Crosslinking Agent Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Crosslinking Agent Market is segmented by Type (Amide, Amine, Amino, Carbodiimide, Isocyanate, and Other Types), Application (Automotive Coatings, Decorative Coatings, Industrial Wood Coatings, Metal Coatings, Packaging Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Crosslinking Agent Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market for crosslinking agent is expected to register a CAGR of more than 5% globally during the forecast period.

  • Increasing demand for paintings and coatings industries and the need for the high quality of painting in various industries are driving the market growth.
  • The high cost of bio crosslinking agents and toxicity due to direct contact are expected to hinder the market growth.

Scope of the Report

The crosslinking agent market report include:

Type
Amide
Amine
Amino
Carbodiimide
Isocyanate
Other Types
Application
Automotive Coatings
Decorative Coatings
Industrial Wood Coatings
Metal Coatings
Packaging Coatings
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Paints and Coatings

  • Crosslinking agents are compounds that chemically join two or more molecules by a covalent bond and have been increasingly used for coatings lately. Crosslinking agents find their applications in automotive coatings, wood coatings, in packagings and decorative coatings, among others.
  • Crosslinkers are being used in paintings and coatings because they increase chemical properties, UV resistance, and durability of the coat.
  • Crosslinking agents are environmentally friendly products, which are also used for making decorative coatings on buildings, wood, plastics, and metals to provide much protection and enhance the appearance of wood.
  • Increasing UV temperatures, growing architectural sector, and technological advancements in automotive coatings are driving the demand for paintings and coatings, which, in turn, is expected to drive the market for crosslinking agents through the years to come.
Crosslinking Agent Volume Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the global market, owing to the highly developed automotive sector in China, coupled with the continuous investments done in the region to advance the architectural and various industrial sectors through the years.
  • Moreover, to protect the wood and buildings from various environmental conditions, different types of crosslinkers are being used in the recent past.
  • In metal processing industries, crosslinking agents are used to make coatings that are used for metals and they can increase the electrochemical properties of metals.
  • According to the Coatings World, Asia-Pacific has the largest coating market volume share in recent years, the demand for water-soluble agents from the architectural sector for coatings is high compared to other sectors.
  • Providing such protection to buildings, automobiles, and also in marine require advanced coatings and components, such as crosslinking agents. Continuous growth in the paint and coatings industry for various applications is expected to drive the market for crosslinking agents through the years to come.
Crosslinking Agent Market Regional Trends

Competitive Landscape

The global crosslinking agent market is fragmented in nature with many players competing in the market. Some of the major companies are BASF SE, Covestro AG, the Dow Chemical Company, Huntsman Corporation, and Ineos, among others.

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 Applications for Industrial Coatings

      2. 4.1.2 Increasing Demand for Water-based Crosslinking Agents

    2. 4.2 Restraints

      1. 4.2.1 Toxicity and High Cost of Agents

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Amide

      2. 5.1.2 Amine

      3. 5.1.3 Amino

      4. 5.1.4 Carbodiimide

      5. 5.1.5 Isocyanate

      6. 5.1.6 Other Types

    2. 5.2 Application

      1. 5.2.1 Automotive Coatings

      2. 5.2.2 Decorative Coatings

      3. 5.2.3 Industrial Wood Coatings

      4. 5.2.4 Metal Coatings

      5. 5.2.5 Packaging Coatings

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Aditya Birla Chemicals

      3. 6.4.3 Allnex Group

      4. 6.4.4 Covestro AG

      5. 6.4.5 Evonik Industries

      6. 6.4.6 Hexion Inc.

      7. 6.4.7 Huntsman Corporation

      8. 6.4.8 Ineos

      9. 6.4.9 The DOW Chemical Company

      10. 6.4.10 Wanhua Chemical Group Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand from the Automotive Sector

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Crosslinking Agent Market market is studied from 2016 - 2026.

The Crosslinking Agent Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, Covestro AG, The DOW Chemical Company, Huntsman Corporation, Ineos are the major companies operating in Crosslinking Agent Market.

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