Crosslinking Agent Market by Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Paints & Coating Application (Decorative, Industrial), and Region (North America, Asia Pacific, Europe, South America) - Global Forecast to 2022
“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 2022, at a CAGR of 5.3% from 2017 to 2022. 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.
“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).
This report covers the crosslinking agent market, in terms of volume and value, and forecasts the market size till 2022. 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.
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