Global Adhesion Promoter Market size was valued at US$ 3.15 Bn in 2019 and the total revenue is expected to grow at 6.3 % through 2020 to 2026, reaching nearly US$ 5.25 Bn.
The global Adhesion Promoter market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Adhesion Promoter report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Adhesion Promoter Market Overview:
Adhesion promoters are the chemicals that act at the interface between an organic polymer and an inorganic surface to enhance adhesion between the two materials. Rising demand for better adhesion in the composites & plastics sector is projected to boost the market demand over the forecast period.
Global Adhesion Promoter Market Dynamics:
Rising demand from the construction industry for polymers and composites drives the global adhesion promoter market growth. High demand from the automotive industry to improve adhesion strength of paints & coatings on automotive parts & components and inks on tire labeling is expected to grow the adhesion promoter market during the forecast period. Furthermore, the packaging industry is expected to show high demand for adhesion promoters in a printing application, where the surface is coated with adhesion promoters for adequate adhesion of inks. Market players are adopting various strategies including product launch, acquisition, and expansion to capture a larger share of the global adhesion promoters market.
Opportunity for the market growth in the development of new manufacturing processes and the application of adhesion promoters is estimated to promote the market.
Environmental concerns related to some adhesion promoters and stringent regulations & statutory norms by governments hamper the market growth during the forecast period.
Global Adhesion Promoter Market Segment Analysis:
By Type, the adhesion promoter market is bifurcated into silane, maleic anhydride, chlorinated polyolefins, titanate & zirconate, others. The silane segment held the largest share of the adhesion promoter market in 2019 in terms of revenue thanks to high demand for paints & coatings and rubber applications. High demand of these segment in many applications including moisture, temperature and chemical resistance, coupling agent, to adhere fibers to certain polymers is expected to propel the market growth.
Global Adhesion Promoter Market
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By Application, the market is bifurcated into plastics & composites, paints & coatings, rubber, adhesives, metals, others. The plastics & composites application segment with a valuation of USD 856.5 million in 2019 emerged as the largest segment. These materials are mainly used to manufacture precision-engineered products, thanks to advantageous product properties that include chemical resistance, lightweight, and flexibility. Plastic components needed to be painted, coated, and joined with adhesive to prevent bond failure at the interface.
Global Adhesion Promoter Market
Global Adhesion Promoter Market Regional Insights:
Asia Pacific is dominating the Adhesion Promoter Market
The Asia Pacific dominates the global adhesion promoter market and is expected to grow at the CAGR of XX % during the forecast period. Growing demand for plastics & composites, paints & coating, and rubber in the construction industry is mostly driving the market in the region. The automotive industry is also expected to drive demand for adhesion promoters thanks to growing applications in paints & coatings and tire labeling. Furthermore, the growing packaging industry is also expected to boost the growth of the adhesion promoter market during the forecast period.
North America is expected to be the second-largest Adhesion Promoter Market
Europe is the second-largest market for adhesion promoters and is expected to show significant growth during the forecast period. The strong automotive and microelectronics industries of Germany is mainly contributing to the product market growth. The building and renovation industry is also supporting the growth of the product market in the region.
Global Adhesion Promoter Market Regional Insights
The objective of the report is to present a comprehensive analysis of the Global Adhesion Promoter market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Adhesion Promoter market dynamics, structure by analyzing the market segments and project the Global Adhesion Promoter market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Adhesion Promoter market make the report investor’s guide.
Recent Development
10 March 2017, Evonik Industries AG launched a new VESTAMELT co-polyamide adhesion promoter compatible with forming hybrid components of metal and plastics.
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Global Adhesion Promoter Market Scope: Inquire before buying
Global Adhesion Promoter Market
Global Adhesion Promoter Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Adhesion Promoter Market Key Players
• Momentive Performance Materials Inc.
• Eastman Chemical Company
• Dow Corning Corporation
• BASF SE
• 3M
• Arkema SA
• Evonik Industries AG
• ALTANA AG
• Air Products and Chemicals, Inc.
• E. I. du Pont de Nemours and Company
• Dow and DuPont
• Rust-Oleum
• Bodo Möller Chemie GmbH
• Sartomer Inc.
• AkzoNobel NV
• Others
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