Global Adhesion Promoter Market Size, Share, opportunity And Forecast 2023-2028

Byimarcsuraj

According to the latest report by IMARC Group, titled “Adhesion Promoter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global adhesion promoter market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global adhesion promoter market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of  US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.07% during 2023-2028.

Adhesion promoters, or coupling agents, enhance adhesion between organic polymers and inorganic layers by interacting with the intersection of the two. They act chemically and physically between organic-inorganic interfaces to bond these dissimilar materials together. Adhesion promoters increase the adhesive strength between a coating and a substrate. By using these agents, physical and chemical forces are altered at the interface, and a compatibility bridge is built between them to enlarge adhesion.

Adhesion promoters can prevent the bonds from being weakened by numerous environmental factors, including heat and moisture. To improve the adhesion of inorganic substrates, such as coatings, inks, adhesives, etc., to the substrate of interest, they are used to increase the reliability of semiconductors and manufacture high-performance polymers and rubbers.

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What are the key factors driving in the adhesion promoter market?

The growing demand for stronger polymers, composites and paints, and coatings in construction activities is primarily augmenting the adhesion promoter market. Furthermore, the expanding commercial real estate sector is positively influencing the global market. Apart from this, the increasing utilization of plastics in the automotive industry to foster fuel savings by downsizing the overall car weight is acting as another significant growth-inducing factor.

Moreover, continuous innovations in advanced composites and multilayer packaging are also bolstering the market growth. Besides this, the rising need for semiconductors is further propelling the global market. Additionally, the inflating industrialization levels, easy availability of these agents across online and offline organized retail channels, and extensive investments in R&D activities conducted by key market players are expected to fuel the adhesion promoter market in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

3M Company, Akzo Nobel N.V., Arkema S.A., Borica Co. Ltd., Eastman Chemical Company, Ems-Chemie Holding AG, Evonik Industries AG, Momentive Performance Materials Inc., Nagase America LLC (Nagase & Co. Ltd.), Nippon Paper Industries Co. Ltd., The Dow Chemical Company and Toyobo Co. Ltd.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Silane
  • Maleic Anhydride
  • Titanate and Zirconate
  • Chlorinated Polyolefins
  • Non-Chlorinated Polyolefins
  • Others 

Breakup by Form:

  • Liquid Form
  • Spray Form 

Breakup by Application:

  • Plastics and Composites
  • Paints and Coatings
  • Rubber
  • Adhesive
  • Metal Substrate
  • Others 

Breakup by End Use Industry:

  • Automotive and Transportation
  • Electrical and Electronics
  • Packaging
  • Consumer Goods
  • Construction
  • Others

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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