Market Trends of Adhesion Promoters Industry
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.
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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
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