Industry News

Global Adhesion Promoters Market to Reach USD 3.64 Billion by 2021: MarketsandMarkets

Published on 2016-04-15. Author : SpecialChem

The report "Adhesion Promoter Market by Type (Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate, Others), Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals, Others), Region - Global Forecast to 2021", The global adhesion promoters market was valued at USD 2.51 Billion in 2015, and is projected to reach USD 3.64 Billion by 2021, at a CAGR of 6.4% between 2016 and 2021.

Fig. 1: MarketsandMarkets

Growth in the adhesion promoter market is mainly attributed to the increasing demand of automobiles in the Asia-Pacific region, use of adhesion promoters in composites, application of adhesion promoters in printed circuit boards, and the innovation of silane-based green tires.

Plastics & composites is the largest application segment in the adhesion promoter market

Among all applications, the plastics & composites segment held the largest share in the adhesion promoters market. This application segment is projected to grow at the highest CAGR between 2016 and 2021. This growth is mainly attributed to the increasing demand of adhesion promoters in the automotive, packaging, and wire & cable end-use industries.

Silane is the largest type segment in the adhesion promoter market

The silane type segment held the largest share in the adhesion promoters market. This large share is primarily due to growth in the paints & coatings and rubber applications.

Asia-Pacific is the largest regional segment in the adhesion promoter market

In terms of volume, the adhesion promoter market in the Asia-Pacific region accounted for the largest share of the global adhesion promoters market in 2015. The Asia-Pacific adhesion promoters market is expected to grow at the highest CAGR during the forecast period, owing to growth in the automotive and construction industries from emerging countries, such as India and China. Key players in the adhesion promoters market such as Momentive Performance Materials Inc. (U.S.) and BASF SE (Germany), are currently expanding their reach in the Asia-Pacific region. This market is mainly driven by factors such as growing population, increasing disposable income, and growing automotive industry.

An in-depth market share analysis, in terms of revenue, of top companies is also included in this report. Some of the leading players in this market include Momentive Performance Materials Inc. (U.S.), Eastman Chemical Company (U.S.), Dow Corning Corporation (U.S.), BASF SE (Germany), Arkema SA (France), Evonik Industries AG (Germany), ALTANA AG (Germany), Air Products and Chemicals, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), and AkzoNobel NV (Netherlands), among others.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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