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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.
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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
Key Crosslinking Agent Market Trend
Key Crosslinking Agent Market Challenge
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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