HMMM improves the bonding ability of sealants and adhesives to various substrates like glass, ceramics and metals. The global HMMM Market is estimated to be valued at US$ 175.92 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The expanding application of HMMM based sealants and adhesives across industries like construction, automotive and electronics is driving the growth of HMMM market. HMMM enhances the adhesion of sealants to different substrates, shielding them from water, chemicals and temperature extremes. It allows formulation of durable and high performing sealants suitable for bonding in harsh environmental conditions. The demand for lightweight and durable bonding materials from automotive industry is also providing opportunities for HMMM market players to develop customized products and consolidate their position.
Segment Analysis
The Global Hexamethyl Methoxy Melamine Market Size is dominated by the powder segment. This is because powder form of HMMM is more preferred in applications such as rubber, resin, organic synthesis etc. due to its easy dispersibility and solubility properties. Powder HMMM provides superior properties to the final products.
Key Takeaways
The global hexamethyl methoxy melamine (HMMM) market is expected to witness high growth over the forecast period of 2024 to 2031.
North America is currently the largest regional market for HMMM due to high demand from construction and automotive industries in the region. Key players operating in the hexamethyl methoxy melamine (HMMM) market are SQM S.A., Albemarle Corporation, Leverton-Clarke Speciality Chemicals., HELM AG, and Ganfeng Lithium Co., Ltd.
Key players operating in the hexamethyl methoxy melamine (HMMM) market are SQM S.A., Albemarle Corporation, Leverton-Clarke Speciality Chemicals., HELM AG, and Ganfeng Lithium Co., Ltd. SQM S.A. is currently the global market leader with over 25% share in global HMMM sales volume. Albemarle Corporation is another leading producer of HMMM globally.
Get More Insights On This Topic: https://www.newsstatix.com/hexamethyl-methoxy-melamine-hmmm-market-size-share-analysis-2023-2030/
Comments
0 comment