products such as addition-curing silicones and silyl-terminated polymers (SMP) used as binders in parquet adhesives for electronic, medical, and housing applications.
  • In November 2020, Wacker Chemie AG, a German chemicals company, started constructing its newer production line of silane-terminated polymers in Nünchritz, Germany.

The MS polymers market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Kaneka Corporation, Wacker Chemie AG, AGC Chemicals Americas, Inc., Momentive Inc., and Evonik Industries AG are the prominent players operating in the market.

The target audience for the report:

  • Polymers and additives manufacturers
  • Polymers and additives suppliers
  • Polymers and additives distributors and exporters
  • Chemicals & materials industry-related associations, organizations, forums, and alliances
  • Government bodies, such as policymakers and regulating authorities
  • Venture capitalists, private equity firms, and start-up companies
  • End users of MS polymers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the global market has been segmented based on:

  • Type:
    • SMP
    • SPUR
  • Application:
    • Adhesives & Sealants
    • Coatings
  • End-Use Industry:
    • Building & Construction
    • Automotive & Transportation
    • Industrial Assembly
    • Electronics
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Kaneka Corporation
  • Wacker Chemie AG
  • AGC Chemicals Americas, Inc.
  • Momentive Inc.
  • Evonik Industries AG

The List of Companies
- Kaneka Corporation
- Wacker Chemie AG
- AGC Chemicals Americas, Inc.
- Momentive Inc.
- Evonik Industries AG

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