Global Crosslinking Agent
Market Report
2024
Crosslinking agent market was valued at USD 14.18 billion in 2022 and will expand to USD 21.11 billion by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global crosslinking agent market was valued at USD 14.18 billion in 2022 and will expand to USD 21.11 billion by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Crosslinking Agent Market Sales Revenue 2022 | $ 14.18 Billion |
Global Crosslinking Agent Market Sales Revenue 2030 | $ 21.11 Billion |
Global Crosslinking Agent Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Split by Chemistry |
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Market Split by Paints & Coating Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Crosslinking Agent Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Crosslinking is the process of the formation of chemical links between molecular chains to form a three-dimensional molecular structure. A crosslinking agent is a substance used in various chemical processes to create crosslinks or bonds between chemical links. Crosslinking agents are majorly used in the production of polymers, coating, adhesives, and other materials. They play a crucial role in improving these materials' thermal, mechanical, and chemical properties. By forming crosslinks they increase the strength, heat resistance, dimensional stability, and durability of the polymer.
The growth of industries such as construction, automotive, aerospace, and manufacturing has led to rising demand for paints and coating. In the construction sector, acrylic coating, epoxy resin coating, and Polyurethane coatings are used to enhance the surface properties, like appearance, adhesion, corrosion, and scratch resistance. While Automotive coatings are mainly utilized for corrosion resistance, and for protection against acid rain, degradation, and sunlight. Moreover, advanced aviation coatings are applied to jets, planes, helicopters, and other aircraft to preserve their appearance and guard against corrosion. While increasing usage of paints in various industries like aerospace, construction, automotive, electrical, and others, for decoration and anti-corrosion purposes contributed to growing the paint industry Hence, paints & coatings are essential in improving the performance, durability, and appearance of coatings, thereby driving the market.
One of the major factors driving the growth of the market is the increasing usage of crosslinking agents in polymer material. The molecular structure of polymer material is a long line; therefore, it has low strength, easy to pull off, and has no elasticity. Hence, crosslinking agents are required to increase polymer material properties, especially in rubbers and thermosetting resins. Moreover, the usage of cross-linking agents in polymer help to improve flame retardancy, heat resistance, solvent resistance, mechanical strength, and electrical properties. Hence, the superior qualities of crosslinking agents suitable for improving the qualities of polymer make it a choice to use in polymer materials.
Self-crosslinking agents are capable of initiating crosslinking reactions within polymer systems without the need for external crosslinking agents. These self-crosslinking agents may be more convenient and cost-effective for certain applications, as they eliminate the need for additional crosslinking agents. As a result, the demand for external crosslink agents may be reduced and restrain the growth of the market.
The pandemic significantly impacted various industries, including crosslinking agent market. The demand for crosslinking agents is closely tied to end-use industries such as automotive, construction, packaging, and textile. During the pandemic, many of these sectors experienced significant declines as a result of reduced consumer spending, project delays, and supply chain disruption. Consequently, the demand for crosslinking agents also decreased, affecting the market negatively. While the pandemic led to the delay or cancellation of numerous construction and infrastructure project worldwide. The posting of such a project has a direct impact on the demand for crosslinking agent
As economies recovered and restrictions were released, the crosslinking agent market rebounded. demand is also recovered. The construction industry is expected to witness significant growth as government investment in infrastructure projects to stimulate economic recovery. Additionally, the healthcare sector will continue to require crosslinking agents for medical device manufacturing.
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Evonik Launched the first renewable isophorone-based product. under the crosslinker family.
By using renewable acetone Evonik launched isophorone-based products with significantly lower CO2 footprint across all stages of the isophorone production chain. The new eCO products are available under the Evonik Crosslinkers’ well-known brand families; VESTASOL® IP eCO for isophorone, VESTAMIN® IPD eCO for isophorone diamine, and VESTANAT® IPDI eCO for isophorone diisocyanate.
ALLNEX, a leading manufacturer of crosslinking agents was acquired by PTT Global Chemical Public Company Limited (GC) for $4.25 billion.
