DUBLIN, April 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Adhesion Promoter Market by Type (Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate, Others), Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals, Others), Region - Global Forecast to 2021" report to their offering.
The global adhesion promoters market was valued at USD 2.51 Billion in 2015 and is projected to reach USD 3.64 Billion by 2021, at a CAGR of 6.4% from 2016 to 2021.
This growth is mainly attributed to the growing automotive sector in the Asia-Pacific region, use of adhesion promoters in composites, application of adhesion promoters in printed circuit boards, innovation of silane-based green tires, requirement of halogen-free wires, and development of multilayer packaging.
Among all applications, the plastics & composites segment is the fastest-growing application segment in the adhesion promoters market. Adhesion promoters are used to produce silica-reinforced tires. They are also used to develop high-molecular-weight rubbers and highly weatherable paints. In chemical applications such as paints & coatings and adhesives, adhesion promoters are used to increase adhesion with inorganic substrates. They assist in increasing transparency and reducing viscosity of coatings during mixing of paints & coatings.
In electrical application, adhesion promoters are used to improve the reliability of semiconductors and flat panel displays. They also help in improving the adhesion and dispersibility of inorganic materials. Moreover, in the construction sector, adhesion promoters help in improving the durability of exterior walls of buildings, bridges, and other infrastructures.
A wide range of adhesion promoters are available in the market. Silane is the major type of adhesion promoters used in paints & coatings, rubber, and tire applications. It is also utilized in the automotive and construction industries. Maleic anhydride is the second-largest type of adhesion promoters. Its major application is in plastics & composites. It is also used in packaging, automotive, wire & cable, and recycling industries.
Asia-Pacific held the largest share in the global adhesion promoters market in 2015. The market in this region is projected to grow at the highest CAGR during the forecast period, in terms of value. This growth is mainly attributed to the increasing demand of adhesion promoters in the paints & coatings application. Several global players in the adhesion promoters market are establishing their manufacturing base in the Asia-Pacific region, owing to the easy availability of raw materials and labor.
Factors inhibiting the growth of the global adhesion promoters market include negative environmental impact of some adhesion promoters and the underdeveloped recycling industry in the Asia-Pacific region. Momentive Performance Materials Inc. (U.S.), Eastman Chemical Company (U.S.), Dow Corning Corporation (U.S.), BASF SE (Germany), Arkema SA (France), Evonik Industries AG (Germany), and ALTANA AG (Germany) are key players operating in the adhesion promoters market. Momentive Performance Materials Inc. (U.S.) is engaged in the production of new products in the field of adhesion promoters market. The company has also undertaken collaboration activities to improve growth opportunities in emerging markets.
For more information visit http://www.researchandmarkets.com/research/97h9cn/adhesion_promoter
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SOURCE Research and Markets