How has the ms polymers market evolved, and where is it heading next?
The ms polymers market size has grown strongly in recent years. It will grow from $1.62 billion in 2024 to $1.75 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to demand for sustainable adhesives, advancements in polymer chemistry, stringent environmental regulations, construction industry growth, flexible and durable bonding solutions.
The ms polymers market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to consumer preference for low odor products, growth in renewable energy projects, focus on circular economy practices, increasing adoption in healthcare, global efforts for climate change mitigation. Major trends in the forecast period include advancements in formulations, hybrid sealants and adhesives, customization for specific industries, digitalization in manufacturing processes, aftermarket repair and maintenance.
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What are the key drivers behind the rapid expansion of the ms polymers market?
Increasing in electric vehicle manufacturing is expected to propel the growth of the MS polymers market going forward. An electric vehicle (EV) is powered by electric motors, drawing energy from rechargeable batteries or fuel cells instead of a combustion engine. The increase in electric vehicle (EV) manufacturing is driven by several factors, including government regulations, consumer fuel cost savings, and growing environmental concerns. MS polymers are utilized for bonding and sealing different components, such as battery enclosures, body panels, and interior parts, which helps maintain structural integrity and safeguards against moisture and contaminants. For instance, in January 2024, according to a report published by Kelley Blue Book, a US-based Cox Automotive company, in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, which accounted for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, the increasing in electric vehicle manufacturing driving the MS polymer market.
What is the segmentation for the ms polymers market?
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
Subsegments:
1) By SMP (Silyl Modified Polyether): SMP Adhesives, SMP Sealants, SMP Coatings
2) By SPUR (Silyl Terminated Polyurethanes): SPUR Adhesives, SPUR Sealants, SPUR Coatings
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Who are the most influential companies in the ms polymers market?
Major companies operating in the ms polymers market include 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.
How will industry trends affect the trajectory of the ms polymers market?
Biodegradable polymer technology is a key trend gaining popularity in the MS polymer market. Major companies operating in the MS polymer market are developing innovative and sustainable technologies to strengthen their position in the market. For instance, in February 2023, Kaneka Corporation, a Japan-based chemical manufacturing company, launched Biodegradable Polymer Green Planet, a plant-derived biodegradable polymer developed using polymer synthesis technology with microorganisms using CO2 as a direct raw material. By creating microorganisms that make biodegradable polymers from CO2, the technology aims to realize recycling-oriented bio-manufacturing technology that is independent of fossil resources.
How do regional factors impact the ms polymers market, and which region is the largest contributor?
Asia-Pacific was the largest region in the MS polymer market in 2024. 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
What Does The MS Polymers Market Report 2025 Offer?
The ms polymers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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