The global adhesion promoter market is expected to reach USD 5.21 billion
by 2024, according to a new report by Grand View Research, Inc. Increasing
demand for silane and silicone products to enable efficient transportation with
greater fuel savings is likely to foster industry growth.
The increasing industrialization in emerging economies such as Brazil,
China, India and Mexico coupled with a growing automotive sector has prompted
high demand for sustainable paints and coatings. Silane promoters, in particular
contribute to extended material lifetime and boost resource usage especially in
automotive paints.
 |
U.S. adhesion promoter market
revenue by product, 2014 - 2024 (USD Million)
|
Rising consumer disposable income in these economies is also expected to
contribute to high passenger car sales which in turn is crucial to industry growth.
Growing environmental and regulatory pressure to reduce resource wastage and
carbon emissions from the transportation sector is also likely to promote
product demand.
High demand for silane products such chlorosilanes and other
alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to
foster silane growth. Silanes thus emerged as the largest product with around
34% market share in 2015. Maleic anhydride emerged as the fastest growing
product with highest CAGR of 7.3% from 2016 to 2024. These additives provide
durability and enhanced binding capabilities to composites, specifically
providing strength & stability in the automotive & construction
sector.
In depth research report on Adhesion Promoter Market:
Further key findings from the report suggest:
·
Global adhesion promoter market size was708.1 kilotons in
2015 and is expected to reach 1,181.5 kilo tons by 2024, growing at a CAGR of
6.0% from 2016 to 2024
·
Plastics & composites were the leading application
segment and accounted for 32.9% of total market volume in 2015.Development of
innovative polymer resin materials and high performance plastic composites is
likely to lead to their usage in automotive, aerospace and marine
transportation owing to their light weight and high strength.
·
Technological advancements are expected to spur product
demand in ‘green tires’ leading to growth in rubbers segment. China generated
the highest demand for promoters in rubber segment accounting for over 17% of
its consumption in 2015.
·
North America and Europe present relatively mature markets
with a combined share of around 39% in 2015. Highly developed countries such as
the U.S., Canada, Germany, the UK, France and Italy witnessed high product
penetration, presenting few opportunities to market participants over the
forecast period.
·
Adhesion promoters market is mainly dominated by
multinational players such as BASF, Arkema, The 3M Company, Eastman Chemical
Company, DuPont, Ashland, Momentive Performance Materials Inc., Dow Corning
Corporation, Altana AG, Evonik Industries among several other independent
players.
Grand View Research has segmented the adhesion promoter market on the
basis of product, application and region:
Global Adhesion Promoter
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Silane
·
Maleic anhydride
·
Chlorinated polyolefins
·
Titanate & zirconate
·
Others
Global Adhesion Promoter
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Plastics &composites
·
Paints &coatings
·
Rubber
·
Adhesives
·
Metals
·
Others
Global Adhesion Promoter
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
o
Italy
·
Asia Pacific
o
India
o
China
o
Japan
o
South Korea
·
Central & South America
o
Brazil
o
Argentina
·
Middle East and Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment