Crosslinking Agent Market – Global Industry Analysis and Forecast (2023-2029)

Global Crosslinking Agent Market is expected to reach US$ 20.49 Bn. by 2029, at a CAGR of 5.4% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report

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.

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 market in Asia Pacific region.

The objective of the report is to present comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Crosslinking Agent market dynamics, structure by analyzing the market segments, and project the market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
Crosslinking Agent Market Scope: Inquire before buying



Global Crosslinking Agent Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 14.17 Bn.


Forecast Period 2023 to 2029 CAGR:
5.4%
Market Size in 2029:
US $ 20.49 Bn.


 Segments Covered:
by Chemistry
Amino
Amine
Isocyanate
Amide
Aziridine
Carbodiimide
Others


by Application
Decorative Coatings
Industrial Coatings



Crosslinking Agent Market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Crosslinking Agent Market Key Players:
1. BASF SE (Germany)
2. Huntsman Corporation (US)
3. Covestro AG (Germany)
4. Evonik Industries (Germany)
5. Aditya Birla Chemicals (India)
6. Allnex Group (Germany)
7. Wanhua Chemical Group Co., Ltd. (China)
8. Ineos (US)
9. Hexion Inc. (US)
10. The DOW Chemical Company (US)

Frequently Asked Questions:

1. Which region has the largest share in Global Crosslinking Agent Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Crosslinking Agent Market?
Ans: The Global market is growing at a CAGR of 5.4% during forecasting period 2023-2029.

3. What is scope of the Global Crosslinking Agent market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Crosslinking Agent market?
Ans: The important key players in the Global market are – 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), and The DOW Chemical Company

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.