Latin America Crosslinking Agent Market

Latin America Crosslinking Agent Market Size (2023-2028)

Latin America Crosslinking Agent Market size was around USD 2.23 billion in 2022. It is expected to grow at a CAGR of 4.9% to reach USD 4.20 billion by 2028.

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 with 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 between 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.

Market Segmentation:

Latin America 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.

Latin America Crosslinking Agent Market – By Chemistry:

• Polyaziridine
• Polycarbodiimide
• Polyisocyanate
• others

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.

Geographical Analysis:

By geography, the market is segmented into

• Brazil
• Chile
• Argentina
• Mexico
• Colombia
• Others

Latin America Crosslinking Agent market is showing consistent growth in the past few years and is anticipated to further increase its market in the forecast period. The market is majorly concentrated in countries like Mexico and Brazil.

Key Players:

Leading players in the Crosslinking Agent market include

1. Lord Corporation

2. The Dow chemical company

3. Huntsman Corporation

4. Angus Chemical Company

5. Evonik Industries, Covestro AG

6. Aditya Birla Chemical Company

7. Stahl Holdings BV

8. Lord Corporation

9. Ineos

10. Shanghai Sisheng Polymer Materials Company

11. Allnex Group