ALLNEX, the leading supplier of specialty chemicals, offers a broad range of industrial resins including powder coating resins, energy-curable resins, waterborne resins, additives, and crosslinkers for use on wood, metal, plastic, and other surfaces that became part of PTT Global Chemical Public Company Limited (GC).
Picassian XL-755 and Picassian XL-762, two label-free carbodiimide crosslinkers from the specialty chemical business Stahl, provide a choice of sustainable and safe crosslinker solutions for a range of applications.
Top Companies Market Share in Crosslinking Agent Industry: (In no particular order of Rank)
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Global Crosslinking Agent Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Crosslinking Agent Industry growth. Crosslinking Agent market has been segmented with the help of its Chemistry, Paints & Coating Application , and others. Crosslinking Agent market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The isocyanate segment is expected to lead the crosslinking agent market during the forecast period.
By coating material, the market is segmented into Amine, Amino, Amide, Isocyanate, Carbodiimide, and Aziridine. Isocyanate is a class of compounds with low molecular weight and strong reactivity. Isocyanate crosslinking agents are extensively employed in the production of flexible and rigid fibers, foams, coatings like paints and varnishes, and elastomers. They are also progressively utilized in the manufacturing of building insulation materials, the automobile industry, and in manufacturing of flexible and rigid foams. Increasing usage of major consumer industries that as paints & coating in the automotive and construction industry is anticipated to fuel the growth of the isocyanate segment.
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Industrial paint & coating application is expected to continue its dominance during the forecast period.
By Chemistry, the market is bifurcated into industrial and decorative. Paints and coatings are used in various industries for heat resistance, rust prevention, flame retardant, water repellent, and temperature resistance. Increasing usage of paints and coating in various industries like automotive, aerospace, construction, and electronics also in the medical, pharmaceutical, semiconductor, textile, and marine anticipated to grow the industrial paint and coating application segment in the crosslinking agent market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Crosslinking Agent market report 2024 Edition by contacting our team.
Asia Pacific is expected to grow at a speedy rate during the forecast period.
Asia Pacific dominated the market for crosslinking agents in 2022 and is expected to continue its dominance over the forecast period. High economic growth in developing countries, rising income, and population growth help increase the demand for the paint and coating sector. High growth in the APAC region's end-use industries like construction and automotive industry. The Asia-Pacific region is known for its robust manufacturing capabilities. Countries like Japan, India, China, and South Korea have well-established automobile, electronics, and textile manufacturing industries. These industries often rely on crosslinking for various applications, creating significant regional demand.
The current report Scope analyzes Crosslinking Agent Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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The Global Crosslinking Agent Market is witnessing significant growth in the near future.
In 2023, the Amine segment accounted for noticeable share of global Crosslinking Agent Market and is projected to experience significant growth in the near future.
The Decorative segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Evonik Industries AG , INEOS and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Chemistry | Amine, Amino, Amide, Isocyanate, Carbodiimide, Aziridine |
Paints & Coating Application | Decorative, Industrial |
List of Competitors | Evonik Industries AG, Covestro AG, INEOS, ALLNEX, Stahl Holdings BV, ANGUS Chemical Company, Huntsman International LLC, BASF SE, Covestro AG, hanghai Sisheng Polymer Materials Co. Ltd., INEOS, Incorez Limited, others. |
This chapter will help you gain GLOBAL Market Analysis of Crosslinking Agent. Further deep in this chapter, you will be able to review Global Crosslinking Agent Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Crosslinking Agent Market Trends North America Crosslinking Agent Technological Road Map North America Crosslinking Agent Market Drivers North America Crosslinking Agent Market Restraints North America Crosslinking Agent Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Chemistry Analysis 2019 -2031, will provide market size split by Chemistry. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Chemistry Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Paints & Coating Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Crosslinking Agent market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Amine have a significant impact on Crosslinking Agent market? |
What are the key factors affecting the Amine and Amino of Crosslinking Agent Market? |
What is the CAGR/Growth Rate of Decorative during the forecast period? |
By type, which segment accounted for largest share of the global Crosslinking Agent Market? |
Which region is expected to dominate the global Crosslinking Agent Market within the forecast period? |
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Additional Quantitative Data |
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