(MENAFN- Comserve)
Shibuya-ku, Tokyo, Japan, Japan, Sep 06, 2022, 03:18 /Comserve / -- The crosslinking agent market is projected to reach USD 13.61 billion by 2031, at a CAGR of 5.3% from 2022 to 2031.
“The Crosslinking Agent Market is projected to grow at a CAGR of 5.3% during the forecast period, in terms of value”
The crosslinking agent market is projected to reach USD 13.61 billion by 2031, at a CAGR of 5.3% from 2022 to 2031.
The growth of this market is mainly attributed to the rising awareness regarding the benefits of crosslinking agents in varied paints & coatings applications, such as automotive, wood, marine, can/coil, powder, and wall coatings, among others. Owing to the increasing applicability of crosslinking agents, their demand is growing significantly across Asia Pacific, Europe, and North America. However, the high price of crosslinking agents for decorative coatings is restraining the growth of the crosslinking agent market. Emerging countries such as India, China, and Brazil are considered price sensitive markets, and thus, they prefer using cheaper alternatives to crosslinking agent.
Request A Free Sample to Learn More About This Report@
“The amino crosslinking agent segment is projected to witness the highest growth during the forecast period, in terms of volume”
The amino crosslinking agents are extensively used in industrial and decorative coatings. In industrial coatings, they are widely used in applications such as automotive, metal, plastic, and anti-corrosive coatings. They also cater applications such as industrial wood, decorative, and powder coatings.
“The crosslinking agent market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period”
Asia Pacific is the largest market for crosslinking agent, in terms of both volume and value, followed by Europe and North America. Increasing automotive production, which is further boosting the demand for crosslinking agents in automotive coating, is driving the crosslinking agent market in the Asia Pacific region. Moreover, the government policies and continued government support towards infrastructural activities is leading to an increase in the demand for crosslinking agents such as isocyanate, amines, and amide which find their application in coatings used in construction.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
• By Company Type: Tier 1 (43%), Tier 2 (43%), and Tier 3 (14%)
• By Designation: C Level (42%), D Level (29%), and Others (29%)
• By Region: North America (43%), Europe (29%), Asia Pacific (14%), Middle East & Africa (8%), and South America (6%)
Key players profiled in the report include BASF SE (Germany), Covestro AG (Germany), Evonik Industries (Germany), Huntsman Corporation (US), Wanhua Chemical Group Co., Ltd. (China), DSM Coating Resin (India), Allnex Group (Germany), DuPont (US), Sealed Air Corporation (Netherlands), Elantas GmbH (Germany), INEOS (UK), The Dow Chemical Company (US), Aditya Birla Chemical (India), Hexion Inc. (US), Shanghai Sisheng Polymer Materials Co., Ltd. (SiwoChem) (China), Stahl Holdings BV (Netherlands), Nagase America Corporation (US), LORD Corporation (US), Momentive Performance Material Inc. (US), Super Urecoat Industries (India), Incorez Limited (Sika AG), Shanghai Zealchem Co., Ltd (China), Baxenden Chemicals Ltd (UK), ANGUS Chemical Company (US), and MEL Chemicals (UK).
Download PDF Sample Report For More Information@
Research Coverage
This report covers the crosslinking agent market, in terms of volume and value, and forecasts the market size till 2031. The report includes market segmentation based on chemistry, paints & coatings application, and region. It also provides company profiles and competitive strategies adopted by key players in the crosslinking agent market.
Key Benefits of Buying the Report:
This research report is focused on various levels of analysis—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the crosslinking agent market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN06092022004694010674ID1104816525
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.