Report Code: A07381 | Nov 2023 | Pages: NA | ||
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Request Now !Adhesion promoters are materials that increase adhesive strength between the coating and the substrate. They are used as an additive to manufacture paint & coatings, polymers, inks, and rubbers. They are also used to enhance the quality of flat panel displays and semiconductors; and manufacture high-performance rubbers. Technological advancements and innovations in advanced composites and multilayer packaging have increased the demand for adhesion promoter in the plastics & composites industry. Moreover, adhesion promoters are used in electrical applications to enhance the adhesion of inorganic materials and reliability of semiconductors & flat panel displays. They also find applications in driver assistance systems, sensors, windows, and windscreens in the automotive industry. Adhesion promotors are used to produce night vision filters, which are useful to improve the vision at night. Furthermore, the development in automotive, construction, and plastic industries is expected to create lucrative opportunity for the adhesion promoters market over the forecast period.
The coronavirus pandemic has affected the automobile industry due to disruptions in supply chain. China is one of the largest manufacturers of automobiles and electronic goods. The supply of materials from China has been stopped due to international travel ban. This has made the companies to invest more money in other regions for the delivery of raw materials and other equipment. In addition, the lockdown has reduced fuel consumption as well as the demand for automobiles. These factors are expected to reduce the demand for adhesion promoters over the forecast period.
Rise in demand in the automotive industry to improve the adhesion strength of paints & coating on automotive parts & components and tire labeling are some of the key factors that are expected to boost the market growth to a large over the forecast period. Increase in demand for polymer & composites in the construction sector is also expected to drive the adhesion promoter market growth. In addition, huge investment in the automotive and transportation sectors in developing regions, such as Asia-Pacific, is expected to fuel the market growth over forecast period. Technological advancements are forcing companies to develop new and better adhesion promoters for increased efficiency in production. In addition, silane accounts for the largest segment, owing to the rise in demand for materials such as plastics & composites, paints & coatings, rubber, adhesives, and metals. Initiatives for the development of silane-based green tires are expected to propel the adhesion promoters market over the forecast period. However, rise in environmental concerns related to some adhesion promoters and stringent government policies are expected to hinder the adhesion promoters market.
In the construction sector, road maintenance, rebuilding, and reintegration activities are the key tasks in developed countries. These tasks require high durability and life expectancy in infrastructure. Adhesion promoters are used to make roads and construct buildings, which provide high resistance to the changing climatic conditions. These factors are expected to fuel the adhesion market in the future. Similarly, adhesion promoter is also used in old paintwork, impurity containing surfaces & corrosion, and to increase mechanical strength of plastics by superior bonding.Â
Silane type of adhesion promoter is expected to boost the market growth over the forecast period. Silane adhesion promoter plays an important role to form an adhesive bond between fibers of specific polymer types. Other trend observed is the use of adhesion promoter in the automotive industry to reduce the weight of vehicles.
By region, the global adhesion promoters’ market can be segregated into North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. Asia-Pacific is expected to become the market leader of adhesion promoters over the forecast period. The rise in infrastructure development is the major factor that boosts the market growth in the region. Moreover, rise in disposable income coupled with high passenger car sales has also increased the product demand in the region.
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Adhesion Promoters Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | AkzoNobel N.V., Dow Corning Corporation, BASF SE, E.I. du Pont de Nemours and Company, Evonik Industries AG, Eastman Chemical Company, Solvay SA, Clariant AG, 3M, Arkema Group |
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