Global Adhesion Promoter Market is expected to reach USD 5.21
billion by 2024, according to a new report by Grand View Research, Inc.
Increasing demand for silane and silicone products to enable efficient
transportation with greater fuel savings is likely to foster industry
growth.
The increasing industrialization in emerging economies such
as Brazil, China, India and Mexico coupled with a growing automotive sector has
prompted high demand for sustainable paints and coatings. Silane promoters, in
particular contribute to extended material lifetime and boost resource
usage especially in automotive paints.
Rising consumer disposable income in these economies is also
expected to contribute to high passenger car sales which in turn is crucial to
industry growth. Growing environmental and regulatory pressure to reduce
resource wastage and carbon emissions from the transportation sector is also
likely to promote product demand.
High demand for silane products such chlorosilanes and other
alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to
foster silane growth. Silanes thus emerged as the largest product with around
34% market share in 2015. Maleic anhydride emerged as the fastest growing
product with highest CAGR of 7.3% from 2016 to 2024. These additives provide
durability and enhanced binding capabilities to composites, specifically
providing strength & stability in the automotive & construction
sector.
Access Full Research Report on Global Adhesion Promoter
Market:
http://www.grandviewresearch.com/industry-analysis/adhesion-promoter-market
http://www.grandviewresearch.com/industry-analysis/adhesion-promoter-market
Further key findings from the report suggest:
- Global
adhesion promoter market size was708.1 kilo tons in 2015 and is expected
to reach 1,181.5 kilo tons by 2024, growing at a CAGR of 6.0% from 2016 to
2024
- Plastics
& composites were the leading application segment and accounted for
32.9% of total market volume in 2015.Development of innovative polymer
resin materials and high performance plastic composites is likely to lead
to their usage in automotive, aerospace and marine transportation owing to
their light weight and high strength.
- Technological
advancements are expected to spur product demand in ‘green tires’ leading
to growth in rubbers segment. China generated the highest demand for
promoters in rubber segment accounting for over 17% of its consumption in
2015.
- North
America and Europe present relatively mature markets with a combined share
of around 39% in 2015. Highly developed countries such as the U.S.,
Canada, Germany, the UK, France and Italy witnessed high product
penetration, presenting few opportunities to market participants over the
forecast period.
- Adhesion
promoters market is mainly dominated by multinational players such as
BASF, Arkema, The 3M Company, Eastman Chemical Company, DuPont, Ashland,
Momentive Performance Materials Inc., Dow Corning Corporation, Altana AG,
Evonik Industries among several other independent players.
View More Related
Reports from same category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research
has segmented the Global Adhesion Promoter Market on the basis of product,
application and region:
Global Adhesion Promoter Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- Silane
- Maleic
anhydride
- Chlorinated
polyolefins
- Titanate
& zirconate
- Others
Global Adhesion Promoter Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Plastics
&composites
- Paints
&coatings
- Rubber
- Adhesives
- Metals
- Others
Global Adhesion Promoter Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- North
America
- U.S
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- India
- China
- Japan
- South
Korea
- Central
& South America
- Brazil
- Argentina
- Middle
East and Africa
View Press Release on Global Adhesion
Promoter Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-adhesion-promoter-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry
James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For more Information visit us: www.grandviewresearch.com
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