MS Polymers Global Market Report 2024

The ms polymers market size has grown strongly in recent years. It will grow from $1.5 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. Historical growth in MS polymer or modified silicone usage can be attributed to several factors, including the increasing demand for sustainable adhesive solutions, advancements in polymer chemistry, the implementation of stringent environmental regulations, growth within the construction industry, and the need for flexible and durable bonding solutions.

The ms polymers market size is expected to see strongly grown in the next few years. It will grow to $2.13 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. Anticipated growth in the forecast period for MS polymer or modified silicone aligns with several key factors. This includes the consumer preference for low odor products, the expansion of renewable energy projects, a heightened focus on circular economy practices, the increasing adoption of these materials in healthcare applications, and global initiatives aimed at mitigating climate change.

The burgeoning adoption of green building standards stands as a significant driver propelling the MS polymers market. MS polymers, lauded for their low VOC emissions and recyclability, find extensive use in construction applications. Notably, the US Green Building Council reported LEED certifications for over 36,835 projects covering 4.63 billion square feet from 2017 to 2021. With an additional 5,000 projects certified in the first three quarters of 2022, the prevalence of LEED projects, especially in the United States, Canada, East Asia, and Europe, underscores the pivotal role of green building standards in advancing the MS polymer market.

The thriving road transportation industry emerges as another key factor propelling the MS polymer market. MS polymers play a crucial role in various facets of this sector, including concrete joint sealing and panel bonding in vehicles. Statistics from the American Trucking Association underline the industry's robustness, with US gross freight revenues reaching $940.8 billion in 2022, constituting 80.7% of the nation's freight bill. With an estimated 11.46 billion tons of freight transported by trucks in 2021, coupled with extensive truck travel distances, the indispensability of MS polymers in this industry signifies their role in market growth. Innovations in biodegradable polymer technology are reshaping the MS polymer market landscape. In February 2023, Companies like Kaneka Corporation are pioneering plant-derived biodegradable polymers synthesized using CO2, aiming for recycling-oriented bio manufacturing technology independent of fossil resources. The shift toward sustainable manufacturing aligns with market demands for environmentally friendly solutions.

Companies are focusing on novel product development, exemplified by innovations like two-part MS polymer adhesives. In June 2023, SABA Adhesives & Sealants introduced Sabatack 950 Boost, a single-sausage adhesive eliminating separate mixing. This time-saving adhesive with precise mixing ratios boasts resistance to moisture, UV rays, and chemicals, ensuring durable bonding across diverse materials like wood, concrete, metal, and plastics.

In May 2021, Arkema, a European-based multinational manufacturer of specialty materials, acquired Agiplast for an undisclosed amount. Through this acquisition, Arkema intends to become a fully integrated producer of high-performance polymers by providing both bio-based and recycled products. This strategic move will enable the company to address challenges related to resource scarcity and end-of-life products, thereby enhancing its sustainability profile and contributing to a circular economy. Agiplast is a Europe-based polymer compounding and regeneration company.

Major companies operating in the ms polymers market report are 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.

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 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.

The main types of MS polymers are SMP (Silyl Modified polyether) and SPUR (Silyl Terminated Polyurethanes), which are used for several applications, including adhesives, sealants, and coatings. These are used in several end-use industries, including building, construction, automotive, transportation, industrial assembly, and electronics.

The MS polymers market research report is one of a series of new reports provides MS polymers market statistics, including MS polymers industry global market size, regional shares, competitors with a MS polymers market share, detailed MS polymers market segments, market trends and opportunities, and any further data you may need to thrive in the MS polymers industry. This MS polymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The MS polymer market consists of sales of elastomeric sealant or adhesive, elastomeric tile sealant or adhesive, wood or vinyl flooring adhesive, metal or roofing waterproofing, multipurpose sealant or adhesive, and liquid-applied air barrier or liquid flashing. Values in this market are ''factory gate'' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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