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The crosslinking agent market size is forecast to increase by USD 5.45 billion, at a CAGR of 7.08% between 2023 and 2028. The market report provides a comprehensive analysis of the market's growth dynamics, with a focus on key drivers propelling its expansion. Notably, the increasing applications of crosslinking agents in the automotive, building, and construction industries are significant growth factors. Crosslinking agents play a crucial role in enhancing the properties of polymers and resins used in these industries, thereby contributing to the market's expansion. The report delves into the market's competitive landscape, providing insights into the strategies adopted by key players to maintain their market position. Additionally, the analysis covers the latest market trends, regulatory frameworks, and technological advancements influencing the market's growth trajectory.
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The market is a significant industry that focuses on the production and supply of eco-friendly solutions for creating novel cross-linking agents for various polymer systems. These agents play a crucial role in enhancing the properties of high-performance materials by forming covalent bonds and establishing a three-dimensional network structure. The market caters to diverse applications, including powder coatings, water-based coatings, high performance coatings, floor coatings, paints and coatings industry, and wood finishing. Crosslinking agents are essential in the automotive coatings industry for producing high-quality, long-lasting finishes. The market for these agents is driven by the growing demand for water-based crosslinking agents due to their environmental benefits and the increasing usage of synthetic and natural polymers. The crosslinking process involves the use of ionic links and covalent links to strengthen the polymer chains. However, the market faces challenges due to the presence of volatile organic compounds, which can negatively impact the environment. Overall, the Crosslinking Agent Market is an evolving industry that offers numerous opportunities for growth and innovation.
Increasing applications in automotive, building, and construction industries is notably driving market growth. Crosslinking agents play a crucial role in various industries, including marine coatings and general industrial applications. In marine coatings, these agents facilitate the crosslinking process, enhancing the chemical resistance and aesthetics of the coatings. Water-based crosslinking agents are gaining popularity due to environmental legislation limiting the use of volatile organic compounds (VOCs). In the general industrial sector, crosslinking agents are used for polymer crosslinking in applications such as wood finishing, fire suppression agents, biopolymers, antistatic agents, and high-performance coatings. For instance, polyethylene beds use polyisocyanate crosslinking agents, while polyaziridine crosslinking agents are employed in the production of epoxy resins. The construction sector also relies on crosslinking agents for rolled steel coatings and aqueous coatings.
Moreover, these agents improve the mechanical strength and durability of the coatings, making them suitable for long-term use. In the automotive industry, crosslinking agents are used in automobile coatings, particularly for applications like automotive clearcoats and adhesives and sealants. Silane-based adhesion promoters are commonly used for enhancing the adhesion properties of epoxy adhesives and primers. The global automotive industry's growth is anticipated to remain steady during the forecast period, driven by economic recovery in key markets like the US and Europe. Additionally, the increasing demand for electric vehicles is expected to fuel the demand for crosslinking agents in the production of green tires and batteries. The future of the crosslinking agents market looks promising, with a growing focus on VOC-free coatings and the expanding applications in various industries. Thus, such factors are driving the growth of the market during the forecast period.
Emerging applications of crosslinking agents in pharmaceutical and industrial coating industries is the key trend in the market. Crosslinking agents play a crucial role in the production of various coatings, including marine and general industrial coatings, automotive coatings, and high-performance coatings. In the industrial coatings sector, crosslinking agents facilitate the crosslinking process by forming ionic link or covalent link between polymer chains. This results in enhanced chemical resistance, mechanical strength, and aesthetics. Water-based crosslinking agents are gaining popularity due to environmental legislation limiting the use of volatile organic compounds (VOCs). Biopolymers, such as polysaccharides and proteins, are also being used as crosslinking agents in the production of VOC-free coatings. Amino crosslinking agents, such as melamine-formaldehyde resins, are widely used in the production of rolled steel coatings, wood finishing, and fire suppression agents.
Further, polyethylene beds and polyisocyanate crosslinking agents are used in the production of high-performance coatings, such as those used in the construction sector. Polyaziridine crosslinking agents are used in the production of aqueous coatings for electric vehicles and the paper & pulp industry. Crosslinking agents are also used in the production of antistatic agents and fire retardants. In summary, crosslinking agents are essential in the production of various coatings, including marine and general industrial coatings, automotive coatings, high-performance coatings, and specialty coatings. They enhance the properties of coatings, such as chemical resistance, mechanical strength, and aesthetics, and are used in various industries, including automotive, construction, and paper & pulp. Crosslinking agents are also used in the production of VOC-free coatings and biopolymers, making them environmentally friendly alternatives. Thus, such trends will shape the growth of the market during the forecast period.
