Adhesion Promoters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Type ( Silanes, Maleic Anhydride, Titanates and Zirconates, Chlorinated Polyolefins, Non-chlorinated Polyolefins, and Other Types), Application (Plastics and Composites, Paints and Coatings, Rubber, Adhesive, Metal Substrate, and Other Applications), and Geography (Asia-Pacific, north America, Europe, South America, and Middle East & Africa)

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Adhesion Promoters Market Size

Adhesion Promoters Market Summary
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

Adhesion Promoters Market Major Players

*Disclaimer: Major Players sorted in no particular order
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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 Market Trends

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.
Adhesion Promoters Market, Revenue share (%), by Application, Global, 2018

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
Adhesion Promoters Market, Growth rate by region, 2019-2024

Adhesion Promoters Industry Overview

The global market for adhesion promoters is highly consolidated in nature with approximately 65-70% consolidation among the top 6-8 players. Major players, in the silane-based adhesion promoters market, include Momentive, Evonik, Dow, and Shin Etsu. However, in the organometallic compounds, chlorinated polyolefins, and other polymers-based adhesion promoters, the dominance of these chemical companies fades and new group of global players such as Eastman Chemical Company, Nagase & Co., Nippon Paper Group, and BASF SE.

Adhesion Promoters Market Leaders

  1. Momentive

  2. Evonik Industries AG

  3. Shin Etsu Chemical Co. Ltd

  4. Eastman Chemical Company

  5. DOW

*Disclaimer: Major Players sorted in no particular order

Adhesion Promoters Market Concentration
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Adhesion Promoters Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Usage in the Packaging Sector

      2. 4.1.2 Increasing Applications in the Electrical and Electronics Industry

    2. 4.2 Restraints

      1. 4.2.1 Negative Environmental Effect

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Silane

      2. 5.1.2 Maleic Anhydride

      3. 5.1.3 Titanate and Zirconate

      4. 5.1.4 Chlorinated Polyolefins

      5. 5.1.5 Non-chlorinated Polyolefins

      6. 5.1.6 Others

    2. 5.2 Application

      1. 5.2.1 Plastics & Composites

      2. 5.2.2 Paints & Coatings

      3. 5.2.3 Rubber

      4. 5.2.4 Adhesive

      5. 5.2.5 Metal Substrate

      6. 5.2.6 Others

    3. 5.3 End-User Industry

      1. 5.3.1 Automotive and Transportation

      2. 5.3.2 Electrical & Electronics

      3. 5.3.3 Packaging

      4. 5.3.4 Consumer Goods

      5. 5.3.5 Construction & Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 Iran

        3. 5.4.5.3 United Arab Emirates

        4. 5.4.5.4 South Africa

        5. 5.4.5.5 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Altana AG

      3. 6.4.3 Arkema Group

      4. 6.4.4 BASF SE

      5. 6.4.5 Borica Co. Ltd

      6. 6.4.6 DIC Corporation

      7. 6.4.7 Dow

      8. 6.4.8 Eastman Chemical Company

      9. 6.4.9 EMS-CHEMIE HOLDING AG

      10. 6.4.10 Evonik Industries AG

      11. 6.4.11 Kemipex

      12. 6.4.12 MHM Holding GmbH

      13. 6.4.13 Momentive

      14. 6.4.14 Nagase & Co. Ltd

      15. 6.4.15 Nippon Paper Industries Co. Ltd

      16. 6.4.16 Nouryon

      17. 6.4.17 Shin Etsu Chemical Co. Ltd

      18. 6.4.18 Toyobo Co. Ltd

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Emphasis on the Development of Silane-based Green Tires

    2. 7.2 Growing Demand from the Automotive Sector

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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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
Iran
United Arab Emirates
South Africa
Rest of Middle East & Africa
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Adhesion Promoters Market Research FAQs

The Adhesion Promoters Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)

Momentive, Evonik Industries AG, Shin Etsu Chemical Co. Ltd, Eastman Chemical Company and DOW are the major companies operating in the Adhesion Promoters Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Adhesion Promoters Market.

The report covers the Adhesion Promoters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Adhesion Promoters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Adhesion Promoters Industry Report

Statistics for the 2024 Adhesion Promoters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Adhesion Promoters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Adhesion Promoters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)