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Pulished Date April, 2021
ID: 7792
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Crosslinking Agent Market - By Application (Industrial Coatings And Decorative Coatings), By Chemistry (Polyaziridine, Polycarbodiimide, Polyisocyanate, And Others) & By Region (North America, Latin America, Europe, Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 7792
Pages: 145

Crosslinking Agent Market Size, Share & Forecast (2021 - 2026)

The size and share of the Crosslinking Agent Market size were around USD 13.83 billion in 2021 and is expected to grow at a CAGR of 7.3% to reach USD 16.02 billion by 2026.

Crosslinking can be described as a natural process of bonding links between compound chains. The compound chains will be brought up as artificial polymers or natural polymers. The bond can be ionic or molecular in nature. During a majority of the cases, the crosslink is usually a covalent structure. Once crosslinks are supplemented to polymers, they lose the power to move as individual compound chains. Crosslinking is utilized in biological sciences and artificial compound chemistry. In artificial polymers, the term ’crosslink’ sometimes refers to a distinction within the polymers’ physical and mechanical properties. The modification of properties depends on the crosslink density. Once the crosslink density is low, it decreases the viscosity of the compound, whereas a high-density crosslink causes the material to become terribly rigid.

Drivers and Restraints of the Global Cross-Linking Agent Market

The global Cross-Linking Agent market is expected to go through transformations during the forecast period of 2020 to 2025 as the demand for natural and synthetic products is increasing, and there is a shift of trend in production economics. Cross-linking agents provide benefits such as high performance, heat resistance, etc., have increased their usage in the painting and coatings industry. Many cross-linking agents are known to low VOC emissions and are environmentally friendly. In addition to this, the demand for water-based crosslinking agents is also growing and it acts as fuel to the growing market. The amino crosslinking agent is the fastest-growing segment in terms of value. They are extensively used in industries such as packaging, metal, powder, and industrial coatings.

The growth in this market is driven by the rising awareness concerning the advantages of crosslinking agents in varied paints & coatings applications, reminiscent of automotive, wood, marine, can or coil, powder, and wall coatings, among others. Because of the increasing relevancy of crosslinking agents, their demand is growing considerably across the globe. However, the high value of crosslinking agents for ornamental coatings is restraining the expansion of the market, predominantly in developing nations such as India, China, and Brazil.

The crosslinking agent market is facing stiff competition. These competitors are proving to be a very feasible substitute for the Cross-Linking Agent and thus hinder the growth of the former. Rising energy prices are another barrier thwarting growth. This is because of the low melting property affiliated with the cross-linking agents. The uniform blending with polyethylene beds leads to an uneven distribution of linking agents. This is a drawback associated with the cross-linking agents and thus brings down the growth opportunities.

Opportunities in the Cross-Linking Agent Market

Increased growth in industries such as automotive, OEM, wooden coatings, etc., which are having a high demand for crosslinking agents has presented the market a glowing opportunity to register high growth rates. The market is likely to develop with a moderate growth rate in the coming years.

Challenges in the Cross-Linking Agent Market

Some of the cross-linking polymers are non-recyclable, as a result, their usage gets very limited and many industries find it unsuitable for their needs. The government norms adhering to the usage of recyclable products makes it a challenge for the crosslinking agent market.

Segmentation of the Crosslinking Agent Market as per the latest survey done until 2026.

Crosslinking Agent Market – By Application

  • Industrial Coatings
  • Decorative Coatings

Crosslinking in coating improves chemical resistance, appearance, and mechanical sturdiness. Industrial Coatings with crosslinking agents enhance color and corrosion resistance. Industrial Coatings application includes coatings for concrete floors, metal building exteriors, concrete blocks, and steel structures. The Industrial Coatings segment is calculable to account for a serious share in terms of volume and is additionally anticipated to expand rapidly throughout the forecast period.

Crosslinking Agent Market – By Chemistry

  • Polyaziridine
  • Polycarbodiimide
  • Polyisocyanate

A crosslinking agent ought to have characteristics like smart chemical resistance, smart compatibility, VOC (Volatile organic compound) free, no gas developments, long pot life, and must be simple to use. The polyisocyanate crosslinking agent segment holds a significant share of the crosslinking agent market because of its numerous applications in automotive, appliances, decorative, packaging, and industrial wood coating.

Crosslinking Agent Market – By Region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

On the basis of region, the Crosslinking Agent market is segregated into regions of North America, South America, Asia Pacific, the Middle East and Africa, and Europe. North America holds the predominant share of the Crosslinking Agent market followed by Europe. Rigorous environmental laws and industries shifting to VOC-free coatings can be tied to the growth of the market in these regions.

Major companies plying their trade in the Crosslinking Agent Market include Lord Corporation, The Dow chemical company, Huntsman Corporation, Angus Chemical Company, Evonik Industries, Covestro AG, Aditya Birla Chemical Company, Stahl Holdings BV, Lord Corporation, Ineos, Shanghai Sisheng Polymer Materials Company, Allnex Group

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Crosslinking Agents Market, By Type                              

                                6.1.1 Amide       

                                6.1.2 Amine       

                                6.1.3 Amino       

                                6.1.4 Aziridine   

                                6.1.5 Isocyanate              

                                6.1.6 Carbodiimide         

                                6.1.7 Polyisocyanate      

                                6.1.8 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.9 Y-o-Y Growth Rate Analysis             

                                6.1.10 Market Attractiveness Index        

                6.2 Crosslinking Agents Market, By Application                  

                                6.2.1 Industrial Coatings               

                                6.2.2 Decorative Coatings            

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Evonik Industries                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Allnex Holding                           

                8.3 Huntsman Corporation                          

                8.4 Covestro AG                              

                8.5 BASF SE                        

                8.6 Dupont                         

                8.7 Lord Corporation                      

                8.8 Aditya Birla Chemicals                            

                8.9 Wanhua Chemical Group Co., Ltd.                    

                8.10 Hexion Inc.                               

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of Chemistry, by  Application along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

Global Crosslinking Agents Market By Region, From 2021-2026( USD Billion )

Global Crosslinking Agents Market By Type, From 2021-2026( USD Billion )

Global Amide Market By Region, From 2021-2026( USD Billion )

Global Amine Market By Region, From 2021-2026( USD Billion )

Global Amino Market By Region, From 2021-2026( USD Billion )

Global Aziridine Market By Region, From 2021-2026( USD Billion )

Global Isocyanate Market By Region, From 2021-2026( USD Billion )

Global Carbodiimide Market By Region, From 2021-2026( USD Billion )

Global Polyisocyanate Market By Region, From 2021-2026( USD Billion )

Global Crosslinking Agents Market By Application, From 2021-2026( USD Billion )

Global Industrial Coatings Market By Region, From 2021-2026( USD Billion )

Global Decorative Coatings Market By Region, From 2021-2026( USD Billion )

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