Limitations of crosslinking agents is the major challenge that affects the growth of the market. Crosslinking agents play a crucial role in enhancing the properties of various coatings, including marine and general industrial coatings, automotive coatings, and high-performance coatings. The crosslinking process involves the formation of links, either ionic or covalent, between polymer chains to improve chemical resistance, mechanical strength, and other desirable attributes. In the context of marine coatings and general industrial coatings, water-based crosslinking agents are gaining popularity due to environmental legislation limiting the use of volatile organic compounds (VOCs). Moreover, crosslinking agents are essential in various industries such as wood finishing, fire suppression, biopolymers, antistatic agents, and the paper & pulp industry. For instance, polyethylene beds in the construction sector require crosslinking agents for improved chemical resistance and aesthetics.
However, in the automotive industry, polyisocyanate and polyaziridine crosslinking agents are commonly used for high-performance coatings. Amino crosslinking agents are preferred for rolled steel coatings due to their ability to form strong bonds. In the electric vehicle sector, VOC-free coatings are increasingly being adopted, making water-based crosslinking agents a preferred choice. The chemical resistance and mechanical strength of coatings can be significantly enhanced through the use of crosslinking agents, making them indispensable in various industries. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The industrial coating segment is estimated to witness significant growth during the forecast period. Crosslinking agents play a crucial role in enhancing the mechanical properties and thermal stability of polymer systems by forming covalent bonds and creating a three-dimensional network structure. Novel eco-friendly solutions have gained significant attention in recent years due to growing environmental and regulatory concerns. Bio-based cross-linking agents derived from renewable sources such as plant-based materials and bio-based chemicals are increasingly being used.
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The industrial coating segment accounted for USD 8.61 billion in 2018. Amino compounds, including amino resins, amino silanes, amines, isocyanates, amides, aziridines, and carbodiimides, are commonly used as cross-linking agents. These eco-friendly crosslinking agents offer superior adhesion and improved mechanical properties in various industrial applications, including powder coatings, water-based coatings, high-performance coatings, floor coatings, heat resistance paints, and protective coatings. In the transportation sector, crosslinking agents are used in decorative and industrial coatings, while in the industrial wood coatings segment, they ensure excellent protection against wear and tear. The use of sustainable products derived from natural polymers and synthetic polymers is expected to drive the demand for eco-friendly crosslinking agents in the future.
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APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Crosslinking Agent Market encompasses a wide range of eco-friendly solutions for enhancing the properties of polymer systems through the formation of high-performance materials via covalent bonds. Novel cross-linking agents derived from renewable sources, such as bio-based chemicals, amino compounds, amino resins, and amino silanes, are gaining increasing attention due to environmental concerns and regulatory requirements.
Moreover, these agents contribute to the development of sustainable products, including powder coatings, water-based coatings, high-performance coatings, floor coatings, paintings and coatings industries, and various industrial and decorative coatings. The three-dimensional network structure of cross-linked polymers enhances their mechanical properties, thermal stability, and adhesion, making them suitable for diverse industrial applications. Synthetic polymers and natural polymers alike benefit from cross-linking agents, which are used in transportation coatings, industrial wood coatings, and protective coatings. Key cross-linking agents include isocyanates, amides, aziridines, and carbodiimides.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand for eco-friendly solutions and high-performance materials. Novel cross-linking agents derived from renewable sources, such as bio-based chemicals, plant-based materials, amino compounds, amino resins, and amino silanes, are gaining popularity. These agents form a three-dimensional network structure through covalent bonds, enhancing the mechanical properties, thermal stability, adhesion, and industrial application of polymer systems. Environmental and regulatory concerns are driving the market towards eco-friendly crosslinking agents. Sustainable products, such as powder coatings, water-based coatings, high performance coatings, floor coating, heat resistance paints, and decorative coatings, are being developed using these agents. Industrial applications, including transportation coatings, industrial wood coatings, and protective coatings, also benefit from the use of eco-friendly crosslinking agents.
Furthermore, synthetic polymers and natural polymers are used extensively in the production of various coatings. Crosslinking agents play a crucial role in enhancing the properties of these polymer crosslinking agents, making them suitable for various applications. Isocyanates, amides, aziridines, and carbodiimides are some of the commonly used crosslinking agents. The market for crosslinking agents is expected to grow steadily due to the increasing demand for high-performance coatings with improved mechanical properties and thermal stability. The use of these agents in various industries, including automotive, construction, and consumer goods, is expected to drive market growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
154 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
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Market growth 2024-2028 |
USD 5.45 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.49 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 54% |
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Key countries |
China, Germany, US, Canada, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Allnex GMBH, Angus Chemical Co., Asahi Kasei Corp., BASF SE, Covestro AG, Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Hexion Inc., Huntsman Corp., INEOS Group, Mitsui Chemicals Inc., Momentive Performance Materials Inc., NIPPON SHOKUBAI CO. LTD, Pergan GmbH, Perstorp Holding AB, Sika AG, Stahl Holdings B.V., and Tosoh Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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