Crosslinking Agent Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 128 SKU: IRTNTR74268

The crosslinking agent market share is expected to increase by USD 6.03 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.72%.

This crosslinking agent market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers crosslinking agent market segmentations by application (industrial coating and decorative coating) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The crosslinking agent market report also offers information on several market vendors, including Allnex Management GmbH, Angus Chemical Co., BASF SE, Covestro AG, DuPont de Nemours Inc, Evonik Industries AG, Hexion Inc., Huntsman corp., INEOS Group Holdings SA, Momentive Performance Materials Inc., Pergan GmbH, Sika AG, Stahl Holdings BV, and The Dow Chemical Co. among others.

What will the Crosslinking Agent Market Size be During the Forecast Period?

Download Report Sample to Unlock the Crosslinking Agent Market Size for the Forecast Period and Other Important Statistics

 

Crosslinking Agent Market: Key Drivers, Trends, and Challenges

The increasing applications in automotive and building and construction industries is notably driving the crosslinking agent market growth, although factors such as limitations of crosslinking agents may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the crosslinking agent industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Crosslinking Agent Market Driver

  • The increasing applications in automotive and building and construction industries is one of the key drivers supporting the crosslinking agent market growth.
  • Organofunctional crosslinking agents are used in the automotive industry for applications such as automotive clearcoats and adhesives and sealants. Moreover, crosslinking agents are proved to be highly efficient adhesion promoters for polyurethane-based windshield adhesives and sealants and primers. 
  • The rising demand for fuel-efficient vehicles has been fostering the demand for crosslinking agents to manufacture green tires.
  • The growing demand for automobiles in emerging countries due to huge untapped market potential, rising economic development, and better road infrastructure is accelerating the consumption of crosslinking agents in tire manufacturing and protective or corrosion inhibition coatings for automobiles.
  • Organocrosslinking agents are used as durable hydrophobic agents in concrete construction applications, including bridge and deck applications. Therefore, the rising demand for crosslinking agents in the automotive and building, and construction industries will drive the growth of the market during the forecast period.

Key Crosslinking Agent Market Trend

  • Emerging applications of crosslinking agents in pharmaceutical and industrial coating industries is one of the key crosslinking agent market trends contributing to market growth.
  • Crosslinking agents are being increasingly used to produce a wider range of products in the pharmaceutical and industrial coating industries.
  • In the pharmaceutical industry, crosslinking agents are used as a building block and blocking or protective and reducing agents. 
  • The improved compatibility promotes the ether exchange process between amino resins and reactive sites of coating polymers, resulting in coating films with a high degree of cross-linking. Owing to these factors, the global market is expected to grow during the forecast period.

Key Crosslinking Agent Market Challenge

  • Limitations of crosslinking agents is one of the factors hampering the crosslinking agent market growth. 
  • The adhesion promotion achieved using silane coupling agents for non-silica-based restorative materials such as zirconia, alumina, and metal and metal alloys, including CrCo alloys, is weaker than that attained using non-silica-based restorative materials.
  • The surface of non-silica-based restorative materials must be coated with silica to ensure strong bonding and siloxane linkage formation.
  • For noble metals or noble metal alloys without silica coating, thione or thiol-based coupling agents can be used to promote adhesion. Owing to these factors, the global crosslinking agent market is expected to face such hindrance in growth during the forecast period.

This crosslinking agent market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global crosslinking agent market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the crosslinking agent market during the forecast period.

Who are the Major Crosslinking Agent Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allnex Management GmbH
  • Angus Chemical Co.
  • BASF SE
  • Covestro AG
  • DuPont de Nemours Inc
  • Evonik Industries AG
  • Hexion Inc.
  • Huntsman corp.
  • INEOS Group Holdings SA
  • Momentive Performance Materials Inc.
  • Pergan GmbH
  • Sika AG
  • Stahl Holdings BV
  • The Dow Chemical Co.

 

This statistical study of the crosslinking agent market encompasses successful business strategies deployed by the key vendors. The crosslinking agent market is concentrated and the vendors are deploying growth strategies such as increased investment in R&D to compete in the market.

Product Insights and News

  • hexion.com - Under the adhesives segment, the company offers a global wood adhesives business, which also includes the oilfield technologies group, including global formaldehyde and others.
  • hexion.com - The company offers crosslinking agents such as Bakelite PF 7835 LB Resin and Bakelite PF 6535 LB Resin.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The crosslinking agent market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Crosslinking Agent Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the crosslinking agent market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Crosslinking Agent Market?

