Global Adhesion Promoters Market Projected to be Worth USD 3,597.9 Million by 2021: Technavio

Technavio has published a new report on the global adhesion promoters market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global adhesion promoters market is projected to grow to USD 3,597.9 million by 2021, at a CAGR of more than 6% over the forecast period.

This research report titled ‘Global Adhesion Promoters Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

 
Adhesion promoters are used to enhance the adhesion property of paints, coatings, adhesives and others. The rising demand for plastic and composites from emerging economies is one of the key driving factors of the global adhesion promoters market.
 

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Based on the product type, the report categorizes the global adhesion promoters market into the following segments:

  • Silane
  • Maleic anhydride
  • Chlorinated polyolefins
  • Others

The top three revenue-generating product segments in the global adhesion promoters market are discussed below:

Silane

Silane is the most popular product of the adhesion promoters market, occupying 48% of the global shares. The high demand for silane from paint, coating, and rubber applications is driving the dominance of the market segment,” says Ajay Adikari, a lead analyst at Technavio for specialty chemicals research.

Silanes are extensively used to improve the adhesion property of a wide range of sealants, metals, stone, and glass. Also, since silane is ultra hydrophobic in nature, it is widely used in silica, urethane, acrylic, and epoxy systems. Silanes can be either mixed with adhesive formulations or can be used as a primer on the substrate.

Maleic anhydride

The maleic anhydride segment of the adhesion promoters market is projected to be worth USD 883.3 million by 2021. Maleic anhydride is produced by oxidizing benzene and n-butane, which are derived from crude oil. Maleic anhydride-based adhesion promoters are mainly utilized in industries such as automotive, construction and manufacturing, and marine. APAC is the largest market for the product and is expected to grow swiftly over the forecast period. The growing industrialization in the developing countries of the region is expected to fuel the growth.

Chlorinated polyolefins

Chlorinated polyolefins are expected to grow swiftly over the forecast period, at a CAGR of over 7%. Their ability to provide good interaction with a large variety of coatings that are applied over both thermoplastic olefin and polypropylene substrates is expected to drive the growth of the segment,” says Ajay.

Also, continuous technological development in non-chlorinated polyolefins (N-CPOs) has resulted in superior resistance and good adhesion properties of the product. Blends of CPOs and N-CPOs have excellent bonding performance and are widely used in the automotive industry.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • BASF
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Evonik Industries
  • 3M

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global adhesion promoters market is projected to grow to USD 3,597.9 million by 2021, at a CAGR of more than 6%.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com