Crosslinking Agent Market is expected to reach USD 14.78 Billion by 2024 from USD 10.23 Billion in 2016 at a CAGR of 5.4%.
Surging utility of crosslinking agents across emerging countries of Asia Pacific, Europe, and North America. Growth of this market is mainly due to the rising awareness regarding the benefits of crosslinking agents in varied paints & coatings applications, such as automotive, wood, marine, can/coil, powder, and wall coatings, among others. However, the high price of crosslinking agents for decorative coatings is restraining the growth of crosslinking agent market. India, China, and Brazil are assumed as price sensitive markets, and thus, they prefer using cheaper alternatives to crosslinking agent.
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Global Crossing Agent Market
Based on chemistry, cross linking market is segmented into amino, amine, isocyanate, amide, aziridine, carbodiimide and others. Amino crosslinking agent segment hold major share for the market during the forecast period. Amino crosslinking agents are widely used in industrial and decorative coatings. Isocynate segment is expected to grow at a high CAGR during the forecast period. This is due to its various coating applications in automotive, decorative, appliances, packaging and industrial wood coating.
Decorative coatings and industrial coatings are application segments of cross linking agent market. Industrial coating segment is dominating the market owing to the increasing demand for the water-based and eco-friendly paints & coatings from the industrial applications and growing powder coating market.
Geographically, the crosslinking agent market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is holds major share of crosslinking agent market and will continue its growth during the forecast period. Increasing use of crosslinking agents industrial coatings in automotive and protective coatings applications and rising construction industry is driving the growth of crosslinking agent market in Asia Pacific region.
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Scope of the report:
Crosslinking Agent Market, by Chemistry:
Crosslinking Agent Market, by Application:
• Decorative Coatings
• Industrial Coatings
Crosslinking Agent Market, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Profiled in the Report:
• BASF SE (Germany)
• Huntsman Corporation (US)
• Covestro AG (Germany)
• Evonik Industries (Germany)
• Aditya Birla Chemicals (India)
• Allnex Group (Germany)
• Wanhua Chemical Group Co., Ltd. (China)
• Ineos (US)
• Hexion Inc. (US)
• The DOW Chemical Company (US
MAJOR TOC OF THE REPORT
Chapter One: Crosslinking Agent Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Crosslinking Agent Market Competition, by Players
Chapter Four: Global Crosslinking Agent Market Size by Regions
Chapter Five: North America Crosslinking Agent Revenue by Countries
Chapter Six: Europe Crosslinking Agent Revenue by Countries
Chapter Seven: Asia-Pacific Crosslinking Agent Revenue by Countries
Chapter Eight: South America Crosslinking Agent Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Crosslinking Agent by Countries
Chapter Ten: Global Crosslinking Agent Market Segment by Type
Chapter Eleven: Global Crosslinking Agent Market Segment by Application
Chapter Twelve: Global Crosslinking Agent Market Size Forecast (2019-2026)
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