Adhesion Promoter Market Segments by Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals and Others); By Type (Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate and Others); By End-User (Building & Construction, Automotive & Transportation, Packaging, Electronics and Others); By Form (Liquid and Spray Forms); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
Product Overview
Adhesion promoters are the coupling agents that function as the interface between an inorganic surface and organic polymer to enhance adhesion between the two materials. This chemical increases the adhesive strength of the coatings by strengthening the bond between the substrate and the coating. Adhesion parameter functions in any of the three ways, such as, as a primer between coating layers, a primer between substrate and coatings or as an additive in the preparation of paints and coatings, rubbers, inks and polymers among others
Market Highlights
Global Adhesion Promoter Market is expected to project a notable CAGR of 5.4% in 2030.
Global Adhesion Promoter Market to reach USD 4.91 billion by 2030 from USD 2.84 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30. Global Adhesion Market is anticipated to witness lucrative growth opportunities in the coming years. This growth is attributed to mounting use of the material in the automotive sector and electrical and electronic industry, rising public interest towards environment-friendly products, increasing application in the packaging industry.
Global Adhesion Promoter Market: Segments
Plastics and Composites segment to grow with the highest CAGR during 2020-30
Global Adhesion Promoter Market is bifurcated by application into Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals and Others. Among these, plastics and composites segment held the largest market share of 33.4% in the year 2020. As per the Analysis, plastics and composites is the most dominant segment and thus, is expected to rise at a CAGR of 5.4% during the forecast period. These materials are mostly used in the manufacturing of precision-engineered products, due to its beneficial product properties which comprises of chemical resistance, flexibility and light weight. The segment’s growth is attributed to the mounting consumption of plastics in the automotive industry which lead to fuel savings by reducing overall car weight.
Market Dynamics
Drivers
High demand in the automotive industry
Demand for adhesion promoters is rising in the automotive industry for improving the adhesion on inks on tire labelling and strength of paints and coatings on automotive parts & components is anticipated to drive the demand for adhesion promoters in the coming years. Also, developments and innovations in the advance multilayers packaging and advance composites have led to an increase in demand of the adhesion promoters in the plastics and composites industry.
Restraint
Environmental concerns
Adhesion promoters adversely impact the environment in terms of VOC contribution which has led the governments to impose stringent rules and statutory norms impeding the growth of the global market. Also, underdeveloped recycling industry in the developing and under-developed economies is also inhibiting the growth of the global adhesion promoter’s market.
Global Adhesion Promoter Market: Key Players
• 3M
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• Air Products and Chemicals, Inc.
• AkzoNobel NV
• ALTANA
• Arkema SA
• BASF SE
• DowDuPont
• Eastman Chemical Company
• Evonik Industries AG
• Mitsubishi Chemical
• Mitsui Chemical
• TOYOBO CO. LTD.
• Other Prominent Players
Global Adhesion Promoter Market: Regions
Global Adhesion Promoter Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.
As per our estimates, Asia-Pacific’s Adhesion Promoter Market value is estimated at $0.87 billion in 2020 and anticipated to grow at a CAGR of 5.4% during the forecast period of 2021-2030. Asia-Pacific is dominating the global adhesion promoters’ market and is projected to continue leading the market throughout the forecast period. Mounting demand for paints & coatings, plastics & composites and rubber in the construction industry is driving the demand for the adhesion promoters in the region. Growing application of the product in tire labeling and paints & coatings in the automotive industry is also fueling the growth of the market in the region. Economic growth is also one of the major factors leading to the growth of the market since it has necessitated the requirement of both institutional and commercial infrastructure spaces. Various global market players are establishing their manufacturing base in the region due to easy availability of labor and raw materials.
Global Adhesion Promoter Market report also contains analysis on:
Adhesion Promoter Market Segments:
• By Application
o Plastics & Composites
o Paints & Coatings
o Rubber
o Adhesives
o Metals
o Others
• By Type
o Silane
o Maleic Anhydride
o Chlorinated Polyolefins
o Titanate & Zirconate
o Others
• By End-User
o Building & Construction
o Automotive & Transportation
o Packaging
o Electronics
o Others
• By Form
o Liquid
o Spray Forms
• Adhesion Promoter Market Dynamics
• Adhesion Promoter Market Size
• Supply & Demand
• Market Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Adhesion Promoter Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Adhesion Promoter Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Adhesion Promoter Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Adhesion Promoter Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Application: Market Share (2020-2030F)
12.2.1. Plastics & Composites, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Paints & Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Rubber, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Adhesives, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Metals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Type: Market Share (2020-2030F)
12.3.1. Silane, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Maleic Anhydride, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Chlorinated Polyolefins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Titanate & Zirconate, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By End-User: Market Share (2020-2030F)
12.4.1. Building & Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Automotive & Transportation, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Packaging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.4. Electronics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Form: Market Share (2020-2030F)
12.5.1. Liquid, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Spray Forms, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. 3M
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Air Products and Chemicals, Inc.
13.3. AkzoNobel NV
13.4. ALTANA
13.5. Arkema SA
13.6. BASF SE
13.7. DowDuPont
13.8. Eastman Chemical Company
13.9. Evonik Industries AG
13.10. Mitsubishi Chemical
13.11. Mitsui Chemical
13.12. TOYOBO CO. LTD.
13.13. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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