Global Adhesion Promoter Market Predicted to Reach USD 4,883.80 Million by 2032

18-Apr-2024 | Facts and Factors

According to the research report published by Facts and Factors, in 2023, the global adhesion promoter market was estimated to be worth around USD 3,678.30 million, and by the end of 2032, current and expected developments were expected to be worth around USD 4,883.80  million. The companies and experts predict the worldwide adhesion promoter market growth in terms of a CAGR of around 3.2%.

The Increasing Demand of Adhesion Promoter For Automotive & Transportation, Building & Construction, Consumer Goods, Packaging, And Electronics Sectors Around The World Drives The Global Adhesion Promoter Industry.

An Adhesion Promoter is a substance built into a binder or to form primary bonds to either the substrate or the previously applied coating that is used in systems for coating, bonding, printing, and laminating polyolefin plastics. An adhesion promoter is a coating that helps a topcoat stick to surfaces like trim moldings, door handles, and door sills where sanding isn't possible. Adhesion promoters are chemicals that are added to the substrate layer to strengthen the adhesion of an adhesive or sealant to the substrate. Adhesion promoters that are traditionally dependent on silanes are used as additives in adhesives and sealants. The physical state of the interfaces is a significant impelling factor dictating performance when it comes to the efficacy of the final application of adhesive materials in various forms of coating and plastic applications.

Browse the full “Adhesion Promoter Market Size, Share, Growth Analysis Report By Type (Titanate & Zirconate, Chlorinated Polyolefins, Maleic Anhydride, Silane, And Others), By Applications (Metals, Adhesives, Rubber, Paints & Coatings, Plastics & Composites, And Others), By End-Users (Electronics, Packaging, Automotive & Transportation, Building & Construction, And Others), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032” report at https://www.fnfresearch.com/adhesion-promoter-market.

The global economy and business situation in major sectors around the world have been impacted by COVID-19's outbreak in 2020. The pandemic scenario has resulted in restrictions in manufacturing operations, trading policies, supply-chain instability, and other incidents in the global lockout. The key end-use industries of adhesion promoters, such as building & construction, automotive & transportation, consumer products, and electronics were also impacted during this situation. A decline in oil prices and delays in new pipeline completion, reduced demand from the automotive sector, and a temporary halt in construction activities around the world for a few months in 2020 have all had an effect on the economy. The high-growth adhesion promoter industry is expected to slow down in 2020 due to slow demand from end-use sectors.

On the other hand, the economy is improving, and companies have resumed activities with restricted capabilities and in compliance with government regulations. Both end-use industries are expected to be fully operational by the beginning of 2021, resulting in high demand for adhesion promoters. As a result, over the projected period, demand is projected to rise at a rapid pace. Several applicants in the paints and coatings, plastics and composites, adhesives, rubber, and metals industries have promoted the use of adhesion promoter materials as a way to improve the quality of their products. Having something more familiar and attractive to a customer plays a vital role in increasing sales.

The rising application of adhesion promoter in the field of automotive & transportation, building & construction, consumer goods, packaging, and electronics industry is expected to propel market growth in the upcoming years.

Report Scope

Top Market Players

Some of the leading and key companies in the adhesion promoter market contain DuPont, Evonik Industries AG, BASF SE, Air Products and Chemicals, Inc., Arkema SA, Dow, Atlanta AG, Akzo Nobel N.V., Eastman Chemical Company, Momentive, Arkema, 3M, and others.

The demand for adhesion promoters is expected to be driven by the region's rising demand for the construction industry. The increasing demand for adhesion promoters in the automotive industry and the rise in usage of adhesion promoters in composites are expected to propel the global adhesion promoter market in the upcoming years. The rising demand for improved adhesion in the composites and plastics sector is expected to fuel industry demand within the forecast period. Technological advancements have opened new doors for high-performance waterborne formulations and non-chlorinated promoters that provide greater curing flexibility and improved performance in applications including printing inks, adhesives, plastics and composites.

As a result, the growing market for adhesion promoters in the automotive & transportation, building & construction, consumer goods, packaging, and electronics is a major growth driver. In addition, the rapid growth in the building and construction industry is anticipated to impact positively the demand for adhesion promoters as several commercial, residential and infrastructure projects rise in the worldwide region. Growing globalization, which has resulted in an uptick in acquisitions, as well as a plentiful availability of raw materials, are driving the global adhesion promoter market forward. Major developments in adhesion promoter technology, as well as significant investments by leading research and development manufacturers, are expected to propel the global adhesion promoter market in the upcoming years. However, the environmental concerns related to some adhesion promoters may hamper the global adhesion promoter market.

Segmental Overview:

The global adhesion promoter market is segmented as type, application, end-use industry, and region. By type, the global market is divided into silane, titanate & zirconate, maleic anhydride, non-chlorinated polyolefins, chlorinated polyolefins, and others. By application, the market is bifurcated into paints & coatings, plastics & composites, adhesives, rubber, metals, and others. By end-use industry, the global market is divided into automotive & transportation, building & construction, consumer goods, packaging, electronics, and others. Geographically, the global adhesion promoter market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.

Regional Overview:

In terms of geography, Asia Pacific represents a higher demand for the adhesion promoter market followed by the European region. The Asia-Pacific adhesion promoter market is driven by the increasing demand for plastics and composites, paints and coatings, and rubber in the construction industry, which is primarily driving the commodity market in the country. The Asia Pacific has emerged as one of the leading producers and users of adhesion promoter, due to growing domestic demand, easy availability of labors and raw materials.

Furthermore, the arrival of big players is projected to increase demand even further. The strong involvement of prominent suppliers of adhesion promoter, as well as private company investment in the production and growth of R&D operations, are all planned to drive the province's demand for adhesion promoter.The global adhesion promoter market is segmented as follows:

By Type

• Titanate & Zirconate
• Chlorinated Polyolefins
• Maleic Anhydride
• Silane
• Others

By Applications

• Metals
• Adhesives
• Rubber
• Paints & Coatings
• Plastics & Composites
• Others

By End-Users

• Electronics
• Packaging
• Automotive & Transportation
• Building & Construction
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1 (347) 690-0211
Email: [email protected]
Web: https://www.fnfresearch.com