The global MS polymers market is anticipated to grow at a CAGR of 6.8% during the forecast period. MS (Modified Silicon) polymers are developed from high molecular weight polypropylene oxide. These polymers have good adhesion properties towards a wide range of substances. Additionally, these polymers are good resistive towards high temperatures and ultraviolet rays. Due to these properties of MS polymers, they are widely used in various industrial assembly applications by eliminating the need for mechanical fasteners. Thus, the rising demand for hybrid adhesive and sealants in the automotive and construction industry is the major driving factor for the MS polymers market. Additionally, the increasing research for the development of environmentally friendly polymers is expected to drive the market of MS polymers. However, the MS polymers have a limited presence in the market due to which various end-user industries are not aware of its products.

Segmental Outlook 

The global MS polymers market is segmented based on type, application, and industry. Based on the type, the market is segmented into SMP and SPUM. Based on application, the market is sub-segmented into adhesives & sealants, and coating. Based on industry, the market is sub-segmented into building & construction, automotive & transportation, industrial assembly, electronics, and others. 

The adhesive is widely used for automotive and industrial assemblies. As per certain estimates around 15 kilograms of adhesives are used for the assembly, bonding, and lamination of the interior parts of a vehicle. The rising trend of lightweight vehicles is expected to generate new opportunities for the adhesive segment in the future as adhesives eliminate the requirement of mechanical fasteners by providing enhanced strength and durability. 

The sealant segment is expected to grow fastest during the forecast period as it is widely used in the construction industry in furniture, doors, windows, facades, and cracks of the wall. The rising concern towards the environment will generate opportunities for eco-friendly, hybrid MS polymers during the forecast period. The sealants covered in the report are colored and transparent. The transparent sealants had gained traction in recent days which is expected to grow considerably during the forecast period.

Regional Outlooks

The global MS polymers market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East and Africa, and Latin America).  

Global MS Polymers  Market Growth, by Region 2021-2027

Asia Pacific to Contribute a Prominent Share in the Global MS Polymers Market

Asia-Pacific is estimated to hold a prominent share in the MS polymers market. The demand for MS polymers in the region is mainly driven by the construction and manufacturing sector. The rising foreign investment is the major driving factor for the market. According to the OICA, the Asia-Pacific region is the major producer of automotive vehicles and had manufactured 44,289,900 vehicles in 2020. Thus, the rising automotive manufacturing and sales in the region are expected to drive the market growth of MS polymers during the forecast period. 

Europe is the another major region contributing significantly to the MS polymers market. The consumers of Europe are increasingly investing in residential as well as non-residential infrastructure development that is driving the MS polymers market in the region. Additionally, European consumers are looking for environmental-friendly adhesives & sealants for their construction purposes which are generating new opportunities for the market in the region.

Market Players Outlook

Some of the companies operating in the global MS polymers market include 3M Co H.B. Fuller, Tremco Illbruck GmbH & Co. Kg, Henkel AG & Co. KGaA, Sika AG, Wacker Chemie AG, Hermann Otto GmbH, Arkema Group, Soudal Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. 

For instance, Wacker AG had started manufacturing liquid resins in June 2021 at their manufacturing facility in Germany. This resin is used with silanes for the formulation of several specialty silicones including building-protection agents and concrete-protection creams containing hydrophobic molecules which act as a water-repellent. Thus, these polymers are used as exterior paints, corrosion-resistant protective coatings, and heat-resistant powder paints.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027. 

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global MS polymers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

    • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.