Global adhesion promoter Market Overview (2022-2027)
- Historical Market Size (2021): US$ 3.67 Billion
- Forecast CAGR (2022-2027): 5.12%
- Forecast Market Size (2027): US$ 5.01 Billion
What are the growth prospects of the adhesion promoter Industry?
The global adhesion promoter market size reached US$ 3.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.01 Billion by 2027, exhibiting a growth rate (CAGR) of 5.12% during 2022-2027.
What is a adhesion promoter ?
Adhesion promoters, or coupling agents, enhance adhesion between organic polymers and inorganic layers by interacting with the intersection of the two. They act chemically and physically between organic-inorganic interfaces to bond these dissimilar materials together. Adhesion promoters increase the adhesive strength between a coating and a substrate. By using these agents, physical and chemical forces are altered at the interface, and a compatibility bridge is built between them to enlarge adhesion.
Adhesion promoters can prevent the bonds from being weakened by numerous environmental factors, including heat and moisture. To improve the adhesion of inorganic substrates, such as coatings, inks, adhesives, etc., to the substrate of interest, they are used to increase the reliability of semiconductors and manufacture high-performance polymers and rubbers.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Adhesion Promoter market ?
The growing demand for stronger polymers, composites and paints, and coatings in construction activities is primarily augmenting the adhesion promoter market. Furthermore, the expanding commercial real estate sector is positively influencing the global market.
Apart from this, the increasing utilization of plastics in the automotive industry to foster fuel savings by downsizing the overall car weight is acting as another significant growth-inducing factor.
Moreover, continuous innovations in advanced composites and multilayer packaging are also bolstering the market growth. Besides this, the rising need for semiconductors is further propelling the global market. Additionally, the inflating industrialization levels, easy availability of these agents across online and offline organized retail channels, and extensive investments in R&D activities conducted by key market players are expected to fuel the adhesion promoter market in the coming years.
|Adhesion Promoter Market Report Scope|
|Market size value in 2021||US$ 3.67 Billion|
|Market forecast in 2027||US$ 5.01 Billion|
|Growth Rate||CAGR of 5.12% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends|
|Segments covered||Type, Form, Application And End Use Industry|
|Regional scope||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Key companies profiled||3M Company, Akzo Nobel N.V., Arkema S.A., Borica Co. Ltd., Eastman Chemical Company, Ems-Chemie Holding AG, Evonik Industries AG, Momentive Performance Materials Inc., Nagase America LLC (Nagase & Co. Ltd.), Nippon Paper Industries Co. Ltd., The Dow Chemical Company and Toyobo Co. Ltd.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
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The report has segmented the market into the following categories:
Breakup by Type:
- Maleic Anhydride
- Titanate and Zirconate
- Chlorinated Polyolefins
- Non-Chlorinated Polyolefins
Breakup by Form:
- Liquid Form
- Spray Form
Breakup by Application:
- Plastics and Composites
- Paints and Coatings
- Metal Substrate
Breakup by End Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Consumer Goods
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The major players in the market are
Akzo Nobel N.V.
Borica Co. Ltd.
Eastman Chemical Company
Ems-Chemie Holding AG
Evonik Industries AG
Momentive Performance Materials Inc
Nagase America LLC (Nagase & Co. Ltd.)
Nippon Paper Industries Co. Ltd.
The Dow Chemical Company
and Toyobo Co. Ltd.
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