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Crosslinking Agent Market by Chemistry, Paints & Coating Application, and Region - Global Forecast to 2022

Crosslinking Agent Market: Global Forecast until 2022

  • July 2017
  • 150 pages
  • ID: 5011652
In this report:
The growing demand for decorative coatings application is expected to increase from ##.## kilotons in 2017 to ##.## kilotons in 2022 at a CAGR of ##.##%, in terms of volume.
The amino crosslinking agent segment is expected to register the highest CAGR of ##.##% in the South America industrial coatings crosslinking agent market to reach a market size of ##.## KT by 2022.

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"The crosslinking agent market is estimated to rise at a compound annual growth rate of 5.30 percent during the forecast period, in terms of value importance"

The crosslinking agent market is estimated to grow ~$13.6B by 2022, at a compound annual growth rate of 5.30 percent between 2017 and 2022. The increase of this market is essentially attributed to the growing awareness concerning the benefits of crosslinking agents in varied paints & coatings applications, like automotive, wood, marine, can/coil, powder, and wall coatings, among others. Due to the growing applicability of crosslinking agents, their demand is increasing significantly across Asia Pacific, Europe (EU), and North America continent. Nevertheless, the high price of crosslinking agents for decorative coatings is restraining the rise of the crosslinking agent market. Emerging countries including India, China (CN), and Brazil (BR) are considered price sensitive sectors, and thus, they prefer using cheaper alternatives to crosslinking agent.

"The amino crosslinking agent segment is forecasted to witness the highest increase during the estimate period, in terms of capacity"

The amino crosslinking agents are extensively used in industrial and decorative coatings. In industrial coatings, they are widely used in applications like automotive, metal, plastic, and anti-corrosive coatings. They also cater applications including industrial wood, decorative, and powder coatings.

"The crosslinking agent market in the Asia Pacific area is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period"

Asia-Pac is the biggest market for crosslinking agent, in terms of both volume and value, succeeded by EU and North America (NA). Growing automotive production, which is further boosting the market demand for crosslinking agents in automotive coating, is driving the crosslinking agent market in the Asia Pacific area. Furthermore, the government policies and continued government support towards infrastructural activities is leading to an growth in the industry demand for crosslinking agents including isocyanate, amines, and amide which find their application in coatings used in construction.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were conducted as follows:

• By Company category: Tier 1 (43.0 percent), Tier 2 (43.0 percent), and Tier 3 (14.0 percent)

• By Description: C-suite (42.0 percent), D-suite (29.0 percent), and Others (29.0 percent)

• By Area: North America continent (43.0 percent), Europe (EU) (29.0 percent), Asia Pacific (APAC) (14.0 percent), Middle East (ME) & African continent (8.0 percent), and South America region (6.0 percent)

Key competitors decribed in the analysis contain BASF SE, Covestro (ETR:1COV), Evonik Industries AG (ETR:EVK), Huntsman (NYSE:UN), Wanhua Chemical Group Co., Limited, DSM Coating Resin, Allnex Group, E.I. du Pont de Nemours et compagnie (NYSE:DD, Sealed Air (NYSE:SEE), Elantas GmbH, INEOS, Dow Chemical (NYSE:DOW), Aditya Birla Chemical, Hexion Inc., Shanghai Sisheng Polymer Materials Co., Limited, Stahl Holdings BV, Nagase America Corporation, LORD Corporation, Momentive Performance Material Inc., Super Urecoat Sectors, Incorez Limited, Shanghai Zealchem Co., Limited, Baxenden Chemicals Ltd, ANGUS Chemical Company, and MEL Chemicals.

Segment Research

This industry report includes the crosslinking agent market, in terms of quantity and value, and forecasts the market value until 2022. The market research includes industry segmentation established on chemistry, paints & coatings application, and area. It also offers company analysis and competitive landscape approved by top players in the crosslinking agent market.

Main highlights

This market research is mostly focused on different levels of analysis-industry trends, market share study of main actors, supply chain research, and company descriptions, which together comprise and examine the global views on the competitive landscape; coming out and high-growth segments of the crosslinking agent market; high-growth areas; and sector drivers, market restraints, alternatives, and opportunities.

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