Overview of the global adhesion promoters market
Technavio’s market research report predicts that the global adhesion promoters market will grow at a CAGR of above 6% during the forecast period. This market research analysis identifies the strong demand from the automotive industry as one of the primary factors for market growth. The adhesion promoters provide a wide range of usage in the automotive industry for different applications like painting, coating, and tire labeling. Additionally, coatings are also used in the automotive industry for driver assistance systems, sensors, cameras, windows, windscreens, night vision systems, head-up displays, and lane departure assistance systems and others. Moreover, optical components can be improved with high-precision thin film coatings, and the adhesion promoters are also used in night vision filters to enhance the driving experience during nights. Thus, the rise in a number of automotive OEMs along with the growth of the automotive industry propels the growth of the market.
In terms of geography, APAC led the global adhesion promoters market during 2016 and is anticipated to continue the domination over the next four years. Factors like growth in the utilization of adhesion promoters in automotive, marine transportation and aerospace industries in developing countries and infrastructural developments in the region augment the growth of the market.
Competitive analysis and key vendors
Due to the presence of numerous large and small scale vendors, the global adhesion promoters market appears highly fragmented. The market is extremely competitive and is anticipated to grow higher due to improvements in the technology and shift in market dynamics. Moreover, the key five players in the market hold maximum market share. However, there are many small regional vendors with a substantial number of share in the market.
Key players in the market are:
- BASF
- The Dow Chemical Company
- Eastman Chemical Company
- Evonik Industries
- 3M
Other prominent players include ALTANA, DuPont, and Wacker Chemie.
Segmentation by product type and analysis of the adhesion promoters market
- Silane
- Maleic anhydride
- Chlorinated polyolefins
During 2016, the silane segment accounted for the major shares in the product-type segment of global adhesion promoters market and is expected to continue the domination over the next four years. The rise in demand for paints, coatings, and rubber applications contributes to the growth of the segment.
Segmentation by application and analysis of the adhesion promoters market
- Plastics and composites
- Paints and coatings
- Rubber
As per the Technavio’s market research report, the plastics and composites led the global adhesion promoters market during 2016 and is foreseen to continue the domination during the forecasted period. Factors like increasing usage in industries like automotive, aerospace, and marine transportation and rising demand for high-performance plastics and composites in developing countries like India, China, and Brazil drives the progress of the segment.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global adhesion promoters market?
- What are the key market trends impacting the growth of the global adhesion promoters market?
- What are the challenges to market growth?
- Who are the key vendors in the global adhesion promoters market?
- What are the market opportunities and threats faced by the vendors in the global adhesion promoters market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global adhesion promoters market?
Technavio also offers customization on reports based on specific client requirement.
The chemical industry is undergoing a lean period due to volatile raw material prices, increasing competition, growing concerns for the environment, and an increasing need for supply chain optimization. To address these issues, the industry experts at Technavio develop industry-specific market research reports that are tailored to help chemical vendors and manufacturers maximize their profits. Each of our reports is the product of extensive research and intelligent use of the best analytical tools. Moreover, the analysts take into account all the current trends and government policies to provide an in-depth analysis of the specialty chemicals industry. Along with syndicated reports, we also develop highly customized reports depending on the specific requirement of our clients. Our reports provide you with a holistic picture of the growth prospects as well as the key challenges in this industry.
To identify the industry’s growth prospects, the industry experts at Technavio rigorously follow a combination of primary and secondary research methodologies and take into account important factors like the size of the market and product demand across different geographical regions. Moreover, our upcoming report on adhesion promoters also provides detailed information on various parameters such changing consumer preferences and the products offered by competitors across the global and regional markets. Our upcoming market research report on adhesion promoters for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the specialty chemicals sector.
To understand the adhesion promoters market in a more objective manner, the research analysts closely follow the growth trajectory of similar markets such as specialty pigments and flavors and fragrances markets, which are expected to grow at a CAGR of around 3% and 4%, respectively by 2020. According to our experts, the augmented demand for specialty chemicals from companies that manufacture food products and beverages, perfumes, cosmetics, toiletries, and household products will also impel this market’s growth prospects. Along with specialized syndicated reports, Technavio also offers to provide customized reports based on the requirements of the clients.
The upcoming industry research report for adhesion promoters also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the specialty chemicals sector. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the chemicals and materials industry.