San Francisco, 4 January 2019: The Report Adhesion Promoter Market Analysis By Product (Silane, Maleic
Anhydride, Chlorinated Polyolefins, Titanate & Zirconate), By Application
(Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals)
And Segment Forecasts To 2024
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.
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.
Access Research Report of Adhesion Promoter Market@ www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East and Africa
Access Press Release of
Adhesion Promoter Market@ www.grandviewresearch.com/press-release/global-adhesion-promoter-market
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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