LONDON--(BUSINESS WIRE)--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:
- Maleic anhydride
- Chlorinated polyolefins
The top three revenue-generating product segments in the global adhesion promoters market are discussed below:
“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.
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 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:
- The Dow Chemical Company
- Eastman Chemical Company
- Evonik Industries
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