Global Cross-Linking Coating Agents Market, By Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Application (Decorative, Industrial) – Industry Trends and Forecast to 2029
Market Analysis and Size
Cross-linking is used in both synthetic and biological chemistry. The word 'cross-link' is used to describe a difference between the mechanical and physical of artificial polymers. The degree to which features are altered is resolute by the crosslink density. The compound's viscosity is reduced when the density of the crosslink is low. Cross-linking in coatings increases their chemical resistance, mechanical durability and appearance. Coatings with cross-linking agents improve corrosion and colour resistance. In Industrial coatings application includes coatings for concrete blocks, steel structures, concrete floors, metal building exteriors, and other miscellaneous equipment. The cross-linking agent market is projected to hold a main share in volume and value due to the increased demand for eco-friendly and water-based cross linking coatings agents in various industrial applications.
Data Bridge Market Research analyses that the cross-linking coating agents market was valued at USD 631.20 million in 2021 and is expected to reach USD 946.88 million by 2029, registering a CAGR of 5.20 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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By Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Application (Decorative, Industrial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Evonik Industries (Germany), Huntsman Corporation (U.S.), Covestro AG (Germany), BASF SE (Germany), Dupont (U.S.), Parker Hannifin Corp (U.S.), Aditya Birla Chemicals (India), Wanhua Chemical Group Co., Ltd. (China), Hexion (U.S.), INEOS (Switzerland), Shanghai Sisheng Polymer Materials Co., Ltd. (China), DOW (U.S.), Stahl Holdings B.V. (Netherlands), ANGUS Chemical Company (U.S.), Akzo Nobel N.V. (Netherlands), Ashland (U.S.), ELEMENTIS PLC (U.K.), Eastman Chemical Company (U.S.), Cabot Corporation (U.S.), Byk-Chemie GmbH (Germany), Arkema (France), Chemicals Mfg. Co., Ltd. (Japan), Meilian Chemical Co., Ltd. (China), Allnex GMBH (Belgium), Asahi Kasei Corporation (Japan), DIC CORPORATION (Japan)
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Market Opportunities
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Market Definition
Cross-linking is the processes in which the molecules form chemical links between molecular chains and create a three-dimensional network of connected molecules. The vulcanization of rubber using elemental sulfur is the best example of cross-linking in which raw rubber converts from a weak plastic to a highly resilient elastomer.
Cross-Linking Coating Agents Market Dynamics
Drivers
- Higher demand in industrial coating
Industrial coatings have been the main cross-linking coating agent market for numerous years. Due to upsurge in the global spending and the consumption of cross-linking coating agents has always been significantly high in automotive industry in comparison to other sector. The continuous requirement of coatings in the transportation sector for instance, in different vehicles are expected to drive the growth rate of the cross linking coating agents market.
- Increase demand for water based cross linking coating agents
The growth of the cross-linking coating agents market is mainly driven by the growing demand for water-based cross-linking agents. These cross-linking coating agents have low VOC emissions and are eco-friendly than other coating options. They are being used in several applications like automotive coatings and wood coating. The paints industry is considered one of the major applications for using cross-linking coating agents in emerging as well as developed countries.
Opportunities
The consumption of cross-linking coating agents has always been considerably higher in automotive sector because of the increasing demand for coatings in the transportation sector. Furthermore, increase in demand for cross-linking coating agents for water-based coatings and high usage in paintings industries accelerate the market's growth. The rise in the use in several industrial applications including heat resistance paints and high performance and floor coating, further influence the market. Moreover, surge in investments, surge in investments and rapid industrialization positively affect the cross-linking coating agent market. Furthermore, increase in demand for environment-friendly cross-linking coating agents and development of sustainable products extend lucrative opportunities to the market players in forthcoming years.
Restraints/ Challenges
The non-recyclable and high cost properties of some cross-linking coating agents are expected to restrain the growth of the cross-linking coating agents market. Furthermore, the availability of self-cross-linking agents is the major alternative to chemical cross-linking coating agents, further hampering the market's growth. Also, Uneven distribution of cross-linking coating agents due to uniform blending of cross-linking coating agents is projected to obstruct the growth of the global cross-linking coating agents market during the forecast period.
This cross-linking coating agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cross-linking coating agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact Cross-Linking Coating Agents Market
The rapid spread of covid-19 has a major public emergence which impact on several global markets. The major countries of the globe are completely lockdown due to this pandemic. This major lockdown, abruptly all the end user market has started to show negligible interest towards purchasing any goods, which also decreases the demand for cross-linking coating agents. One of the major problems facing the market is the shutdown of all kinds of transportation.
Global Cross-Linking Coating Agents Market Scope
The cross-linking coating agents market is segmented on the basis of chemistry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Chemistry
- Amino
- Amine
- Isocyanate
- Amide
- Aziridine
- Carbodiimide
Application
- Decorative
- Industrial
Cross-Linking Coating Agents Market Regional Analysis/Insights
The cross-linking coating agents market is analysed and market size insights and trends are provided by country, chemistry and application as referenced above.
The countries covered in the cross-linking coating agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Europe dominates the cross-linking coating agents market in terms of market share during the forecast period. This is due to the growing demand for cross-linking coating agents in this region. Europe dominates the cross-linking coating agents market because increase the demand of industrial coatings in automotive and protective coatings applications in this region.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to the advancements in the architectural and several other industrial sectors in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape Cross-Linking Coating Agents Market Share Analysis
The cross-linking coating agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cross-linking coating agents market.
Some of the major players operating in the cross-linking coating agents market are:
- Evonik Industries (Germany)
- Huntsman Corporation (U.S.)
- Covestro AG (Germany)
- BASF SE (Germany)
- Dupont (U.S.)
- Parker Hannifin Corp (U.S.)
- Aditya Birla Chemicals (India)
- Wanhua Chemical Group Co., Ltd. (China)
- Hexion (U.S.)
- INEOS (Switzerland)
- Shanghai Sisheng Polymer Materials Co., Ltd. (China)
- DOW (U.S.)
- Stahl Holdings B.V. (Netherlands)
- ANGUS Chemical Company (U.S.)
- Akzo Nobel N.V. (Netherlands)
- Ashland. (U.S.)
- ELEMENTIS PLC (U.K.)
- Eastman Chemical Company (U.S.)
- Cabot Corporation (U.S.)
- Byk-Chemie GmbH (Germany)
- Arkema (France)
- Chemicals Mfg. Co., Ltd. (Japan)
- Meilian Chemical Co., Ltd. (China)
- Allnex GMBH (Belgium)
- Asahi Kasei Corporation (Japan)
- DIC CORPORATION (Japan)
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