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52% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the crosslinking agent market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The availability of cost-effective labor and raw materials will facilitate the crosslinking agent market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020 and early 2021, the outbreak of COVID-19 adversely affected the regional market. However, the initiation of large-scale COVID-19 vaccination drives and the adherence to social distancing norms are some factors expected to drive the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Crosslinking Agent Market?

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The crosslinking agent market share growth in the industrial coating segment will be significant during the forecast period. UV-cured coatings improve adhesion and facilitate mechanical bonding between substances, require less machine storage space, and are relatively eco-friendly compared to other coating variants. The growing demand for UV-cured industrial coatings is attributable to the high cost-to-benefit ratio and ease of application. Owing to these factors, the industrial coating segment of the global crosslinking agent market is expected to witness significant growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the crosslinking agent market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Crosslinking Agent Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.72%

Market growth 2022-2026

$6.03 billion

Market structure

Concentrated

YoY growth (%)

7.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allnex Management GmbH, Angus Chemical Co., BASF SE, Covestro AG, DuPont de Nemours Inc, Evonik Industries AG, Hexion Inc., Huntsman corp., INEOS Group Holdings SA, Momentive Performance Materials Inc., Pergan GmbH, Sika AG, Stahl Holdings BV, and The Dow Chemical Co.

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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Crosslinking Agent Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive crosslinking agent market growth during the next five years
  • Precise estimation of the crosslinking agent market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the crosslinking agent industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of crosslinking agent market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Industrial coating - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Industrial coating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Industrial coating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Industrial coating - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Industrial coating - Year-over-year growth 2021-2026 (%)
    • 5.4 Decorative coating - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Decorative coating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Decorative coating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Decorative coating - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Decorative coating - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Allnex Management GmbH
              • Exhibit 89: Allnex Management GmbH - Overview
              • Exhibit 90: Allnex Management GmbH - Product / Service
              • Exhibit 91: Allnex Management GmbH - Key news
              • Exhibit 92: Allnex Management GmbH - Key offerings
            • 10.4 Angus Chemical Co.
              • Exhibit 93: Angus Chemical Co. - Overview
              • Exhibit 94: Angus Chemical Co. - Product / Service
              • Exhibit 95: Angus Chemical Co. - Key offerings
            • 10.5 BASF SE
              • Exhibit 96: BASF SE - Overview
              • Exhibit 97: BASF SE - Business segments
              • Exhibit 98: BASF SE - Key news
              • Exhibit 99: BASF SE - Key offerings
              • Exhibit 100: BASF SE - Segment focus
            • 10.6 Covestro AG
              • Exhibit 101: Covestro AG - Overview
              • Exhibit 102: Covestro AG - Business segments
              • Exhibit 103: Covestro AG - Key news
              • Exhibit 104: Covestro AG - Key offerings
              • Exhibit 105: Covestro AG - Segment focus
            • 10.7 Evonik Industries AG
              • Exhibit 106: Evonik Industries AG - Overview
              • Exhibit 107: Evonik Industries AG - Business segments
              • Exhibit 108: Evonik Industries AG - Key news
              • Exhibit 109: Evonik Industries AG - Key offerings
              • Exhibit 110: Evonik Industries AG - Segment focus
            • 10.8 Hexion Inc.
              • Exhibit 111: Hexion Inc. - Overview
              • Exhibit 112: Hexion Inc. - Business segments
              • Exhibit 113: Hexion Inc. - Key news
              • Exhibit 114: Hexion Inc. - Key offerings
              • Exhibit 115: Hexion Inc. - Segment focus
            • 10.9 Huntsman corp.
              • Exhibit 116: Huntsman corp. - Overview
              • Exhibit 117: Huntsman corp. - Business segments
              • Exhibit 118: Huntsman corp. - Key news
              • Exhibit 119: Huntsman corp. - Key offerings
              • Exhibit 120: Huntsman corp. - Segment focus
            • 10.10 INEOS Group Holdings SA
              • Exhibit 121: INEOS Group Holdings SA - Overview
              • Exhibit 122: INEOS Group Holdings SA - Business segments
              • Exhibit 123: INEOS Group Holdings SA - Key offerings
              • Exhibit 124: INEOS Group Holdings SA - Segment focus
            • 10.11 Stahl Holdings BV
              • Exhibit 125: Stahl Holdings BV - Overview
              • Exhibit 126: Stahl Holdings BV - Product / Service
              • Exhibit 127: Stahl Holdings BV - Key offerings
            • 10.12 The Dow Chemical Co.
              • Exhibit 128: The Dow Chemical Co. - Overview
              • Exhibit 129: The Dow Chemical Co. - Business segments
              • Exhibit 130: The Dow Chemical Co. - Key news
              • Exhibit 131: The Dow Chemical Co. - Key offerings
              • Exhibit 132: The Dow Chemical Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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