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There was a growing emphasis on sustainability and environmentally friendly products. Manufacturers were increasingly focusing on developing low-VOC (volatile organic compound) MS Polymer formulations to meet strict environmental regulations and cater to consumer preferences for eco-friendly products.
The market saw increased interest in hybrid formulations that combine MS Polymers with other technologies, such as polyurethane or silicone. These hybrid polymers were designed to offer specific performance advantages, such as improved adhesion, flexibility, or curing properties. MS Polymers were becoming preferred choices in the adhesives and sealants industry due to their versatility and excellent bonding and sealing properties. These materials were used in various applications, including construction, automotive, and industrial bonding.
The MS Polymer industry size was USD 5.5 billion in 2022 and is anticipated to register over 6.2% CAGR between 2023 and 2032.
BASF SE, Henkel AG & Co. KGaA, Bostik (Arkema Group), Wacker Chemie AG, Tremco, 3M Company, and H.B. Fuller Company.
The U.S. MS polymers industry generated a revenue of over USD 1.6 billion in 2022 and is expected to grow through 2032 as the product is widely used in automotive manufacturing to reduce weight and improve fuel efficiency.
Construction Sealants segment share was over 35% in 2022 and is projected to grow through 2032 as MS polymers are highly used in joint sealants and waterproofing applications in construction.