Adhesion Promoters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Adhesion Promoters Market Analysis
The market for adhesion promoters is expected to expand at a CAGR of around 3% during the forecast period. Major factors driving the market studied are the increasing usage in the packaging sector, increasing applications in the electrical and electronics industry. Negative environmental effect is expected to hinder the growth of the market studied.
- Growing emphasis on the development of silane-based green tires is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.
Adhesion Promoters Market Trends
This section covers the major market trends shaping the Adhesion Promoters Market according to our research experts:
Increasing Demand from Paints & Coatings Industry
- An adhesion promoter improves the film adhesion by its affinity with the substrate and the liquid coating. Wetting of the liquid coating to the substrate is a key factor.
- A perfect adhesion depends not only on the choice of the adhesion promoter in paints and coatings formulations, but several other parameters which influence adhesion, such as paint formulation, as the substrate wetting is a side key factor, application conditions, curing and ageing atmosphere etc.
- A significant level of adhesion is required in coatings to achieve the desired quality. In the coatings field, the norm DIN 55945 defines the adhesive strength. The adhesion itself has a huge influence on many other parameters, such as durability, aesthetic, corrosion resistance etc.
- On another side, all along its ageing, the film is submitted to various forces that may degrade it, like: mechanical degradation, thermal degradation, and chemical degradation
- Paints and coatings mixed with adhesion promoters may help the film to resist and keep its optical and functional properties.
- Various paint adhesion promoters, such as silanes, chlorinated polyolefins, and others exist and each has its own properties, which are catered into various applications, such as automotive, packaging, and paper, thus boosting the product demand over the forecast period.
China to Dominate the Asia-Pacific Region
- China continues to progress along a positive economic trajectory, with the private consumption driving a higher share of growth than government’s spending and investment. However, the growth has been the slowest in the last three decades.
- The initiative, “Made in China 2025”, is aimed at improving industries’ efficiency, product quality, and brand reputation. This may spur the development of domestic manufactures, hence, may increase the completeness.
- The production and usage of LCD/LEDTVs and other electronic devices, such as mobile phones, tablets, etc., are increasing the demand for PCBs, hence, influencing the growth of the market studied.
- Global leaders, such as Evonik Industries, 3M, etc., are all expanding their presence in the country through capacity expansion and new production site, in order to carter to the increasing demand for adhesion promoters from the electronic sector.
- The China’s residential housing sector is witnessing a slump. Around 22% of China’s urban house stocking was empty, as of late 2018. These include unsold properties and apartments brought by entrepreneurs and speculators, who have no intention of living in them, but to hold them as investment property. As a result, a decline in the construction and rise in taxes are expected to occur in the Chinese construction sector in the upcoming years, which can have a negative impact on the demand for these promoters in the country.
- Hence, with the increasing demand from end-user industries, the China adhesion promoters market is likely to witness a steady growth, during the forecast period
Adhesion Promoters Industry Overview
The global market for adhesion promoters is highly consolidated in nature with approximately 65-70% consolidation among the top 6-8 players. Major players, in the silane-based adhesion promoters market, include Momentive, Evonik, Dow, and Shin Etsu. However, in the organometallic compounds, chlorinated polyolefins, and other polymers-based adhesion promoters, the dominance of these chemical companies fades and new group of global players such as Eastman Chemical Company, Nagase & Co., Nippon Paper Group, and BASF SE.
Adhesion Promoters Market Leaders
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Momentive
-
Evonik Industries AG
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Shin Etsu Chemical Co. Ltd
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Eastman Chemical Company
-
DOW
*Disclaimer: Major Players sorted in no particular order
Adhesion Promoters Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Usage in the Packaging Sector
- 4.1.2 Increasing Applications in the Electrical and Electronics Industry
-
4.2 Restraints
- 4.2.1 Negative Environmental Effect
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Silane
- 5.1.2 Maleic Anhydride
- 5.1.3 Titanate and Zirconate
- 5.1.4 Chlorinated Polyolefins
- 5.1.5 Non-chlorinated Polyolefins
- 5.1.6 Others
-
5.2 Application
- 5.2.1 Plastics & Composites
- 5.2.2 Paints & Coatings
- 5.2.3 Rubber
- 5.2.4 Adhesive
- 5.2.5 Metal Substrate
- 5.2.6 Others
-
5.3 End-User Industry
- 5.3.1 Automotive and Transportation
- 5.3.2 Electrical & Electronics
- 5.3.3 Packaging
- 5.3.4 Consumer Goods
- 5.3.5 Construction & Others
-
5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.2.4 Rest of North America
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Italy
- 5.4.3.4 France
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 Iran
- 5.4.5.3 United Arab Emirates
- 5.4.5.4 South Africa
- 5.4.5.5 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Altana AG
- 6.4.3 Arkema Group
- 6.4.4 BASF SE
- 6.4.5 Borica Co. Ltd
- 6.4.6 DIC Corporation
- 6.4.7 Dow
- 6.4.8 Eastman Chemical Company
- 6.4.9 EMS-CHEMIE HOLDING AG
- 6.4.10 Evonik Industries AG
- 6.4.11 Kemipex
- 6.4.12 MHM Holding GmbH
- 6.4.13 Momentive
- 6.4.14 Nagase & Co. Ltd
- 6.4.15 Nippon Paper Industries Co. Ltd
- 6.4.16 Nouryon
- 6.4.17 Shin Etsu Chemical Co. Ltd
- 6.4.18 Toyobo Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Emphasis on the Development of Silane-based Green Tires
- 7.2 Growing Demand from the Automotive Sector
Adhesion Promoters Industry Segmentation
The adhesion promoters market report include:
| Type | Silane | |
| Maleic Anhydride | ||
| Titanate and Zirconate | ||
| Chlorinated Polyolefins | ||
| Non-chlorinated Polyolefins | ||
| Others | ||
| Application | Plastics & Composites | |
| Paints & Coatings | ||
| Rubber | ||
| Adhesive | ||
| Metal Substrate | ||
| Others | ||
| End-User Industry | Automotive and Transportation | |
| Electrical & Electronics | ||
| Packaging | ||
| Consumer Goods | ||
| Construction & Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | Saudi Arabia |
| Iran | ||
| United Arab Emirates | ||
| South Africa | ||
| Rest of Middle East & Africa |
Adhesion Promoters Market Research FAQs
What is the current Adhesion Promoters Market size?
The Adhesion Promoters Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Adhesion Promoters Market?
Momentive, Evonik Industries AG, Shin Etsu Chemical Co. Ltd, Eastman Chemical Company and DOW are the major companies operating in the Adhesion Promoters Market.
Which is the fastest growing region in Adhesion Promoters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Adhesion Promoters Market?
In 2024, the Asia Pacific accounts for the largest market share in Adhesion Promoters Market.
What years does this Adhesion Promoters Market cover?
The report covers the Adhesion Promoters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Adhesion Promoters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Adhesion Promoters Industry Report
Statistics for the 2024 Adhesion Promoters market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Adhesion Promoters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
