ID: MRFR/CnM/4465-HCR | February 2021 | Region: Global | 100 pages
In 2020 the Adhesion Promoters Market size was valued at USD 3.40 Billion and was predicted to reachUSD 3.87 Billion by 2030, growing at a CAGR of 6.40% from 2021-2030.
The materials that increase the adhesive strength between coating and the substrate is known as an adhesion promoter. They are mainly used as an additive to manufacture paint and coating, inks, polymers and rubbers. They work to enhance the quality of the flat panel displays and semiconductors and manufacture very high-performance rubbers.
Technological advancements and innovations in advanced composites and multilayer packaging have increased the demand for adhesion promoters in the plastics & composites industry. The adhesion promoters are used in electrical applications to increase the reliability of semiconductors, boost the adhesion of inorganic materials and & flat panel displays. They also find applications in operation assistance systems, sensors, windows, and windscreens in the automotive industry. These are used to produce night-vision filters, which are useful to improve vision at night. The construction, automotive, and plastic industries are expected to create a profitable opportunity for the adhesion promoters market over the estimated period.
It works in three ways: as a primer between the layer and coatings, as a primer between coatings layers, or as an additive in the formulation of paint & coatings, polymers, inks, and rubbers etc. These are helpful for low surface energy products and in extremely high and low-temperature environments. There are various types of adhesion promoters commonly available in the market: maleic anhydride, chlorinated polyolefins, silanes, and titanate & zirconate.
Due to the outbreak of the Nobel virus covid-19, the market has been badly affected. It has affected the automobile industry due to breakage in the supply chain. China is one of the largest manufacturers of automobiles and electronic goods. The supply of raw materials from China is banned due to the international ban because of the global pandemic. This procedure made companies invest more in delivering the raw materials and other equipment in various regions. The lockdowns have reduced the consumption of fuels and the demand for automobiles. These are some factors that are expected to reduce the demand for the adhesion promoters over the estimated period.
Chief Factors Existing In The Market
Cumulative Evaluation Of The Market
In 2020 the Adhesion Promoters Market size was valued at USD 3.40 Billion and is predicted to reach USD 5.64 Billion by 2028, growing at a CAGR of 6.4% from 2021 to 2028.The Adhesion Promoters Market is undergoing important growth owing to the rising adaption of the promoters in automotive industries in electronic devices such as printed circuit boards and others. The rising demand for its utilization in composites tends to drive positive impact or factors on the growth of the adhesion promoters market value.
The global adhesion promoter market has been divided into form, type, application, end-use industry, and region.
Under the form, the global adhesion promoter market has been divided into liquid form and spray form.
Under the type, the global adhesion promoter market has been divided into silanes, maleic anhydride, chlorinated polyolefins, titanate & zirconate, and others.
Under the application, the global adhesion promoter market has been divided into plastics & composites, paints & coatings, ink, rubber, metals, glass, and others.
Under the end-use industry, the global adhesion promoter market has been divided into building & construction, automotive & transportation, packaging, electronics, and others.
According to adhesion promoter market analysis Asia-Pacific dominates the global adhesion promoter market and is expected to continue leading over the estimated period. The rising demand for plastics & composites, paints & coating, and rubber in the construction industry is mostly propelling the product market in the region. The automotive industry is also expected to operate demand for adhesion promoters due to growing applications in paints & coatings and tire labeling. The growing packaging industry is also expected to fuel the growth of the adhesion promoter market in the coming years.
Europe is another primary market for adhesion promoters and is predicted to show important growth during the estimated period. The North American market is partially mature and is expected to show steady demand for adhesion promoters during the estimated period.
The Middle East is expected to show rising demand for plastics & composites, paints & coatings, and rubber due to growing infrastructural projects during the estimated period, so it is likely to boost the product market in the coming years. African countries are expected to have slow growth due to low construction and other development activities. In 2018 the market in Latin America held the least market share of the global adhesion promoters market.
Competitive Intensity Within The Industry
The global market for adhesion promoters is highly strong. The key major players in the silane-based adhesion promoters market are Momentive, Evonik, Dow, and Shin Etsu. However, in the organometallic compounds, chlorinated polyolefins, and other polymers-based adhesion promoters, the dominance of these chemical companies fades, and new group of global players such as Eastman Chemical Company, Nagase & Co., Nippon Paper Group, and BASF SE.
This report consists of all the data of the market such as market overview, covid-19 analysis and how it affects the market, the key drivers, the market opportunities, the key drivers, the challenges that the market face, the market restraints, the market segmentation, the regional analysis, market outlook, adhesion promoter market trends, the competitive landscape, report overview and recent development of the market.
Key Industrial Segments
|Market Size||USD 3.87 billion|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||form, type, application, end-use industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Bodo Möller Chemie GmbH (Germany), Eastman Chemical Company (US), Arkema SA (France), Air Products and Chemicals, Inc. (US), DowDuPont (US), AkzoNobel NV (Netherlands), Evonik Industries AG (Germany), Momentive Performance Materials Inc. (US), Dow Corning Corporation (US), 3M (US), ALTANA (Germany), and Rust-Oleum (US)|
|Key Market Opportunities||high demand for adhesion promoter in a printing application|
|Key Market Drivers||Rising demand for polymer & composites in the construction industry|
Frequently Asked Questions (FAQ) :
The Global Adhesion Promoter Market predicted to reach USD 3.87 Billion by 2030, growing at a CAGR of 6.40% from 2021-2030 to 2028.
The APAC region will command the largest share in the Adhesion Promoter Market.
Plastic and composites segment will dominate the Adhesion Promoter Market.
The construction industry will have a major share in the Adhesion Promoter Market.
Environmental concerns may limit market growth.