The MS Polymers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 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%. 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 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%. 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.
Increasing adoption of green building standards is expected to propel the growth of the MS polymers market going forward. The green building standard is a model code that specifies minimum conditions for improving the environmental and health performance of buildings, sites, and other structures. MS polymers are commonly used in various construction applications, including roofing, flooring, window and door installation, and facade sealing, due to their low VOC emissions, lack of isocyanides, and recyclability. For instance, in October 2022, according to an article published by the US Green Building Council (USGBC), a US-based non-profit organization that promotes sustainability in building design, construction, and operation, over 36,835 projects covering 4.63 billion gross square feet earned LEED (Leadership in Energy and Environmental Design) certification between 2017 and 2021. Further, in the first three quarters of 2022, over 5,000 additional projects were certified where the highest concentration of LEED projects certified is in the United States and Canada (74%), followed by East Asia (9%) and Europe (6%). Therefore, increasing adoption of green building standards is driving the MS polymer market.
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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
The companies are rapidly intensifying their efforts to focus on new product launches to cater to the rising demands for MS drugs. Multiple sclerosis requires lifelong treatment, which increases the overall cost of treating a patient. To provide better and more effective treatment companies in the multiple sclerosis market are developing drugs specific to the treatment of multiple sclerosis. Following the trend, FDA approved Novartis’ Mayzent (siponimod) and EMD Serono’s Mavenclad (cladribine) for the treatment of relapsing-remitting multiple sclerosis (RRMS), and active secondary progressive multiple sclerosis (SPMS). Both the drugs were launched as easy-to-consume oral drugs.
The ms polymers market report table of contents includes:
1. Executive Summary
2. MS Polymers Market Characteristics
3. MS Polymers Market Trends And Strategies
4. MS Polymers Market - Macro Economic Scenario
5. Global MS Polymers Market Size and Growth
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31. Global MS Polymers Market Competitive Benchmarking
32. Global MS Polymers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The MS Polymers Market
34. MS Polymers Market Future Outlook and Potential Analysis
35. Appendix
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