Market Size of Adhesion Promoters Industry
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 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 | |||||||
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Adhesion Promoters Market Size Summary
The adhesion promoters market is poised for moderate growth, driven by increasing applications in the packaging and electrical and electronics sectors. These promoters play a crucial role in enhancing the adhesion of coatings to substrates, which is vital for achieving desired qualities such as durability, aesthetics, and corrosion resistance. The market is characterized by the presence of various types of adhesion promoters, including silanes and chlorinated polyolefins, each tailored for specific applications like automotive, packaging, and paper. Despite the positive growth trajectory, environmental concerns pose challenges to market expansion. However, the development of silane-based green tires presents a potential opportunity for future growth.
Regionally, Asia-Pacific leads the market, with China and India being significant consumers. The Chinese market, in particular, is influenced by the country's economic initiatives like "Made in China 2025," which aims to enhance industrial efficiency and product quality. This initiative, along with the rising demand for electronic devices, is expected to bolster the market for adhesion promoters. However, challenges such as a slowdown in the residential housing sector and potential declines in construction activities may impact demand. The global market is highly consolidated, with major players like Momentive, Evonik, Dow, and Shin Etsu dominating the silane-based segment, while other segments see competition from companies like Eastman Chemical Company and BASF SE.
Adhesion Promoters Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Usage in the Packaging Sector
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1.1.2 Increasing Applications in the Electrical and Electronics Industry
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1.2 Restraints
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1.2.1 Negative Environmental Effect
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Silane
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2.1.2 Maleic Anhydride
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2.1.3 Titanate and Zirconate
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2.1.4 Chlorinated Polyolefins
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2.1.5 Non-chlorinated Polyolefins
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2.1.6 Others
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2.2 Application
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2.2.1 Plastics & Composites
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2.2.2 Paints & Coatings
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2.2.3 Rubber
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2.2.4 Adhesive
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2.2.5 Metal Substrate
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2.2.6 Others
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2.3 End-User Industry
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2.3.1 Automotive and Transportation
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2.3.2 Electrical & Electronics
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2.3.3 Packaging
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2.3.4 Consumer Goods
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2.3.5 Construction & Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.2.4 Rest of North America
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 Iran
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2.4.5.3 United Arab Emirates
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2.4.5.4 South Africa
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2.4.5.5 Rest of Middle East & Africa
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Adhesion Promoters Market Size 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.