Global Adhesion Promoter Market, By Product (Silane, Maleic Anhydride, Chlorinated Polyolefns, Titanate and Zirconate and Others), Form (Liquid and Spray), Application (Plastics and Composites, Paints and Coating, Rubber, Adhesives, Metals, Glass and Others) – Industry Trends and Forecast to 2029.
Adhesion Promoter Market Analysis and Size
The market for adhesion promoters is expected to witness significant growth during the forecast period. Major factors driving the market include the increasing applications in the electrical and electronics industry and increasing usage in the packaging sector. The “silane ” is the highest growing product segment of the market because it is widely used in the paints and coatings, rubber, and tire applications over the forecast period, Also, increasing demand of adhesion promoters in the construction, automotive, and aviation industries will drive the market in the forecast period.
Data Bridge Market Research analyses that the adhesion promoter market is expected to undergo a CAGR of 6.45% during the forecast period. This indicates that the market value, which was USD 3.64 billion in 2021, would rocket up to USD 6.00 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Adhesion Promoter Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Silane, Maleic Anhydride, Chlorinated Polyolefns, Titanate and Zirconate and Others), Form (Liquid and Spray), Application (Plastics and Composites, Paints and Coating, Rubber, Adhesives, Metals, Glass and Others),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Eastman Chemical Company (U.S.), ALTANA (Germany), Air Products and Chemicals, Inc. (U.S), Momentive (U.S.), DuPont (U.S.), SOLVAY (Belgium), Dow (U.S), AkzoNobel NV (Netherlands), Evonik Industries (Germany), Arkema (France), Solvay (Belgium), NIPPON SHOKUBAI CO., LTD.(Japan), Clariant (Switzerland), Shin-Etsu Chemical Co., Ltd.(Japan), NAGASE and CO., LTD. (Japan)
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Market Opportunities
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Market Definition
Adhesion promoters are those chemicals which act at the interface between an inorganic substrate and an organic polymer to increase adhesion between the two materials. Inorganic and organic materials are very different in several ways, for instance, chemical reactivity, compatibility, coefficient of thermal expansion and surface properties. An adhesion promoter will act effectively at the inorganic-organic interface to physically and chemically.
Global Adhesion Promoter Market Dynamics
Drivers
- Growing demand of adhesion promoter in several application
Several paint adhesion promoters, such as chlorinated polyolefins, silanes, and others exist and each has its specific properties, which are catered into several applications, in plastics and composites, paints and coating, packaging, automotive, wire and cable and others. This is the major factor which is expected to drive the growth rate of the adhesion promoter market.
- High demand of adhesion promoter in automotive sector
Adhesion promoter demand in the automotive sector is rising to increase the adhesion strength of paint and coating applied on automotive components, parts and tire labelling. The rising demand of adhesion promoter in automotive sector is anticipated to drive the growth rate of the market.
- High usage of adhesion promoter in paint and coating formulation
The adhesion promoter is widely used in the formulation of paint and coatings. A perfect adhesion does not only depends on the choice of the adhesion promoter in paints and coatings formulations, it depends on several other parameters such as paint formulation, application conditions, as the substrate wetting is a side key factor, curing and ageing atmosphere etc. These parameters influence the adhesion.
Opportunities
- Increased stringent regulations
Strict government’s regulations towards dental care and health care will increase the demand of adhesion promoter which will create immense opportunities for the growth of the adhesion promoter market.
- Rising demand of adhesion promoter in plastic and composite market
Innovations in multilayer packaging and advanced composites have increased the demand for the adhesion promoters in the plastics and composites industry. The increasing demand of adhesion promoter in plastics and composites industry will generate lucrative opportunities for the market growth during the forecast period.
Furthermore, modernization and technological advancements in adhesion promoter industries will further create immense opportunities for the growth of the adhesion promoter market during the forecast period of 2022- 2029.
Restraints/Challenges
- Environmental effects
The demand of the adhesion promoter may be restrained due to the availability of harmful aromatic hydrocarbons, and the underdeveloped recycling industry which has adversely affected the environment and restraint the growth of the adhesion promoter market.
This adhesion promoter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the adhesion promoter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Adhesion Promoter Market
The outbreak of COVID-19 pandemic has adversely adverse affected the growth of the several industries including adhesion promoter worldwide. It has also posed unprecedented challenges on the sales, demand and production of adhesion promoter which considering the delayed activities across the electronics, automotive and many other sectors. This is on account of the advent of unfavourable situations, including the scarcity of labour and raw materials caused by the imposition of the social distancing and lockdown norms.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Adhesion Promoter Market Scope
The adhesion promoter market is segmented on the basis of product, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Silane
- Maleic Anhydride
- Chlorinated Polyolefns
- Titanate and Zirconate
- Others
Form
- Liquid
- Spray
Application
- Plastics and Composites
- Paints and Coating
- Rubber
- Adhesives
- Metals
- Glass
- Others
Adhesion Promoter Market Regional Analysis/Insights
The adhesion promoter market is analysed and market size insights and trends are provided by country, product, form and application as referenced above.
The countries covered in the adhesion promoter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the adhesion promoter market in terms of revenue and market share due to the rising demand for paints and coating, plastics and composites and rubber in the construction industry in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the growing end user industries such as automotive, packaging and construction, in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adhesion Promoter Market Share Analysis
The adhesion promoter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to adhesion promoter market.
Some of the major players operating in the adhesion promoter market are:
- Eastman Chemical Company (U.S.)
- ALTANA (Germany)
- Air Products and Chemicals, Inc. (U.S)
- Momentive (U.S.)
- DuPont (U.S.)
- SOLVAY (Belgium)
- Dow (U.S)
- AkzoNobel NV (Netherlands)
- Evonik Industries (Germany)
- Arkema (France)
- Solvay (Belgium)
- NIPPON SHOKUBAI CO., LTD.(Japan)
- Clariant (Switzerland)
- Shin-Etsu Chemical Co., Ltd.(Japan)
- NAGASE and CO., LTD. (Japan)
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